Esquire Financial Stock Forward View - Double Exponential Smoothing
| ESQ Stock | USD 105.47 -0.68 -0.64% |
This page provides reference data for Esquire Financial using Double Exponential Smoothing forecasting. The projected value and error metrics are calculated from available daily price observations.
The Double Exponential Smoothing forecasted value of Esquire Financial Holdings on the next trading day is expected to be 104.75 with a mean absolute deviation of 2.07 and the sum of the absolute errors of 122.25.When Esquire Financial 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 Esquire Financial 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 Esquire Financial observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for Esquire Financial presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Esquire Financial Holdings on the next trading day is expected to be 104.75 with a mean absolute deviation of 2.07 , mean absolute percentage error of 7.16 , and the sum of the absolute errors of 122.25 .Please note that although there have been many attempts to predict Esquire 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 Esquire Financial'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
This next-day forecast for Esquire Financial Holdings uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The projected forecast band currently runs from roughly 102.34 on the downside to about 107.16 on the upside.
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 Esquire Financial stock data series using in forecasting. Note that when a statistical model is used to represent Esquire Financial 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 | -0.7195 |
| MAD | Mean absolute deviation | 2.072 |
| MAPE | Mean absolute percentage error | 0.0193 |
| SAE | Sum of the absolute errors | 122.25 |
Other Forecasting Options for Esquire Financial
For investors considering Esquire, Esquire Financial's price movement is the most direct driver of investment returns. Noise in Esquire Stock price charts can make identifying meaningful trends difficult without dedicated analytical tools.Esquire Financial Related Equities
The following equities are related to Esquire Financial within the Financials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Esquire Financial 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 |
Esquire Financial Market Strength Events
Market strength indicators for Esquire Financial provide investors with a view of how the stock performs across different market environments. By analyzing these indicators, traders can determine the best moments to enter or exit positions in Esquire Financial Holdings.
| Accumulation Distribution | 2927.81 | |||
| Daily Balance Of Power | -0.30 | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 105.88 | |||
| Day Typical Price | 105.74 | |||
| Price Action Indicator | -0.75 | |||
| Period Momentum Indicator | -0.68 | |||
| Relative Strength Index | 49.48 |
Esquire Financial Risk Indicators
A structured analysis of Esquire Financial's risk indicators is one of the most reliable ways to improve the accuracy of price forecasts. Understanding the risk embedded in Esquire Financial's allows investors to decide whether to accept, reduce, or hedge their exposure.
| Mean Deviation | 1.84 | |||
| Semi Deviation | 2.06 | |||
| Standard Deviation | 2.34 | |||
| Variance | 5.49 | |||
| Downside Variance | 4.37 | |||
| Semi Variance | 4.23 | |||
| Expected Short fall | -2.03 |
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 Esquire Financial
The amount of media and story coverage tied to Esquire Financial Holdings can signal where market attention is concentrating at the moment. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Esquire Financial Short Properties
Reviewing short-oriented indicators for Esquire Financial Holdings is useful because long and short participants often create very different signals for timing and volatility. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 8.7 M | |
| Cash And Short Term Investments | 482.4 M |
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