Edison International Stock Forecast - Double Exponential Smoothing

EIX Stock  USD 81.89  0.27  0.33%   
The Double Exponential Smoothing forecasted value of Edison International on the next trading day is expected to be 81.61 with a mean absolute deviation of 0.75 and the sum of the absolute errors of 44.41. Edison Stock Forecast is based on your current time horizon.
  
At this time, Edison International's Payables Turnover is fairly stable compared to the past year. Receivables Turnover is likely to rise to 6.86 in 2024, whereas Inventory Turnover is likely to drop 14.62 in 2024. . Net Income Applicable To Common Shares is likely to rise to about 759.3 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 297.7 M in 2024.
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 Edison International works best with periods where there are trends or seasonality.

Edison International Double Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Edison International on the next trading day is expected to be 81.61 with a mean absolute deviation of 0.75, mean absolute percentage error of 0.80, and the sum of the absolute errors of 44.41.
Please note that although there have been many attempts to predict Edison 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 Edison International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Edison International Stock Forecast Pattern

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Edison International Forecasted Value

In the context of forecasting Edison International'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. Edison International's downside and upside margins for the forecasting period are 80.59 and 82.62, respectively. We have considered Edison International'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
81.89
81.61
Expected Value
82.62
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Edison International stock data series using in forecasting. Note that when a statistical model is used to represent Edison International 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 0.1061
MADMean absolute deviation0.7527
MAPEMean absolute percentage error0.0089
SAESum of the absolute errors44.4118
When Edison International 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 Edison International 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 Edison International observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Edison International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Edison International. 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
LowEstimatedHigh
80.9982.0183.03
Details
Intrinsic
Valuation
LowRealHigh
77.3678.3890.08
Details
21 Analysts
Consensus
LowTargetHigh
66.8373.4481.52
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.211.181.26
Details

Other Forecasting Options for Edison International

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

Edison International 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 Edison International stock to make a market-neutral strategy. Peer analysis of Edison International could also be used in its relative valuation, which is a method of valuing Edison International by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Edison International 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 Edison International'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 Edison International's current price.

Edison International Market Strength Events

Market strength indicators help investors to evaluate how Edison International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Edison International shares will generate the highest return on investment. By undertsting and applying Edison International stock market strength indicators, traders can identify Edison International entry and exit signals to maximize returns.

Edison International Risk Indicators

The analysis of Edison International's 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 Edison International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting edison 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.
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.

Additional Tools for Edison Stock Analysis

When running Edison International's price analysis, check to measure Edison International'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 Edison International is operating at the current time. Most of Edison International's value examination focuses on studying past and present price action to predict the probability of Edison International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edison International's price. Additionally, you may evaluate how the addition of Edison International to your portfolios can decrease your overall portfolio volatility.