111 Stock Forecast - Double Exponential Smoothing

YI Stock  USD 0.83  0.05  6.41%   
The Double Exponential Smoothing forecasted value of 111 Inc on the next trading day is expected to be 0.82 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.56. 111 Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of 111's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of now, 111's Receivables Turnover is increasing as compared to previous years. The 111's current Fixed Asset Turnover is estimated to increase to 113.62, while Inventory Turnover is projected to decrease to 6.71. . The 111's current Common Stock Shares Outstanding is estimated to increase to about 86.4 M, while Net Loss is projected to decrease to (633 M).
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 111 works best with periods where there are trends or seasonality.

111 Double Exponential Smoothing Price Forecast For the 17th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of 111 Inc on the next trading day is expected to be 0.82 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.56.
Please note that although there have been many attempts to predict 111 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 111's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

111 Stock Forecast Pattern

Backtest 111111 Price PredictionBuy or Sell Advice 

111 Forecasted Value

In the context of forecasting 111'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. 111's downside and upside margins for the forecasting period are 0.01 and 9.41, respectively. We have considered 111'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
0.83
0.82
Expected Value
9.41
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 111 stock data series using in forecasting. Note that when a statistical model is used to represent 111 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 -0.0136
MADMean absolute deviation0.0434
MAPEMean absolute percentage error0.0516
SAESum of the absolute errors2.56
When 111 Inc 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 111 Inc 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 111 observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for 111

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 111 Inc. 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
0.040.799.53
Details
Intrinsic
Valuation
LowRealHigh
0.102.0810.82
Details
0 Analysts
Consensus
LowTargetHigh
5.425.966.62
Details

Other Forecasting Options for 111

For every potential investor in 111, whether a beginner or expert, 111's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 111 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 111. Basic forecasting techniques help filter out the noise by identifying 111's price trends.

111 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 111 stock to make a market-neutral strategy. Peer analysis of 111 could also be used in its relative valuation, which is a method of valuing 111 by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

111 Inc 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 111'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 111's current price.

111 Market Strength Events

Market strength indicators help investors to evaluate how 111 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 111 shares will generate the highest return on investment. By undertsting and applying 111 stock market strength indicators, traders can identify 111 Inc entry and exit signals to maximize returns.

111 Risk Indicators

The analysis of 111'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 111's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 111 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.

Currently Active Assets on Macroaxis

Check out Historical Fundamental Analysis of 111 to cross-verify your projections.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 111. If investors know 111 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 111 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.44)
Revenue Per Share
172.839
Quarterly Revenue Growth
(0.01)
Return On Assets
(0.06)
Return On Equity
(0.66)
The market value of 111 Inc is measured differently than its book value, which is the value of 111 that is recorded on the company's balance sheet. Investors also form their own opinion of 111's value that differs from its market value or its book value, called intrinsic value, which is 111's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 111's market value can be influenced by many factors that don't directly affect 111's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 111's value and its price as these two are different measures arrived at by different means. Investors typically determine if 111 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 111's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.