El Al Pink Sheet Forward View - Double Exponential Smoothing
| ELALF Stock | USD 5.98 1.78 42.38% |
This reference view applies Double Exponential Smoothing to El Al Israel's historical closing prices. El Al Israel's Double Exponential Smoothing reference page summarizes the forecasted price and model accuracy metrics from daily trading data. El Al Israel's forecast reference data is generated from the equity's historical trading prices. Mean absolute deviation and related metrics help quantify forecast uncertainty for El Al Israel.
The Double Exponential Smoothing forecasted value of El Al Israel on the next trading day is expected to be 5.98 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 8.93.When El Al Israel 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 El Al Israel 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 El Al observations are given relatively more weight in forecasting than the older observations. All forecast values on this page for El Al Israel are Double Exponential Smoothing reference data derived from historical price series. Double Exponential Smoothing Price Forecast For the 26th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of El Al Israel on the next trading day is expected to be 5.98 with a mean absolute deviation of 0.15 , mean absolute percentage error of 0.13 , and the sum of the absolute errors of 8.93 .Please note that although there have been many attempts to predict ELALF Pink Sheet 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 El Al's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates El Al's predictive range by looking for statistically meaningful downside and upside boundaries. 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 El Al pink sheet data series using in forecasting. Note that when a statistical model is used to represent El Al pink sheet, 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 | -0.0188 |
| MAD | Mean absolute deviation | 0.1514 |
| MAPE | Mean absolute percentage error | 0.0298 |
| SAE | Sum of the absolute errors | 8.93 |
Other Forecasting Options for El Al
Volume-weighted price analysis for ELALF Pink Sheet gives heavier weight to price levels where trading activity was highest. Crossovers in the MACD line and signal line can identify shifts in ELALF momentum before they appear in raw price. Comparing El Al's realized volatility to implied volatility reveals whether the options market expects larger or smaller moves. Readings above 80 or below 20 highlight potential reversal zones in ELALF Pink Sheet price action.El Al Related Equities
These firms work in a similar space as El Al within the Airlines space and serve as useful points for comparison. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across El Al's peer group. A stock that beats its peers on many metrics often deserves a closer look from value-focused investors. Combining quantitative ratios with qualitative context such as management quality and market position sharpens peer comparisons.
| Risk & Return | Correlation |
El Al Market Strength Events
Evaluating the market strength of El Al pink sheet allows investors to gauge shifts in market momentum. Monitoring these indicators highlights periods where El Al Israel trading conditions shift meaningfully. These metrics are particularly useful when El Al pink sheet shows divergence from broader market trends. Regularly reviewing El Al Israel strength signals helps maintain a structured approach to position management.
| Rate Of Daily Change | 1.42 | |||
| Day Median Price | 5.98 | |||
| Day Typical Price | 5.98 | |||
| Price Action Indicator | 0.89 | |||
| Period Momentum Indicator | 1.78 |
El Al Risk Indicators
Understanding El Al's risk indicators is essential for any investor seeking to forecast its future price accurately. By identifying how much risk is embedded in El Al's investment, investors can decide how to position their exposure. Reviewing El Al's basic risk indicators is essential for managing investment risk effectively. The risk-return trade-off for elalf pink sheet becomes clearer when El Al's risk indicators are properly assessed.
| Mean Deviation | 3.28 | |||
| Semi Deviation | 4.09 | |||
| Standard Deviation | 7.48 | |||
| Variance | 55.95 | |||
| Downside Variance | 103.97 | |||
| Semi Variance | 16.76 | |||
| Expected Short fall | -10.41 |
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 El Al
A coverage review of El Al Israel shows when the security is attracting above-average attention from contributors and market observers. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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Other Information on Investing in ELALF Pink Sheet
These ratios describe connections between financial data points for El Al. The structure keeps comparisons consistent across reporting periods.