Bosideng International Stock Forecast - Simple Exponential Smoothing

3BD Stock  EUR 0.51  0.01  2.00%   
The Simple Exponential Smoothing forecasted value of Bosideng International Holdings on the next trading day is expected to be 0.51 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.03. Bosideng Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Bosideng International's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Bosideng International 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 Bosideng International Holdings are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Bosideng International prices get older.

Bosideng International Simple Exponential Smoothing Price Forecast For the 11th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Bosideng International Holdings on the next trading day is expected to be 0.51 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0005, and the sum of the absolute errors of 1.03.
Please note that although there have been many attempts to predict Bosideng 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 Bosideng International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bosideng International Stock Forecast Pattern

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Bosideng International Forecasted Value

In the context of forecasting Bosideng International'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. Bosideng International's downside and upside margins for the forecasting period are 0.01 and 4.82, respectively. We have considered Bosideng International'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
0.51
0.51
Expected Value
4.82
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 Bosideng International stock data series using in forecasting. Note that when a statistical model is used to represent Bosideng International 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 Criteria110.4491
BiasArithmetic mean of the errors -0.0016
MADMean absolute deviation0.0169
MAPEMean absolute percentage error0.0325
SAESum of the absolute errors1.0322
This simple exponential smoothing model begins by setting Bosideng International Holdings forecast for the second period equal to the observation of the first period. In other words, recent Bosideng International observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Bosideng International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bosideng International. 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
0.030.514.82
Details
Intrinsic
Valuation
LowRealHigh
0.020.434.74
Details

Other Forecasting Options for Bosideng International

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

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

Bosideng International 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 Bosideng International'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 Bosideng International's current price.

Bosideng International Market Strength Events

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

Bosideng International Risk Indicators

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

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Other Information on Investing in Bosideng Stock

Bosideng International financial ratios help investors to determine whether Bosideng 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 Bosideng with respect to the benefits of owning Bosideng International security.