Sukgyung Stock Forecast - Simple Exponential Smoothing

357550 Stock  KRW 39,750  200.00  0.51%   
The Simple Exponential Smoothing forecasted value of Sukgyung AT Co on the next trading day is expected to be 39,750 with a mean absolute deviation of 555.00 and the sum of the absolute errors of 33,300. Sukgyung Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sukgyung stock prices and determine the direction of Sukgyung AT Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sukgyung's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Sukgyung simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Sukgyung AT Co are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Sukgyung AT prices get older.

Sukgyung Simple Exponential Smoothing Price Forecast For the 2nd of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Sukgyung AT Co on the next trading day is expected to be 39,750 with a mean absolute deviation of 555.00, mean absolute percentage error of 561,083, and the sum of the absolute errors of 33,300.
Please note that although there have been many attempts to predict Sukgyung 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 Sukgyung's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sukgyung Stock Forecast Pattern

Backtest SukgyungSukgyung Price PredictionBuy or Sell Advice 

Sukgyung Forecasted Value

In the context of forecasting Sukgyung'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. Sukgyung's downside and upside margins for the forecasting period are 39,748 and 39,752, respectively. We have considered Sukgyung'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
39,750
39,748
Downside
39,750
Expected Value
39,752
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Sukgyung stock data series using in forecasting. Note that when a statistical model is used to represent Sukgyung 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 Criteria129.5102
BiasArithmetic mean of the errors 101.6667
MADMean absolute deviation555.0
MAPEMean absolute percentage error0.0126
SAESum of the absolute errors33300.0
This simple exponential smoothing model begins by setting Sukgyung AT Co forecast for the second period equal to the observation of the first period. In other words, recent Sukgyung observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Sukgyung

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sukgyung AT. 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
39,74839,75039,752
Details
Intrinsic
Valuation
LowRealHigh
36,19036,19243,725
Details
Bollinger
Band Projection (param)
LowMiddleHigh
38,22839,56540,902
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sukgyung. Your research has to be compared to or analyzed against Sukgyung's peers to derive any actionable benefits. When done correctly, Sukgyung'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 Sukgyung AT.

Other Forecasting Options for Sukgyung

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

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

Sukgyung AT 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 Sukgyung'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 Sukgyung's current price.

Sukgyung Market Strength Events

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

Sukgyung Risk Indicators

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

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

Moving together with Sukgyung Stock

  0.63051915 LG ChemPairCorr
  0.89278280 ChunboPairCorr
  0.66213420 DukSan Neolux CoLtdPairCorr
  0.91298000 Hyosung Chemical CorpPairCorr
  0.89220260 LIG ES SPACPairCorr

Moving against Sukgyung Stock

  0.63032830 Samsung LifePairCorr
  0.53105560 KB Financial GroupPairCorr
  0.49316140 Woori Financial GroupPairCorr
The ability to find closely correlated positions to Sukgyung could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sukgyung 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 Sukgyung - 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 Sukgyung AT Co to buy it.
The correlation of Sukgyung 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 Sukgyung moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sukgyung AT 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 Sukgyung 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

Other Information on Investing in Sukgyung Stock

Sukgyung financial ratios help investors to determine whether Sukgyung Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sukgyung with respect to the benefits of owning Sukgyung security.