Smartsheet Stock Forecast - Double Exponential Smoothing

Most investors in Smartsheet 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 Smartsheet's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Smartsheet's price structures and extracts relationships that further increase the accuracy of the generated results. 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 Smartsheet works best with periods where there are trends or seasonality.

Smartsheet Double Exponential Smoothing Price Forecast For the 21st of September

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Smartsheet on the next trading day is expected to be 50.93 with a mean absolute deviation of 0.67, mean absolute percentage error of 0.78, and the sum of the absolute errors of 40.25.

Smartsheet Stock Forecast Pattern

Backtest Smartsheet

Smartsheet Price Prediction

Buy or Sell Advice

Smartsheet Forecasted Value

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 Smartsheet stock data series using in forecasting. Note that when a statistical model is used to represent Smartsheet 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. When Smartsheet 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 Smartsheet 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 Smartsheet observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Smartsheet

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smartsheet. 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 49.00 50.81 52.62 Details

Intrinsic Valuation Low Real High 45.73 58.01 59.82 Details

Bollinger Band Projection (param) Low Middle High 47.22 50.16 53.11 Details

20 Analysts Consensus Low Target High 48.99 53.83 59.75 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Smartsheet. Your research has to be compared to or analyzed against Smartsheet's peers to derive any actionable benefits. When done correctly, Smartsheet'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 Smartsheet.

Other Forecasting Options for Smartsheet

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

View Smartsheet Related Equities

Risk & Return

Correlation

Smartsheet 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 Smartsheet'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 Smartsheet's current price.

Smartsheet Market Strength Events

Smartsheet Risk Indicators

Pair Trading with Smartsheet

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 Smartsheet 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 Smartsheet will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Smartsheet Stock Analysis