SGS SA Stock Forward View - Simple Exponential Smoothing
| SGSN Stock | CHF 85.90 -2.52 -2.85% |
SGS SA'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 SGS SA on the next trading day is expected to be 85.90 with a mean absolute deviation of 0.88 and the sum of the absolute errors of 53.88.This simple exponential smoothing model begins by setting SGS SA forecast for the second period equal to the observation of the first period. In other words, recent SGS SA observations are given relatively more weight in forecasting than the older observations. The Simple Exponential Smoothing reference information for SGS SA is based on available price data and is intended for informational purposes. Simple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of SGS SA on the next trading day is expected to be 85.90 with a mean absolute deviation of 0.88 , mean absolute percentage error of 1.42 , and the sum of the absolute errors of 53.88 .Please note that although there have been many attempts to predict SGS 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 SGS SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest SGS SA | SGS SA Price Prediction | Research Analysis |
Forecasted Value
Forecasting SGS SA for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. At the moment, the model places downside around 84.60 and upside around 87.20 for the forecasting period.
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 SGS SA stock data series using in forecasting. Note that when a statistical model is used to represent SGS SA 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 | 118.4604 |
| Bias | Arithmetic mean of the errors | 0.0498 |
| MAD | Mean absolute deviation | 0.8833 |
| MAPE | Mean absolute percentage error | 0.0095 |
| SAE | Sum of the absolute errors | 53.88 |
Other Forecasting Options for SGS SA
For any investor considering SGS, SGS SA's price movement is the central factor in determining investment viability. The noise present in SGS Stock price charts can distort investment decisions if not properly addressed.SGS SA Related Equities
The following equities are related to SGS SA within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing SGS SA 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 |
SGS SA Market Strength Events
Market strength indicators for SGS SA 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 SGS SA.
SGS SA Risk Indicators
The analysis of SGS SA's basic risk indicators is a key input for accurate price forecasting and sound investment decisions. Understanding the risk in SGS SA's investment allows investors to make informed choices about accepting or mitigating that exposure.
| Mean Deviation | 0.9336 | |||
| Standard Deviation | 1.26 | |||
| Variance | 1.58 |
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 SGS SA
A coverage review of SGS SA shows when the security is attracting above-average attention from contributors and market observers. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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SGS SA Short Properties
A short-interest review of SGS SA provides context for understanding whether skepticism in the market is becoming more influential. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 193 M | |
| Cash And Short Term Investments | 2.3 B |
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