MFC Asset Stock Forecast - Double Exponential Smoothing

MFC Stock  THB 27.25  0.50  1.80%   
The Double Exponential Smoothing forecasted value of MFC Asset Management on the next trading day is expected to be 27.25 with a mean absolute deviation of 0.55 and the sum of the absolute errors of 32.25. MFC 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 MFC Asset works best with periods where there are trends or seasonality.

MFC Asset Double Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of MFC Asset Management on the next trading day is expected to be 27.25 with a mean absolute deviation of 0.55, mean absolute percentage error of 0.78, and the sum of the absolute errors of 32.25.
Please note that although there have been many attempts to predict MFC 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 MFC Asset's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

MFC Asset Stock Forecast Pattern

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MFC Asset Forecasted Value

In the context of forecasting MFC Asset'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. MFC Asset's downside and upside margins for the forecasting period are 23.77 and 30.73, respectively. We have considered MFC Asset'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
27.25
27.25
Expected Value
30.73
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 MFC Asset stock data series using in forecasting. Note that when a statistical model is used to represent MFC Asset 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 -0.0873
MADMean absolute deviation0.5466
MAPEMean absolute percentage error0.0203
SAESum of the absolute errors32.25
When MFC Asset Management 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 MFC Asset Management 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 MFC Asset observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for MFC Asset

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MFC Asset Management. 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
24.2627.7531.24
Details
Intrinsic
Valuation
LowRealHigh
18.8222.3130.53
Details
Bollinger
Band Projection (param)
LowMiddleHigh
24.5927.3530.10
Details

Other Forecasting Options for MFC Asset

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

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

MFC Asset Management 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 MFC Asset'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 MFC Asset's current price.

MFC Asset Market Strength Events

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

MFC Asset Risk Indicators

The analysis of MFC Asset'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 MFC Asset's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mfc 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 MFC Stock

MFC Asset financial ratios help investors to determine whether MFC 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 MFC with respect to the benefits of owning MFC Asset security.