GRINM Semiconductor Stock Forecast - Simple Exponential Smoothing

688432 Stock   12.53  0.13  1.05%   
The Simple Exponential Smoothing forecasted value of GRINM Semiconductor Materials on the next trading day is expected to be 12.53 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 20.53. GRINM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GRINM Semiconductor stock prices and determine the direction of GRINM Semiconductor Materials's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of GRINM Semiconductor's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
GRINM Semiconductor 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 GRINM Semiconductor Materials are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as GRINM Semiconductor prices get older.

GRINM Semiconductor Simple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of GRINM Semiconductor Materials on the next trading day is expected to be 12.53 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.29, and the sum of the absolute errors of 20.53.
Please note that although there have been many attempts to predict GRINM 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 GRINM Semiconductor's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

GRINM Semiconductor Stock Forecast Pattern

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GRINM Semiconductor Forecasted Value

In the context of forecasting GRINM Semiconductor'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. GRINM Semiconductor's downside and upside margins for the forecasting period are 7.77 and 17.29, respectively. We have considered GRINM Semiconductor'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
12.53
12.53
Expected Value
17.29
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 GRINM Semiconductor stock data series using in forecasting. Note that when a statistical model is used to represent GRINM Semiconductor 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 Criteria115.0241
BiasArithmetic mean of the errors -0.0652
MADMean absolute deviation0.3422
MAPEMean absolute percentage error0.0283
SAESum of the absolute errors20.53
This simple exponential smoothing model begins by setting GRINM Semiconductor Materials forecast for the second period equal to the observation of the first period. In other words, recent GRINM Semiconductor observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for GRINM Semiconductor

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GRINM Semiconductor. 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
7.5312.2917.05
Details
Intrinsic
Valuation
LowRealHigh
5.169.9214.68
Details
Bollinger
Band Projection (param)
LowMiddleHigh
12.3712.4712.56
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GRINM Semiconductor. Your research has to be compared to or analyzed against GRINM Semiconductor's peers to derive any actionable benefits. When done correctly, GRINM Semiconductor'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 GRINM Semiconductor.

Other Forecasting Options for GRINM Semiconductor

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

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

GRINM Semiconductor 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 GRINM Semiconductor'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 GRINM Semiconductor's current price.

GRINM Semiconductor Market Strength Events

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

GRINM Semiconductor Risk Indicators

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

Currently Active Assets on Macroaxis

Other Information on Investing in GRINM Stock

GRINM Semiconductor financial ratios help investors to determine whether GRINM 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 GRINM with respect to the benefits of owning GRINM Semiconductor security.