Lotte Energy Stock Forecast - Double Exponential Smoothing

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 Lotte Energy works best with periods where there are trends or seasonality.

Lotte Energy Double Exponential Smoothing Price Forecast For the 2nd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Lotte Energy Materials on the next trading day is expected to be 23,436 with a mean absolute deviation of 1,072, mean absolute percentage error of 1,766,219, and the sum of the absolute errors of 63,236.

Lotte Energy Stock Forecast Pattern

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Lotte Energy Forecasted Value

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 Lotte Energy stock data series using in forecasting. Note that when a statistical model is used to represent Lotte Energy 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. When Lotte Energy Materials 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 Lotte Energy Materials 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 Lotte Energy observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Lotte Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lotte Energy Materials. 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 23,997 24,000 24,003 Details

Intrinsic Valuation Low Real High 23,037 23,040 26,400 Details

Bollinger Band Projection (param) Low Middle High 23,675 25,885 28,095 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Lotte Energy. Your research has to be compared to or analyzed against Lotte Energy's peers to derive any actionable benefits. When done correctly, Lotte Energy'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 Lotte Energy Materials.

Other Forecasting Options for Lotte Energy

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

Lotte Energy Related Equities

Risk & Return

Correlation

Lotte Energy Materials 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 Lotte Energy'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 Lotte Energy's current price.

Lotte Energy Market Strength Events

Lotte Energy Risk Indicators

Pair Trading with Lotte Energy

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 Lotte Energy 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 Lotte Energy will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Lotte Stock