Futu Holdings Stock Forecast - Simple Exponential Smoothing
| FUTU Stock | USD 84.00 0.22 0.26% |
The Simple Exponential Smoothing forecasted value of Futu Holdings on the next trading day is expected to be 84.00 with a mean absolute deviation of 3.75 and the sum of the absolute errors of 228.70. Futu Stock Forecast is based on your current time horizon.
Futu |
Futu Holdings Simple Exponential Smoothing Price Forecast For the 27th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Futu Holdings on the next trading day is expected to be 84.00 with a mean absolute deviation of 3.75, mean absolute percentage error of 28.26, and the sum of the absolute errors of 228.70.Please note that although there have been many attempts to predict Futu 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 Futu Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Futu Holdings Stock Forecast Pattern
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Futu Holdings Forecasted Value
In the context of forecasting Futu Holdings' 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. Futu Holdings' downside and upside margins for the forecasting period are 78.43 and 89.57, respectively. We have considered Futu Holdings' 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 Futu Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Futu Holdings 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 | 121.4521 |
| Bias | Arithmetic mean of the errors | -0.3351 |
| MAD | Mean absolute deviation | 3.7492 |
| MAPE | Mean absolute percentage error | 0.0409 |
| SAE | Sum of the absolute errors | 228.7 |
Predictive Modules for Futu Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Futu Holdings. 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 Futu Holdings' 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.
Other Forecasting Options for Futu Holdings
For every potential investor in Futu, whether a beginner or expert, Futu Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Futu Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Futu. Basic forecasting techniques help filter out the noise by identifying Futu Holdings' price trends.View Futu Holdings Related Equities
| Risk & Return | Correlation |
Futu Holdings 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 Futu Holdings' 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 Futu Holdings' current price.| Cycle Indicators | ||
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| Math Transform | ||
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Futu Holdings Market Strength Events
Market strength indicators help investors to evaluate how Futu Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Futu Holdings shares will generate the highest return on investment. By undertsting and applying Futu Holdings stock market strength indicators, traders can identify Futu Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 50191.31 | |||
| Daily Balance Of Power | (0.10) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 83.85 | |||
| Day Typical Price | 83.9 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | (0.22) |
Futu Holdings Risk Indicators
The analysis of Futu Holdings' 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 Futu Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting futu 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 | 4.06 | |||
| Semi Deviation | 4.6 | |||
| Standard Deviation | 5.48 | |||
| Variance | 30.06 | |||
| Downside Variance | 26.23 | |||
| Semi Variance | 21.14 | |||
| Expected Short fall | (4.38) |
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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Additional Tools for Futu Stock Analysis
When running Futu Holdings' price analysis, check to measure Futu Holdings' 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 Futu Holdings is operating at the current time. Most of Futu Holdings' value examination focuses on studying past and present price action to predict the probability of Futu Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Futu Holdings' price. Additionally, you may evaluate how the addition of Futu Holdings to your portfolios can decrease your overall portfolio volatility.