Doosan Bobcat 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 Doosan Bobcat works best with periods where there are trends or seasonality.

Doosan Bobcat Double Exponential Smoothing Price Forecast For the 22nd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Doosan Bobcat on the next trading day is expected to be 47,721 with a mean absolute deviation of 896.75, mean absolute percentage error of 1,469,314, and the sum of the absolute errors of 53,805.

Doosan Bobcat Stock Forecast Pattern

Backtest Doosan Bobcat

Doosan Bobcat Price Prediction

Buy or Sell Advice

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

Predictive Modules for Doosan Bobcat

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Doosan Bobcat. 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 47,197 47,200 47,203 Details

Intrinsic Valuation Low Real High 44,837 44,840 51,920 Details

Bollinger Band Projection (param) Low Middle High 37,205 42,222 47,240 Details

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

Other Forecasting Options for Doosan Bobcat

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

Doosan Bobcat Related Equities

Risk & Return

Correlation

Doosan Bobcat 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 Doosan Bobcat'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 Doosan Bobcat's current price.

Doosan Bobcat Market Strength Events

Doosan Bobcat Risk Indicators

Pair Trading with Doosan Bobcat

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

Other Information on Investing in Doosan Stock