Ranplan Stock Forward View - Double Exponential Smoothing
| RPLAN Stock | SEK 1.12 0.00 0.00% |
This page provides reference data for Ranplan using Double Exponential Smoothing forecasting. The projected value and error metrics are calculated from available daily price observations.
The Double Exponential Smoothing forecasted value of Ranplan Group on the next trading day is expected to be 1.13 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 2.01.When Ranplan Group 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 Ranplan Group 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 Ranplan observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for Ranplan presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 20th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Ranplan Group on the next trading day is expected to be 1.13 with a mean absolute deviation of 0.03 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 2.01 .Please note that although there have been many attempts to predict Ranplan 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 Ranplan's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Ranplan | Ranplan Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Ranplan Group focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 0.01 and upside around 16.43 for the forecasting period.
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 Ranplan stock data series using in forecasting. Note that when a statistical model is used to represent Ranplan 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 | 0.0015 |
| MAD | Mean absolute deviation | 0.0341 |
| MAPE | Mean absolute percentage error | 0.0454 |
| SAE | Sum of the absolute errors | 2.01 |
Other Forecasting Options for Ranplan
For investors considering Ranplan, Ranplan's price movement is the most direct driver of investment returns. Noise in Ranplan Stock price charts can make identifying meaningful trends difficult without dedicated analytical tools.Ranplan Related Equities
The following equities are related to Ranplan within the Software - Application space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Ranplan 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 |
Ranplan Market Strength Events
Market strength indicators for Ranplan provide investors with a view of how the stock performs across different market environments. By analyzing these indicators, traders can determine the best moments to enter or exit positions in Ranplan Group.
Ranplan Risk Indicators
A structured analysis of Ranplan's risk indicators is one of the most reliable ways to improve the accuracy of price forecasts. Understanding the risk embedded in Ranplan's allows investors to decide whether to accept, reduce, or hedge their exposure.
| Mean Deviation | 5.22 | |||
| Standard Deviation | 14.68 | |||
| Variance | 215.5 |
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 Ranplan
A coverage review of Ranplan Group helps investors see when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage helps investors separate durable relevance from temporary noise.
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Ranplan Short Properties
Short-interest signals around Ranplan Group can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 17.4 M |
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