Stanley Black Stock Forward View - Triple Exponential Smoothing
| SWK Stock | USD 69.04 -0.01 -0.01% |
Stanley Black's Triple 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 Triple Exponential Smoothing forecasted value of Stanley Black Decker on the next trading day is expected to be 68.31 with a mean absolute deviation of 1.33 and the sum of the absolute errors of 78.26.As with simple exponential smoothing, in triple exponential smoothing models past Stanley Black 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 Stanley Black Decker observations. The Triple Exponential Smoothing reference information for Stanley Black is based on available price data and is intended for informational purposes. Triple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Stanley Black Decker on the next trading day is expected to be 68.31 with a mean absolute deviation of 1.33 , mean absolute percentage error of 2.98 , and the sum of the absolute errors of 78.26 .Please note that although there have been many attempts to predict Stanley 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 Stanley Black's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Stanley Black | Stanley Black Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Stanley Black Decker focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 66.14 and upside near 70.48.
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 Stanley Black stock data series using in forecasting. Note that when a statistical model is used to represent Stanley Black 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 | -0.0077 |
| MAD | Mean absolute deviation | 1.3265 |
| MAPE | Mean absolute percentage error | 0.0163 |
| SAE | Sum of the absolute errors | 78.2624 |
Other Forecasting Options for Stanley Black
For any investor considering Stanley, Stanley Black's price movement is the central factor in determining investment viability. The noise present in Stanley Stock price charts can distort investment decisions if not properly addressed.Stanley Black Related Equities
The following equities are related to Stanley Black within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Stanley Black 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 |
Stanley Black Market Strength Events
Market strength indicators for Stanley Black 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 Stanley Black Decker.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 69.04 | |||
| Day Typical Price | 69.04 | |||
| Price Action Indicator | -0.01 | |||
| Period Momentum Indicator | -0.01 | |||
| Relative Strength Index | 35.88 |
Stanley Black Risk Indicators
The analysis of Stanley Black's basic risk indicators is a key input for accurate price forecasting and sound investment decisions. Understanding the risk in Stanley Black's investment allows investors to make informed choices about accepting or mitigating that exposure.
| Mean Deviation | 1.65 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.62 |
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 Stanley Black
Coverage intensity for Stanley Black Decker matters because narrative visibility can influence sentiment, participation, and volatility around the name. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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Stanley Black Short Properties
Short sentiment tied to Stanley Black Decker matters because heavier bearish pressure can change how quickly future price expectations become unstable. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 152.1 M | |
| Cash And Short Term Investments | 280.1 M |