Powercell Sweden Stock Forward View - Double Exponential Smoothing
| PCELL Stock | SEK 18.42 1.66 9.90% |
The Double Exponential Smoothing forecast shown here for Powercell Sweden 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 Powercell Sweden on the next trading day is expected to be 18.31 with a mean absolute deviation of 0.93 and the sum of the absolute errors of 55.04.When Powercell Sweden 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 Powercell Sweden 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 Powercell Sweden observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for Powercell Sweden presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Powercell Sweden on the next trading day is expected to be 18.31 with a mean absolute deviation of 0.93 , mean absolute percentage error of 1.78 , and the sum of the absolute errors of 55.04 .Please note that although there have been many attempts to predict Powercell 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 Powercell Sweden's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Powercell Sweden | Powercell Sweden Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Powercell Sweden uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 12.89 and upside near 23.74.
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 Powercell Sweden stock data series using in forecasting. Note that when a statistical model is used to represent Powercell Sweden 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 | -0.2401 |
| MAD | Mean absolute deviation | 0.9329 |
| MAPE | Mean absolute percentage error | 0.0424 |
| SAE | Sum of the absolute errors | 55.0394 |
Other Forecasting Options for Powercell Sweden
The distribution of Powercell Sweden's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Powercell Sweden's chart that simple price charts miss.Powercell Sweden Related Equities
Powercell Sweden's market space within the Electronic Components space is best grasped by looking at the firms listed below. Return on equity across these peers shows how well each firm turns capital into profit.
| Risk & Return | Correlation |
Powercell Sweden Market Strength Events
Market strength indicators for Powercell Sweden give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Powercell Sweden.
Powercell Sweden Risk Indicators
A thorough review of Powercell Sweden's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Powercell Sweden's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 3.55 | |||
| Standard Deviation | 5.42 | |||
| Variance | 29.43 |
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 Powercell Sweden
Coverage intensity for Powercell Sweden matters because narrative visibility can influence sentiment, participation, and volatility around the name. 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.
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Powercell Sweden Short Properties
Reviewing short-oriented indicators for Powercell Sweden is useful because long and short participants often create very different signals for timing and volatility. 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 | 52.1 M | |
| Cash And Short Term Investments | 332.5 M |
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