Qilu Bank Stock Forecast - Simple Exponential Smoothing

601665 Stock   5.29  0.05  0.95%   
The Simple Exponential Smoothing forecasted value of Qilu Bank Co on the next trading day is expected to be 5.29 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 5.09. Qilu Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Qilu Bank stock prices and determine the direction of Qilu Bank Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Qilu Bank's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Qilu Bank's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 56.2 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 3.4 B.
Qilu Bank 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 Qilu Bank Co are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Qilu Bank prices get older.

Qilu Bank Simple Exponential Smoothing Price Forecast For the 10th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Qilu Bank Co on the next trading day is expected to be 5.29 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.09.
Please note that although there have been many attempts to predict Qilu 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 Qilu Bank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Qilu Bank Stock Forecast Pattern

Backtest Qilu BankQilu Bank Price PredictionBuy or Sell Advice 

Qilu Bank Forecasted Value

In the context of forecasting Qilu Bank'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. Qilu Bank's downside and upside margins for the forecasting period are 2.94 and 7.64, respectively. We have considered Qilu Bank'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
5.29
5.29
Expected Value
7.64
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 Qilu Bank stock data series using in forecasting. Note that when a statistical model is used to represent Qilu Bank 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 Criteria112.0419
BiasArithmetic mean of the errors -0.0138
MADMean absolute deviation0.0848
MAPEMean absolute percentage error0.0167
SAESum of the absolute errors5.09
This simple exponential smoothing model begins by setting Qilu Bank Co forecast for the second period equal to the observation of the first period. In other words, recent Qilu Bank observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Qilu Bank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Qilu Bank. 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
2.955.307.65
Details
Intrinsic
Valuation
LowRealHigh
1.964.316.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qilu Bank. Your research has to be compared to or analyzed against Qilu Bank's peers to derive any actionable benefits. When done correctly, Qilu Bank'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 Qilu Bank.

Other Forecasting Options for Qilu Bank

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

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

Qilu Bank 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 Qilu Bank'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 Qilu Bank's current price.

Qilu Bank Market Strength Events

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

Qilu Bank Risk Indicators

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

Currently Active Assets on Macroaxis

Other Information on Investing in Qilu Stock

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