TomTom NV Stock Forward View - Double Exponential Smoothing
| TOM2 Stock | EUR 4.42 -0.03 -0.67% |
This page provides reference data for TomTom NV using Double Exponential Smoothing forecasting. The projected value and error metrics are calculated from available daily price observations.
The Double Exponential Smoothing forecasted value of TomTom NV on the next trading day is expected to be 4.37 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 6.98.When TomTom NV 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 TomTom NV 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 TomTom NV observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for TomTom NV presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of TomTom NV on the next trading day is expected to be 4.37 with a mean absolute deviation of 0.12 , mean absolute percentage error of 0.03 , and the sum of the absolute errors of 6.98 .Please note that although there have been many attempts to predict TomTom 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 TomTom NV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest TomTom NV | TomTom NV Price Prediction | Research Analysis |
Forecasted Value
Forecasting TomTom NV for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
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 TomTom NV stock data series using in forecasting. Note that when a statistical model is used to represent TomTom NV 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 | 0.0149 |
| MAD | Mean absolute deviation | 0.1183 |
| MAPE | Mean absolute percentage error | 0.0206 |
| SAE | Sum of the absolute errors | 6.9781 |
Other Forecasting Options for TomTom NV
For investors considering TomTom, TomTom NV's price movement is the most direct driver of investment returns. Noise in TomTom Stock price charts can make identifying meaningful trends difficult without dedicated analytical tools.TomTom NV Related Equities
The following equities are related to TomTom NV within the Consumer Discretionary space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing TomTom NV 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 |
TomTom NV Market Strength Events
Market strength indicators for TomTom NV provide investors with a view of how the stock performs across different market environments. By analyzing these indicators, traders can determine the best moments to enter or exit positions in TomTom NV.
TomTom NV Risk Indicators
A structured analysis of TomTom NV's risk indicators is one of the most reliable ways to improve the accuracy of price forecasts. Understanding the risk embedded in TomTom NV's allows investors to decide whether to accept, reduce, or hedge their exposure.
| Mean Deviation | 1.89 | |||
| Standard Deviation | 2.97 | |||
| Variance | 8.8 |
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 TomTom NV
A coverage review of TomTom NV shows when the security is attracting above-average attention from contributors and market observers. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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TomTom NV Short Properties
A short-interest review of TomTom NV provides context for understanding whether skepticism in the market is becoming more influential. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 124.4 M | |
| Cash And Short Term Investments | 262.8 M |
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