Prima Cakrawala Stock Forecast - Double Exponential Smoothing
| PCAR Stock | IDR 50.00 0.00 0.00% |
The Double Exponential Smoothing forecasted value of Prima Cakrawala Abadi on the next trading day is expected to be 50.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Prima Stock Forecast is based on your current time horizon.
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Prima Cakrawala Double Exponential Smoothing Price Forecast For the 14th of December 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Prima Cakrawala Abadi on the next trading day is expected to be 50.00 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 Prima 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 Prima Cakrawala's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prima Cakrawala Stock Forecast Pattern
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Prima Cakrawala Forecasted Value
In the context of forecasting Prima Cakrawala'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. Prima Cakrawala's downside and upside margins for the forecasting period are 50.00 and 50.00, respectively. We have considered Prima Cakrawala'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Prima Cakrawala stock data series using in forecasting. Note that when a statistical model is used to represent Prima Cakrawala 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 | Huge |
| 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 Prima Cakrawala
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prima Cakrawala Abadi. 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.Other Forecasting Options for Prima Cakrawala
For every potential investor in Prima, whether a beginner or expert, Prima Cakrawala's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prima Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prima. Basic forecasting techniques help filter out the noise by identifying Prima Cakrawala's price trends.Prima Cakrawala 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 Prima Cakrawala stock to make a market-neutral strategy. Peer analysis of Prima Cakrawala could also be used in its relative valuation, which is a method of valuing Prima Cakrawala by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Prima Cakrawala Abadi 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 Prima Cakrawala'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 Prima Cakrawala's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Prima Cakrawala Market Strength Events
Market strength indicators help investors to evaluate how Prima Cakrawala stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prima Cakrawala shares will generate the highest return on investment. By undertsting and applying Prima Cakrawala stock market strength indicators, traders can identify Prima Cakrawala Abadi entry and exit signals to maximize returns.
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Prima Cakrawala financial ratios help investors to determine whether Prima 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 Prima with respect to the benefits of owning Prima Cakrawala security.