Samick Musical Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Samick Musical - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Samick Musical 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 trend in Samick Musical price movement. However, neither of these exponential smoothing models address any seasonality of Samick Musical Instr.

Samick Musical Triple Exponential Smoothing Price Forecast For the 30th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Samick Musical Instruments on the next trading day is expected to be 1,110 with a mean absolute deviation of 4.13, mean absolute percentage error of 37.61, and the sum of the absolute errors of 247.73.

Samick Musical Stock Forecast Pattern

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Samick Musical Price Prediction

Buy or Sell Advice

Samick Musical Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Samick Musical stock data series using in forecasting. Note that when a statistical model is used to represent Samick Musical 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. As with simple exponential smoothing, in triple exponential smoothing models past Samick Musical observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Samick Musical Instruments observations.

Predictive Modules for Samick Musical

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Samick Musical Instr. 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 Low Estimated High 1,108 1,109 1,110 Details

Intrinsic Valuation Low Real High 1,097 1,098 1,220 Details

Bollinger Band Projection (param) Low Middle High 1,075 1,097 1,119 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Samick Musical. Your research has to be compared to or analyzed against Samick Musical's peers to derive any actionable benefits. When done correctly, Samick Musical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Samick Musical Instr.

Other Forecasting Options for Samick Musical

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

Samick Musical Related Equities

Risk & Return

Correlation

Samick Musical Instr 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 Samick Musical'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 Samick Musical's current price.

Samick Musical Market Strength Events

Samick Musical Risk Indicators

Pair Trading with Samick Musical

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 Samick Musical 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 Samick Musical will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Samick Stock