Thai Kin Stock Forecast - Simple Exponential Smoothing
| 6629 Stock | TWD 121.50 0.50 0.41% |
The Simple Exponential Smoothing forecasted value of Thai Kin Co on the next trading day is expected to be 121.50 with a mean absolute deviation of 2.55 and the sum of the absolute errors of 155.46. Thai Stock Forecast is based on your current time horizon.
As of today the value of rsi of Thai Kin's share price is below 20 . This suggests that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Thai Kin hype-based prediction, you can estimate the value of Thai Kin Co from the perspective of Thai Kin response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Thai Kin Co on the next trading day is expected to be 121.50 with a mean absolute deviation of 2.55 and the sum of the absolute errors of 155.46. Thai Kin after-hype prediction price | TWD 121.5 |
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.
Thai |
Thai Kin Additional Predictive Modules
Most predictive techniques to examine Thai price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Thai using various technical indicators. When you analyze Thai 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 |
Thai Kin Simple Exponential Smoothing Price Forecast For the 25th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Thai Kin Co on the next trading day is expected to be 121.50 with a mean absolute deviation of 2.55, mean absolute percentage error of 13.03, and the sum of the absolute errors of 155.46.Please note that although there have been many attempts to predict Thai 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 Thai Kin's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Thai Kin Stock Forecast Pattern
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Thai Kin Forecasted Value
In the context of forecasting Thai Kin'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. Thai Kin's downside and upside margins for the forecasting period are 118.86 and 124.14, respectively. We have considered Thai Kin'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 Thai Kin stock data series using in forecasting. Note that when a statistical model is used to represent Thai Kin 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 | 120.6777 |
| Bias | Arithmetic mean of the errors | 0.041 |
| MAD | Mean absolute deviation | 2.5485 |
| MAPE | Mean absolute percentage error | 0.0193 |
| SAE | Sum of the absolute errors | 155.46 |
Predictive Modules for Thai Kin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thai Kin. 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.Thai Kin After-Hype Price Prediction Density Analysis
As far as predicting the price of Thai Kin 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 Thai Kin 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 Thai Kin, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Thai Kin Estimiated After-Hype Price Volatility
In the context of predicting Thai Kin's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Thai Kin's historical news coverage. Thai Kin's after-hype downside and upside margins for the prediction period are 118.86 and 124.14, respectively. We have considered Thai Kin'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Thai Kin is very steady at this time. Analysis and calculation of next after-hype price of Thai Kin is based on 3 months time horizon.
Thai Kin Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Thai Kin is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Thai Kin 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 Thai Kin, 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 |
0.01 | 2.64 | 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 | ||
121.50 | 121.50 | 0.00 |
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Thai Kin Hype Timeline
Thai Kin is presently traded for 121.50on Taiwan OTC Exchange of Taiwan. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Thai 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 -0.01%. %. The volatility of related hype on Thai Kin is about 0.0%, with the expected price after the next announcement by competition of 121.50. About 86.0% of the company shares are owned by insiders or employees . The company has Price-to-Book (P/B) ratio of 1.85. In the past many companies with similar price-to-book ratios have beat the market. Thai Kin recorded earning per share (EPS) of 5.53. The entity last dividend was issued on the 11th of January 2023. Assuming the 90 days trading horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Thai Kin to cross-verify your projections.Thai Kin Related Hype Analysis
Having access to credible news sources related to Thai Kin's direct competition is more important than ever and may enhance your ability to predict Thai Kin's future price movements. Getting to know how Thai Kin'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 Thai Kin may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 8482 | Shane Global Holding | 0.00 | 0 per month | 0.00 | (0.12) | 2.97 | (2.51) | 6.90 | |
| 6201 | Ya Horng Electronic | 0.00 | 0 per month | 0.00 | (0.14) | 1.42 | (1.22) | 4.26 | |
| 1810 | Hocheng Corp | 0.00 | 0 per month | 1.85 | 0.03 | 3.72 | (2.67) | 14.91 | |
| 1558 | Zeng Hsing Industrial | 0.00 | 0 per month | 0.99 | 0.03 | 1.99 | (1.92) | 5.71 | |
| 2497 | E Lead Electronic Co | 0.00 | 0 per month | 1.53 | 0.08 | 4.06 | (2.64) | 14.28 | |
| 8083 | Pro Hawk | 0.00 | 0 per month | 0.00 | 0.35 | 1.25 | (0.32) | 2.13 | |
| 2752 | Tofu Restaurant Co | 0.00 | 0 per month | 0.83 | (0.01) | 1.75 | (1.40) | 6.47 | |
| 1524 | Gordon Auto Body | 0.00 | 0 per month | 1.49 | 0 | 4.50 | (2.05) | 10.57 | |
| 1316 | Sun Yad Construction | 0.00 | 0 per month | 0.00 | (0.14) | 2.87 | (3.80) | 9.98 | |
| 1472 | Tri Ocean Textile | 0.00 | 0 per month | 0.00 | (0.18) | 1.01 | (1.09) | 4.05 |
Other Forecasting Options for Thai Kin
For every potential investor in Thai, whether a beginner or expert, Thai Kin's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thai Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thai. Basic forecasting techniques help filter out the noise by identifying Thai Kin's price trends.Thai Kin 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 Thai Kin stock to make a market-neutral strategy. Peer analysis of Thai Kin could also be used in its relative valuation, which is a method of valuing Thai Kin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Thai Kin Market Strength Events
Market strength indicators help investors to evaluate how Thai Kin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thai Kin shares will generate the highest return on investment. By undertsting and applying Thai Kin stock market strength indicators, traders can identify Thai Kin Co entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 121.5 | |||
| Day Typical Price | 121.5 | |||
| Price Action Indicator | (0.25) | |||
| Period Momentum Indicator | (0.50) |
Thai Kin Risk Indicators
The analysis of Thai Kin'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 Thai Kin's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thai 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 | 1.89 | |||
| Standard Deviation | 2.64 | |||
| Variance | 6.96 |
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 Thai Kin
The number of cover stories for Thai Kin depends on current market conditions and Thai Kin's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Thai Kin 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 Thai Kin'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 Thai Stock Analysis
When running Thai Kin's price analysis, check to measure Thai Kin'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 Thai Kin is operating at the current time. Most of Thai Kin's value examination focuses on studying past and present price action to predict the probability of Thai Kin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thai Kin's price. Additionally, you may evaluate how the addition of Thai Kin to your portfolios can decrease your overall portfolio volatility.