Quanta Services Stock Forward View - Simple Exponential Smoothing
| PWR Stock | USD 555.39 -22.56 -3.90% |
Quanta Services's Simple Exponential Smoothing reference data is presented on this page, derived from the application of the forecasting model to historical closing prices. Projected values and accuracy measures are included for reference.
The Simple Exponential Smoothing forecasted value of Quanta Services on the next trading day is expected to be 556.45 with a mean absolute deviation of 7.93 and the sum of the absolute errors of 483.64.This simple exponential smoothing model begins by setting Quanta Services forecast for the second period equal to the observation of the first period. In other words, recent Quanta Services observations are given relatively more weight in forecasting than the older observations. The Simple Exponential Smoothing reference information for Quanta Services is based on available price data and is intended for informational purposes. Simple Exponential Smoothing Price Forecast For the 22nd of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Quanta Services on the next trading day is expected to be 556.45 with a mean absolute deviation of 7.93 , mean absolute percentage error of 127.89 , and the sum of the absolute errors of 483.64 .Please note that although there have been many attempts to predict Quanta 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 Quanta Services' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Quanta Services | Quanta Services Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Quanta Services uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The projected forecast band currently runs from roughly 554.14 on the downside to about 558.77 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Quanta Services stock data series using in forecasting. Note that when a statistical model is used to represent Quanta Services 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 | 122.9617 |
| Bias | Arithmetic mean of the errors | -2.6101 |
| MAD | Mean absolute deviation | 7.9285 |
| MAPE | Mean absolute percentage error | 0.0158 |
| SAE | Sum of the absolute errors | 483.6363 |
Other Forecasting Options for Quanta Services
For any investor considering Quanta, Quanta Services' price movement is the central factor in determining investment viability. The noise present in Quanta Stock price charts can distort investment decisions if not properly addressed.Quanta Services Related Equities
The following equities are related to Quanta Services within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Quanta Services 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 |
Quanta Services Market Strength Events
Market strength indicators for Quanta Services stock help investors evaluate the security's behavior relative to ongoing market conditions. These tools support better market timing and help identify entry and exit signals for Quanta Services.
| Accumulation Distribution | 91113.98 | |||
| Daily Balance Of Power | -0.72 | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 566.77 | |||
| Day Typical Price | 562.97 | |||
| Price Action Indicator | -22.66 | |||
| Period Momentum Indicator | -22.56 |
Quanta Services Risk Indicators
The analysis of Quanta Services' basic risk indicators is a key input for accurate price forecasting and sound investment decisions. Understanding the risk in Quanta Services' investment allows investors to make informed choices about accepting or mitigating that exposure.
| Mean Deviation | 1.71 | |||
| Semi Deviation | 1.95 | |||
| Standard Deviation | 2.35 | |||
| Variance | 5.54 | |||
| Downside Variance | 4.63 | |||
| Semi Variance | 3.79 | |||
| Expected Short fall | -1.99 |
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 Quanta Services
Coverage intensity for Quanta Services 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.
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Quanta Services Short Properties
Reviewing short-oriented indicators for Quanta Services is useful because long and short participants often create very different signals for timing and volatility. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 151.7 M | |
| Cash And Short Term Investments | 439.5 M |
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