Jakarta Setiabudi Stock Forecast - Simple Exponential Smoothing

JSPT Stock  IDR 10,800  1,800  20.00%   
The Simple Exponential Smoothing forecasted value of Jakarta Setiabudi Internasional on the next trading day is expected to be 10,800 with a mean absolute deviation of 375.33 and the sum of the absolute errors of 22,520. Jakarta Stock Forecast is based on your current time horizon.
  
Jakarta Setiabudi 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 Jakarta Setiabudi Internasional are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Jakarta Setiabudi prices get older.

Jakarta Setiabudi Simple Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Jakarta Setiabudi Internasional on the next trading day is expected to be 10,800 with a mean absolute deviation of 375.33, mean absolute percentage error of 348,979, and the sum of the absolute errors of 22,520.
Please note that although there have been many attempts to predict Jakarta 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 Jakarta Setiabudi's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Jakarta Setiabudi Stock Forecast Pattern

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Jakarta Setiabudi Forecasted Value

In the context of forecasting Jakarta Setiabudi'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. Jakarta Setiabudi's downside and upside margins for the forecasting period are 10,789 and 10,811, respectively. We have considered Jakarta Setiabudi'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
10,800
10,789
Downside
10,800
Expected Value
10,811
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 Jakarta Setiabudi stock data series using in forecasting. Note that when a statistical model is used to represent Jakarta Setiabudi 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 Criteria129.0354
BiasArithmetic mean of the errors -141.5
MADMean absolute deviation375.3333
MAPEMean absolute percentage error0.0692
SAESum of the absolute errors22520.0
This simple exponential smoothing model begins by setting Jakarta Setiabudi Internasional forecast for the second period equal to the observation of the first period. In other words, recent Jakarta Setiabudi observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Jakarta Setiabudi

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jakarta Setiabudi. 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
10,78910,80010,811
Details
Intrinsic
Valuation
LowRealHigh
8,6298,64011,880
Details

Other Forecasting Options for Jakarta Setiabudi

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

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

Jakarta Setiabudi 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 Jakarta Setiabudi'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 Jakarta Setiabudi's current price.

Jakarta Setiabudi Market Strength Events

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

Jakarta Setiabudi Risk Indicators

The analysis of Jakarta Setiabudi'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 Jakarta Setiabudi's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jakarta 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 Jakarta Stock

Jakarta Setiabudi financial ratios help investors to determine whether Jakarta 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 Jakarta with respect to the benefits of owning Jakarta Setiabudi security.