Jeju Bank Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Jeju Bank - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Jeju Bank 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 trend in Jeju Bank price movement. However, neither of these exponential smoothing models address any seasonality of Jeju Bank.

Jeju Bank Triple Exponential Smoothing Price Forecast For the 2nd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Jeju Bank on the next trading day is expected to be 7,940 with a mean absolute deviation of 110.17, mean absolute percentage error of 21,017, and the sum of the absolute errors of 6,500.

Jeju Bank Stock Forecast Pattern

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Jeju Bank Price Prediction

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Jeju Bank Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Jeju Bank stock data series using in forecasting. Note that when a statistical model is used to represent Jeju Bank 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. As with simple exponential smoothing, in triple exponential smoothing models past Jeju Bank observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Jeju Bank observations.

Predictive Modules for Jeju Bank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jeju Bank. 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 7,928 7,930 7,932 Details

Intrinsic Valuation Low Real High 7,648 7,649 8,723 Details

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

Other Forecasting Options for Jeju Bank

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

Jeju Bank Related Equities

Risk & Return

Correlation

Jeju Bank 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 Jeju Bank'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 Jeju Bank's current price.

Jeju Bank Market Strength Events

Jeju Bank Risk Indicators

Pair Trading with Jeju Bank

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

Other Information on Investing in Jeju Stock