Petrochemical Stock Forecast - Double Exponential Smoothing

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 Petrochemical works best with periods where there are trends or seasonality.

Petrochemical Double Exponential Smoothing Price Forecast For the 26th of April

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Petrochemical on the next trading day is expected to be 293.10 with a mean absolute deviation of 5.76, mean absolute percentage error of 56.37, and the sum of the absolute errors of 345.84.

Petrochemical Stock Forecast Pattern

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Petrochemical Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Petrochemical stock data series using in forecasting. Note that when a statistical model is used to represent Petrochemical 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. When Petrochemical 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 Petrochemical 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 Petrochemical observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Petrochemical

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Petrochemical. 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 Low Estimated High 282.87 285.20 287.53 Details

Intrinsic Valuation Low Real High 241.96 244.29 313.72 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Petrochemical. Your research has to be compared to or analyzed against Petrochemical's peers to derive any actionable benefits. When done correctly, Petrochemical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Petrochemical.

Other Forecasting Options for Petrochemical

For every potential investor in Petrochemical, whether a beginner or expert, Petrochemical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Petrochemical Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Petrochemical. Basic forecasting techniques help filter out the noise by identifying Petrochemical's price trends.

Petrochemical Related Equities

Risk & Return

Correlation

Petrochemical Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Petrochemical's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Petrochemical's current price.

Petrochemical Market Strength Events

Petrochemical Risk Indicators

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Petrochemical using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

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Technical Analysis Details

Please note, there is a significant difference between Petrochemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Petrochemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Petrochemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.