Niching Industrial Stock Forecast - Double Exponential Smoothing

3444 Stock  TWD 80.00  2.70  3.26%   
The Double Exponential Smoothing forecasted value of Niching Industrial on the next trading day is expected to be 79.71 with a mean absolute deviation of 1.02 and the sum of the absolute errors of 60.01. Niching Stock Forecast is based on your current time horizon.
  
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 Niching Industrial works best with periods where there are trends or seasonality.

Niching Industrial Double Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Niching Industrial on the next trading day is expected to be 79.71 with a mean absolute deviation of 1.02, mean absolute percentage error of 1.72, and the sum of the absolute errors of 60.01.
Please note that although there have been many attempts to predict Niching 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 Niching Industrial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Niching Industrial Stock Forecast Pattern

Backtest Niching IndustrialNiching Industrial Price PredictionBuy or Sell Advice 

Niching Industrial Forecasted Value

In the context of forecasting Niching Industrial'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. Niching Industrial's downside and upside margins for the forecasting period are 78.08 and 81.33, respectively. We have considered Niching Industrial'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
80.00
79.71
Expected Value
81.33
Upside

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 Niching Industrial stock data series using in forecasting. Note that when a statistical model is used to represent Niching Industrial 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 CriteriaHuge
BiasArithmetic mean of the errors -0.053
MADMean absolute deviation1.0171
MAPEMean absolute percentage error0.0122
SAESum of the absolute errors60.0079
When Niching 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 Niching 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 Niching Industrial observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Niching Industrial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Niching 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
LowEstimatedHigh
78.3680.0081.64
Details
Intrinsic
Valuation
LowRealHigh
67.9669.6088.00
Details
Bollinger
Band Projection (param)
LowMiddleHigh
77.5881.6285.65
Details

Other Forecasting Options for Niching Industrial

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

Niching Industrial 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 Niching Industrial stock to make a market-neutral strategy. Peer analysis of Niching Industrial could also be used in its relative valuation, which is a method of valuing Niching Industrial by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Niching 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 Niching Industrial'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 Niching Industrial's current price.

Niching Industrial Market Strength Events

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

Niching Industrial Risk Indicators

The analysis of Niching Industrial'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 Niching Industrial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting niching 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 Niching Industrial

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

Moving together with Niching Stock

  0.813528 Answer TechnologyPairCorr

Moving against Niching Stock

  0.762881A Fubon Financial HoldingPairCorr
  0.732882B Cathay Financial HoldingPairCorr
  0.672603 Evergreen Marine CorpPairCorr
  0.672317 Hon Hai PrecisionPairCorr
  0.670050 YuantaP shares TaiwanPairCorr
The ability to find closely correlated positions to Niching Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Niching Industrial 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 Niching Industrial - 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 Niching Industrial to buy it.
The correlation of Niching Industrial 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 Niching Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Niching Industrial 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 Niching Industrial 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

Additional Tools for Niching Stock Analysis

When running Niching Industrial's price analysis, check to measure Niching Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Niching Industrial is operating at the current time. Most of Niching Industrial's value examination focuses on studying past and present price action to predict the probability of Niching Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Niching Industrial's price. Additionally, you may evaluate how the addition of Niching Industrial to your portfolios can decrease your overall portfolio volatility.