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Altaba Stock Forecast - Double Exponential Smoothing

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AABA -- USA Stock  

Last Earning Anouncement Date: June 30, 2016  

Investors can use this prediction interface to forecast Altaba historic stock prices and determine the direction of Altaba future trends based on various well-known forecasting models. However, looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Altaba historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Altaba systematic risks associated with finding meaningful patterns of Altaba fundamentals over time. Please continue to Trending Equities.
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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 Altaba works best with periods where there are trends or seasonality.
Given 30 days horizon, the value of Altaba on the next trading day is expected to be 19.63

Altaba Stock Forecast Pattern

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Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0
MAPEMean absolute percentage error0.0
SAESum of the absolute errors0.0
When Altaba 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 Altaba 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 Altaba observations are given relatively more weight in forecasting than the older observations.

Current Sentiment - AABA

Altaba Investor Sentiment

Most of Macroaxis users are presently bullish on Altaba. What is your sentiment towards investing in Altaba? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Altaba Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Altaba and KKR Co 6. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
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