Itthirit Nice Stock Forecast - Simple Exponential Smoothing

ITTHI Stock   1.68  0.01  0.59%   
The Simple Exponential Smoothing forecasted value of Itthirit Nice Corp on the next trading day is expected to be 1.68 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.78. Investors can use prediction functions to forecast Itthirit Nice's stock prices and determine the direction of Itthirit Nice Corp's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Itthirit Nice's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
  
Itthirit Nice 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 Itthirit Nice Corp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Itthirit Nice Corp prices get older.

Itthirit Nice Simple Exponential Smoothing Price Forecast For the 21st of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Itthirit Nice Corp on the next trading day is expected to be 1.68 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.78.
Please note that although there have been many attempts to predict Itthirit 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 Itthirit Nice's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Itthirit Nice Stock Forecast Pattern

JavaScript chart by amCharts 3.21.15Oct 1Oct 9Oct 18Oct 29Nov 6Nov 14Nov 22Dec 2Dec 12Dec 201.71.81.92.02.12.22.3
JavaScript chart by amCharts 3.21.15Itthirit Nice Corp Itthirit Nice Corp forecast

Itthirit Nice Forecasted Value

In the context of forecasting Itthirit Nice'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. Itthirit Nice's downside and upside margins for the forecasting period are 0.02 and 3.69, respectively. We have considered Itthirit Nice'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
1.68
1.68
Expected Value
3.69
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 Itthirit Nice stock data series using in forecasting. Note that when a statistical model is used to represent Itthirit Nice 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 Criteria109.9226
BiasArithmetic mean of the errors 0.011
MADMean absolute deviation0.0297
MAPEMean absolute percentage error0.0147
SAESum of the absolute errors1.78
This simple exponential smoothing model begins by setting Itthirit Nice Corp forecast for the second period equal to the observation of the first period. In other words, recent Itthirit Nice observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Itthirit Nice

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Itthirit Nice Corp. 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 Itthirit Nice

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

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

Itthirit Nice Corp 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 Itthirit Nice'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 Itthirit Nice's current price.

Itthirit Nice Market Strength Events

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

Itthirit Nice Risk Indicators

The analysis of Itthirit Nice'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 Itthirit Nice's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting itthirit 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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