Williams Companies Stock Forecast - Triple Exponential Smoothing
| WMB Stock | USD 38.67 0.13 0.34% |
The Triple Exponential Smoothing forecasted value of Williams Companies on the next trading day is expected to be 38.68 with a mean absolute deviation of 0.31 and the sum of the absolute errors of 18.58. Williams Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Williams Companies stock prices and determine the direction of Williams Companies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Williams Companies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Williams Companies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Williams Companies' systematic risk associated with finding meaningful patterns of Williams Companies fundamentals over time.
Check out Historical Fundamental Analysis of Williams Companies to cross-verify your projections. Williams |
Open Interest Against 2024-05-03 Williams Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Williams Companies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Williams Companies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Williams Companies stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Williams Companies' open interest, investors have to compare it to Williams Companies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Williams Companies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Williams. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Williams Companies 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 Williams Companies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Williams Companies' price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for Williams Companies - 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 Williams Companies 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 Williams Companies price movement. However, neither of these exponential smoothing models address any seasonality of Williams Companies. Williams Companies Triple Exponential Smoothing Price Forecast For the 5th of May
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Williams Companies on the next trading day is expected to be 38.68 with a mean absolute deviation of 0.31, mean absolute percentage error of 0.17, and the sum of the absolute errors of 18.58.Please note that although there have been many attempts to predict Williams 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 Williams Companies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Williams Companies Stock Forecast Pattern
| Backtest Williams Companies | Williams Companies Price Prediction | Buy or Sell Advice |
Williams Companies Forecasted Value
In the context of forecasting Williams Companies' 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. Williams Companies' downside and upside margins for the forecasting period are 37.62 and 39.74, respectively. We have considered Williams Companies' 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.
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 Williams Companies stock data series using in forecasting. Note that when a statistical model is used to represent Williams Companies 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 | -0.036 |
| MAD | Mean absolute deviation | 0.3096 |
| MAPE | Mean absolute percentage error | 0.0084 |
| SAE | Sum of the absolute errors | 18.5769 |
Predictive Modules for Williams Companies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Williams Companies. Regardless of method or technology, however, to accurately forecast the stock 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, anticipate that the market will even out over time. This tendency of Williams Companies' 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.
Other Forecasting Options for Williams Companies
For every potential investor in Williams, whether a beginner or expert, Williams Companies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Williams Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Williams. Basic forecasting techniques help filter out the noise by identifying Williams Companies' price trends.Williams Companies 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 Williams Companies stock to make a market-neutral strategy. Peer analysis of Williams Companies could also be used in its relative valuation, which is a method of valuing Williams Companies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Williams Companies 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 Williams Companies' 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 Williams Companies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Williams Companies Market Strength Events
Market strength indicators help investors to evaluate how Williams Companies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Williams Companies shares will generate the highest return on investment. By undertsting and applying Williams Companies stock market strength indicators, traders can identify Williams Companies entry and exit signals to maximize returns.
Williams Companies Risk Indicators
The analysis of Williams Companies' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Williams Companies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting williams stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.8128 | |||
| Semi Deviation | 0.8019 | |||
| Standard Deviation | 1.07 | |||
| Variance | 1.15 | |||
| Downside Variance | 0.9178 | |||
| Semi Variance | 0.6431 | |||
| Expected Short fall | (0.95) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Williams Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Williams Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Williams Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Williams Companies Stock:Check out Historical Fundamental Analysis of Williams Companies to cross-verify your projections. For information on how to trade Williams Stock refer to our How to Trade Williams Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Williams Stock analysis
When running Williams Companies' price analysis, check to measure Williams Companies' 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 Williams Companies is operating at the current time. Most of Williams Companies' value examination focuses on studying past and present price action to predict the probability of Williams Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Williams Companies' price. Additionally, you may evaluate how the addition of Williams Companies to your portfolios can decrease your overall portfolio volatility.
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Is Williams Companies' 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 Williams Companies. If investors know Williams 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 Williams Companies 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 0.728 | Dividend Share 1.79 | Earnings Share 2.68 | Revenue Per Share 8.171 | Quarterly Revenue Growth (0.12) |
The market value of Williams Companies is measured differently than its book value, which is the value of Williams that is recorded on the company's balance sheet. Investors also form their own opinion of Williams Companies' value that differs from its market value or its book value, called intrinsic value, which is Williams Companies' 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 Williams Companies' market value can be influenced by many factors that don't directly affect Williams Companies' 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 Williams Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Williams Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Williams Companies' 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.