WD 40 Stock Forward View - Triple Exponential Smoothing
| WDFC Stock | USD 215.92 0.25 0.12% |
WD 40's Triple 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 Triple Exponential Smoothing forecasted value of WD 40 Company on the next trading day is expected to be 214.85 with a mean absolute deviation of 3.12 and the sum of the absolute errors of 184.09.As with simple exponential smoothing, in triple exponential smoothing models past WD 40 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 WD 40 Company observations. WD 40's Triple Exponential Smoothing reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Triple Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of WD 40 Company on the next trading day is expected to be 214.85 with a mean absolute deviation of 3.12 , mean absolute percentage error of 19.70 , and the sum of the absolute errors of 184.09 .Please note that although there have been many attempts to predict WDFC 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 WD 40's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
Forecasting WD 40 Company for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The projected forecast band currently runs from roughly 212.91 on the downside to about 216.78 on the upside.
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 WD 40 stock data series using in forecasting. Note that when a statistical model is used to represent WD 40 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 | 0.0227 |
| MAD | Mean absolute deviation | 3.1202 |
| MAPE | Mean absolute percentage error | 0.014 |
| SAE | Sum of the absolute errors | 184.0893 |
Other Forecasting Options for WD 40
Analyzing WD 40'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 WD 40's chart can signal overbought or oversold conditions.View WD 40's Related Equities
| Risk & Return | Correlation |
WD 40 Market Strength Events
Market strength indicators for WD 40 stock provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade WD 40.
WD 40 Risk Indicators
Assessing WD 40's risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting WD 40's future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 1.37 | |||
| Semi Deviation | 2.0 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.53 | |||
| Downside Variance | 4.71 | |||
| Semi Variance | 4.01 | |||
| Expected Short fall | -1.31 |
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 WD 40
A coverage review of WD 40 Company 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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Latest Perspective From Macroaxis
WD 40 Short Properties
Short-interest signals around WD 40 Company can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 13.6 M | |
| Cash And Short Term Investments | 58.1 M |