Sweetgreen Stock Forecast - Simple Exponential Smoothing
| SG Stock | USD 21.72 0.53 2.38% |
The Simple Exponential Smoothing forecasted value of Sweetgreen on the next trading day is expected to be 21.72 with a mean absolute deviation of 0.60 and the sum of the absolute errors of 35.98. Sweetgreen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sweetgreen stock prices and determine the direction of Sweetgreen's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sweetgreen's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Sweetgreen's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Sweetgreen's systematic risk associated with finding meaningful patterns of Sweetgreen fundamentals over time.
Check out Historical Fundamental Analysis of Sweetgreen to cross-verify your projections. Sweetgreen |
Most investors in Sweetgreen 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 Sweetgreen's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sweetgreen's price structures and extracts relationships that further increase the generated results' accuracy.
Sweetgreen 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 Sweetgreen are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Sweetgreen prices get older. Sweetgreen Simple Exponential Smoothing Price Forecast For the 26th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Sweetgreen on the next trading day is expected to be 21.72 with a mean absolute deviation of 0.60, mean absolute percentage error of 0.79, and the sum of the absolute errors of 35.98.Please note that although there have been many attempts to predict Sweetgreen 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 Sweetgreen's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sweetgreen Stock Forecast Pattern
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Sweetgreen Forecasted Value
In the context of forecasting Sweetgreen'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. Sweetgreen's downside and upside margins for the forecasting period are 16.46 and 26.98, respectively. We have considered Sweetgreen'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Sweetgreen stock data series using in forecasting. Note that when a statistical model is used to represent Sweetgreen 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 | 116.042 |
| Bias | Arithmetic mean of the errors | -0.1797 |
| MAD | Mean absolute deviation | 0.5997 |
| MAPE | Mean absolute percentage error | 0.0328 |
| SAE | Sum of the absolute errors | 35.98 |
Predictive Modules for Sweetgreen
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sweetgreen. 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 Sweetgreen'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 Sweetgreen
For every potential investor in Sweetgreen, whether a beginner or expert, Sweetgreen's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sweetgreen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sweetgreen. Basic forecasting techniques help filter out the noise by identifying Sweetgreen's price trends.Sweetgreen 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 Sweetgreen stock to make a market-neutral strategy. Peer analysis of Sweetgreen could also be used in its relative valuation, which is a method of valuing Sweetgreen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sweetgreen 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 Sweetgreen'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 Sweetgreen's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sweetgreen Market Strength Events
Market strength indicators help investors to evaluate how Sweetgreen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sweetgreen shares will generate the highest return on investment. By undertsting and applying Sweetgreen stock market strength indicators, traders can identify Sweetgreen entry and exit signals to maximize returns.
Sweetgreen Risk Indicators
The analysis of Sweetgreen'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 Sweetgreen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sweetgreen 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 | 3.3 | |||
| Semi Deviation | 2.64 | |||
| Standard Deviation | 5.11 | |||
| Variance | 26.08 | |||
| Downside Variance | 12.86 | |||
| Semi Variance | 6.99 | |||
| Expected Short fall | (3.94) |
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.
Sweetgreen Investors Sentiment
The influence of Sweetgreen's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Sweetgreen. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Sweetgreen's public news can be used to forecast risks associated with an investment in Sweetgreen. The trend in average sentiment can be used to explain how an investor holding Sweetgreen can time the market purely based on public headlines and social activities around Sweetgreen. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Sweetgreen's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Sweetgreen's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Sweetgreen's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Sweetgreen.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sweetgreen in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sweetgreen's short interest history, or implied volatility extrapolated from Sweetgreen options trading.
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When determining whether Sweetgreen is a strong investment it is important to analyze Sweetgreen's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sweetgreen's future performance. For an informed investment choice regarding Sweetgreen Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Sweetgreen to cross-verify your projections. For more detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.Note that the Sweetgreen information on this page should be used as a complementary analysis to other Sweetgreen'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Sweetgreen Stock analysis
When running Sweetgreen's price analysis, check to measure Sweetgreen'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 Sweetgreen is operating at the current time. Most of Sweetgreen's value examination focuses on studying past and present price action to predict the probability of Sweetgreen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sweetgreen's price. Additionally, you may evaluate how the addition of Sweetgreen to your portfolios can decrease your overall portfolio volatility.
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Is Sweetgreen'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 Sweetgreen. If investors know Sweetgreen 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 Sweetgreen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.01) | Revenue Per Share 5.219 | Quarterly Revenue Growth 0.291 | Return On Assets (0.08) | Return On Equity (0.22) |
The market value of Sweetgreen is measured differently than its book value, which is the value of Sweetgreen that is recorded on the company's balance sheet. Investors also form their own opinion of Sweetgreen's value that differs from its market value or its book value, called intrinsic value, which is Sweetgreen'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 Sweetgreen's market value can be influenced by many factors that don't directly affect Sweetgreen'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 Sweetgreen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sweetgreen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sweetgreen'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.