Daekyung Machinery Stock Forecast - Simple Exponential Smoothing

Daekyung Machinery 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 Daekyung Machinery Engineering are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Daekyung Machinery prices get older.

Daekyung Machinery Simple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Daekyung Machinery Engineering on the next trading day is expected to be 515.00 with a mean absolute deviation of 10.43, mean absolute percentage error of 205.30, and the sum of the absolute errors of 626.00.

Daekyung Machinery Stock Forecast Pattern

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Daekyung Machinery Price Prediction

Buy or Sell Advice

Daekyung Machinery 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 Daekyung Machinery stock data series using in forecasting. Note that when a statistical model is used to represent Daekyung Machinery 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 Daekyung Machinery Engineering forecast for the second period equal to the observation of the first period. In other words, recent Daekyung Machinery observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Daekyung Machinery

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daekyung Machinery. 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 511.73 515.00 518.27 Details

Intrinsic Valuation Low Real High 406.44 409.71 566.50 Details

Bollinger Band Projection (param) Low Middle High 487.99 502.39 516.78 Details

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

Other Forecasting Options for Daekyung Machinery

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

Daekyung Machinery Related Equities

Risk & Return

Correlation

Daekyung Machinery 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 Daekyung Machinery'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 Daekyung Machinery's current price.

Daekyung Machinery Market Strength Events

Daekyung Machinery Risk Indicators

Pair Trading with Daekyung Machinery

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 Daekyung Machinery 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 Daekyung Machinery will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Daekyung Stock