Namyang Dairy Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Namyang Dairy - 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 Namyang Dairy 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 Namyang Dairy price movement. However, neither of these exponential smoothing models address any seasonality of Namyang Dairy Products.

Namyang Dairy Triple Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Namyang Dairy Products on the next trading day is expected to be 61,287 with a mean absolute deviation of 1,185, mean absolute percentage error of 3,356,590, and the sum of the absolute errors of 69,904.

Namyang Dairy Stock Forecast Pattern

Namyang Dairy 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 Namyang Dairy stock data series using in forecasting. Note that when a statistical model is used to represent Namyang Dairy 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 Namyang Dairy 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 Namyang Dairy Products observations.

Predictive Modules for Namyang Dairy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Namyang Dairy Products. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Namyang Dairy. Your research has to be compared to or analyzed against Namyang Dairy's peers to derive any actionable benefits. When done correctly, Namyang Dairy'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 Namyang Dairy Products.

Other Forecasting Options for Namyang Dairy

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

Namyang Dairy Related Equities

Risk & Return

Correlation

Namyang Dairy Products 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 Namyang Dairy'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 Namyang Dairy's current price.

Namyang Dairy Market Strength Events

Namyang Dairy Risk Indicators

Pair Trading with Namyang Dairy

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 Namyang Dairy 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 Namyang Dairy will appreciate offsetting losses from the drop in the long position's value.