Quintain Steel Stock Forecast - Double Exponential Smoothing

2017 Stock  TWD 11.55  0.05  0.43%   
The Double Exponential Smoothing forecasted value of Quintain Steel Co on the next trading day is expected to be 11.52 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.89. Quintain Stock Forecast is based on your current time horizon.
  
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 Quintain Steel works best with periods where there are trends or seasonality.

Quintain Steel Double Exponential Smoothing Price Forecast For the 3rd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Quintain Steel Co on the next trading day is expected to be 11.52 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.04, and the sum of the absolute errors of 7.89.
Please note that although there have been many attempts to predict Quintain 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 Quintain Steel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Quintain Steel Stock Forecast Pattern

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Quintain Steel Forecasted Value

In the context of forecasting Quintain Steel'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. Quintain Steel's downside and upside margins for the forecasting period are 9.96 and 13.08, respectively. We have considered Quintain Steel'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
11.55
11.52
Expected Value
13.08
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 Quintain Steel stock data series using in forecasting. Note that when a statistical model is used to represent Quintain Steel 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 -0.0161
MADMean absolute deviation0.1337
MAPEMean absolute percentage error0.0109
SAESum of the absolute errors7.8896
When Quintain Steel Co 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 Quintain Steel Co 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 Quintain Steel observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Quintain Steel

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Quintain Steel. 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
9.9911.5513.11
Details
Intrinsic
Valuation
LowRealHigh
10.4211.9813.54
Details
Bollinger
Band Projection (param)
LowMiddleHigh
11.4811.8612.25
Details

Other Forecasting Options for Quintain Steel

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

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

Quintain Steel 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 Quintain Steel'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 Quintain Steel's current price.

Quintain Steel Market Strength Events

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

Quintain Steel Risk Indicators

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

Additional Tools for Quintain Stock Analysis

When running Quintain Steel's price analysis, check to measure Quintain Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quintain Steel is operating at the current time. Most of Quintain Steel's value examination focuses on studying past and present price action to predict the probability of Quintain Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quintain Steel's price. Additionally, you may evaluate how the addition of Quintain Steel to your portfolios can decrease your overall portfolio volatility.