Rackspace Technology Stock Forward View - Double Exponential Smoothing
| RXT Stock | USD 1.40 0.01 0.72% |
This reference page presents Double Exponential Smoothing forecast data for Rackspace Technology. The projected values and error metrics are presented below as reference information.
The Double Exponential Smoothing forecasted value of Rackspace Technology on the next trading day is expected to be 1.40 with a mean absolute deviation of 0.10 and the sum of the absolute errors of 6.08.When Rackspace Technology 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 Rackspace Technology 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 Rackspace Technology observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing forecast data for Rackspace Technology is sourced from the most recent available trading data and is intended solely as reference information. Double Exponential Smoothing Price Forecast For the 26th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Rackspace Technology on the next trading day is expected to be 1.40 with a mean absolute deviation of 0.10 , mean absolute percentage error of 0.04 , and the sum of the absolute errors of 6.08 .Please note that although there have been many attempts to predict Rackspace 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 Rackspace Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Rackspace Technology | Rackspace Technology Price Prediction | Research Analysis |
Forecasted Value
Forecasting Rackspace Technology for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 0.01 and upside near 32.77.
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 Rackspace Technology stock data series using in forecasting. Note that when a statistical model is used to represent Rackspace Technology 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 | -0.0084 |
| MAD | Mean absolute deviation | 0.103 |
| MAPE | Mean absolute percentage error | 0.0738 |
| SAE | Sum of the absolute errors | 6.0795 |
Other Forecasting Options for Rackspace Technology
Rackspace Technology's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Rackspace often signals an upcoming reversal or acceleration.Rackspace Technology Related Equities
The stocks listed below are peers of Rackspace Technology within the Information Technology space and offer context for ranking and strength. Checking cash flow across this peer set helps gauge Rackspace Technology's relative financial strength. When Rackspace Technology breaks from its peer group on a key metric, it often signals a firm-level change worth exploring. These links can also guide portfolio spreading choices within the sector.
| Risk & Return | Correlation |
Rackspace Technology Market Strength Events
Market strength indicators help investors evaluate how Rackspace Technology stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Rackspace Technology.
Rackspace Technology Risk Indicators
The analysis of Rackspace Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Rackspace Technology's allows investors to make informed decisions about their exposure.
| Mean Deviation | 10.85 | |||
| Semi Deviation | 5.62 | |||
| Standard Deviation | 30.16 | |||
| Variance | 909.54 | |||
| Downside Variance | 43.82 | |||
| Semi Variance | 31.57 | |||
| Expected Short fall | -24.82 |
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 Rackspace Technology
The amount of media and story coverage tied to Rackspace Technology can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
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Rackspace Technology Short Properties
Short-interest signals around Rackspace Technology can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. 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 | 238.7 M | |
| Cash And Short Term Investments | 105.8 M |
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