Integer Holdings Stock Forecast - Simple Exponential Smoothing

ITGR Stock  USD 125.77  0.99  0.78%   
The Simple Exponential Smoothing forecasted value of Integer Holdings Corp on the next trading day is expected to be 125.77 with a mean absolute deviation of 1.48 and the sum of the absolute errors of 90.37. Integer Stock Forecast is based on your current time horizon. Although Integer Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Integer Holdings' systematic risk associated with finding meaningful patterns of Integer Holdings fundamentals over time.
  
At this time, Integer Holdings' Payables Turnover is relatively stable compared to the past year. As of 10/26/2024, Receivables Turnover is likely to grow to 7.06, while Inventory Turnover is likely to drop 3.08. . As of 10/26/2024, Common Stock Shares Outstanding is likely to drop to about 28.2 M. In addition to that, Net Income Applicable To Common Shares is likely to drop to about 42.5 M.
Most investors in Integer Holdings 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 Integer Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Integer Holdings' price structures and extracts relationships that further increase the accuracy of the generated results. Integer Holdings 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 Integer Holdings Corp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Integer Holdings Corp prices get older.

Integer Holdings Simple Exponential Smoothing Price Forecast For the 27th of October

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Integer Holdings Corp on the next trading day is expected to be 125.77 with a mean absolute deviation of 1.48, mean absolute percentage error of 3.46, and the sum of the absolute errors of 90.37.
Please note that although there have been many attempts to predict Integer 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 Integer Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Integer Holdings Stock Forecast Pattern

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Integer Holdings Forecasted Value

In the context of forecasting Integer Holdings' 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. Integer Holdings' downside and upside margins for the forecasting period are 124.24 and 127.30, respectively. We have considered Integer Holdings' 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
125.77
124.24
Downside
125.77
Expected Value
127.30
Upside

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 Integer Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Integer Holdings 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 Criteria119.3507
BiasArithmetic mean of the errors -0.1575
MADMean absolute deviation1.4815
MAPEMean absolute percentage error0.0119
SAESum of the absolute errors90.37
This simple exponential smoothing model begins by setting Integer Holdings Corp forecast for the second period equal to the observation of the first period. In other words, recent Integer Holdings observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Integer Holdings

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Integer Holdings Corp. 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 Integer Holdings' 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
124.30125.83127.36
Details
Intrinsic
Valuation
LowRealHigh
98.0899.61138.35
Details
Bollinger
Band Projection (param)
LowMiddleHigh
124.69128.63132.57
Details
10 Analysts
Consensus
LowTargetHigh
89.7398.60109.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Integer Holdings. Your research has to be compared to or analyzed against Integer Holdings' peers to derive any actionable benefits. When done correctly, Integer Holdings' 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 Integer Holdings Corp.

Other Forecasting Options for Integer Holdings

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

View Integer Holdings Related Equities

 Risk & Return  Correlation

Integer Holdings Corp 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 Integer Holdings' 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 Integer Holdings' current price.

Integer Holdings Market Strength Events

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

Integer Holdings Risk Indicators

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

Pair Trading with Integer Holdings

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Integer Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Integer Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Integer Stock

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Moving against Integer Stock

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  0.59ELEV Elevation OncologyPairCorr
The ability to find closely correlated positions to Integer Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Integer Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Integer Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Integer Holdings Corp to buy it.
The correlation of Integer Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Integer Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Integer Holdings Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Integer Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Integer Stock Analysis

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