908 Devices Stock Forward View - Double Exponential Smoothing
| MASS Stock | USD 6.32 0.05 0.80% |
The Double Exponential Smoothing forecast shown here for 908 Devices is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Double Exponential Smoothing forecasted value of 908 Devices on the next trading day is expected to be 6.31 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 10.35.When 908 Devices 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 908 Devices 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 908 Devices observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for 908 Devices presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 26th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of 908 Devices on the next trading day is expected to be 6.31 with a mean absolute deviation of 0.18 , mean absolute percentage error of 0.06 , and the sum of the absolute errors of 10.35 .Please note that although there have been many attempts to predict 908 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 908 Devices' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest 908 Devices | 908 Devices Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates 908 Devices' predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 2.45 and upside near 10.18.
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 908 Devices stock data series using in forecasting. Note that when a statistical model is used to represent 908 Devices 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 | -0.0301 |
| MAD | Mean absolute deviation | 0.1754 |
| MAPE | Mean absolute percentage error | 0.0276 |
| SAE | Sum of the absolute errors | 10.3482 |
Other Forecasting Options for 908 Devices
The distribution of 908 Devices' daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in 908 Devices' chart that simple price charts miss.908 Devices Related Equities
These stocks are related to 908 Devices within the Health Care space and can be used for peer review, pricing, or spreading risk. Return on equity across these peers shows how well each firm turns capital into profit.
| Risk & Return | Correlation |
908 Devices Market Strength Events
Market strength indicators for 908 Devices give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in 908 Devices.
| Accumulation Distribution | 9035.43 | |||
| Daily Balance Of Power | 0.1667 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 6.37 | |||
| Day Typical Price | 6.35 | |||
| Price Action Indicator | -0.03 | |||
| Period Momentum Indicator | 0.05 |
908 Devices Risk Indicators
A thorough review of 908 Devices' risk indicators is an important first step in forecasting its price. Quantifying the risk involved in 908 Devices' allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 2.67 | |||
| Semi Deviation | 2.74 | |||
| Standard Deviation | 3.86 | |||
| Variance | 14.92 | |||
| Downside Variance | 9.02 | |||
| Semi Variance | 7.52 | |||
| Expected Short fall | -3.04 |
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 908 Devices
A coverage review of 908 Devices 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.
Contributor Headline
Latest Perspective From Macroaxis
908 Devices Short Properties
Short sentiment tied to 908 Devices 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 | 38.9 M | |
| Cash And Short Term Investments | 113 M |
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