Lam Dong Stock Forecast - Double Exponential Smoothing

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 Lam Dong works best with periods where there are trends or seasonality.

Lam Dong Double Exponential Smoothing Price Forecast For the 28th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Lam Dong Pharmaceutical on the next trading day is expected to be 10,227 with a mean absolute deviation of 495.64, mean absolute percentage error of 408,913, and the sum of the absolute errors of 29,243.

Lam Dong Stock Forecast Pattern

Lam Dong Forecasted Value

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 Lam Dong stock data series using in forecasting. Note that when a statistical model is used to represent Lam Dong 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. When Lam Dong Pharmaceutical 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 Lam Dong Pharmaceutical 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 Lam Dong observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Lam Dong

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lam Dong Pharmaceutical. 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 Low Estimated High 10,295 10,300 10,305 Details

Intrinsic Valuation Low Real High 10,138 10,143 11,330 Details

Other Forecasting Options for Lam Dong

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

Lam Dong Related Equities

Risk & Return

Correlation

Lam Dong Pharmaceutical 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 Lam Dong'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 Lam Dong's current price.

Lam Dong Market Strength Events

Lam Dong Risk Indicators

Pair Trading with Lam Dong

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lam Dong position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lam Dong will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Lam Stock