Birla Carbon Stock Forecast - Simple Exponential Smoothing

BCT Stock  THB 67.00  0.75  1.13%   
The Simple Exponential Smoothing forecasted value of Birla Carbon Public on the next trading day is expected to be 67.01 with a mean absolute deviation of 0.77 and the sum of the absolute errors of 46.05. Birla Stock Forecast is based on your current time horizon.
  
Birla Carbon 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 Birla Carbon Public are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Birla Carbon Public prices get older.

Birla Carbon Simple Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Birla Carbon Public on the next trading day is expected to be 67.01 with a mean absolute deviation of 0.77, mean absolute percentage error of 1.37, and the sum of the absolute errors of 46.05.
Please note that although there have been many attempts to predict Birla 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 Birla Carbon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Birla Carbon Stock Forecast Pattern

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Birla Carbon Forecasted Value

In the context of forecasting Birla Carbon'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. Birla Carbon's downside and upside margins for the forecasting period are 65.33 and 68.68, respectively. We have considered Birla Carbon'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
67.00
67.01
Expected Value
68.68
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 Birla Carbon stock data series using in forecasting. Note that when a statistical model is used to represent Birla Carbon 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 Criteria116.5864
BiasArithmetic mean of the errors 0.1402
MADMean absolute deviation0.7676
MAPEMean absolute percentage error0.0109
SAESum of the absolute errors46.0531
This simple exponential smoothing model begins by setting Birla Carbon Public forecast for the second period equal to the observation of the first period. In other words, recent Birla Carbon observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Birla Carbon

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Birla Carbon Public. 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
65.3167.0068.69
Details
Intrinsic
Valuation
LowRealHigh
56.1157.8073.70
Details

Other Forecasting Options for Birla Carbon

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

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

Birla Carbon Public 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 Birla Carbon'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 Birla Carbon's current price.

Birla Carbon Market Strength Events

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

Birla Carbon Risk Indicators

The analysis of Birla Carbon'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 Birla Carbon's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting birla 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 Birla Stock

Birla Carbon financial ratios help investors to determine whether Birla 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 Birla with respect to the benefits of owning Birla Carbon security.