Shane Global Stock Forecast - Simple Exponential Smoothing
| 8482 Stock | TWD 47.05 0.65 1.36% |
The Simple Exponential Smoothing forecasted value of Shane Global Holding on the next trading day is expected to be 47.05 with a mean absolute deviation of 0.58 and the sum of the absolute errors of 34.60. Shane Stock Forecast is based on your current time horizon.
At this time the value of rsi of Shane Global'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 Shane Global hype-based prediction, you can estimate the value of Shane Global Holding from the perspective of Shane Global response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Shane Global Holding on the next trading day is expected to be 47.05 with a mean absolute deviation of 0.58 and the sum of the absolute errors of 34.60. Shane Global after-hype prediction price | TWD 47.05 |
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.
Shane |
Shane Global Additional Predictive Modules
Most predictive techniques to examine Shane price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Shane using various technical indicators. When you analyze Shane 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 | ||
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| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
Shane Global Simple Exponential Smoothing Price Forecast For the 26th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Shane Global Holding on the next trading day is expected to be 47.05 with a mean absolute deviation of 0.58, mean absolute percentage error of 0.61, and the sum of the absolute errors of 34.60.Please note that although there have been many attempts to predict Shane 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 Shane Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Shane Global Stock Forecast Pattern
| Backtest Shane Global | Shane Global Price Prediction | Buy or Sell Advice |
Shane Global Forecasted Value
In the context of forecasting Shane Global'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. Shane Global's downside and upside margins for the forecasting period are 45.45 and 48.65, respectively. We have considered Shane Global'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 Shane Global stock data series using in forecasting. Note that when a statistical model is used to represent Shane Global 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 | 115.7761 |
| Bias | Arithmetic mean of the errors | 0.0367 |
| MAD | Mean absolute deviation | 0.5767 |
| MAPE | Mean absolute percentage error | 0.012 |
| SAE | Sum of the absolute errors | 34.6 |
Predictive Modules for Shane Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shane Global 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.Shane Global After-Hype Price Prediction Density Analysis
As far as predicting the price of Shane Global 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 Shane Global 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 Shane Global, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Shane Global Estimiated After-Hype Price Volatility
In the context of predicting Shane Global's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Shane Global's historical news coverage. Shane Global's after-hype downside and upside margins for the prediction period are 45.45 and 48.65, respectively. We have considered Shane Global'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
Shane Global is very steady at this time. Analysis and calculation of next after-hype price of Shane Global Holding is based on 3 months time horizon.
Shane Global Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Shane Global is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Shane Global 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 Shane Global, 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 |
0.12 | 1.60 | 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 | ||
47.05 | 47.05 | 0.00 |
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Shane Global Hype Timeline
Shane Global Holding is presently traded for 47.05on Taiwan Stock Exchange of Taiwan. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Shane 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 -0.12%. %. The volatility of related hype on Shane Global is about 0.0%, with the expected price after the next announcement by competition of 47.05. About 85.0% of the company shares are owned by insiders or employees . The book value of Shane Global was presently reported as 33.64. The company recorded earning per share (EPS) of 8.97. Shane Global Holding last dividend was issued on the 30th of June 2022. Assuming the 90 days trading horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Shane Global to cross-verify your projections.Shane Global Related Hype Analysis
Having access to credible news sources related to Shane Global's direct competition is more important than ever and may enhance your ability to predict Shane Global's future price movements. Getting to know how Shane Global'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 Shane Global may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 6201 | Ya Horng Electronic | 0.00 | 0 per month | 0.00 | (0.12) | 1.42 | (1.22) | 4.26 | |
| 6629 | Thai Kin Co | 0.00 | 0 per month | 2.23 | (0.02) | 4.31 | (3.53) | 17.27 | |
| 1472 | Tri Ocean Textile | 0.00 | 0 per month | 0.00 | (0.14) | 1.02 | (1.09) | 4.05 | |
| 8442 | WW Holding | 0.00 | 0 per month | 1.62 | 0.0007 | 2.88 | (2.07) | 10.47 | |
| 1558 | Zeng Hsing Industrial | 0.00 | 0 per month | 0.96 | 0.04 | 1.99 | (1.92) | 5.71 | |
| 1524 | Gordon Auto Body | 0.00 | 0 per month | 1.35 | 0.06 | 4.50 | (2.05) | 10.57 | |
| 1810 | Hocheng Corp | 0.00 | 0 per month | 1.82 | 0.01 | 3.72 | (2.67) | 14.91 | |
| 1525 | Kian Shen Corp | 0.00 | 0 per month | 0.00 | (0.08) | 1.27 | (1.55) | 6.30 | |
| 9951 | Macauto Industrial Co | 0.00 | 0 per month | 0.00 | (0.1) | 1.87 | (1.40) | 7.77 | |
| 9935 | Ching Feng Home | 0.00 | 0 per month | 1.37 | (0.02) | 3.07 | (2.53) | 6.27 |
Other Forecasting Options for Shane Global
For every potential investor in Shane, whether a beginner or expert, Shane Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shane Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shane. Basic forecasting techniques help filter out the noise by identifying Shane Global's price trends.Shane Global 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 Shane Global stock to make a market-neutral strategy. Peer analysis of Shane Global could also be used in its relative valuation, which is a method of valuing Shane Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shane Global Market Strength Events
Market strength indicators help investors to evaluate how Shane Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shane Global shares will generate the highest return on investment. By undertsting and applying Shane Global stock market strength indicators, traders can identify Shane Global Holding entry and exit signals to maximize returns.
Shane Global Risk Indicators
The analysis of Shane Global'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 Shane Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shane 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 | 1.18 | |||
| Standard Deviation | 1.6 | |||
| Variance | 2.55 |
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 Shane Global
The number of cover stories for Shane Global depends on current market conditions and Shane Global's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Shane Global 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 Shane Global'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 Shane Stock Analysis
When running Shane Global's price analysis, check to measure Shane Global'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 Shane Global is operating at the current time. Most of Shane Global's value examination focuses on studying past and present price action to predict the probability of Shane Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shane Global's price. Additionally, you may evaluate how the addition of Shane Global to your portfolios can decrease your overall portfolio volatility.