Boralex Inc Double Exponential Smoothing

BRLXF -- USA Stock  

USD 16.53  0.00  0.00%

Investors can use this prediction interface to forecast Boralex Inc historic prices and determine the direction of Boralex Inc Cl A 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 Boralex Inc historical fundamentals such as revenue growth or operating cash flow patterns. Check also Historical Fundamental Analysis of Boralex Inc to cross-verify your projections.
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Horizon     30 Days    Login   to change
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 Boralex Inc works best with periods where there are trends or seasonality.
Given 30 days horizon, the value of Boralex Inc Cl A on the next trading day is expected to be 16.53

Boralex Cl A Prediction Pattern

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Boralex Inc Forecasted Value

November 17, 2019
16.53
Market Value
16.53
Expected Value
19.42
Upside

Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.0162
MADMean absolute deviation0.0445
MAPEMean absolute percentage error0.0027
SAESum of the absolute errors2.67
When Boralex Inc Cl A 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 Boralex Inc Cl A 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 Boralex Inc observations are given relatively more weight in forecasting than the older observations.

Volatility Measures

Boralex Inc Risk Indicators

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