JUSUNG ENGINEERING 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 JUSUNG ENGINEERING works best with periods where there are trends or seasonality.

JUSUNG ENGINEERING Double Exponential Smoothing Price Forecast For the 2nd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of JUSUNG ENGINEERING Co on the next trading day is expected to be 27,669 with a mean absolute deviation of 743.11, mean absolute percentage error of 1,058,730, and the sum of the absolute errors of 43,844.

JUSUNG ENGINEERING Stock Forecast Pattern

Backtest JUSUNG ENGINEERING

JUSUNG ENGINEERING Price Prediction

Buy or Sell Advice

JUSUNG ENGINEERING 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 JUSUNG ENGINEERING stock data series using in forecasting. Note that when a statistical model is used to represent JUSUNG ENGINEERING 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 JUSUNG ENGINEERING Co 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 JUSUNG ENGINEERING Co 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 JUSUNG ENGINEERING observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for JUSUNG ENGINEERING

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JUSUNG ENGINEERING. 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 27,896 27,900 27,904 Details

Intrinsic Valuation Low Real High 23,254 23,258 30,690 Details

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

Other Forecasting Options for JUSUNG ENGINEERING

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

JUSUNG ENGINEERING Related Equities

Risk & Return

Correlation

JUSUNG ENGINEERING 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 JUSUNG ENGINEERING'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 JUSUNG ENGINEERING's current price.

JUSUNG ENGINEERING Market Strength Events

JUSUNG ENGINEERING Risk Indicators

Pair Trading with JUSUNG ENGINEERING

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

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