Hangzhou Weiguang Stock Forecast - Double Exponential Smoothing

002801 Stock   23.63  1.29  5.77%   
The Double Exponential Smoothing forecasted value of Hangzhou Weiguang Electronic on the next trading day is expected to be 23.73 with a mean absolute deviation of 0.52 and the sum of the absolute errors of 31.11. Hangzhou Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hangzhou Weiguang stock prices and determine the direction of Hangzhou Weiguang Electronic's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hangzhou Weiguang's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Hangzhou Weiguang's Cash is projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 25 M, whereas Total Assets are forecasted to decline to about 1.1 B.
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 Hangzhou Weiguang works best with periods where there are trends or seasonality.

Hangzhou Weiguang Double Exponential Smoothing Price Forecast For the 29th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Hangzhou Weiguang Electronic on the next trading day is expected to be 23.73 with a mean absolute deviation of 0.52, mean absolute percentage error of 0.46, and the sum of the absolute errors of 31.11.
Please note that although there have been many attempts to predict Hangzhou 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 Hangzhou Weiguang's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hangzhou Weiguang Stock Forecast Pattern

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Hangzhou Weiguang Forecasted Value

In the context of forecasting Hangzhou Weiguang'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. Hangzhou Weiguang's downside and upside margins for the forecasting period are 20.57 and 26.89, respectively. We have considered Hangzhou Weiguang'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
23.63
23.73
Expected Value
26.89
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 Hangzhou Weiguang stock data series using in forecasting. Note that when a statistical model is used to represent Hangzhou Weiguang 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 -0.1054
MADMean absolute deviation0.5184
MAPEMean absolute percentage error0.0252
SAESum of the absolute errors31.1066
When Hangzhou Weiguang Electronic 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 Hangzhou Weiguang Electronic 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 Hangzhou Weiguang observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Hangzhou Weiguang

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hangzhou Weiguang. 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
20.9824.0427.10
Details
Intrinsic
Valuation
LowRealHigh
15.3618.4225.99
Details
Bollinger
Band Projection (param)
LowMiddleHigh
21.9622.9223.88
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Other Forecasting Options for Hangzhou Weiguang

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

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

Hangzhou Weiguang 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 Hangzhou Weiguang'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 Hangzhou Weiguang's current price.

Hangzhou Weiguang Market Strength Events

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

Hangzhou Weiguang Risk Indicators

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

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