My Size Stock Forecast - Triple Exponential Smoothing
| MYSZ Stock | ILS 153.90 15.90 9.36% |
The Triple Exponential Smoothing forecasted value of My Size on the next trading day is expected to be 152.73 with a mean absolute deviation of 8.67 and the sum of the absolute errors of 511.80. MYSZ Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast My Size stock prices and determine the direction of My Size's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of My Size's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. MYSZ |
Most investors in My Size cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the My Size's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets My Size's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for My Size - 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 My Size 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 My Size price movement. However, neither of these exponential smoothing models address any seasonality of My Size. My Size Triple Exponential Smoothing Price Forecast For the 27th of April
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of My Size on the next trading day is expected to be 152.73 with a mean absolute deviation of 8.67, mean absolute percentage error of 133.20, and the sum of the absolute errors of 511.80.Please note that although there have been many attempts to predict MYSZ Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that My Size's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
My Size Stock Forecast Pattern
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Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of My Size stock data series using in forecasting. Note that when a statistical model is used to represent My Size stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -1.5717 |
| MAD | Mean absolute deviation | 8.6745 |
| MAPE | Mean absolute percentage error | 0.0468 |
| SAE | Sum of the absolute errors | 511.7982 |
Predictive Modules for My Size
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as My Size. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of My Size's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
My Size Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with My Size stock to make a market-neutral strategy. Peer analysis of My Size could also be used in its relative valuation, which is a method of valuing My Size by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
My Size Market Strength Events
Market strength indicators help investors to evaluate how My Size stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading My Size shares will generate the highest return on investment. By undertsting and applying My Size stock market strength indicators, traders can identify My Size entry and exit signals to maximize returns.
My Size Risk Indicators
The analysis of My Size's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in My Size's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mysz stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.08 | |||
| Standard Deviation | 5.54 | |||
| Variance | 30.65 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for MYSZ Stock analysis
When running My Size's price analysis, check to measure My Size's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy My Size is operating at the current time. Most of My Size's value examination focuses on studying past and present price action to predict the probability of My Size's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move My Size's price. Additionally, you may evaluate how the addition of My Size to your portfolios can decrease your overall portfolio volatility.
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