Binh Duong Stock Forecast - Double Exponential Smoothing

TDC Stock   11,200  50.00  0.45%   
The Double Exponential Smoothing forecasted value of Binh Duong Trade on the next trading day is expected to be 11,277 with a mean absolute deviation of 108.60 and the sum of the absolute errors of 6,516. Binh 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 Binh Duong works best with periods where there are trends or seasonality.

Binh Duong Double Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Binh Duong Trade on the next trading day is expected to be 11,277 with a mean absolute deviation of 108.60, mean absolute percentage error of 26,841, and the sum of the absolute errors of 6,516.
Please note that although there have been many attempts to predict Binh 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 Binh Duong's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Binh Duong Stock Forecast Pattern

Backtest Binh DuongBinh Duong Price PredictionBuy or Sell Advice 

Binh Duong Forecasted Value

In the context of forecasting Binh Duong'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. Binh Duong's downside and upside margins for the forecasting period are 11,276 and 11,279, respectively. We have considered Binh Duong'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
11,200
11,276
Downside
11,277
Expected Value
11,279
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 Binh Duong stock data series using in forecasting. Note that when a statistical model is used to represent Binh Duong 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 -34.3852
MADMean absolute deviation108.5977
MAPEMean absolute percentage error0.0106
SAESum of the absolute errors6515.8643
When Binh Duong Trade 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 Binh Duong Trade 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 Binh Duong observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Binh Duong

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Binh Duong Trade. 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
11,19811,20011,202
Details
Intrinsic
Valuation
LowRealHigh
9,0629,06412,320
Details

Other Forecasting Options for Binh Duong

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

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

Binh Duong Trade 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 Binh Duong'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 Binh Duong's current price.

Binh Duong Market Strength Events

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

Binh Duong Risk Indicators

The analysis of Binh Duong'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 Binh Duong's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting binh 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.

Pair Trading with Binh Duong

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 Binh Duong 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 Binh Duong will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Binh Duong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Binh Duong when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Binh Duong - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Binh Duong Trade to buy it.
The correlation of Binh Duong is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Binh Duong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Binh Duong Trade moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Binh Duong can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Binh Stock

Binh Duong financial ratios help investors to determine whether Binh 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 Binh with respect to the benefits of owning Binh Duong security.