KIMBALL ELECTRONICS Stock Forward View - Double Exponential Smoothing
| 3C3 Stock | EUR 20.60 0.60 3.00% |
This reference page presents Double Exponential Smoothing forecast data for KIMBALL ELECTRONICS. The projected values and error metrics are presented below as reference information. The output values and deviation metrics are provided for informational reference.
The Double Exponential Smoothing forecasted value of KIMBALL ELECTRONICS on the next trading day is expected to be 20.32 with a mean absolute deviation of 0.63 and the sum of the absolute errors of 36.91.When KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing forecast data for KIMBALL ELECTRONICS is sourced from the most recent available trading data and is intended solely as reference information. Double Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of KIMBALL ELECTRONICS on the next trading day is expected to be 20.32 with a mean absolute deviation of 0.63 , mean absolute percentage error of 1.06 , and the sum of the absolute errors of 36.91 .Please note that although there have been many attempts to predict KIMBALL Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that KIMBALL ELECTRONICS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
The next-day forecast for KIMBALL ELECTRONICS focuses on identifying predictive downside and upside bands that can frame a realistic trading range. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
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 KIMBALL ELECTRONICS stock data series using in forecasting. Note that when a statistical model is used to represent KIMBALL ELECTRONICS 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 | -0.1809 |
| MAD | Mean absolute deviation | 0.6256 |
| MAPE | Mean absolute percentage error | 0.0281 |
| SAE | Sum of the absolute errors | 36.9106 |
Other Forecasting Options for KIMBALL ELECTRONICS
KIMBALL ELECTRONICS's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in KIMBALL often signals an upcoming reversal or acceleration. Gap analysis of KIMBALL Stock data examines overnight jumps between KIMBALL ELECTRONICS's closing and opening prices.KIMBALL ELECTRONICS Related Equities
Sizing up KIMBALL ELECTRONICS against these stocks within the Industrials space shows how it compares on key financial measures. Peer review on balance sheet metrics shows how KIMBALL ELECTRONICS's capital structure stacks up against similar firms. Sector-wide trends across this peer group can help split company-level factors from broader forces. Investors should weigh both financial metrics and softer factors when comparing these firms.
| Risk & Return | Correlation |
KIMBALL ELECTRONICS Market Strength Events
Market strength indicators help investors evaluate how KIMBALL ELECTRONICS stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading KIMBALL ELECTRONICS. These indicators can identify periods when trading KIMBALL ELECTRONICS may offer more favorable risk-reward conditions.
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 20.6 | |||
| Day Typical Price | 20.6 | |||
| Price Action Indicator | 0.3 | |||
| Period Momentum Indicator | 0.6 | |||
| Relative Strength Index | 46.42 |
KIMBALL ELECTRONICS Risk Indicators
The analysis of KIMBALL ELECTRONICS's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding KIMBALL ELECTRONICS's allows investors to make informed decisions about their exposure. The analysis of KIMBALL ELECTRONICS's basic risk metrics provides a foundation for managing investment risk.
| Mean Deviation | 2.56 | |||
| Standard Deviation | 4.3 | |||
| Variance | 18.5 |
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.
Story Coverage note for KIMBALL ELECTRONICS
Story coverage around KIMBALL ELECTRONICS often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
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More Resources for KIMBALL Stock Analysis
A broader look at KIMBALL ELECTRONICS comes from its financial reports and historical data. These indicators describe how financial results are generated.The Historical Fundamental Analysis of KIMBALL ELECTRONICS module adds a historical reference layer for KIMBALL ELECTRONICS's projections. For information on how to trade KIMBALL Stock refer to our How to Invest in KIMBALL ELECTRONICS guide. It explains the process for buying and trading KIMBALL Stock effectively.KIMBALL ELECTRONICS currently shows ROE of 4.32%, market cap of 503.91 Million. Investors get more value from KIMBALL ELECTRONICS analysis when it is combined with the construction and diversification tools listed below. KIMBALL ELECTRONICS analysis across multiple dimensions - risk, valuation, diversification - produces a more informed position-sizing decision. 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.