Gamestop Corp Stock Forecast - Double Exponential Smoothing

GME
 Stock
  

USD 25.04  0.34  1.38%   

Gamestop Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Gamestop Corp historical stock prices and determine the direction of Gamestop Corp's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Gamestop Corp historical fundamentals such as revenue growth or operating cash flow patterns.
Please check Historical Fundamental Analysis of Gamestop Corp to cross-verify your projections.
  

Open Interest Agains t 2022-09-30 Gamestop Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Gamestop Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Gamestop Corp's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Gamestop Corp stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Gamestop Corp's open interest, investors have to compare it to Gamestop Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Gamestop Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Gamestop. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Gamestop Corp 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 Gamestop Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Gamestop Corp's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Gamestop Corp works best with periods where there are trends or seasonality.

Gamestop Corp Double Exponential Smoothing Price Forecast For the 25th of September

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Gamestop Corp on the next trading day is expected to be 24.81 with a mean absolute deviation of 1.29, mean absolute percentage error of 2.54, and the sum of the absolute errors of 76.39.
Please note that although there have been many attempts to predict Gamestop 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 Gamestop Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Gamestop Corp Stock Forecast Pattern

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Gamestop Corp Forecasted Value

In the context of forecasting Gamestop Corp'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. Gamestop Corp's downside and upside margins for the forecasting period are 20.14 and 29.47, respectively. We have considered Gamestop Corp'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.
Market Value 25.04
24.81
Expected Value
29.47
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Gamestop Corp stock data series using in forecasting. Note that when a statistical model is used to represent Gamestop Corp 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors 0.2012
MADMean absolute deviation1.2947
MAPEMean absolute percentage error0.0389
SAESum of the absolute errors76.3891
When Gamestop Corp 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 Gamestop Corp trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Gamestop Corp observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Gamestop Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gamestop Corp. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Gamestop Corp'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. Please use the tools below to analyze the current value of Gamestop Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
21.0225.6930.36
Details
Intrinsic
Valuation
LowReal ValueHigh
22.5432.1536.82
Details
4 Analysts
Consensus
LowTarget PriceHigh
10.0055.75145.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gamestop Corp. Your research has to be compared to or analyzed against Gamestop Corp's peers to derive any actionable benefits. When done correctly, Gamestop Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Gamestop Corp.

Other Forecasting Options for Gamestop Corp

For every potential investor in Gamestop, whether a beginner or expert, Gamestop Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gamestop Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gamestop. Basic forecasting techniques help filter out the noise by identifying Gamestop Corp's price trends.

Gamestop Corp 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 Gamestop Corp stock to make a market-neutral strategy. Peer analysis of Gamestop Corp could also be used in its relative valuation, which is a method of valuing Gamestop Corp by comparing valuation metrics with similar companies.
Harley-DavidsonEzgo TechnologiesLCI IndustriesMalibu BoatsFuture Mobility SolutionsAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelone IncCVS CorpChevron CorpHome DepotInternational Business
 Risk & Return  Correlation

Gamestop Corp 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 Gamestop Corp'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 Gamestop Corp's current price.

Gamestop Corp Market Strength Events

Market strength indicators help investors to evaluate how Gamestop Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gamestop Corp shares will generate the highest return on investment. By undertsting and applying Gamestop Corp stock market strength indicators, traders can identify Gamestop Corp entry and exit signals to maximize returns.

Gamestop Corp Risk Indicators

The analysis of Gamestop Corp's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Gamestop Corp's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Gamestop Corp stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gamestop Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Historical Fundamental Analysis of Gamestop Corp to cross-verify your projections. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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Is Gamestop Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gamestop Corp. If investors know Gamestop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gamestop Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Gamestop Corp is measured differently than its book value, which is the value of Gamestop that is recorded on the company's balance sheet. Investors also form their own opinion of Gamestop Corp's value that differs from its market value or its book value, called intrinsic value, which is Gamestop Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gamestop Corp's market value can be influenced by many factors that don't directly affect Gamestop Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gamestop Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Gamestop Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gamestop Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.