WixCom Stock Forward View - Double Exponential Smoothing
| WIX Stock | USD 88.10 -1.36 -1.52% |
The Double Exponential Smoothing forecast shown here for WixCom is reference data produced from its historical price series. The projected value and error measures below serve as reference information. This data is provided for reference and analytical review. The Double Exponential Smoothing output serves as one input among many for analytical review.
The Double Exponential Smoothing forecasted value of WixCom on the next trading day is expected to be 87.77 with a mean absolute deviation of 2.31 and the sum of the absolute errors of 138.68.When WixCom 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 WixCom 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 WixCom observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for WixCom presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 26th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of WixCom on the next trading day is expected to be 87.77 with a mean absolute deviation of 2.31 , mean absolute percentage error of 8.97 , and the sum of the absolute errors of 138.68 .Please note that although there have been many attempts to predict WixCom 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 WixCom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest WixCom | WixCom Price Prediction | Research Analysis |
Forecasted Value
Forecasting WixCom 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 83.97 and upside near 91.56.
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 WixCom stock data series using in forecasting. Note that when a statistical model is used to represent WixCom 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 | 0.0159 |
| MAD | Mean absolute deviation | 2.3113 |
| MAPE | Mean absolute percentage error | 0.028 |
| SAE | Sum of the absolute errors | 138.6797 |
Other Forecasting Options for WixCom
The distribution of WixCom's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in WixCom's chart that simple price charts miss. The slope of WixCom's linear regression channel quantifies trend direction and strength over a chosen lookback period. Divergences between OBV and price can foreshadow trend changes in WixCom.WixCom Related Equities
Sizing up WixCom against these stocks within the Information Technology space shows how it compares on key financial measures. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across WixCom's peer group.
| Risk & Return | Correlation |
WixCom Market Strength Events
Market strength indicators for WixCom give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in WixCom. Market strength analysis for WixCom works best when combined with volume and volatility data. For WixCom, strength indicators are a practical complement to price and fundamental analysis.
WixCom Risk Indicators
A thorough review of WixCom's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in WixCom's allows investors to make better decisions about entry, sizing, and hedging. The assessment of WixCom's risk indicators plays a key role in managing investment exposure. Identifying the magnitude of risk in WixCom's provides context to choose between accepting or hedging exposure.
| Mean Deviation | 2.59 | |||
| Standard Deviation | 3.63 | |||
| Variance | 13.17 |
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 WixCom
A coverage review of WixCom shows when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Contributor Headline
Latest Perspective From Macroaxis
WixCom Short Properties
Short-interest signals around WixCom 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 | 57.7 M | |
| Cash And Short Term Investments | 1.2 B |