Teleflex Incorporated Stock Forward View - Simple Exponential Smoothing
| TFX Stock | USD 110.49 2.31 2.14% |
Teleflex Incorporated's Simple Exponential Smoothing reference data is generated by applying the model to available daily closing prices. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Simple Exponential Smoothing forecasted value of Teleflex Incorporated on the next trading day is expected to be 110.49 with a mean absolute deviation of 1.96 and the sum of the absolute errors of 119.84.This simple exponential smoothing model begins by setting Teleflex Incorporated forecast for the second period equal to the observation of the first period. In other words, recent Teleflex Incorporated observations are given relatively more weight in forecasting than the older observations. Teleflex Incorporated's Simple Exponential Smoothing reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Simple Exponential Smoothing Price Forecast For the 28th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Teleflex Incorporated on the next trading day is expected to be 110.49 with a mean absolute deviation of 1.96 , mean absolute percentage error of 9.53 , and the sum of the absolute errors of 119.84 .Please note that although there have been many attempts to predict Teleflex 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 Teleflex Incorporated's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Teleflex Incorporated | Teleflex Incorporated Price Prediction | Research Analysis |
Forecasted Value
Forecasting Teleflex Incorporated 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 107.82 and upside near 113.16.
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 Teleflex Incorporated stock data series using in forecasting. Note that when a statistical model is used to represent Teleflex Incorporated 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 | 120.3647 |
| Bias | Arithmetic mean of the errors | 0.1954 |
| MAD | Mean absolute deviation | 1.9646 |
| MAPE | Mean absolute percentage error | 0.0179 |
| SAE | Sum of the absolute errors | 119.84 |
Other Forecasting Options for Teleflex Incorporated
Analyzing Teleflex Incorporated's price movement through moving averages at different time horizons reveals whether short-term momentum aligns with the longer-term trend. Touches of the upper or lower band in Teleflex Incorporated's chart can signal overbought or oversold conditions.Teleflex Incorporated Related Equities
These stocks are related to Teleflex Incorporated within the Health Care space and can be used for peer review, pricing, or spreading risk. Looking at Teleflex Incorporated's pricing multiples next to these peers shows if the stock trades at a premium or discount. Sector-wide trends across this peer group can help split company-level factors from broader forces. The peer review below gives a clear framework for judging Teleflex Incorporated's standing among rivals.
| Risk & Return | Correlation |
Teleflex Incorporated Market Strength Events
Market strength indicators for Teleflex Incorporated stock provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade Teleflex Incorporated.
| Accumulation Distribution | 25006.63 | |||
| Daily Balance Of Power | 0.7043 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 109.19 | |||
| Day Typical Price | 109.62 | |||
| Price Action Indicator | 2.45 | |||
| Period Momentum Indicator | 2.31 | |||
| Relative Strength Index | 47.14 |
Teleflex Incorporated Risk Indicators
Assessing Teleflex Incorporated's risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting Teleflex Incorporated's future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 1.69 | |||
| Standard Deviation | 2.59 | |||
| Variance | 6.71 |
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 Teleflex Incorporated
The amount of media and story coverage tied to Teleflex Incorporated 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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Teleflex Incorporated Short Properties
Short-interest signals around Teleflex Incorporated 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 | 44.7 M | |
| Cash And Short Term Investments | 393.3 M |