Ajusteel Stock Forecast - Simple Exponential Smoothing

139990 Stock   4,060  50.00  1.25%   
The Simple Exponential Smoothing forecasted value of Ajusteel Co on the next trading day is expected to be 4,060 with a mean absolute deviation of 67.05 and the sum of the absolute errors of 4,090. Ajusteel Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ajusteel stock prices and determine the direction of Ajusteel Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ajusteel's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Ajusteel 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 Ajusteel Co are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Ajusteel prices get older.

Ajusteel Simple Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Ajusteel Co on the next trading day is expected to be 4,060 with a mean absolute deviation of 67.05, mean absolute percentage error of 8,368, and the sum of the absolute errors of 4,090.
Please note that although there have been many attempts to predict Ajusteel 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 Ajusteel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Ajusteel Stock Forecast Pattern

Backtest AjusteelAjusteel Price PredictionBuy or Sell Advice 

Ajusteel Forecasted Value

In the context of forecasting Ajusteel'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. Ajusteel's downside and upside margins for the forecasting period are 4,058 and 4,062, respectively. We have considered Ajusteel'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
4,060
4,060
Expected Value
4,062
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 Ajusteel stock data series using in forecasting. Note that when a statistical model is used to represent Ajusteel 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 Criteria127.1427
BiasArithmetic mean of the errors 16.5574
MADMean absolute deviation67.0492
MAPEMean absolute percentage error0.0145
SAESum of the absolute errors4090.0
This simple exponential smoothing model begins by setting Ajusteel Co forecast for the second period equal to the observation of the first period. In other words, recent Ajusteel observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Ajusteel

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ajusteel. 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
4,0584,0604,062
Details
Intrinsic
Valuation
LowRealHigh
3,2873,2894,466
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ajusteel. Your research has to be compared to or analyzed against Ajusteel's peers to derive any actionable benefits. When done correctly, Ajusteel'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 Ajusteel.

Other Forecasting Options for Ajusteel

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

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

Ajusteel 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 Ajusteel'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 Ajusteel's current price.

Ajusteel Market Strength Events

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

Ajusteel Risk Indicators

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

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

Moving together with Ajusteel Stock

  0.89002690 Dong Il SteelPairCorr
  0.7008260 Ni SteelPairCorr
  0.87007280 Korea SteelPairCorr

Moving against Ajusteel Stock

  0.91035420 NaverPairCorr
  0.7133820 FinebesteelPairCorr
  0.51011200 HMM CoPairCorr
The ability to find closely correlated positions to Ajusteel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ajusteel 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 Ajusteel - 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 Ajusteel Co to buy it.
The correlation of Ajusteel 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 Ajusteel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ajusteel 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 Ajusteel 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 Ajusteel Stock

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