Doosan Engine Stock Forecast - Simple Moving Average

082740 Stock   23,350  350.00  1.48%   
The Simple Moving Average forecasted value of Doosan Engine Co on the next trading day is expected to be 23,350 with a mean absolute deviation of 786.69 and the sum of the absolute errors of 46,415. Investors can use prediction functions to forecast Doosan Engine's stock prices and determine the direction of Doosan Engine Co's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Doosan Engine's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
  
A two period moving average forecast for Doosan Engine is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Doosan Engine Simple Moving Average Price Forecast For the 17th of March 2025

Given 90 days horizon, the Simple Moving Average forecasted value of Doosan Engine Co on the next trading day is expected to be 23,350 with a mean absolute deviation of 786.69, mean absolute percentage error of 1,112,944, and the sum of the absolute errors of 46,415.
Please note that although there have been many attempts to predict Doosan Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Doosan Engine's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Doosan Engine Stock Forecast Pattern

Doosan Engine Forecasted Value

In the context of forecasting Doosan Engine's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Doosan Engine's downside and upside margins for the forecasting period are 23,346 and 23,354, respectively. We have considered Doosan Engine's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
23,350
23,346
Downside
23,350
Expected Value
23,354
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Doosan Engine stock data series using in forecasting. Note that when a statistical model is used to represent Doosan Engine 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.
AICAkaike Information Criteria128.3573
BiasArithmetic mean of the errors -188.7288
MADMean absolute deviation786.6949
MAPEMean absolute percentage error0.0348
SAESum of the absolute errors46415.0
The simple moving average model is conceptually a linear regression of the current value of Doosan Engine Co price series against current and previous (unobserved) value of Doosan Engine. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Doosan Engine

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Doosan Engine. 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Doosan Engine. Your research has to be compared to or analyzed against Doosan Engine's peers to derive any actionable benefits. When done correctly, Doosan Engine'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 Doosan Engine.

Other Forecasting Options for Doosan Engine

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

Doosan Engine Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Doosan Engine stock to make a market-neutral strategy. Peer analysis of Doosan Engine could also be used in its relative valuation, which is a method of valuing Doosan Engine by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Doosan Engine 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 Doosan Engine'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 Doosan Engine's current price.

Doosan Engine Market Strength Events

Market strength indicators help investors to evaluate how Doosan Engine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Doosan Engine shares will generate the highest return on investment. By undertsting and applying Doosan Engine stock market strength indicators, traders can identify Doosan Engine Co entry and exit signals to maximize returns.

Doosan Engine Risk Indicators

The analysis of Doosan Engine's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Doosan Engine's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting doosan stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pair Trading with Doosan Engine

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

Moving together with Doosan Stock

  0.81000660 SK HynixPairCorr
  0.79207940 Samsung BiologicsPairCorr

Moving against Doosan Stock

  0.79051915 LG ChemPairCorr
  0.73006400 Samsung SDIPairCorr
  0.66051910 LG ChemicalsPairCorr
  0.61373220 LG Energy SolutionPairCorr
The ability to find closely correlated positions to Doosan Engine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doosan Engine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Doosan Engine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Doosan Engine Co to buy it.
The correlation of Doosan Engine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doosan Engine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doosan Engine moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Doosan Engine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching