BrightView Holdings Stock Forward View - Triple Exponential Smoothing
| BV Stock | USD 11.40 -0.34 -2.90% |
This reference view applies Triple Exponential Smoothing to BrightView Holdings's historical closing prices. BrightView Holdings's Triple Exponential Smoothing reference page summarizes the forecasted price and model accuracy metrics from daily trading data.
The Triple Exponential Smoothing forecasted value of BrightView Holdings on the next trading day is expected to be 11.31 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 13.28.As with simple exponential smoothing, in triple exponential smoothing models past BrightView Holdings 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 BrightView Holdings observations. All forecast values on this page for BrightView Holdings are Triple Exponential Smoothing reference data derived from historical price series. Triple Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of BrightView Holdings on the next trading day is expected to be 11.31 with a mean absolute deviation of 0.23 , mean absolute percentage error of 0.09 , and the sum of the absolute errors of 13.28 .Please note that although there have been many attempts to predict BrightView 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 BrightView Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest BrightView Holdings | BrightView Holdings Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates BrightView Holdings' predictive range by looking for statistically meaningful downside and upside boundaries. 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of BrightView Holdings stock data series using in forecasting. Note that when a statistical model is used to represent BrightView Holdings 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 | 0.0583 |
| MAD | Mean absolute deviation | 0.2252 |
| MAPE | Mean absolute percentage error | 0.0173 |
| SAE | Sum of the absolute errors | 13.284 |
Other Forecasting Options for BrightView Holdings
Volume-weighted price analysis for BrightView Stock gives heavier weight to price levels where trading activity was highest. Crossovers in the MACD line and signal line can identify shifts in BrightView momentum before they appear in raw price.BrightView Holdings Related Equities
These stocks within the Industrials space are often compared to BrightView Holdings by analysts and fund managers in the sector. Checking cash flow across this peer set helps gauge BrightView Holdings' relative financial strength. 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 |
BrightView Holdings Market Strength Events
Evaluating the market strength of BrightView Holdings stock allows investors to gauge shifts in market momentum. By monitoring these indicators, investors can identify the most opportune moments to trade BrightView Holdings.
BrightView Holdings Risk Indicators
Understanding BrightView Holdings' risk indicators is essential for any investor seeking to forecast its future price accurately. By identifying how much risk is embedded in BrightView Holdings' investment, investors can decide how to position their exposure.
| Mean Deviation | 1.55 | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.68 |
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 BrightView Holdings
A coverage review of BrightView Holdings shows when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage separates durable relevance from temporary noise.
Contributor Headline
Latest Perspective From Macroaxis
BrightView Holdings Short Properties
Short sentiment tied to BrightView Holdings 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 | 97.7 M | |
| Cash And Short Term Investments | 74.5 M |
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