RALCO AGENCIES Stock Forecast - Double Exponential Smoothing

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RLCO -- Israel Stock  

ILA 1,920  10.00  0.52%

RALCO AGENCIES Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast RALCO AGENCIES historical stock prices and determine the direction of RALCO AGENCIES'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 RALCO AGENCIES historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, take a look at Your Equity Center.

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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 RALCO AGENCIES works best with periods where there are trends or seasonality.

RALCO AGENCIES Double Exponential Smoothing Price Forecast For the 6th of July

Given 30 days horizon, the forecasted value of RALCO AGENCIES on the next trading day is expected to be  1,918  with a mean absolute deviation of  66.92 , mean absolute percentage error of  10,303 , and the sum of the absolute errors of  3,948 
 1,918 

RALCO AGENCIES Stock Forecast Pattern

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Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors 4.5873
MADMean absolute deviation66.9186
MAPEMean absolute percentage error0.0344
SAESum of the absolute errors3948.1975
When RALCO AGENCIES 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 RALCO AGENCIES 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 RALCO AGENCIES observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for RALCO AGENCIES

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RALCO AGENCIES. 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
LowEstimated ValueHigh
1,9201,9201,920
Details
Intrinsic
Valuation
LowReal ValueHigh
1,6581,6582,112
Details

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Volatility Measures

RALCO AGENCIES Risk Indicators

Current Sentiment - RLCO

RALCO AGENCIES Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in RALCO AGENCIES. What is your perspective on investing in RALCO AGENCIES? Are you bullish or bearish?
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