Koryo Credit Stock Forecast - Simple Exponential Smoothing

049720 Stock  KRW 10,110  90.00  0.88%   
The Simple Exponential Smoothing forecasted value of Koryo Credit Information on the next trading day is expected to be 10,110 with a mean absolute deviation of 68.36 and the sum of the absolute errors of 4,101. Koryo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Koryo Credit stock prices and determine the direction of Koryo Credit Information's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Koryo Credit's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Koryo Credit 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 Koryo Credit Information are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Koryo Credit Information prices get older.

Koryo Credit Simple Exponential Smoothing Price Forecast For the 31st of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Koryo Credit Information on the next trading day is expected to be 10,110 with a mean absolute deviation of 68.36, mean absolute percentage error of 9,054, and the sum of the absolute errors of 4,101.
Please note that although there have been many attempts to predict Koryo 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 Koryo Credit's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Koryo Credit Stock Forecast Pattern

Backtest Koryo CreditKoryo Credit Price PredictionBuy or Sell Advice 

Koryo Credit Forecasted Value

In the context of forecasting Koryo Credit'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. Koryo Credit's downside and upside margins for the forecasting period are 10,109 and 10,111, respectively. We have considered Koryo Credit'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
10,110
10,109
Downside
10,110
Expected Value
10,111
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 Koryo Credit stock data series using in forecasting. Note that when a statistical model is used to represent Koryo Credit 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 Criteria125.3835
BiasArithmetic mean of the errors -4.548
MADMean absolute deviation68.3563
MAPEMean absolute percentage error0.007
SAESum of the absolute errors4101.38
This simple exponential smoothing model begins by setting Koryo Credit Information forecast for the second period equal to the observation of the first period. In other words, recent Koryo Credit observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Koryo Credit

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Koryo Credit Information. 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
10,10910,11010,111
Details
Intrinsic
Valuation
LowRealHigh
9,9369,93711,121
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Koryo Credit. Your research has to be compared to or analyzed against Koryo Credit's peers to derive any actionable benefits. When done correctly, Koryo Credit'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 Koryo Credit Information.

Other Forecasting Options for Koryo Credit

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

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

Koryo Credit Information 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 Koryo Credit'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 Koryo Credit's current price.

Koryo Credit Market Strength Events

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

Koryo Credit Risk Indicators

The analysis of Koryo Credit'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 Koryo Credit's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting koryo 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.

Pair Trading with Koryo Credit

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 Koryo Credit 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 Koryo Credit will appreciate offsetting losses from the drop in the long position's value.

Moving against Koryo Stock

  0.57000660 SK HynixPairCorr
  0.56055550 Shinhan FinancialPairCorr
  0.53003920 Namyang DairyPairCorr
  0.33105560 KB Financial GroupPairCorr
The ability to find closely correlated positions to Koryo Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Koryo Credit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Koryo Credit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Koryo Credit Information to buy it.
The correlation of Koryo Credit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Koryo Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Koryo Credit Information moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Koryo Credit can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Koryo Stock

Koryo Credit financial ratios help investors to determine whether Koryo 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 Koryo with respect to the benefits of owning Koryo Credit security.