Autoneum Holding OTC Stock Forecast - Simple Exponential Smoothing
| ATNNF Stock | USD 165.87 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of Autoneum Holding AG on the next trading day is expected to be 165.87 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Autoneum OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Autoneum Holding's historical fundamentals, such as revenue growth or operating cash flow patterns.
Autoneum |
Most investors in Autoneum Holding 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 Autoneum Holding's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Autoneum Holding's price structures and extracts relationships that further increase the generated results' accuracy.
Autoneum Holding 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 Autoneum Holding AG are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Autoneum Holding prices get older. Autoneum Holding Simple Exponential Smoothing Price Forecast For the 17th of June 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Autoneum Holding AG on the next trading day is expected to be 165.87 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Autoneum OTC 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 Autoneum Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Autoneum Holding OTC Stock Forecast Pattern
| Backtest Autoneum Holding | Autoneum Holding Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Autoneum Holding otc stock data series using in forecasting. Note that when a statistical model is used to represent Autoneum Holding otc 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 | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Autoneum Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Autoneum Holding. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 Autoneum Holding'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.
Autoneum Holding 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 Autoneum Holding otc stock to make a market-neutral strategy. Peer analysis of Autoneum Holding could also be used in its relative valuation, which is a method of valuing Autoneum Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Autoneum Holding Market Strength Events
Market strength indicators help investors to evaluate how Autoneum Holding otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Autoneum Holding shares will generate the highest return on investment. By undertsting and applying Autoneum Holding otc stock market strength indicators, traders can identify Autoneum Holding AG entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 165.87 | |||
| Day Typical Price | 165.87 |
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Other Information on Investing in Autoneum OTC Stock
Autoneum Holding financial ratios help investors to determine whether Autoneum OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Autoneum with respect to the benefits of owning Autoneum Holding security.