Shun On Stock Forward View - Simple Exponential Smoothing
| 6283 Stock | 22.45 0.90 3.85% |
Shun Stock outlook is based on your current time horizon.
At this time, the value of RSI of Shun On's share price is approaching 35. This suggests that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Shun On, making its price go up or down. Momentum 35
Sell Extended
Oversold | Overbought |
Using Shun On hype-based prediction, you can estimate the value of Shun On Electronic from the perspective of Shun On response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Shun On Electronic on the next trading day is expected to be 22.45 with a mean absolute deviation of 0.33 and the sum of the absolute errors of 20.05. Shun On after-hype prediction price | TWD 22.45 |
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.
Shun |
Shun On Additional Predictive Modules
Most predictive techniques to examine Shun price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Shun using various technical indicators. When you analyze Shun 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 |
Shun On Simple Exponential Smoothing Price Forecast For the 3rd of February
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Shun On Electronic on the next trading day is expected to be 22.45 with a mean absolute deviation of 0.33, mean absolute percentage error of 0.22, and the sum of the absolute errors of 20.05.Please note that although there have been many attempts to predict Shun Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Shun On's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Shun On Stock Forecast Pattern
| Backtest Shun On | Shun On Price Prediction | Research Analysis |
Shun On Forecasted Value
In the context of forecasting Shun On'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. Shun On's downside and upside margins for the forecasting period are 20.58 and 24.32, respectively. We have considered Shun On'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 Shun On stock data series using in forecasting. Note that when a statistical model is used to represent Shun On 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 | 114.7496 |
| Bias | Arithmetic mean of the errors | 0.0508 |
| MAD | Mean absolute deviation | 0.3342 |
| MAPE | Mean absolute percentage error | 0.0134 |
| SAE | Sum of the absolute errors | 20.05 |
Predictive Modules for Shun On
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shun On Electronic. 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.Shun On After-Hype Price Density Analysis
As far as predicting the price of Shun On at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Shun On or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Shun On, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Shun On Estimiated After-Hype Price Volatility
In the context of predicting Shun On's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Shun On's historical news coverage. Shun On's after-hype downside and upside margins for the prediction period are 20.58 and 24.32, respectively. We have considered Shun On's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Shun On is very steady at this time. Analysis and calculation of next after-hype price of Shun On Electronic is based on 3 months time horizon.
Shun On Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Shun On is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Shun On backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Shun On, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.22 | 1.87 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
22.45 | 22.45 | 0.00 |
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Shun On Hype Timeline
Shun On Electronic is presently traded for 22.45on Taiwan Stock Exchange of Taiwan. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Shun is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is presently at -0.22%. %. The volatility of related hype on Shun On is about 0.0%, with the expected price after the next announcement by competition of 22.45. About 55.0% of the company shares are owned by insiders or employees . The book value of Shun On was presently reported as 12.16. The company last dividend was issued on the 29th of June 2017. Shun On Electronic had 1050:1000 split on the 29th of June 2017. Assuming the 90 days trading horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Shun On to cross-verify your projections.Shun On Related Hype Analysis
Having access to credible news sources related to Shun On's direct competition is more important than ever and may enhance your ability to predict Shun On's future price movements. Getting to know how Shun On's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Shun On may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 3040 | Global View Co | 0.00 | 0 per month | 0.00 | (0.11) | 5.84 | (4.01) | 15.07 | |
| 5489 | Dynacolor | 0.00 | 0 per month | 0.67 | 0.07 | 1.82 | (1.23) | 5.65 | |
| 2477 | Meiloon Industrial Co | 0.00 | 0 per month | 1.46 | 0.01 | 4.03 | (2.48) | 9.45 | |
| 6275 | Yen Sun Technology | 0.00 | 0 per month | 1.88 | 0.06 | 6.25 | (2.61) | 16.20 | |
| 2488 | Hanpin Electron Co | 0.00 | 0 per month | 0.00 | (0.04) | 0.89 | (1.21) | 9.19 | |
| 6728 | Up Young Cornerstone | 0.00 | 0 per month | 1.00 | (0.01) | 1.98 | (1.85) | 8.40 | |
| 6743 | AMPACS Corp | 0.00 | 0 per month | 0.00 | (0.08) | 3.72 | (2.60) | 7.90 | |
| 2462 | Taiwan Line Tek | 0.00 | 0 per month | 2.32 | 0.01 | 3.55 | (4.12) | 14.46 | |
| 3024 | Action Electronics Co | 0.00 | 0 per month | 0.00 | (0.09) | 2.74 | (2.62) | 6.31 | |
| 6799 | M3 Technology | 0.00 | 0 per month | 2.09 | 0.03 | 4.42 | (3.14) | 10.22 |
Other Forecasting Options for Shun On
For every potential investor in Shun, whether a beginner or expert, Shun On's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shun Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shun. Basic forecasting techniques help filter out the noise by identifying Shun On's price trends.Shun On 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 Shun On stock to make a market-neutral strategy. Peer analysis of Shun On could also be used in its relative valuation, which is a method of valuing Shun On by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shun On Market Strength Events
Market strength indicators help investors to evaluate how Shun On stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shun On shares will generate the highest return on investment. By undertsting and applying Shun On stock market strength indicators, traders can identify Shun On Electronic entry and exit signals to maximize returns.
Shun On Risk Indicators
The analysis of Shun On'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 Shun On's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shun 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 | 1.35 | |||
| Standard Deviation | 1.84 | |||
| Variance | 3.39 |
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.
Story Coverage note for Shun On
The number of cover stories for Shun On depends on current market conditions and Shun On's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Shun On is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Shun On's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for Shun Stock Analysis
When running Shun On's price analysis, check to measure Shun On's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shun On is operating at the current time. Most of Shun On's value examination focuses on studying past and present price action to predict the probability of Shun On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shun On's price. Additionally, you may evaluate how the addition of Shun On to your portfolios can decrease your overall portfolio volatility.