Cathay Financial Stock Forecast - Double Exponential Smoothing

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 Cathay Financial works best with periods where there are trends or seasonality.

Cathay Financial Double Exponential Smoothing Price Forecast For the 29th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Cathay Financial Holding on the next trading day is expected to be 60.02 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.51.

Cathay Financial Stock Forecast Pattern

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Cathay Financial Forecasted Value

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 Cathay Financial stock data series using in forecasting. Note that when a statistical model is used to represent Cathay Financial 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. When Cathay Financial Holding 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 Cathay Financial Holding 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 Cathay Financial observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Cathay Financial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cathay Financial Holding. 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 59.62 59.90 60.18 Details

Intrinsic Valuation Low Real High 58.77 59.05 65.89 Details

Bollinger Band Projection (param) Low Middle High 58.52 59.22 59.93 Details

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

Other Forecasting Options for Cathay Financial

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

Cathay Financial Related Equities

Risk & Return

Correlation

Cathay Financial Holding 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 Cathay Financial'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 Cathay Financial's current price.

Cathay Financial Market Strength Events

Cathay Financial Risk Indicators

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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.

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