All Ords Index Forecast - Triple Exponential Smoothing

AORD -- Australia Index  

 6,142  9.50  0.15%

All Ords Index Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast All Ords historical stock prices and determine the direction of All Ords'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 All Ords historical fundamentals such as revenue growth or operating cash flow patterns. Check out fundamental analysis of All Ords to check your projections.

Search Index Forecast

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

All Ords Triple Exponential Smoothing Price Forecast For the 3rd of July

Given 30 days horizon, the forecasted value of All Ords on the next trading day is expected to be  6,152  with a mean absolute deviation of  75.67 , mean absolute percentage error of  10,170 , and the sum of the absolute errors of  4,464 

All Ords Index Forecast Pattern

All Ords Forecasted Value

Market Value
2nd of July 2020
Expected Value

Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -15.6146
MADMean absolute deviation75.6684
MAPEMean absolute percentage error0.0132
SAESum of the absolute errors4464.4327
As with simple exponential smoothing, in triple exponential smoothing models past All Ords 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 All Ords observations.

Predictive Modules for All Ords

There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as All Ords. 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.
LowEstimated ValueHigh
LowReal ValueHigh
Band Projection (param)
LowerMiddle BandUpper

Other Forecasting Options for All Ords

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All Ords Technical and Predictive Analytics

All Ords Market Strength Events

Volatility Measures

All Ords Risk Indicators

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Check out fundamental analysis of All Ords to check your projections. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.
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