Eastern Silk Stock Forecast - Simple Exponential Smoothing
| EASTSILK | 1.80 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of Eastern Silk Industries on the next trading day is expected to be 1.80 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Eastern Stock Forecast is based on your current time horizon. Although Eastern Silk's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eastern Silk's systematic risk associated with finding meaningful patterns of Eastern Silk fundamentals over time.
Eastern |
Eastern Silk Simple Exponential Smoothing Price Forecast For the 19th of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Eastern Silk Industries on the next trading day is expected to be 1.80 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Eastern 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 Eastern Silk's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eastern Silk Stock Forecast Pattern
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Eastern Silk Forecasted Value
In the context of forecasting Eastern Silk'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. Eastern Silk's downside and upside margins for the forecasting period are 1.80 and 1.80, respectively. We have considered Eastern Silk'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.
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 Eastern Silk stock data series using in forecasting. Note that when a statistical model is used to represent Eastern Silk 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.| AIC | Akaike Information Criteria | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Eastern Silk
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Silk Industries. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eastern Silk's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Eastern Silk
For every potential investor in Eastern, whether a beginner or expert, Eastern Silk's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eastern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eastern. Basic forecasting techniques help filter out the noise by identifying Eastern Silk's price trends.Eastern Silk 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 Eastern Silk stock to make a market-neutral strategy. Peer analysis of Eastern Silk could also be used in its relative valuation, which is a method of valuing Eastern Silk by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eastern Silk Industries 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 Eastern Silk'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 Eastern Silk's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
Eastern Silk Market Strength Events
Market strength indicators help investors to evaluate how Eastern Silk stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastern Silk shares will generate the highest return on investment. By undertsting and applying Eastern Silk stock market strength indicators, traders can identify Eastern Silk Industries entry and exit signals to maximize returns.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Eastern Stock
Eastern Silk financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Silk security.