ELMOS SEMICONDUCTOR Stock Forecast - Triple Exponential Smoothing
| ELG Stock | EUR 83.90 0.70 0.84% |
The Triple Exponential Smoothing forecasted value of ELMOS SEMICONDUCTOR on the next trading day is expected to be 84.66 with a mean absolute deviation of 1.50 and the sum of the absolute errors of 89.90. ELMOS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ELMOS SEMICONDUCTOR stock prices and determine the direction of ELMOS SEMICONDUCTOR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ELMOS SEMICONDUCTOR's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ELMOS SEMICONDUCTOR to cross-verify your projections. ELMOS |
Most investors in ELMOS SEMICONDUCTOR cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ELMOS SEMICONDUCTOR's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ELMOS SEMICONDUCTOR's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for ELMOS SEMICONDUCTOR - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When ELMOS SEMICONDUCTOR prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in ELMOS SEMICONDUCTOR price movement. However, neither of these exponential smoothing models address any seasonality of ELMOS SEMICONDUCTOR. ELMOS SEMICONDUCTOR Triple Exponential Smoothing Price Forecast For the 29th of May
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of ELMOS SEMICONDUCTOR on the next trading day is expected to be 84.66 with a mean absolute deviation of 1.50, mean absolute percentage error of 4.06, and the sum of the absolute errors of 89.90.Please note that although there have been many attempts to predict ELMOS Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ELMOS SEMICONDUCTOR's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ELMOS SEMICONDUCTOR Stock Forecast Pattern
| Backtest ELMOS SEMICONDUCTOR | ELMOS SEMICONDUCTOR Price Prediction | Buy or Sell Advice |
ELMOS SEMICONDUCTOR Forecasted Value
In the context of forecasting ELMOS SEMICONDUCTOR's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. ELMOS SEMICONDUCTOR's downside and upside margins for the forecasting period are 82.16 and 87.17, respectively. We have considered ELMOS SEMICONDUCTOR's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ELMOS SEMICONDUCTOR stock data series using in forecasting. Note that when a statistical model is used to represent ELMOS SEMICONDUCTOR stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.3538 |
| MAD | Mean absolute deviation | 1.4984 |
| MAPE | Mean absolute percentage error | 0.0201 |
| SAE | Sum of the absolute errors | 89.9028 |
Predictive Modules for ELMOS SEMICONDUCTOR
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ELMOS SEMICONDUCTOR. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ELMOS SEMICONDUCTOR's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for ELMOS SEMICONDUCTOR
For every potential investor in ELMOS, whether a beginner or expert, ELMOS SEMICONDUCTOR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ELMOS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ELMOS. Basic forecasting techniques help filter out the noise by identifying ELMOS SEMICONDUCTOR's price trends.ELMOS SEMICONDUCTOR Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ELMOS SEMICONDUCTOR stock to make a market-neutral strategy. Peer analysis of ELMOS SEMICONDUCTOR could also be used in its relative valuation, which is a method of valuing ELMOS SEMICONDUCTOR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ELMOS SEMICONDUCTOR Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ELMOS SEMICONDUCTOR's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ELMOS SEMICONDUCTOR's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ELMOS SEMICONDUCTOR Market Strength Events
Market strength indicators help investors to evaluate how ELMOS SEMICONDUCTOR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ELMOS SEMICONDUCTOR shares will generate the highest return on investment. By undertsting and applying ELMOS SEMICONDUCTOR stock market strength indicators, traders can identify ELMOS SEMICONDUCTOR entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 83.9 | |||
| Day Typical Price | 83.9 | |||
| Price Action Indicator | 0.35 | |||
| Period Momentum Indicator | 0.7 |
ELMOS SEMICONDUCTOR Risk Indicators
The analysis of ELMOS SEMICONDUCTOR's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ELMOS SEMICONDUCTOR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elmos stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.82 | |||
| Semi Deviation | 1.98 | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.92 | |||
| Downside Variance | 5.17 | |||
| Semi Variance | 3.93 | |||
| Expected Short fall | (2.08) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Historical Fundamental Analysis of ELMOS SEMICONDUCTOR to cross-verify your projections. Note that the ELMOS SEMICONDUCTOR information on this page should be used as a complementary analysis to other ELMOS SEMICONDUCTOR's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for ELMOS Stock analysis
When running ELMOS SEMICONDUCTOR's price analysis, check to measure ELMOS SEMICONDUCTOR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ELMOS SEMICONDUCTOR is operating at the current time. Most of ELMOS SEMICONDUCTOR's value examination focuses on studying past and present price action to predict the probability of ELMOS SEMICONDUCTOR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ELMOS SEMICONDUCTOR's price. Additionally, you may evaluate how the addition of ELMOS SEMICONDUCTOR to your portfolios can decrease your overall portfolio volatility.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |