Smart Share Stock Forward View - Double Exponential Smoothing
| EM Stock | USD 1.14 0.01 0.88% |
This page documents Double Exponential Smoothing forecast output for Smart Share Global as reference data. The model is applied to historical closing prices and the resulting projection and error statistics are shown below.
The Double Exponential Smoothing forecasted value of Smart Share Global on the next trading day is expected to be 1.14 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.49.When Smart Share Global 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 Smart Share Global 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 Smart Share observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing reference information for Smart Share is based on available price data and is intended for informational purposes. Double Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Smart Share Global on the next trading day is expected to be 1.14 with a mean absolute deviation of 0.01 , mean absolute percentage error of 0.0001 , and the sum of the absolute errors of 0.49 .Please note that although there have been many attempts to predict Smart 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 Smart Share's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
Forecasting Smart Share Global for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. 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 Smart Share stock data series using in forecasting. Note that when a statistical model is used to represent Smart Share 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 | 0.0014 |
| MAD | Mean absolute deviation | 0.0084 |
| MAPE | Mean absolute percentage error | 0.0072 |
| SAE | Sum of the absolute errors | 0.4929 |
Other Forecasting Options for Smart Share
Any investor evaluating Smart must grapple with the challenge of interpreting Smart Share's price movement accurately. Smart Stock price charts typically contain substantial noise that can complicate analysis and lead to poor decisions.Smart Share Related Equities
The following equities are related to Smart Share within the Consumer Discretionary space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Smart Share 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 |
Smart Share Market Strength Events
Market strength indicators for Smart Share assess how the stock responds to ongoing changes in market conditions and investor sentiment. By monitoring these indicators, investors can identify the most opportune moments to trade Smart Share Global.
Smart Share Risk Indicators
Risk indicator analysis for Smart Share is a critical component of accurate price forecasting and sound investment decision-making. By identifying how much risk is embedded in Smart Share's investment, investors can decide how to position and protect their exposure.
| Mean Deviation | 0.8488 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.85 |
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 Smart Share
The amount of media and story coverage tied to Smart Share Global can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
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Smart Share Short Properties
Reviewing short-oriented indicators for Smart Share Global is useful because long and short participants often create very different signals for timing and volatility. 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 | 127.8 M | |
| Cash And Short Term Investments | 2.9 B |