Arita Prima Stock Forecast - Double Exponential Smoothing

APII Stock  IDR 173.00  1.00  0.57%   
The Double Exponential Smoothing forecasted value of Arita Prima Indonesia on the next trading day is expected to be 173.00 with a mean absolute deviation of 1.87 and the sum of the absolute errors of 112.23. Arita 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 Arita Prima works best with periods where there are trends or seasonality.

Arita Prima Double Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Arita Prima Indonesia on the next trading day is expected to be 173.00 with a mean absolute deviation of 1.87, mean absolute percentage error of 6.14, and the sum of the absolute errors of 112.23.
Please note that although there have been many attempts to predict Arita 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 Arita Prima's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Arita Prima Stock Forecast Pattern

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Arita Prima Forecasted Value

In the context of forecasting Arita Prima'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. Arita Prima's downside and upside margins for the forecasting period are 171.58 and 174.42, respectively. We have considered Arita Prima'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
173.00
171.58
Downside
173.00
Expected Value
174.42
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 Arita Prima stock data series using in forecasting. Note that when a statistical model is used to represent Arita Prima 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 0.1215
MADMean absolute deviation1.8705
MAPEMean absolute percentage error0.0105
SAESum of the absolute errors112.2291
When Arita Prima Indonesia 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 Arita Prima Indonesia 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 Arita Prima observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Arita Prima

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Arita Prima Indonesia. 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
171.58173.00174.42
Details
Intrinsic
Valuation
LowRealHigh
143.90145.32190.30
Details
Bollinger
Band Projection (param)
LowMiddleHigh
173.00173.00173.00
Details

Other Forecasting Options for Arita Prima

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

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

Arita Prima Indonesia 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 Arita Prima'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 Arita Prima's current price.

Arita Prima Market Strength Events

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

Arita Prima Risk Indicators

The analysis of Arita Prima'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 Arita Prima's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting arita 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 Arita Stock

Arita Prima financial ratios help investors to determine whether Arita 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 Arita with respect to the benefits of owning Arita Prima security.