Korea Steel Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Korea Steel - 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 Korea Steel 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 Korea Steel price movement. However, neither of these exponential smoothing models address any seasonality of Korea Steel.

Korea Steel Triple Exponential Smoothing Price Forecast For the 3rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Korea Steel Co on the next trading day is expected to be 1,405 with a mean absolute deviation of 18.80, mean absolute percentage error of 616.65, and the sum of the absolute errors of 1,109.

Korea Steel Stock Forecast Pattern

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Korea Steel Price Prediction

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Korea Steel 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 Korea Steel stock data series using in forecasting. Note that when a statistical model is used to represent Korea Steel 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 Korea Steel 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 Korea Steel Co observations.

Predictive Modules for Korea Steel

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Korea Steel. 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 1,406 1,408 1,410 Details

Intrinsic Valuation Low Real High 1,215 1,217 1,549 Details

Bollinger Band Projection (param) Low Middle High 1,368 1,471 1,574 Details

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

Other Forecasting Options for Korea Steel

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

Korea Steel Related Equities

Risk & Return

Correlation

Korea Steel 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 Korea Steel'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 Korea Steel's current price.

Korea Steel Market Strength Events

Korea Steel Risk Indicators

Pair Trading with Korea Steel

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

Other Information on Investing in Korea Stock