Skillful Craftsman Stock Forecast - Simple Exponential Smoothing

EDTK Stock  USD 1.01  0.03  2.88%   
The Simple Exponential Smoothing forecasted value of Skillful Craftsman Education on the next trading day is expected to be 1.01 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.68. Skillful Stock Forecast is based on your current time horizon. Although Skillful Craftsman's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Skillful Craftsman's systematic risk associated with finding meaningful patterns of Skillful Craftsman fundamentals over time.
  
At this time, Skillful Craftsman's Payables Turnover is quite stable compared to the past year. Fixed Asset Turnover is expected to rise to 38.56 this year, although the value of Receivables Turnover will most likely fall to 46.22. . The value of Common Stock Shares Outstanding is expected to slide to about 14 M. Net Loss is expected to rise to about (1.2 M) this year.
Skillful Craftsman 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 Skillful Craftsman Education are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Skillful Craftsman prices get older.

Skillful Craftsman Simple Exponential Smoothing Price Forecast For the 23rd of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Skillful Craftsman Education on the next trading day is expected to be 1.01 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.68.
Please note that although there have been many attempts to predict Skillful 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 Skillful Craftsman's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Skillful Craftsman Stock Forecast Pattern

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Skillful Craftsman Forecasted Value

In the context of forecasting Skillful Craftsman'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. Skillful Craftsman's downside and upside margins for the forecasting period are 0.01 and 4.65, respectively. We have considered Skillful Craftsman'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
1.01
1.01
Expected Value
4.65
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 Skillful Craftsman stock data series using in forecasting. Note that when a statistical model is used to represent Skillful Craftsman 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 Criteria109.4954
BiasArithmetic mean of the errors 0.0025
MADMean absolute deviation0.028
MAPEMean absolute percentage error0.0274
SAESum of the absolute errors1.6829
This simple exponential smoothing model begins by setting Skillful Craftsman Education forecast for the second period equal to the observation of the first period. In other words, recent Skillful Craftsman observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Skillful Craftsman

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skillful Craftsman. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skillful Craftsman's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.051.024.65
Details
Intrinsic
Valuation
LowRealHigh
0.040.864.49
Details

Other Forecasting Options for Skillful Craftsman

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

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 Risk & Return  Correlation

Skillful Craftsman 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 Skillful Craftsman'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 Skillful Craftsman's current price.

Skillful Craftsman Market Strength Events

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

Skillful Craftsman Risk Indicators

The analysis of Skillful Craftsman'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 Skillful Craftsman's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting skillful 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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When determining whether Skillful Craftsman is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Skillful Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Skillful Craftsman Education Stock. Highlighted below are key reports to facilitate an investment decision about Skillful Craftsman Education Stock:
Check out Historical Fundamental Analysis of Skillful Craftsman to cross-verify your projections.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skillful Craftsman. If investors know Skillful will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skillful Craftsman listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.23)
Earnings Share
(0.31)
Revenue Per Share
0.129
Quarterly Revenue Growth
(0.88)
Return On Assets
(0.03)
The market value of Skillful Craftsman is measured differently than its book value, which is the value of Skillful that is recorded on the company's balance sheet. Investors also form their own opinion of Skillful Craftsman's value that differs from its market value or its book value, called intrinsic value, which is Skillful Craftsman's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skillful Craftsman's market value can be influenced by many factors that don't directly affect Skillful Craftsman's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skillful Craftsman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillful Craftsman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillful Craftsman's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.