Addus HomeCare Stock Forecast - Simple Exponential Smoothing

Most investors in Addus HomeCare 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 Addus HomeCare's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Addus HomeCare's price structures and extracts relationships that further increase the accuracy of the generated results. Addus HomeCare simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Addus HomeCare are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Addus HomeCare prices get older.

Addus HomeCare Simple Exponential Smoothing Price Forecast For the 25th of October

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Addus HomeCare on the next trading day is expected to be 129.22 with a mean absolute deviation of 1.46, mean absolute percentage error of 3.38, and the sum of the absolute errors of 87.31.

Addus HomeCare Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Addus HomeCare stock data series using in forecasting. Note that when a statistical model is used to represent Addus HomeCare 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. This simple exponential smoothing model begins by setting Addus HomeCare forecast for the second period equal to the observation of the first period. In other words, recent Addus HomeCare observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Addus HomeCare

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Addus HomeCare. 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.

Hype Prediction Low Estimated High 127.90 129.39 130.88 Details

Intrinsic Valuation Low Real High 118.93 120.42 142.33 Details

Bollinger Band Projection (param) Low Middle High 125.24 129.86 134.48 Details

11 Analysts Consensus Low Target High 103.13 113.33 125.80 Details

Other Forecasting Options for Addus HomeCare

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

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Addus HomeCare 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 Addus HomeCare'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 Addus HomeCare's current price.

Addus HomeCare Market Strength Events

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