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Apple Stock Forecast - Double Exponential Smoothing

<div class='circular--portrait' style='background:#000000;color: white;font-size:3em;padding-top: 40px;;'>AAP</div>
AAPL -- USA Stock  

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Apple Stock Forecast is based on your current time horizon. Investors can use this prediction interface to forecast Apple historic stock prices and determine the direction of Apple future trends based on various well-known forecasting models. However, looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Apple historical fundamentals such as revenue growth or operating cash flow patterns. Although Apple naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Apple systematic risks associated with finding meaningful patterns of Apple fundamentals over time. Please continue to Historical Fundamental Analysis of Apple to cross-verify your projections.
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PPandE Turnover is projected to rize to 10.20 this year. Also, receivables Turnover is projected to rize to 8.25 this year. The current value of Weighted Average Shares is projected to fall to about 4.5 B. Also, the current value of Weighted Average Shares Diluted is projected to fall to about 5.2 B.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Apple works best with periods where there are trends or seasonality.
Given 30 days horizon, the forecasted value of Apple on the next trading day is expected to be  254.34  with a mean absolute deviation of  7.96 , mean absolute percentage error of  119.64 , and the sum of the absolute errors of  469.39 
 254.34 

Apple Stock Forecast Pattern

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Apple Forecasted Value

Market Value
254.29
April 1, 2020
242.12
Downside
254.34
Expected Value
266.56
Upside

Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors 1.1985
MADMean absolute deviation7.9558
MAPEMean absolute percentage error0.0283
SAESum of the absolute errors469.3936
When Apple 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 Apple 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 Apple observations are given relatively more weight in forecasting than the older observations.

Volatility Measures

Apple Risk Indicators

Current Sentiment - AAPL

Apple Investor Sentiment

Majority of Macroaxis users are presently bullish on Apple. What is your sentiment towards investing in Apple? Are you bullish or bearish?
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Apple Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Apple and IRobot. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to Historical Fundamental Analysis of Apple to cross-verify your projections. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.
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