Korea Alcohol Stock Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Korea Alcohol works best with periods where there are trends or seasonality.

Korea Alcohol Double Exponential Smoothing Price Forecast For the 30th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Korea Alcohol Industrial on the next trading day is expected to be 8,577 with a mean absolute deviation of 62.59, mean absolute percentage error of 8,837, and the sum of the absolute errors of 3,693.

Korea Alcohol Stock Forecast Pattern

Backtest Korea Alcohol

Korea Alcohol Price Prediction

Buy or Sell Advice

Korea Alcohol Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Korea Alcohol stock data series using in forecasting. Note that when a statistical model is used to represent Korea Alcohol 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. When Korea Alcohol Industrial 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 Korea Alcohol Industrial trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Korea Alcohol observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Korea Alcohol

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 Alcohol Industrial. 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 8,679 8,680 8,681 Details

Intrinsic Valuation Low Real High 7,377 7,378 9,548 Details

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

Other Forecasting Options for Korea Alcohol

For every potential investor in Korea, whether a beginner or expert, Korea Alcohol'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 Alcohol's price trends.

Korea Alcohol Related Equities

Risk & Return

Correlation

Korea Alcohol Industrial 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 Alcohol'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 Alcohol's current price.

Korea Alcohol Market Strength Events

Korea Alcohol Risk Indicators

Pair Trading with Korea Alcohol

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

Other Information on Investing in Korea Stock