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Dr Reddys Stock Forecast - Simple Exponential Smoothing

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RDY -- USA Stock  

USD 44.80  0.75  1.70%

Investors can use this prediction interface to forecast Dr Reddys historic stock prices and determine the direction of Dr Reddys Laboratories Ltd future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Dr Reddys historical fundamentals such as revenue growth or operating cash flow patterns. Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections.
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Dr Reddys simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Dr Reddys Laboratories Ltd are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Dr Reddys Laboratories prices get older.
Given 30 days horizon, the value of Dr Reddys Laboratories Ltd on the next trading day is expected to be 44.774969

Dr Reddys Stock Forecast Pattern

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Dr Reddys Forecasted Value

Market Value
44.80
February 23, 2020
44.77
Expected Value
49.04
Upside

Model Predictive Factors

AICAkaike Information Criteria115.2196
BiasArithmetic mean of the errors -0.0735
MADMean absolute deviation0.4102
MAPEMean absolute percentage error0.0096
SAESum of the absolute errors24.612
This simple exponential smoothing model begins by setting Dr Reddys Laboratories Ltd forecast for the second period equal to the observation of the first period. In other words, recent Dr Reddys observations are given relatively more weight in forecasting than the older observations.

Volatility Measures

Dr Reddys Risk Indicators

Current Sentiment - RDY

Dr Reddys Laboratories Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Dr Reddys Laboratories Ltd. What is your opinion about investing in Dr Reddys Laboratories Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.