Emeren Stock Forecast - Triple Exponential Smoothing

Emeren Additional Predictive Modules

Most predictive techniques to examine Emeren price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Emeren using various technical indicators. When you analyze Emeren charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. Triple exponential smoothing for Emeren - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Emeren 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 trend in Emeren price movement. However, neither of these exponential smoothing models address any seasonality of Emeren Group.

Emeren Triple Exponential Smoothing Price Forecast For the 29th of January

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Emeren Group on the next trading day is expected to be 1.94 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0005, and the sum of the absolute errors of 1.00.

Emeren Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Emeren stock data series using in forecasting. Note that when a statistical model is used to represent Emeren 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. As with simple exponential smoothing, in triple exponential smoothing models past Emeren observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Emeren Group observations.

Predictive Modules for Emeren

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Emeren Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 0.46 1.91 3.36 Details

Intrinsic Valuation Low Real High 0.14 1.59 3.04 Details

Bollinger Band Projection (param) Low Middle High 1.68 1.82 1.96 Details

Emeren After-Hype Price Density Analysis

Emeren Estimiated After-Hype Price Volatility

Emeren Stock Price Outlook Analysis

Notes

Emeren Hype Timeline

On the 28th of January Emeren Group is traded for 1.94. The entity has historical hype elasticity of -0.03, and average elasticity to hype of competition of -0.04. Emeren is estimated to decline in value after the next headline, with the price expected to drop to 1.91. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -1.55%, whereas the daily expected return is at this time at 0.18%. The volatility of related hype on Emeren is about 584.68%, with the expected price after the next announcement by competition of 1.90. About 43.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.32. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Emeren Group has Price/Earnings To Growth (PEG) ratio of 0.75. The entity recorded a loss per share of 0.18. The firm last dividend was issued on the 10th of February 2017. Emeren had 1:5 split on the 10th of February 2017. Considering the 90-day investment horizon the next estimated press release will be in about 19 days. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Emeren Related Hype Analysis

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Risk & Return

Correlation

Emeren Market Strength Events

Emeren Risk Indicators

Story Coverage note for Emeren

Emeren Short Properties

Other Consideration for investing in Emeren Stock