JLT Mobile Stock Forward View - Double Exponential Smoothing
| JLT Stock | SEK 1.51 0.02 1.34% |
The Double Exponential Smoothing forecast reference data for JLT Mobile Computers 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 JLT Mobile Computers on the next trading day is expected to be 1.51 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 3.15.When JLT Mobile Computers 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 JLT Mobile Computers 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 JLT Mobile observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing projections for JLT Mobile Computers are reference data based on historical daily prices and are provided as informational context. Double Exponential Smoothing Price Forecast For the 28th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of JLT Mobile Computers on the next trading day is expected to be 1.51 with a mean absolute deviation of 0.05 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 3.15 .Please note that although there have been many attempts to predict JLT 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 JLT Mobile's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest JLT Mobile | JLT Mobile Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for JLT Mobile Computers 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of JLT Mobile stock data series using in forecasting. Note that when a statistical model is used to represent JLT Mobile 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 | 0.0099 |
| MAD | Mean absolute deviation | 0.0525 |
| MAPE | Mean absolute percentage error | 0.03 |
| SAE | Sum of the absolute errors | 3.1501 |
Other Forecasting Options for JLT Mobile
Volatility clustering is a well-documented feature of JLT Stock price data where periods of large moves tend to follow other large moves. When JLT Mobile's RSI reaches extreme levels, it often precedes a short-term price correction or consolidation. Seasonal patterns in JLT Mobile's returns can persist when driven by structural factors like earnings calendars or index rebalancing.JLT Mobile Related Equities
Investors studying JLT Mobile often look at related stocks within the Computer Systems space to gauge pricing and results. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across JLT Mobile's peer group. When JLT Mobile breaks from its peer group on a key metric, it often signals a firm-level change worth exploring.
| Risk & Return | Correlation |
JLT Mobile Market Strength Events
Analyzing market strength indicators for JLT Mobile enables investors to understand relative stock momentum. These tools help identify favorable windows for position changes in JLT Mobile Computers. Market strength indicators support more precise timing of JLT Mobile Computers positions across market cycles.
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 1.51 | |||
| Day Typical Price | 1.51 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 | |||
| Relative Strength Index | 53.25 |
JLT Mobile Risk Indicators
Identifying and analyzing JLT Mobile'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 JLT Mobile's and determining how best to manage it. Studying JLT Mobile's risk indicators helps investors understand the risk level of jlt stock.
| Mean Deviation | 2.39 | |||
| Standard Deviation | 3.47 | |||
| Variance | 12.04 |
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 JLT Mobile
Coverage intensity for JLT Mobile Computers matters because narrative visibility can influence sentiment, participation, and volatility around the name. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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.
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JLT Mobile Short Properties
A short-interest review of JLT Mobile Computers provides context for understanding whether skepticism in the market is becoming more influential. 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 | 107.5 M | |
| Cash And Short Term Investments | 40.1 M |
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