Cheryong Electric Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Cheryong Electric - 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 Cheryong Electric 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 Cheryong Electric price movement. However, neither of these exponential smoothing models address any seasonality of Cheryong Electric CoLtd.

Cheryong Electric Triple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Cheryong Electric CoLtd on the next trading day is expected to be 43,080 with a mean absolute deviation of 1,810, mean absolute percentage error of 6,153,277, and the sum of the absolute errors of 106,807.

Cheryong Electric Stock Forecast Pattern

Backtest Cheryong Electric

Cheryong Electric Price Prediction

Buy or Sell Advice

Cheryong Electric 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 Cheryong Electric stock data series using in forecasting. Note that when a statistical model is used to represent Cheryong Electric 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 Cheryong Electric 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 Cheryong Electric CoLtd observations.

Predictive Modules for Cheryong Electric

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cheryong Electric CoLtd. 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 43,146 43,150 43,154 Details

Intrinsic Valuation Low Real High 39,119 39,123 47,465 Details

Other Forecasting Options for Cheryong Electric

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

Cheryong Electric Related Equities

Risk & Return

Correlation

Cheryong Electric CoLtd 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 Cheryong Electric'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 Cheryong Electric's current price.

Cheryong Electric Market Strength Events

Cheryong Electric Risk Indicators

Pair Trading with Cheryong Electric

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

Other Information on Investing in Cheryong Stock