Bank Pembangunan Stock Forecast - Double Exponential Smoothing

BEKS Stock  IDR 34.00  1.00  2.86%   
The Double Exponential Smoothing forecasted value of Bank Pembangunan Daerah on the next trading day is expected to be 34.00 with a mean absolute deviation of 1.31 and the sum of the absolute errors of 77.00. Bank Stock Forecast is based on your current time horizon.
  
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 Bank Pembangunan works best with periods where there are trends or seasonality.

Bank Pembangunan Double Exponential Smoothing Price Forecast For the 23rd of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Bank Pembangunan Daerah on the next trading day is expected to be 34.00 with a mean absolute deviation of 1.31, mean absolute percentage error of 3.27, and the sum of the absolute errors of 77.00.
Please note that although there have been many attempts to predict Bank 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 Bank Pembangunan's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bank Pembangunan Stock Forecast Pattern

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Bank Pembangunan Forecasted Value

In the context of forecasting Bank Pembangunan'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. Bank Pembangunan's downside and upside margins for the forecasting period are 28.61 and 39.39, respectively. We have considered Bank Pembangunan'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
34.00
34.00
Expected Value
39.39
Upside

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 Bank Pembangunan stock data series using in forecasting. Note that when a statistical model is used to represent Bank Pembangunan 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 CriteriaHuge
BiasArithmetic mean of the errors -0.1864
MADMean absolute deviation1.3051
MAPEMean absolute percentage error0.041
SAESum of the absolute errors77.0
When Bank Pembangunan Daerah 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 Bank Pembangunan Daerah 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 Bank Pembangunan observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Bank Pembangunan

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank Pembangunan Daerah. 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
28.6134.0039.39
Details
Intrinsic
Valuation
LowRealHigh
23.3828.7734.16
Details
Bollinger
Band Projection (param)
LowMiddleHigh
28.7837.8346.88
Details

Other Forecasting Options for Bank Pembangunan

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

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

Bank Pembangunan Daerah 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 Bank Pembangunan'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 Bank Pembangunan's current price.

Bank Pembangunan Market Strength Events

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

Bank Pembangunan Risk Indicators

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

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Other Information on Investing in Bank Stock

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