Guangdong Skychem Stock Forecast - Triple Exponential Smoothing

688603 Stock   128.22  0.02  0.02%   
The Triple Exponential Smoothing forecasted value of Guangdong Skychem Technology on the next trading day is expected to be 129.58 with a mean absolute deviation of 3.76 and the sum of the absolute errors of 221.72. Guangdong Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Guangdong Skychem stock prices and determine the direction of Guangdong Skychem Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Guangdong Skychem's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Triple exponential smoothing for Guangdong Skychem - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Guangdong Skychem 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 trend in Guangdong Skychem price movement. However, neither of these exponential smoothing models address any seasonality of Guangdong Skychem.

Guangdong Skychem Triple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Guangdong Skychem Technology on the next trading day is expected to be 129.58 with a mean absolute deviation of 3.76, mean absolute percentage error of 26.12, and the sum of the absolute errors of 221.72.
Please note that although there have been many attempts to predict Guangdong 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 Guangdong Skychem's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Guangdong Skychem Stock Forecast Pattern

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Guangdong Skychem Forecasted Value

In the context of forecasting Guangdong Skychem'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. Guangdong Skychem's downside and upside margins for the forecasting period are 124.55 and 134.61, respectively. We have considered Guangdong Skychem'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
128.22
124.55
Downside
129.58
Expected Value
134.61
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Guangdong Skychem stock data series using in forecasting. Note that when a statistical model is used to represent Guangdong Skychem 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 0.2024
MADMean absolute deviation3.758
MAPEMean absolute percentage error0.036
SAESum of the absolute errors221.72
As with simple exponential smoothing, in triple exponential smoothing models past Guangdong Skychem observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Guangdong Skychem Technology observations.

Predictive Modules for Guangdong Skychem

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Guangdong Skychem. 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
123.19128.22133.25
Details
Intrinsic
Valuation
LowRealHigh
97.55102.58141.04
Details

Other Forecasting Options for Guangdong Skychem

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

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

Guangdong Skychem 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 Guangdong Skychem'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 Guangdong Skychem's current price.

Guangdong Skychem Market Strength Events

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

Guangdong Skychem Risk Indicators

The analysis of Guangdong Skychem'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 Guangdong Skychem's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting guangdong 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 Guangdong Stock

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