Eversource Energy Stock Forward View - Triple Exponential Smoothing
| ES Stock | USD 67.65 0.98 1.47% |
The Triple Exponential Smoothing forecast shown here for Eversource Energy is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Triple Exponential Smoothing forecasted value of Eversource Energy on the next trading day is expected to be 67.73 with a mean absolute deviation of 0.77 and the sum of the absolute errors of 45.55.As with simple exponential smoothing, in triple exponential smoothing models past Eversource Energy 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 Eversource Energy observations. This Triple Exponential Smoothing reference page for Eversource Energy presents model-generated projections from historical price data for informational purposes. Triple Exponential Smoothing Price Forecast For the 24th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Eversource Energy on the next trading day is expected to be 67.73 with a mean absolute deviation of 0.77 , mean absolute percentage error of 1.13 , and the sum of the absolute errors of 45.55 .Please note that although there have been many attempts to predict Eversource 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 Eversource Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Eversource Energy | Eversource Energy Price Prediction | Research Analysis |
Forecasted Value
Forecasting Eversource Energy 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Eversource Energy stock data series using in forecasting. Note that when a statistical model is used to represent Eversource Energy 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 | 0.0612 |
| MAD | Mean absolute deviation | 0.772 |
| MAPE | Mean absolute percentage error | 0.0111 |
| SAE | Sum of the absolute errors | 45.55 |
Other Forecasting Options for Eversource Energy
The distribution of Eversource Energy's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Eversource Energy's chart that simple price charts miss.Eversource Energy Related Equities
Sizing up Eversource Energy against these stocks within the Utilities space shows how it compares on key financial measures. Return on equity across these peers shows how well each firm turns capital into profit. Finding which peers are closest to Eversource Energy in business model helps sharpen the comparison. This peer set gives the context needed for a well-rounded view of Eversource Energy.
| Risk & Return | Correlation |
Eversource Energy Market Strength Events
Market strength indicators for Eversource Energy give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Eversource Energy.
Eversource Energy Risk Indicators
A thorough review of Eversource Energy's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Eversource Energy's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 1.07 | |||
| Semi Deviation | 1.57 | |||
| Standard Deviation | 1.47 | |||
| Variance | 2.17 | |||
| Downside Variance | 2.55 | |||
| Semi Variance | 2.46 | |||
| Expected Short fall | -1.01 |
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 Eversource Energy
The amount of media and story coverage tied to Eversource Energy 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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Eversource Energy Short Properties
Short-interest signals around Eversource Energy 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 | 371.3 M | |
| Cash And Short Term Investments | 135.4 M |
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