Crescent Energy Stock Forecast - Simple Exponential Smoothing

Most investors in Crescent Energy 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 Crescent Energy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Crescent Energy's price structures and extracts relationships that further increase the accuracy of the generated results. Crescent Energy 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 Crescent Energy Co are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Crescent Energy prices get older.

Crescent Energy Simple Exponential Smoothing Price Forecast For the 2nd of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Crescent Energy Co on the next trading day is expected to be 12.26 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.1, and the sum of the absolute errors of 13.87.

Crescent Energy 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 Crescent Energy stock data series using in forecasting. Note that when a statistical model is used to represent Crescent Energy 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 Crescent Energy Co forecast for the second period equal to the observation of the first period. In other words, recent Crescent Energy observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Crescent Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Crescent Energy. 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 9.87 12.51 15.15 Details

Intrinsic Valuation Low Real High 11.05 13.69 16.33 Details

11 Analysts Consensus Low Target High 15.62 17.17 19.06 Details

Earnings Estimates (0) Low Projected EPS High 0.06 0.29 0.57 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Crescent Energy. Your research has to be compared to or analyzed against Crescent Energy's peers to derive any actionable benefits. When done correctly, Crescent Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Crescent Energy.

Other Forecasting Options for Crescent Energy

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

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Crescent Energy 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 Crescent Energy'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 Crescent Energy's current price.

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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.

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