Siem Offshore Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Siem Offshore - 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 Siem Offshore 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 Siem Offshore price movement. However, neither of these exponential smoothing models address any seasonality of Siem Offshore.

Siem Offshore Triple Exponential Smoothing Price Forecast For the 24th of May

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Siem Offshore on the next trading day is expected to be 36.14 with a mean absolute deviation of 0.54, mean absolute percentage error of 0.52, and the sum of the absolute errors of 32.04.

Siem Offshore Stock Forecast Pattern

Backtest Siem Offshore

Siem Offshore Price Prediction

Buy or Sell Advice

Siem Offshore Forecasted Value

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 Siem Offshore stock data series using in forecasting. Note that when a statistical model is used to represent Siem Offshore 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. As with simple exponential smoothing, in triple exponential smoothing models past Siem Offshore observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Siem Offshore observations.

Predictive Modules for Siem Offshore

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Siem Offshore. 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.

Hype Prediction Low Estimated High 34.17 36.10 38.03 Details

Intrinsic Valuation Low Real High 27.11 29.04 39.71 Details

Bollinger Band Projection (param) Low Middle High 33.84 35.46 37.07 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Siem Offshore. Your research has to be compared to or analyzed against Siem Offshore's peers to derive any actionable benefits. When done correctly, Siem Offshore's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Siem Offshore.

Other Forecasting Options for Siem Offshore

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

Siem Offshore Related Equities

Risk & Return

Correlation

Siem Offshore 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 Siem Offshore'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 Siem Offshore's current price.

Siem Offshore Market Strength Events

Siem Offshore Risk Indicators

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Siem Offshore using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Complementary Tools for Siem Stock analysis

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between Siem Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Siem Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Siem Offshore'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.