Hyosung Heavy 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 Hyosung Heavy works best with periods where there are trends or seasonality.

Hyosung Heavy Double Exponential Smoothing Price Forecast For the 1st of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Hyosung Heavy Industries on the next trading day is expected to be 399,232 with a mean absolute deviation of 10,907, mean absolute percentage error of 200,967,671, and the sum of the absolute errors of 643,508.

Hyosung Heavy Stock Forecast Pattern

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Hyosung Heavy Price Prediction

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Hyosung Heavy 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 Hyosung Heavy stock data series using in forecasting. Note that when a statistical model is used to represent Hyosung Heavy 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 Hyosung Heavy Industries 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 Hyosung Heavy Industries 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 Hyosung Heavy observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Hyosung Heavy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hyosung Heavy Industries. 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 403,496 403,500 403,504 Details

Intrinsic Valuation Low Real High 326,651 326,655 443,850 Details

Bollinger Band Projection (param) Low Middle High 371,814 416,000 460,186 Details

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

Other Forecasting Options for Hyosung Heavy

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

Hyosung Heavy Related Equities

Risk & Return

Correlation

Hyosung Heavy Industries 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 Hyosung Heavy'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 Hyosung Heavy's current price.

Hyosung Heavy Market Strength Events

Hyosung Heavy Risk Indicators

Pair Trading with Hyosung Heavy

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 Hyosung Heavy 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 Hyosung Heavy will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Hyosung Stock