Cable One Stock Forward View - Double Exponential Smoothing
| CABO Stock | USD 95.11 -11.89 -11.11% |
Cable One's Double Exponential Smoothing reference data is generated by applying the model to available daily closing prices. The projected values and error metrics are presented below as reference information.
The Double Exponential Smoothing forecasted value of Cable One on the next trading day is expected to be 95.18 with a mean absolute deviation of 4.03 and the sum of the absolute errors of 237.65.When Cable One 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 Cable One 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 Cable One observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing reference values for Cable One are derived from publicly available price data and should be used for informational purposes only. Double Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Cable One on the next trading day is expected to be 95.18 with a mean absolute deviation of 4.03 , mean absolute percentage error of 28.51 , and the sum of the absolute errors of 237.65 .Please note that although there have been many attempts to predict Cable 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 Cable One's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Cable One | Cable One Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Cable One focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 90.26 and upside near 100.10.
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 Cable One stock data series using in forecasting. Note that when a statistical model is used to represent Cable One 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 | -0.4871 |
| MAD | Mean absolute deviation | 4.028 |
| MAPE | Mean absolute percentage error | 0.0398 |
| SAE | Sum of the absolute errors | 237.6538 |
Other Forecasting Options for Cable One
For investors of all experience levels considering Cable, understanding Cable One's price movement is fundamental to making sound investment decisions. Cable Stock price charts contain significant noise that can obscure meaningful trends.Cable One Related Equities
The following equities are related to Cable One within the Communication Services space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Cable One 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 |
Cable One Market Strength Events
Market strength indicators for Cable One stock provide investors with a framework for assessing how the security responds to changing market conditions. These indicators help determine optimal entry and exit points for trading Cable One.
| Accumulation Distribution | 24439.63 | |||
| Daily Balance Of Power | -0.86 | |||
| Rate Of Daily Change | 0.89 | |||
| Day Median Price | 100.8 | |||
| Day Typical Price | 98.9 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | -11.63 | |||
| Period Momentum Indicator | -11.89 | |||
| Relative Strength Index | 43.26 |
Cable One Risk Indicators
Assessing Cable One's risk indicators is a critical component of any rigorous approach to forecasting its future price. Understanding the risk involved in holding Cable One's allows investors to make an informed decision about whether to accept or mitigate that exposure.
| Mean Deviation | 3.66 | |||
| Standard Deviation | 4.77 | |||
| Variance | 22.78 |
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 Cable One
Story coverage around Cable One often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Cable One Short Properties
Short-interest signals around Cable One can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 5.6 M | |
| Cash And Short Term Investments | 152.8 M |