Ever Shine Stock Forecast - Triple Exponential Smoothing
| ESTI Stock | IDR 46.00 1.00 2.22% |
The Triple Exponential Smoothing forecasted value of Ever Shine Textile on the next trading day is expected to be 45.93 with a mean absolute deviation of 1.34 and the sum of the absolute errors of 78.81. Ever Stock Forecast is based on your current time horizon.
Ever |
Ever Shine Triple Exponential Smoothing Price Forecast For the 24th of November
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Ever Shine Textile on the next trading day is expected to be 45.93 with a mean absolute deviation of 1.34, mean absolute percentage error of 2.95, and the sum of the absolute errors of 78.81.Please note that although there have been many attempts to predict Ever 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 Ever Shine's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ever Shine Stock Forecast Pattern
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Ever Shine Forecasted Value
In the context of forecasting Ever Shine'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. Ever Shine's downside and upside margins for the forecasting period are 42.34 and 49.52, respectively. We have considered Ever Shine'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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Ever Shine stock data series using in forecasting. Note that when a statistical model is used to represent Ever Shine 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.242 |
| MAD | Mean absolute deviation | 1.3358 |
| MAPE | Mean absolute percentage error | 0.0308 |
| SAE | Sum of the absolute errors | 78.8122 |
Predictive Modules for Ever Shine
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ever Shine Textile. 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.Other Forecasting Options for Ever Shine
For every potential investor in Ever, whether a beginner or expert, Ever Shine's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ever Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ever. Basic forecasting techniques help filter out the noise by identifying Ever Shine's price trends.Ever Shine 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 Ever Shine stock to make a market-neutral strategy. Peer analysis of Ever Shine could also be used in its relative valuation, which is a method of valuing Ever Shine by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ever Shine Textile 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 Ever Shine'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 Ever Shine's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ever Shine Market Strength Events
Market strength indicators help investors to evaluate how Ever Shine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ever Shine shares will generate the highest return on investment. By undertsting and applying Ever Shine stock market strength indicators, traders can identify Ever Shine Textile entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 46.0 | |||
| Day Typical Price | 46.0 | |||
| Price Action Indicator | 0.5 | |||
| Period Momentum Indicator | 1.0 | |||
| Relative Strength Index | 33.0 |
Ever Shine Risk Indicators
The analysis of Ever Shine'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 Ever Shine's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ever 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 | 2.83 | |||
| Semi Deviation | 2.15 | |||
| Standard Deviation | 3.64 | |||
| Variance | 13.23 | |||
| Downside Variance | 10.73 | |||
| Semi Variance | 4.61 | |||
| Expected Short fall | (4.86) |
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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Ever Shine financial ratios help investors to determine whether Ever 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 Ever with respect to the benefits of owning Ever Shine security.