Zhuhai Bojay Stock Forecast - Double Exponential Smoothing

002975 Stock   35.09  2.09  5.62%   
The Double Exponential Smoothing forecasted value of Zhuhai Bojay Electronics on the next trading day is expected to be 35.27 with a mean absolute deviation of 1.03 and the sum of the absolute errors of 60.52. Zhuhai Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Zhuhai Bojay stock prices and determine the direction of Zhuhai Bojay Electronics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Zhuhai Bojay's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Zhuhai Bojay's Net Tangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 121.9 M, whereas Other Current Liabilities is forecasted to decline to about 3.9 M.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Zhuhai Bojay works best with periods where there are trends or seasonality.

Zhuhai Bojay Double Exponential Smoothing Price Forecast For the 24th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Zhuhai Bojay Electronics on the next trading day is expected to be 35.27 with a mean absolute deviation of 1.03, mean absolute percentage error of 1.90, and the sum of the absolute errors of 60.52.
Please note that although there have been many attempts to predict Zhuhai 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 Zhuhai Bojay's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Zhuhai Bojay Stock Forecast Pattern

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Zhuhai Bojay Forecasted Value

In the context of forecasting Zhuhai Bojay'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. Zhuhai Bojay's downside and upside margins for the forecasting period are 31.12 and 39.41, respectively. We have considered Zhuhai Bojay'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
35.09
35.27
Expected Value
39.41
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Zhuhai Bojay stock data series using in forecasting. Note that when a statistical model is used to represent Zhuhai Bojay 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 0.2267
MADMean absolute deviation1.0258
MAPEMean absolute percentage error0.0324
SAESum of the absolute errors60.5205
When Zhuhai Bojay Electronics 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 Zhuhai Bojay Electronics trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Zhuhai Bojay observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Zhuhai Bojay

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhuhai Bojay Electronics. 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
31.9836.1140.24
Details
Intrinsic
Valuation
LowRealHigh
23.6227.7538.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhuhai Bojay. Your research has to be compared to or analyzed against Zhuhai Bojay's peers to derive any actionable benefits. When done correctly, Zhuhai Bojay'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 Zhuhai Bojay Electronics.

Other Forecasting Options for Zhuhai Bojay

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

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

Zhuhai Bojay Electronics 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 Zhuhai Bojay'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 Zhuhai Bojay's current price.

Zhuhai Bojay Market Strength Events

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

Zhuhai Bojay Risk Indicators

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

Other Information on Investing in Zhuhai Stock

Zhuhai Bojay financial ratios help investors to determine whether Zhuhai 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 Zhuhai with respect to the benefits of owning Zhuhai Bojay security.