Mirae Asset Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Mirae Asset - 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 Mirae Asset 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 Mirae Asset price movement. However, neither of these exponential smoothing models address any seasonality of Mirae Asset No2.

Mirae Asset Triple Exponential Smoothing Price Forecast For the 30th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Mirae Asset No2 on the next trading day is expected to be 12,942 with a mean absolute deviation of 223.28, mean absolute percentage error of 109,423, and the sum of the absolute errors of 13,174.

Mirae Asset Stock Forecast Pattern

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Mirae Asset 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 Mirae Asset stock data series using in forecasting. Note that when a statistical model is used to represent Mirae Asset 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 Mirae Asset 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 Mirae Asset No2 observations.

Predictive Modules for Mirae Asset

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mirae Asset No2. 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 13,078 13,080 13,082 Details

Intrinsic Valuation Low Real High 11,846 11,848 14,388 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mirae Asset. Your research has to be compared to or analyzed against Mirae Asset's peers to derive any actionable benefits. When done correctly, Mirae Asset'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 Mirae Asset No2.

Other Forecasting Options for Mirae Asset

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

Mirae Asset Related Equities

Risk & Return

Correlation

Mirae Asset No2 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 Mirae Asset'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 Mirae Asset's current price.

Mirae Asset Market Strength Events

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