Forbo Holding Stock Forward View - Triple Exponential Smoothing
| FORN Stock | CHF 690.00 -31.00 -4.30% |
Forbo Holding's Triple Exponential Smoothing reference data is presented on this page, derived from the application of the forecasting model to historical closing prices. Projected values and accuracy measures are included for reference.
The Triple Exponential Smoothing forecasted value of Forbo Holding AG on the next trading day is expected to be 678.83 with a mean absolute deviation of 10.69 and the sum of the absolute errors of 641.35.As with simple exponential smoothing, in triple exponential smoothing models past Forbo Holding 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 Forbo Holding AG observations. The Triple Exponential Smoothing reference information for Forbo Holding is based on available price data and is intended for informational purposes. Triple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Forbo Holding AG on the next trading day is expected to be 678.83 with a mean absolute deviation of 10.69 , mean absolute percentage error of 214.89 , and the sum of the absolute errors of 641.35 .Please note that although there have been many attempts to predict Forbo 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 Forbo Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Forbo Holding | Forbo Holding Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Forbo Holding AG 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 677.07 on the downside to about 680.58 on the upside.
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 Forbo Holding stock data series using in forecasting. Note that when a statistical model is used to represent Forbo Holding 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 | 2.446 |
| MAD | Mean absolute deviation | 10.6892 |
| MAPE | Mean absolute percentage error | 0.0123 |
| SAE | Sum of the absolute errors | 641.3511 |
Other Forecasting Options for Forbo Holding
For any investor considering Forbo, Forbo Holding's price movement is the central factor in determining investment viability. The noise present in Forbo Stock price charts can distort investment decisions if not properly addressed.Forbo Holding Related Equities
The following equities are related to Forbo Holding within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Forbo Holding 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 |
Forbo Holding Market Strength Events
Market strength indicators for Forbo Holding stock help investors evaluate the security's behavior relative to ongoing market conditions. These tools support better market timing and help identify entry and exit signals for Forbo Holding AG.
Forbo Holding Risk Indicators
The analysis of Forbo Holding's basic risk indicators is a key input for accurate price forecasting and sound investment decisions. Understanding the risk in Forbo Holding's investment allows investors to make informed choices about accepting or mitigating that exposure.
| Mean Deviation | 1.31 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.1 |
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 Forbo Holding
A coverage review of Forbo Holding AG shows when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Forbo Holding Short Properties
Short-interest signals around Forbo Holding AG can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. 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 | 1.4 M | |
| Cash And Short Term Investments | 90.7 M |
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