KANGWON Stock Forecast - Simple Exponential Smoothing
| 114190 Stock | KRW 14,010 440.00 3.24% |
The Simple Exponential Smoothing forecasted value of KANGWON Co on the next trading day is expected to be 14,003 with a mean absolute deviation of 563.36 and the sum of the absolute errors of 34,365. KANGWON Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast KANGWON stock prices and determine the direction of KANGWON Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of KANGWON's historical fundamentals, such as revenue growth or operating cash flow patterns.
As of today the value of rsi of KANGWON's share price is below 20 . This suggests that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using KANGWON hype-based prediction, you can estimate the value of KANGWON Co from the perspective of KANGWON response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of KANGWON Co on the next trading day is expected to be 14,003 with a mean absolute deviation of 563.36 and the sum of the absolute errors of 34,365. KANGWON after-hype prediction price | KRW 14010.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
KANGWON |
KANGWON Additional Predictive Modules
Most predictive techniques to examine KANGWON price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for KANGWON using various technical indicators. When you analyze KANGWON charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
KANGWON Simple Exponential Smoothing Price Forecast For the 21st of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of KANGWON Co on the next trading day is expected to be 14,003 with a mean absolute deviation of 563.36, mean absolute percentage error of 679,220, and the sum of the absolute errors of 34,365.Please note that although there have been many attempts to predict KANGWON 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 KANGWON's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
KANGWON Stock Forecast Pattern
| Backtest KANGWON | KANGWON Price Prediction | Buy or Sell Advice |
KANGWON Forecasted Value
In the context of forecasting KANGWON'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. KANGWON's downside and upside margins for the forecasting period are 13,997 and 14,009, respectively. We have considered KANGWON'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.
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 KANGWON stock data series using in forecasting. Note that when a statistical model is used to represent KANGWON 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 | 131.5392 |
| Bias | Arithmetic mean of the errors | -35.3495 |
| MAD | Mean absolute deviation | 563.36 |
| MAPE | Mean absolute percentage error | 0.037 |
| SAE | Sum of the absolute errors | 34364.9597 |
Predictive Modules for KANGWON
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KANGWON. 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.Other Forecasting Options for KANGWON
For every potential investor in KANGWON, whether a beginner or expert, KANGWON's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. KANGWON Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in KANGWON. Basic forecasting techniques help filter out the noise by identifying KANGWON's price trends.KANGWON 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 KANGWON stock to make a market-neutral strategy. Peer analysis of KANGWON could also be used in its relative valuation, which is a method of valuing KANGWON by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
KANGWON 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 KANGWON'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 KANGWON's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
KANGWON Market Strength Events
Market strength indicators help investors to evaluate how KANGWON stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading KANGWON shares will generate the highest return on investment. By undertsting and applying KANGWON stock market strength indicators, traders can identify KANGWON Co entry and exit signals to maximize returns.
| Accumulation Distribution | 20648.87 | |||
| Daily Balance Of Power | 0.4783 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 13720.0 | |||
| Day Typical Price | 13816.67 | |||
| Market Facilitation Index | 0.0029 | |||
| Price Action Indicator | 510.0 | |||
| Period Momentum Indicator | 440.0 |
KANGWON Risk Indicators
The analysis of KANGWON'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 KANGWON's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kangwon 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 | 3.84 | |||
| Semi Deviation | 3.8 | |||
| Standard Deviation | 5.85 | |||
| Variance | 34.17 | |||
| Downside Variance | 15.81 | |||
| Semi Variance | 14.46 | |||
| Expected Short fall | (4.66) |
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.
Other Information on Investing in KANGWON Stock
KANGWON financial ratios help investors to determine whether KANGWON 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 KANGWON with respect to the benefits of owning KANGWON security.