Ningbo Ligong Stock Forecast - Simple Exponential Smoothing

002322 Stock   13.13  0.27  2.01%   
The Simple Exponential Smoothing forecasted value of Ningbo Ligong Online on the next trading day is expected to be 13.13 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 16.98. Ningbo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ningbo Ligong stock prices and determine the direction of Ningbo Ligong Online's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ningbo Ligong's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Ningbo Ligong's Other Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 64.9 M, whereas Total Assets are forecasted to decline to about 2.4 B.
Ningbo Ligong 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 Ningbo Ligong Online are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Ningbo Ligong Online prices get older.

Ningbo Ligong Simple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Ningbo Ligong Online on the next trading day is expected to be 13.13 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.16, and the sum of the absolute errors of 16.98.
Please note that although there have been many attempts to predict Ningbo 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 Ningbo Ligong's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Ningbo Ligong Stock Forecast Pattern

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Ningbo Ligong Forecasted Value

In the context of forecasting Ningbo Ligong'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. Ningbo Ligong's downside and upside margins for the forecasting period are 10.26 and 16.00, respectively. We have considered Ningbo Ligong'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
13.13
13.13
Expected Value
16.00
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 Ningbo Ligong stock data series using in forecasting. Note that when a statistical model is used to represent Ningbo Ligong 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 Criteria114.457
BiasArithmetic mean of the errors 0.027
MADMean absolute deviation0.283
MAPEMean absolute percentage error0.0199
SAESum of the absolute errors16.98
This simple exponential smoothing model begins by setting Ningbo Ligong Online forecast for the second period equal to the observation of the first period. In other words, recent Ningbo Ligong observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Ningbo Ligong

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ningbo Ligong Online. 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
10.5113.3716.23
Details
Intrinsic
Valuation
LowRealHigh
9.2512.1114.97
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13.3013.4813.66
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.180.180.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ningbo Ligong. Your research has to be compared to or analyzed against Ningbo Ligong's peers to derive any actionable benefits. When done correctly, Ningbo Ligong'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 Ningbo Ligong Online.

Other Forecasting Options for Ningbo Ligong

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

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

Ningbo Ligong Online 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 Ningbo Ligong'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 Ningbo Ligong's current price.

Ningbo Ligong Market Strength Events

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

Ningbo Ligong Risk Indicators

The analysis of Ningbo Ligong'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 Ningbo Ligong's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ningbo 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.

Other Information on Investing in Ningbo Stock

Ningbo Ligong financial ratios help investors to determine whether Ningbo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ningbo with respect to the benefits of owning Ningbo Ligong security.