Boule Diagnostics Stock Forward View - Double Exponential Smoothing
| BOUL Stock | SEK 4.02 0.05 1.26% |
Boule Diagnostics AB's Double Exponential Smoothing forecast reference data is generated from the equity's historical trading prices. This page presents the model output and associated accuracy measures as reference information.
The Double Exponential Smoothing forecasted value of Boule Diagnostics AB on the next trading day is expected to be 4.02 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 8.83.When Boule Diagnostics AB 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 Boule Diagnostics AB 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 Boule Diagnostics observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing projections for Boule Diagnostics AB are reference data based on historical daily prices and are provided as informational context. Double Exponential Smoothing Price Forecast For the 20th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Boule Diagnostics AB on the next trading day is expected to be 4.02 with a mean absolute deviation of 0.15 , mean absolute percentage error of 0.04 , and the sum of the absolute errors of 8.83 .Please note that although there have been many attempts to predict Boule 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 Boule Diagnostics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Boule Diagnostics | Boule Diagnostics Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Boule Diagnostics AB focuses on identifying predictive downside and upside bands that can frame a realistic trading range. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
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 Boule Diagnostics stock data series using in forecasting. Note that when a statistical model is used to represent Boule Diagnostics 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 | -0.0285 |
| MAD | Mean absolute deviation | 0.1471 |
| MAPE | Mean absolute percentage error | 0.0303 |
| SAE | Sum of the absolute errors | 8.8251 |
Other Forecasting Options for Boule Diagnostics
The price trajectory of Boule is the primary concern for any investor assessing it as an opportunity. Boule Stock price charts are filled with noise that can easily mislead uninformed investment decisions.Boule Diagnostics Related Equities
The following equities are related to Boule Diagnostics within the Health Care space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Boule Diagnostics against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Boule Diagnostics Market Strength Events
Understanding the market strength of Boule Diagnostics stock enables investors to assess the security's momentum and responsiveness to broader market forces. These indicators are essential tools for timing trades in Boule Diagnostics AB with greater precision.
Boule Diagnostics Risk Indicators
Reviewing Boule Diagnostics' basic risk indicators is essential for investors who want to forecast its price and manage their investment risk effectively. This analysis helps identify the amount of risk involved in holding Boule Diagnostics' and informs decisions about hedging and position.
| Mean Deviation | 2.67 | |||
| Standard Deviation | 3.45 | |||
| Variance | 11.92 |
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 Boule Diagnostics
Coverage intensity for Boule Diagnostics AB matters because narrative visibility can influence sentiment, participation, and volatility around the name. A disciplined read of coverage helps investors separate durable relevance from temporary noise.
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Boule Diagnostics Short Properties
Short sentiment tied to Boule Diagnostics AB matters because heavier bearish pressure can change how quickly future price expectations become unstable. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 38.2 M |
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