Pro Dex Stock Forecast - Triple Exponential Smoothing

Pro Dex Additional Predictive Modules

Most predictive techniques to examine Pro price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Pro using various technical indicators. When you analyze Pro charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. Triple exponential smoothing for Pro Dex - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Pro Dex 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 trend in Pro Dex price movement. However, neither of these exponential smoothing models address any seasonality of Pro Dex.

Pro Dex Triple Exponential Smoothing Price Forecast For the 29th of January

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Pro Dex on the next trading day is expected to be 39.72 with a mean absolute deviation of 1.36, mean absolute percentage error of 3.56, and the sum of the absolute errors of 80.16.

Pro Dex Stock Forecast Pattern

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Pro Dex Forecasted Value

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 Pro Dex stock data series using in forecasting. Note that when a statistical model is used to represent Pro Dex 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. As with simple exponential smoothing, in triple exponential smoothing models past Pro Dex 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 Pro Dex observations.

Predictive Modules for Pro Dex

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pro Dex. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 35.03 39.42 43.81 Details

Intrinsic Valuation Low Real High 33.72 38.11 42.50 Details

Bollinger Band Projection (param) Low Middle High 37.79 40.44 43.09 Details

Pro Dex After-Hype Price Density Analysis

Pro Dex Estimiated After-Hype Price Volatility

Pro Dex Stock Price Outlook Analysis

Notes

Pro Dex Hype Timeline

Pro Dex is at this time traded for 39.42. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.01. Pro is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.51%. %. The volatility of related hype on Pro Dex is about 23105.26%, with the expected price after the next announcement by competition of 39.43. About 36.0% of the company outstanding shares are owned by corporate insiders. The book value of Pro Dex was at this time reported as 12.73. The company had not issued any dividends in recent years. Pro Dex had 1:3 split on the 18th of June 2010. Given the investment horizon of 90 days the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Pro Dex to cross-verify your projections. For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.

Pro Dex Related Hype Analysis

Other Forecasting Options for Pro Dex

For every potential investor in Pro, whether a beginner or expert, Pro Dex's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pro Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pro. Basic forecasting techniques help filter out the noise by identifying Pro Dex's price trends.

Pro Dex Related Equities

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Correlation

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Story Coverage note for Pro Dex

Pro Dex Short Properties

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