Zanlakol Stock Forecast - Simple Exponential Smoothing

ZNKL Stock  ILS 4,251  79.00  1.82%   
The Simple Exponential Smoothing forecasted value of Zanlakol on the next trading day is expected to be 4,251 with a mean absolute deviation of 51.71 and the sum of the absolute errors of 3,154. Zanlakol Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Zanlakol stock prices and determine the direction of Zanlakol's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Zanlakol's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Zanlakol simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Zanlakol are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Zanlakol prices get older.

Zanlakol Simple Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Zanlakol on the next trading day is expected to be 4,251 with a mean absolute deviation of 51.71, mean absolute percentage error of 5,039, and the sum of the absolute errors of 3,154.
Please note that although there have been many attempts to predict Zanlakol 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 Zanlakol's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Zanlakol Stock Forecast Pattern

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Zanlakol Forecasted Value

In the context of forecasting Zanlakol'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. Zanlakol's downside and upside margins for the forecasting period are 4,249 and 4,253, respectively. We have considered Zanlakol'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
4,251
4,251
Expected Value
4,253
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Zanlakol stock data series using in forecasting. Note that when a statistical model is used to represent Zanlakol 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 Criteria126.6354
BiasArithmetic mean of the errors -11.8441
MADMean absolute deviation51.7067
MAPEMean absolute percentage error0.0136
SAESum of the absolute errors3154.11
This simple exponential smoothing model begins by setting Zanlakol forecast for the second period equal to the observation of the first period. In other words, recent Zanlakol observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Zanlakol

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zanlakol. 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
4,2494,2514,253
Details
Intrinsic
Valuation
LowRealHigh
3,8264,4394,441
Details

Other Forecasting Options for Zanlakol

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

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

Zanlakol 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 Zanlakol'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 Zanlakol's current price.

Zanlakol Market Strength Events

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

Zanlakol Risk Indicators

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Zanlakol Stock

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