Hammond Power Stock Forward View - Double Exponential Smoothing
| HPS-A Stock | CAD 197.67 23.83 13.71% |
The Double Exponential Smoothing forecast reference data for Hammond Power Solutions is based on the equity's recent trading history. Forecast values and accuracy indicators are summarized on this page for reference. This reference information is provided for analytical context.
The Double Exponential Smoothing forecasted value of Hammond Power Solutions on the next trading day is expected to be 196.21 with a mean absolute deviation of 4.28 and the sum of the absolute errors of 252.30.When Hammond Power Solutions 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 Hammond Power Solutions 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 Hammond Power observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing projections for Hammond Power Solutions are reference data based on historical daily prices and are provided as informational context. Double Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Hammond Power Solutions on the next trading day is expected to be 196.21 with a mean absolute deviation of 4.28 , mean absolute percentage error of 33.08 , and the sum of the absolute errors of 252.30 .Please note that although there have been many attempts to predict Hammond 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 Hammond Power's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Hammond Power | Hammond Power Price Prediction | Research Analysis |
Forecasted Value
Forecasting Hammond Power Solutions for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The projected forecast band currently runs from roughly 193.01 on the downside to about 199.42 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 Hammond Power stock data series using in forecasting. Note that when a statistical model is used to represent Hammond Power 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 | -0.8425 |
| MAD | Mean absolute deviation | 4.2763 |
| MAPE | Mean absolute percentage error | 0.0229 |
| SAE | Sum of the absolute errors | 252.2993 |
Other Forecasting Options for Hammond Power
Volatility clustering is a well-documented feature of Hammond Stock price data where periods of large moves tend to follow other large moves. When Hammond Power's RSI reaches extreme levels, it often precedes a short-term price correction or consolidation. Seasonal patterns in Hammond Power's returns can persist when driven by structural factors like earnings calendars or index rebalancing.Hammond Power Related Equities
These stocks within the Industrials space are often compared to Hammond Power by analysts and fund managers in the sector. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across Hammond Power's peer group. Peer pricing works best when the firms compared share similar business models and end markets. Peer review is one of the most widely used methods in stock research and portfolio building.
| Risk & Return | Correlation |
Hammond Power Market Strength Events
Analyzing market strength indicators for Hammond Power enables investors to understand relative stock momentum. These tools help identify favorable windows for position changes in Hammond Power Solutions. Market strength indicators support more precise timing of Hammond Power Solutions positions across market cycles.
Hammond Power Risk Indicators
Identifying and analyzing Hammond Power's key risk indicators is a foundational step in projecting how its price may evolve. This process involves measuring the level of investment risk in Hammond Power's and determining how best to manage it. Studying Hammond Power's risk indicators helps investors understand the risk level of hammond stock.
| Mean Deviation | 2.29 | |||
| Semi Deviation | 2.45 | |||
| Standard Deviation | 3.19 | |||
| Variance | 10.17 | |||
| Downside Variance | 7.19 | |||
| Semi Variance | 6.0 | |||
| Expected Short fall | -2.65 |
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 Hammond Power
The amount of media and story coverage tied to Hammond Power Solutions can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
Story Categories
Currently Trending Categories
Hammond Power Short Properties
Short-interest signals around Hammond Power Solutions 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 | 11.9 M | |
| Cash And Short Term Investments | 40.9 M |
Additional Tools for Hammond Stock Analysis
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |