Ideanomics Stock Forecast - Triple Exponential Smoothing

IDEXDelisted Stock  USD 0.06  0.04  175.00%   
The Triple Exponential Smoothing forecasted value of Ideanomics on the next trading day is expected to be 0.06 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.42. Ideanomics Stock Forecast is based on your current time horizon.
  
Triple exponential smoothing for Ideanomics - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Ideanomics 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 trend in Ideanomics price movement. However, neither of these exponential smoothing models address any seasonality of Ideanomics.

Ideanomics Triple Exponential Smoothing Price Forecast For the 6th of March

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Ideanomics on the next trading day is expected to be 0.06 with a mean absolute deviation of 0.02, mean absolute percentage error of 0, and the sum of the absolute errors of 1.42.
Please note that although there have been many attempts to predict Ideanomics 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 Ideanomics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Ideanomics Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Ideanomics stock data series using in forecasting. Note that when a statistical model is used to represent Ideanomics 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 0.0032
MADMean absolute deviation0.0241
MAPEMean absolute percentage error3.1594
SAESum of the absolute errors1.4191
As with simple exponential smoothing, in triple exponential smoothing models past Ideanomics observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Ideanomics observations.

Predictive Modules for Ideanomics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ideanomics. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ideanomics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.000.0552.80
Details
Intrinsic
Valuation
LowRealHigh
0.000.0552.80
Details

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

Ideanomics Market Strength Events

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

Ideanomics Risk Indicators

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Risk vs Return Analysis 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 income.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Other Consideration for investing in Ideanomics Stock

If you are still planning to invest in Ideanomics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ideanomics' history and understand the potential risks before investing.
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