Jilin Chemical Stock Forecast - Simple Exponential Smoothing
| 000420 Stock | 3.45 0.01 0.29% |
The Simple Exponential Smoothing forecasted value of Jilin Chemical Fibre on the next trading day is expected to be 3.45 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.89. Jilin Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Jilin Chemical stock prices and determine the direction of Jilin Chemical Fibre's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Jilin Chemical's historical fundamentals, such as revenue growth or operating cash flow patterns.
Jilin |
Jilin Chemical Simple Exponential Smoothing Price Forecast For the 7th of February
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Jilin Chemical Fibre on the next trading day is expected to be 3.45 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.89.Please note that although there have been many attempts to predict Jilin 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 Jilin Chemical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Jilin Chemical Stock Forecast Pattern
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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 Jilin Chemical stock data series using in forecasting. Note that when a statistical model is used to represent Jilin Chemical 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 | 113.6707 |
| Bias | Arithmetic mean of the errors | 0.0093 |
| MAD | Mean absolute deviation | 0.0802 |
| MAPE | Mean absolute percentage error | 0.021 |
| SAE | Sum of the absolute errors | 4.89 |
Predictive Modules for Jilin Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jilin Chemical Fibre. 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.Jilin Chemical 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 Jilin Chemical stock to make a market-neutral strategy. Peer analysis of Jilin Chemical could also be used in its relative valuation, which is a method of valuing Jilin Chemical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jilin Chemical Market Strength Events
Market strength indicators help investors to evaluate how Jilin Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jilin Chemical shares will generate the highest return on investment. By undertsting and applying Jilin Chemical stock market strength indicators, traders can identify Jilin Chemical Fibre entry and exit signals to maximize returns.
| Accumulation Distribution | 578404.0 | |||
| Daily Balance Of Power | 0.1429 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 3.44 | |||
| Day Typical Price | 3.44 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.01 |
Jilin Chemical Risk Indicators
The analysis of Jilin Chemical'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 Jilin Chemical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jilin 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.
| Mean Deviation | 2.34 | |||
| Standard Deviation | 3.1 | |||
| Variance | 9.63 |
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 Jilin Stock
Jilin Chemical financial ratios help investors to determine whether Jilin 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 Jilin with respect to the benefits of owning Jilin Chemical security.