Roper Technologies Stock Forward View - Double Exponential Smoothing
| ROP Stock | USD 353.68 0.42 0.12% |
The forecast reference data for Roper Technologies on this page is generated using Double Exponential Smoothing applied to historical price observations. Projected values and error measures are included as reference material.
The Double Exponential Smoothing forecasted value of Roper Technologies on the next trading day is expected to be 353.77 with a mean absolute deviation of 5.39 and the sum of the absolute errors of 323.64.When Roper Technologies 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 Roper Technologies 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 Roper Technologies observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing reference values for Roper Technologies are derived from publicly available price data and should be used for informational purposes only. Double Exponential Smoothing Price Forecast For the 22nd of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Roper Technologies on the next trading day is expected to be 353.77 with a mean absolute deviation of 5.39 , mean absolute percentage error of 69.97 , and the sum of the absolute errors of 323.64 .Please note that although there have been many attempts to predict Roper 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 Roper Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Roper Technologies | Roper Technologies Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Roper Technologies focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 351.59 and upside near 355.95.
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 Roper Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Roper Technologies 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 | 1.669 |
| MAD | Mean absolute deviation | 5.394 |
| MAPE | Mean absolute percentage error | 0.0148 |
| SAE | Sum of the absolute errors | 323.64 |
Other Forecasting Options for Roper Technologies
Investors at all stages of experience who consider Roper must develop an understanding of Roper Technologies' price dynamics. The noise embedded in Roper Stock price charts can create misleading signals and skew investment decisions.Roper Technologies Related Equities
The following equities are related to Roper Technologies within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Roper Technologies 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 |
Roper Technologies Market Strength Events
Market strength indicators applied to Roper Technologies stock give investors a structured view of the security's momentum relative to the overall market. Using these indicators, traders can refine their timing when entering or exiting positions in Roper Technologies.
| Accumulation Distribution | 52010.22 | |||
| Daily Balance Of Power | 0.0642 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 352.5 | |||
| Day Typical Price | 352.89 | |||
| Price Action Indicator | 1.39 | |||
| Period Momentum Indicator | 0.42 |
Roper Technologies Risk Indicators
Evaluating Roper Technologies' risk indicators is an important step in accurately forecasting its price and assessing the suitability of an investment. Understanding the risk profile of Roper Technologies' allows investors to make more informed decisions about position sizing and risk.
| Mean Deviation | 1.45 | |||
| Standard Deviation | 2.12 | |||
| Variance | 4.49 |
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 Roper Technologies
Coverage intensity for Roper Technologies matters because narrative visibility can influence sentiment, participation, and volatility around the name. A disciplined read of coverage separates durable relevance from temporary noise.
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Roper Technologies Short Properties
Short sentiment tied to Roper Technologies matters because heavier bearish pressure can change how quickly future price expectations become unstable. 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 | 107.8 M | |
| Cash And Short Term Investments | 297.4 M |
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