Taekwang Ind Stock Forecast - Simple Exponential Smoothing

Taekwang Ind 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 Taekwang Ind are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Taekwang Ind prices get older.

Taekwang Ind Simple Exponential Smoothing Price Forecast For the 30th of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Taekwang Ind on the next trading day is expected to be 628,000 with a mean absolute deviation of 7,820, mean absolute percentage error of 132,934,426, and the sum of the absolute errors of 477,000.

Taekwang Ind Stock Forecast Pattern

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Taekwang Ind Price Prediction

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Taekwang Ind Forecasted Value

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 Taekwang Ind stock data series using in forecasting. Note that when a statistical model is used to represent Taekwang Ind 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. This simple exponential smoothing model begins by setting Taekwang Ind forecast for the second period equal to the observation of the first period. In other words, recent Taekwang Ind observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Taekwang Ind

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Taekwang Ind. 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 627,998 628,000 628,002 Details

Intrinsic Valuation Low Real High 526,048 526,050 690,800 Details

Bollinger Band Projection (param) Low Middle High 614,069 648,083 682,098 Details

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

Other Forecasting Options for Taekwang Ind

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

Taekwang Ind Related Equities

Risk & Return

Correlation

Taekwang Ind 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 Taekwang Ind'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 Taekwang Ind's current price.

Taekwang Ind Market Strength Events

Taekwang Ind Risk Indicators

Pair Trading with Taekwang Ind

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

Other Information on Investing in Taekwang Stock