Boralex Inc Triple 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
Triple exponential smoothing for Boralex Inc - 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 Boralex Inc 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 Boralex Inc price movement. However, neither of these exponential smoothing models address any seasonality of Boralex Cl A.
Given 30 days horizon, the value of Boralex Inc Cl A on the next trading day is expected to be 16.528352

Boralex Cl A Prediction Pattern

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Boralex Inc Forecasted Value

November 16, 2019
16.53
Market Value
16.53
Expected Value
19.44
Upside

Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors 0.0318
MADMean absolute deviation0.0948
MAPEMean absolute percentage error0.0058
SAESum of the absolute errors5.6888
As with simple exponential smoothing, in triple exponential smoothing models past Boralex Inc 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 Boralex Inc Cl A observations.

Volatility Measures

Boralex Inc Risk Indicators

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