Victory Supermarket Stock Forecast - Triple Exponential Smoothing
| VCTR Stock | ILA 4,774 132.00 2.69% |
The Triple Exponential Smoothing forecasted value of Victory Supermarket Chain on the next trading day is expected to be 4,812 with a mean absolute deviation of 61.32 and the sum of the absolute errors of 3,679. Victory Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Victory Supermarket stock prices and determine the direction of Victory Supermarket Chain's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Victory Supermarket's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Victory |
Most investors in Victory Supermarket 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 Victory Supermarket's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Victory Supermarket's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for Victory Supermarket - 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 Victory Supermarket 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 Victory Supermarket price movement. However, neither of these exponential smoothing models address any seasonality of Victory Supermarket Chain. Victory Supermarket Triple Exponential Smoothing Price Forecast For the 3rd of May
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Victory Supermarket Chain on the next trading day is expected to be 4,812 with a mean absolute deviation of 61.32, mean absolute percentage error of 6,687, and the sum of the absolute errors of 3,679.Please note that although there have been many attempts to predict Victory 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 Victory Supermarket's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Victory Supermarket Stock Forecast Pattern
| Backtest Victory Supermarket | Victory Supermarket Price Prediction | Buy or Sell Advice |
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 Victory Supermarket stock data series using in forecasting. Note that when a statistical model is used to represent Victory Supermarket 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 | Huge |
| Bias | Arithmetic mean of the errors | 19.7957 |
| MAD | Mean absolute deviation | 61.319 |
| MAPE | Mean absolute percentage error | 0.0141 |
| SAE | Sum of the absolute errors | 3679.14 |
Predictive Modules for Victory Supermarket
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Victory Supermarket Chain. 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 Victory Supermarket'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.
Victory Supermarket 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 Victory Supermarket stock to make a market-neutral strategy. Peer analysis of Victory Supermarket could also be used in its relative valuation, which is a method of valuing Victory Supermarket by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Victory Supermarket Market Strength Events
Market strength indicators help investors to evaluate how Victory Supermarket stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Victory Supermarket shares will generate the highest return on investment. By undertsting and applying Victory Supermarket stock market strength indicators, traders can identify Victory Supermarket Chain entry and exit signals to maximize returns.
| Accumulation Distribution | 324.54 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 4832.0 | |||
| Day Typical Price | 4812.67 | |||
| Market Facilitation Index | 0.0313 | |||
| Price Action Indicator | (124.00) | |||
| Period Momentum Indicator | (132.00) | |||
| Relative Strength Index | 45.08 |
Victory Supermarket Risk Indicators
The analysis of Victory Supermarket'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 Victory Supermarket's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting victory 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 | 1.29 | |||
| Semi Deviation | 1.08 | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.24 | |||
| Downside Variance | 2.24 | |||
| Semi Variance | 1.16 | |||
| Expected Short fall | (1.54) |
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.
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 Victory Supermarket 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, Victory Supermarket's short interest history, or implied volatility extrapolated from Victory Supermarket options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| MSFT | Microsoft | |
| CRM | Salesforce | |
| GOOG | Alphabet Inc Class C |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Victory Stock analysis
When running Victory Supermarket's price analysis, check to measure Victory Supermarket'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 Victory Supermarket is operating at the current time. Most of Victory Supermarket's value examination focuses on studying past and present price action to predict the probability of Victory Supermarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Victory Supermarket's price. Additionally, you may evaluate how the addition of Victory Supermarket to your portfolios can decrease your overall portfolio volatility.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |