INTERNET GOLD Stock Forecast - Triple Exponential Smoothing

IGLDF
 Stock
  

USD 4.00  0.00  0.00%   

INTERNET Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast INTERNET GOLD historical stock prices and determine the direction of INTERNET GOLD GOLDEN's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of INTERNET GOLD historical fundamentals such as revenue growth or operating cash flow patterns.
Please see Historical Fundamental Analysis of INTERNET GOLD to cross-verify your projections.
  
Most investors in INTERNET GOLD cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the INTERNET GOLD's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets INTERNET GOLD's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for INTERNET GOLD - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When INTERNET GOLD 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 trend in INTERNET GOLD price movement. However, neither of these exponential smoothing models address any seasonality of INTERNET GOLD GOLDEN.

INTERNET GOLD Triple Exponential Smoothing Price Forecast For the 28th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of INTERNET GOLD GOLDEN on the next trading day is expected to be 4.00 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict INTERNET Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that INTERNET GOLD's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

INTERNET GOLD Stock Forecast Pattern

Backtest INTERNET GOLDINTERNET GOLD Price PredictionBuy or Sell Advice 

INTERNET GOLD Forecasted Value

In the context of forecasting INTERNET GOLD's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. INTERNET GOLD's downside and upside margins for the forecasting period are 4.00 and 4.00, respectively. We have considered INTERNET GOLD's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value 4.00
4.00
Expected Value
4.00
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 INTERNET GOLD stock data series using in forecasting. Note that when a statistical model is used to represent INTERNET GOLD 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0
MAPEMean absolute percentage error0.0
SAESum of the absolute errors0.0
As with simple exponential smoothing, in triple exponential smoothing models past INTERNET GOLD 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 INTERNET GOLD GOLDEN observations.

Predictive Modules for INTERNET GOLD

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as INTERNET GOLD GOLDEN. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of INTERNET GOLD's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of INTERNET GOLD in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
4.004.004.00
Details
Intrinsic
Valuation
LowReal ValueHigh
4.004.004.00
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.004.004.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as INTERNET GOLD. Your research has to be compared to or analyzed against INTERNET GOLD's peers to derive any actionable benefits. When done correctly, INTERNET GOLD's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in INTERNET GOLD GOLDEN.

Other Forecasting Options for INTERNET GOLD

For every potential investor in INTERNET, whether a beginner or expert, INTERNET GOLD's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. INTERNET Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in INTERNET. Basic forecasting techniques help filter out the noise by identifying INTERNET GOLD's price trends.

INTERNET GOLD Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with INTERNET GOLD stock to make a market-neutral strategy. Peer analysis of INTERNET GOLD could also be used in its relative valuation, which is a method of valuing INTERNET GOLD by comparing valuation metrics with similar companies.
Comcast Corp AVerizon CommunicationsRoyal Caribbean CruisesATT IncAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt Bond
 Risk & Return  Correlation

INTERNET GOLD GOLDEN Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of INTERNET GOLD's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of INTERNET GOLD's current price.

Be your own money manager

Our tools can tell you how much better you can do entering a position in INTERNET GOLD without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as INTERNET GOLD GOLDEN using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please see Historical Fundamental Analysis of INTERNET GOLD to cross-verify your projections. Note that the INTERNET GOLD GOLDEN information on this page should be used as a complementary analysis to other INTERNET GOLD's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running INTERNET GOLD GOLDEN price analysis, check to measure INTERNET GOLD's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy INTERNET GOLD is operating at the current time. Most of INTERNET GOLD's value examination focuses on studying past and present price action to predict the probability of INTERNET GOLD's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move INTERNET GOLD's price. Additionally, you may evaluate how the addition of INTERNET GOLD to your portfolios can decrease your overall portfolio volatility.
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Is INTERNET GOLD's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of INTERNET GOLD. If investors know INTERNET will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about INTERNET GOLD listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
2.83
Market Capitalization
9.6 K
Quarterly Revenue Growth YOY
(0.044) 
Return On Assets
(0.17) 
Return On Equity
(1.86) 
The market value of INTERNET GOLD GOLDEN is measured differently than its book value, which is the value of INTERNET that is recorded on the company's balance sheet. Investors also form their own opinion of INTERNET GOLD's value that differs from its market value or its book value, called intrinsic value, which is INTERNET GOLD's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because INTERNET GOLD's market value can be influenced by many factors that don't directly affect INTERNET GOLD's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between INTERNET GOLD's value and its price as these two are different measures arrived at by different means. Investors typically determine INTERNET GOLD value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, INTERNET GOLD's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.