Jonjee Hi Stock Forecast - Double Exponential Smoothing

600872 Stock   24.55  0.42  1.74%   
The Double Exponential Smoothing forecasted value of Jonjee Hi tech Industrial on the next trading day is expected to be 24.79 with a mean absolute deviation of 0.53 and the sum of the absolute errors of 31.72. Jonjee Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Jonjee Hi stock prices and determine the direction of Jonjee Hi tech Industrial's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Jonjee Hi's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Jonjee Hi's Other Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 4.4 B, whereas Total Assets are forecasted to decline to about 4.3 B.
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 Jonjee Hi works best with periods where there are trends or seasonality.

Jonjee Hi Double Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Jonjee Hi tech Industrial on the next trading day is expected to be 24.79 with a mean absolute deviation of 0.53, mean absolute percentage error of 0.51, and the sum of the absolute errors of 31.72.
Please note that although there have been many attempts to predict Jonjee 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 Jonjee Hi's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Jonjee Hi Stock Forecast Pattern

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Jonjee Hi Forecasted Value

In the context of forecasting Jonjee Hi'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. Jonjee Hi's downside and upside margins for the forecasting period are 21.43 and 28.15, respectively. We have considered Jonjee Hi'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
24.55
24.79
Expected Value
28.15
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 Jonjee Hi stock data series using in forecasting. Note that when a statistical model is used to represent Jonjee Hi 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 0.1123
MADMean absolute deviation0.5287
MAPEMean absolute percentage error0.0244
SAESum of the absolute errors31.72
When Jonjee Hi tech Industrial 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 Jonjee Hi tech Industrial 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 Jonjee Hi observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Jonjee Hi

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jonjee Hi tech. 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
21.1924.5527.91
Details
Intrinsic
Valuation
LowRealHigh
22.1028.9732.33
Details
Bollinger
Band Projection (param)
LowMiddleHigh
20.8922.8924.90
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jonjee Hi. Your research has to be compared to or analyzed against Jonjee Hi's peers to derive any actionable benefits. When done correctly, Jonjee Hi'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 Jonjee Hi tech.

Other Forecasting Options for Jonjee Hi

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

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

Jonjee Hi tech 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 Jonjee Hi'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 Jonjee Hi's current price.

Jonjee Hi Market Strength Events

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

Jonjee Hi Risk Indicators

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

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Other Information on Investing in Jonjee Stock

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