LAPSE:2023.35794
Published Article

LAPSE:2023.35794
Stock Price Forecasting of IBEX35 Companies in the Petroleum, Electricity, and Gas Industries
May 23, 2023
In recent years, time series forecasting has become an essential tool for stock market analysts to make informed decisions regarding stock prices. The present research makes use of various exponential smoothing forecasting methods. These include exponential smoothing with multiplicative errors and additive trend (MAN), exponential smoothing with multiplicative errors (MNN), and simple exponential smoothing with additive errors (ANN) for the forecasting of the stock prices of six different companies in the petroleum, electricity, and gas industries that are listed in the IBEX35 index. The database employed for this research contained the IBEX35 index values and stock closing prices from 3 January 2000 to 30 December 2022. The models trained with this data were employed in order to forecast the index value and the closing prices of the stocks under study from 2 January 2023 to 24 March 2023. The results obtained confirmed that although none of the proposed models outperformed the rest for all the companies, it is possible to calculate forecasting models able to predict a 95% confidence interval about real stock closing values and where the index will be in the following three months.
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Keywords
electricity and gas companies, exponential smoothing, petroleum companies, publicly traded companies, stock price forecasting, time series forecasting
Subject
Suggested Citation
Todorov IB, Sánchez Lasheras F. Stock Price Forecasting of IBEX35 Companies in the Petroleum, Electricity, and Gas Industries. (2023). LAPSE:2023.35794
Author Affiliations
Todorov IB: Department of Drilling, Oil and Gas Production & Transport, Faculty of Geology & Exploration, University of Mining and Geology St. Ivan Rilski, 1700 Sofia, Bulgaria
Sánchez Lasheras F: Department of Mathematics, Faculty of Sciences, University of Oviedo, 33007 Oviedo, Spain; Instituto Universitario de Ciencias y Tecnologías Espaciales de Asturias (ICTEA), University of Oviedo, 33004 Oviedo, Spain [ORCID]
Sánchez Lasheras F: Department of Mathematics, Faculty of Sciences, University of Oviedo, 33007 Oviedo, Spain; Instituto Universitario de Ciencias y Tecnologías Espaciales de Asturias (ICTEA), University of Oviedo, 33004 Oviedo, Spain [ORCID]
Journal Name
Energies
Volume
16
Issue
9
First Page
3856
Year
2023
Publication Date
2023-04-30
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en16093856, Publication Type: Journal Article
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Published Article

LAPSE:2023.35794
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https://doi.org/10.3390/en16093856
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[v1] (Original Submission)
May 23, 2023
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May 23, 2023
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Record Owner
Calvin Tsay
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