Petrolimex Petrochemical Stock Forecast - Simple Exponential Smoothing

Petrolimex Petrochemical 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 Petrolimex Petrochemical JSC are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Petrolimex Petrochemical prices get older.

Petrolimex Petrochemical Simple Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Petrolimex Petrochemical JSC on the next trading day is expected to be 21,900 with a mean absolute deviation of 258.33, mean absolute percentage error of 142,167, and the sum of the absolute errors of 15,500.

Petrolimex Petrochemical Stock Forecast Pattern

Backtest Petrolimex Petrochemical

Petrolimex Petrochemical Price Prediction

Buy or Sell Advice

Petrolimex Petrochemical Forecasted Value

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 Petrolimex Petrochemical stock data series using in forecasting. Note that when a statistical model is used to represent Petrolimex Petrochemical 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. This simple exponential smoothing model begins by setting Petrolimex Petrochemical JSC forecast for the second period equal to the observation of the first period. In other words, recent Petrolimex Petrochemical observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Petrolimex Petrochemical

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Petrolimex Petrochemical. 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 Low Estimated High 21,898 21,900 21,902 Details

Intrinsic Valuation Low Real High 20,365 20,367 24,090 Details

Bollinger Band Projection (param) Low Middle High 21,272 21,680 22,088 Details

Other Forecasting Options for Petrolimex Petrochemical

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

Petrolimex Petrochemical Related Equities

Risk & Return

Correlation

Petrolimex Petrochemical 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 Petrolimex Petrochemical'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 Petrolimex Petrochemical's current price.

Petrolimex Petrochemical Market Strength Events

Petrolimex Petrochemical Risk Indicators

Pair Trading with Petrolimex Petrochemical

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

Other Information on Investing in Petrolimex Stock