Enerpac Tool Stock Forward View - Triple Exponential Smoothing
| EPAC Stock | USD 37.34 0.59 1.61% |
This reference page presents Triple Exponential Smoothing forecast data for Enerpac Tool Group. The projected values and error metrics are presented below as reference information.
The Triple Exponential Smoothing forecasted value of Enerpac Tool Group on the next trading day is expected to be 37.25 with a mean absolute deviation of 0.58 and the sum of the absolute errors of 34.21.As with simple exponential smoothing, in triple exponential smoothing models past Enerpac Tool 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 Enerpac Tool Group observations. This Triple Exponential Smoothing forecast data for Enerpac Tool Group is sourced from the most recent available trading data and is intended solely as reference information. Triple Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Enerpac Tool Group on the next trading day is expected to be 37.25 with a mean absolute deviation of 0.58 , mean absolute percentage error of 0.52 , and the sum of the absolute errors of 34.21 .Please note that although there have been many attempts to predict Enerpac 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 Enerpac Tool's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Enerpac Tool | Enerpac Tool Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Enerpac Tool Group focuses on identifying predictive downside and upside bands that can frame a realistic trading range. 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Enerpac Tool stock data series using in forecasting. Note that when a statistical model is used to represent Enerpac Tool 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 | 0.105 |
| MAD | Mean absolute deviation | 0.5799 |
| MAPE | Mean absolute percentage error | 0.0145 |
| SAE | Sum of the absolute errors | 34.2113 |
Other Forecasting Options for Enerpac Tool
Enerpac Tool's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Enerpac often signals an upcoming reversal or acceleration.Enerpac Tool Related Equities
Sizing up Enerpac Tool against these stocks within the Industrials space shows how it compares on key financial measures. Growth rate gaps between Enerpac Tool and its peers often explain pricing differences in the market. How Enerpac Tool ranks within this group can shift over time as the competitive picture changes.
| Risk & Return | Correlation |
Enerpac Tool Market Strength Events
Market strength indicators help investors evaluate how Enerpac Tool stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Enerpac Tool Group.
Enerpac Tool Risk Indicators
The analysis of Enerpac Tool's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Enerpac Tool's allows investors to make informed decisions about their exposure.
| Mean Deviation | 1.53 | |||
| Standard Deviation | 2.14 | |||
| Variance | 4.6 |
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 Enerpac Tool
Coverage intensity for Enerpac Tool Group matters because narrative visibility can influence sentiment, participation, and volatility around the name. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Enerpac Tool Short Properties
A short-interest review of Enerpac Tool Group provides context for understanding whether skepticism in the market is becoming more influential. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 54.5 M | |
| Cash And Short Term Investments | 151.6 M |