Leons Furniture Stock Forward View - Triple Exponential Smoothing
| LNF Stock | CAD 25.54 0.16 0.63% |
This page provides Triple Exponential Smoothing reference data for Leons Furniture Limited, calculated from historical daily prices. The forecast output and associated deviation metrics are shown for informational use.
The Triple Exponential Smoothing forecasted value of Leons Furniture Limited on the next trading day is expected to be 25.39 with a mean absolute deviation of 0.30 and the sum of the absolute errors of 17.79.As with simple exponential smoothing, in triple exponential smoothing models past Leons Furniture 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 Leons Furniture Limited observations. Leons Furniture's Triple Exponential Smoothing reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Triple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Leons Furniture Limited on the next trading day is expected to be 25.39 with a mean absolute deviation of 0.30 , mean absolute percentage error of 0.17 , and the sum of the absolute errors of 17.79 .Please note that although there have been many attempts to predict Leons 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 Leons Furniture's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Leons Furniture | Leons Furniture Price Prediction | Research Analysis |
Forecasted Value
Forecasting Leons Furniture Limited for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. Investors should still remember that no empirical framework consistently proves that one family of forecasting models will outperform all other approaches in live markets.
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 Leons Furniture stock data series using in forecasting. Note that when a statistical model is used to represent Leons Furniture 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 | 0.0741 |
| MAD | Mean absolute deviation | 0.3015 |
| MAPE | Mean absolute percentage error | 0.0111 |
| SAE | Sum of the absolute errors | 17.7901 |
Other Forecasting Options for Leons Furniture
The price movement of Leons is a central concern for all potential investors, regardless of their level of expertise. Leons Stock price charts can be difficult to interpret due to the noise present in the data.Leons Furniture Related Equities
The following equities are related to Leons Furniture within the Consumer Discretionary space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Leons Furniture 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 |
Leons Furniture Market Strength Events
Market strength indicators applied to Leons Furniture stock help investors assess the relative momentum and resilience of the security in different market environments. By using these indicators, traders can make more informed decisions about when to buy or sell Leons Furniture Limited.
| Accumulation Distribution | 6121.73 | |||
| Daily Balance Of Power | 0.2963 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 25.27 | |||
| Day Typical Price | 25.36 | |||
| Price Action Indicator | 0.35 | |||
| Period Momentum Indicator | 0.16 |
Leons Furniture Risk Indicators
Risk indicator analysis for Leons Furniture is essential for accurately projecting its future price trajectory. By identifying the level of risk embedded in Leons Furniture's investment, investors can make informed decisions about position sizing and risk mitigation.
| Mean Deviation | 0.9908 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.14 |
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 Leons Furniture
Coverage intensity for Leons Furniture Limited matters because narrative visibility can influence sentiment, participation, and volatility around the name. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Leons Furniture Short Properties
Short sentiment tied to Leons Furniture Limited matters because heavier bearish pressure can change how quickly future price expectations become unstable. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 68.7 M | |
| Cash And Short Term Investments | 415.4 M |
More Resources for Leons Stock Analysis
Other Information on Investing in Leons Stock
The ratio set for Leons Furniture connects key financial figures across reports. This helps frame how profit and cash flow relate to overall value. The structure supports consistent evaluation across periods.