Shenzhen Stock Forecast - Simple Exponential Smoothing

300724 Stock   67.81  0.38  0.56%   
The Simple Exponential Smoothing forecasted value of Shenzhen SC New on the next trading day is expected to be 67.81 with a mean absolute deviation of 2.53 and the sum of the absolute errors of 151.54. Shenzhen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Shenzhen stock prices and determine the direction of Shenzhen SC New's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Shenzhen's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Shenzhen's Net Tangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 4.8 B, whereas Other Liabilities is forecasted to decline to about 27.8 M.
Shenzhen simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Shenzhen SC New are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Shenzhen SC New prices get older.

Shenzhen Simple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Shenzhen SC New on the next trading day is expected to be 67.81 with a mean absolute deviation of 2.53, mean absolute percentage error of 14.75, and the sum of the absolute errors of 151.54.
Please note that although there have been many attempts to predict Shenzhen 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 Shenzhen's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Shenzhen Stock Forecast Pattern

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Shenzhen Forecasted Value

In the context of forecasting Shenzhen'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. Shenzhen's downside and upside margins for the forecasting period are 61.80 and 73.82, respectively. We have considered Shenzhen'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.
Market Value
67.81
67.81
Expected Value
73.82
Upside

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 Shenzhen stock data series using in forecasting. Note that when a statistical model is used to represent Shenzhen 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.
AICAkaike Information Criteria118.9636
BiasArithmetic mean of the errors -0.3443
MADMean absolute deviation2.5257
MAPEMean absolute percentage error0.037
SAESum of the absolute errors151.54
This simple exponential smoothing model begins by setting Shenzhen SC New forecast for the second period equal to the observation of the first period. In other words, recent Shenzhen observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Shenzhen

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shenzhen SC New. 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
LowEstimatedHigh
58.3564.3670.37
Details
Intrinsic
Valuation
LowRealHigh
48.0654.0774.59
Details
Bollinger
Band Projection (param)
LowMiddleHigh
66.5668.6670.77
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.831.831.83
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shenzhen. Your research has to be compared to or analyzed against Shenzhen's peers to derive any actionable benefits. When done correctly, Shenzhen'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 Shenzhen SC New.

Other Forecasting Options for Shenzhen

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

Shenzhen 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 Shenzhen stock to make a market-neutral strategy. Peer analysis of Shenzhen could also be used in its relative valuation, which is a method of valuing Shenzhen by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Shenzhen SC New 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 Shenzhen'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 Shenzhen's current price.

Shenzhen Market Strength Events

Market strength indicators help investors to evaluate how Shenzhen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shenzhen shares will generate the highest return on investment. By undertsting and applying Shenzhen stock market strength indicators, traders can identify Shenzhen SC New entry and exit signals to maximize returns.

Shenzhen Risk Indicators

The analysis of Shenzhen'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 Shenzhen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shenzhen 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.
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.

Also Currently Popular

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.

Other Information on Investing in Shenzhen Stock

Shenzhen financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen security.