Cannae Holdings Stock Forward View - Double Exponential Smoothing
| CNNE Stock | USD 10.84 -0.24 -2.17% |
This reference page presents Double Exponential Smoothing forecast data for Cannae Holdings. 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 Cannae Holdings on the next trading day is expected to be 10.73 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.13.When Cannae Holdings 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 Cannae Holdings 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 Cannae Holdings observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing forecast data for Cannae Holdings is sourced from the most recent available trading data and is intended solely as reference information. Double Exponential Smoothing Price Forecast For the 24th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Cannae Holdings on the next trading day is expected to be 10.73 with a mean absolute deviation of 0.26 , mean absolute percentage error of 0.10 , and the sum of the absolute errors of 15.13 .Please note that although there have been many attempts to predict Cannae 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 Cannae Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Cannae Holdings | Cannae Holdings Price Prediction | Research Analysis |
Forecasted Value
Forecasting Cannae Holdings for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. At the moment, the model places downside around 8.34 and upside around 13.12 for the forecasting period.
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 Cannae Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Cannae 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 | 0.0548 |
| MAD | Mean absolute deviation | 0.2565 |
| MAPE | Mean absolute percentage error | 0.0193 |
| SAE | Sum of the absolute errors | 15.1349 |
Other Forecasting Options for Cannae Holdings
Cannae Holdings' daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Cannae often signals an upcoming reversal or acceleration. Gap analysis of Cannae Stock data examines overnight jumps between Cannae Holdings' closing and opening prices.Cannae Holdings Related Equities
The stocks listed below are peers of Cannae Holdings within the Financials space and offer context for ranking and strength. Profit comparisons show whether Cannae Holdings earns above or below average returns next to its peers.
| Risk & Return | Correlation |
Cannae Holdings Market Strength Events
Market strength indicators help investors evaluate how Cannae Holdings stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Cannae Holdings. These indicators can identify periods when trading Cannae Holdings may offer more favorable risk-reward conditions.
Cannae Holdings Risk Indicators
The analysis of Cannae Holdings' basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Cannae Holdings' allows investors to make informed decisions about their exposure. The analysis of Cannae Holdings' basic risk metrics provides a foundation for managing investment risk.
| Mean Deviation | 1.74 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.38 |
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 Cannae Holdings
The amount of media and story coverage tied to Cannae Holdings can signal where market attention is concentrating at the moment. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Cannae Holdings Short Properties
Short-interest signals around Cannae Holdings 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 | 56.5 M | |
| Cash And Short Term Investments | 182 M |