Thanulux Public Stock Forecast - Double Exponential Smoothing

TNL Stock  THB 36.00  0.25  0.69%   
The Double Exponential Smoothing forecasted value of Thanulux Public on the next trading day is expected to be 36.25 with a mean absolute deviation of 1.36 and the sum of the absolute errors of 80.00. Thanulux 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 Thanulux Public works best with periods where there are trends or seasonality.

Thanulux Public Double Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Thanulux Public on the next trading day is expected to be 36.25 with a mean absolute deviation of 1.36, mean absolute percentage error of 23.00, and the sum of the absolute errors of 80.00.
Please note that although there have been many attempts to predict Thanulux 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 Thanulux Public's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Thanulux Public Stock Forecast Pattern

Backtest Thanulux PublicThanulux Public Price PredictionBuy or Sell Advice 

Thanulux Public Forecasted Value

In the context of forecasting Thanulux Public'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. Thanulux Public's downside and upside margins for the forecasting period are 0.36 and 164.10, respectively. We have considered Thanulux Public'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
36.00
36.25
Expected Value
164.10
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 Thanulux Public stock data series using in forecasting. Note that when a statistical model is used to represent Thanulux Public 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 0.5847
MADMean absolute deviation1.3559
MAPEMean absolute percentage error9.223372036854776E14
SAESum of the absolute errors80.0
When Thanulux Public 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 Thanulux Public 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 Thanulux Public observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Thanulux Public

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thanulux Public. 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
1.8036.003,636
Details
Intrinsic
Valuation
LowRealHigh
1.1522.993,623
Details
Bollinger
Band Projection (param)
LowMiddleHigh
34.3735.5936.81
Details

Other Forecasting Options for Thanulux Public

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

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

Thanulux Public 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 Thanulux Public'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 Thanulux Public's current price.

Thanulux Public Market Strength Events

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

Thanulux Public Risk Indicators

The analysis of Thanulux Public'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 Thanulux Public's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thanulux 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 Thanulux Stock

Thanulux Public financial ratios help investors to determine whether Thanulux 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 Thanulux with respect to the benefits of owning Thanulux Public security.