Entegris Stock Forecast - Double Exponential Smoothing

ENTG Stock  USD 102.28  2.82  2.84%   
The Double Exponential Smoothing forecasted value of Entegris on the next trading day is expected to be 101.74 with a mean absolute deviation of 2.35 and the sum of the absolute errors of 138.50. Entegris Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Entegris' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At this time, Entegris' Asset Turnover is most likely to slightly decrease in the upcoming years. . The Entegris' current Net Income Applicable To Common Shares is estimated to increase to about 252.3 M, while Common Stock Shares Outstanding is projected to decrease to roughly 126.6 M.
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 Entegris works best with periods where there are trends or seasonality.

Entegris Double Exponential Smoothing Price Forecast For the 26th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Entegris on the next trading day is expected to be 101.74 with a mean absolute deviation of 2.35, mean absolute percentage error of 8.47, and the sum of the absolute errors of 138.50.
Please note that although there have been many attempts to predict Entegris 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 Entegris' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Entegris Stock Forecast Pattern

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Entegris Forecasted Value

In the context of forecasting Entegris' 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. Entegris' downside and upside margins for the forecasting period are 99.24 and 104.25, respectively. We have considered Entegris' 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
102.28
101.74
Expected Value
104.25
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 Entegris stock data series using in forecasting. Note that when a statistical model is used to represent Entegris 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 -0.4388
MADMean absolute deviation2.3474
MAPEMean absolute percentage error0.0223
SAESum of the absolute errors138.4972
When Entegris 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 Entegris 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 Entegris observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Entegris

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Entegris. 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 Entegris' 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.
Hype
Prediction
LowEstimatedHigh
99.89102.40104.91
Details
Intrinsic
Valuation
LowRealHigh
98.54101.05103.56
Details
13 Analysts
Consensus
LowTargetHigh
104.57114.91127.55
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.720.790.74
Details

Other Forecasting Options for Entegris

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

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

Entegris 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 Entegris' 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 Entegris' current price.

Entegris Market Strength Events

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

Entegris Risk Indicators

The analysis of Entegris' 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 Entegris' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting entegris 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.

Currently Active Assets on Macroaxis

When determining whether Entegris is a strong investment it is important to analyze Entegris' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Entegris' future performance. For an informed investment choice regarding Entegris Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Entegris to cross-verify your projections.
For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Semiconductors & Semiconductor Equipment space 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 Entegris. If investors know Entegris 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 Entegris 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
1.318
Dividend Share
0.4
Earnings Share
1.51
Revenue Per Share
21.26
Quarterly Revenue Growth
(0.09)
The market value of Entegris is measured differently than its book value, which is the value of Entegris that is recorded on the company's balance sheet. Investors also form their own opinion of Entegris' value that differs from its market value or its book value, called intrinsic value, which is Entegris' 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 Entegris' market value can be influenced by many factors that don't directly affect Entegris' 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 Entegris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entegris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entegris' 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.