Japfa Comfeed Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Japfa Comfeed - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Japfa Comfeed 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 trend in Japfa Comfeed price movement. However, neither of these exponential smoothing models address any seasonality of Japfa Comfeed Indonesia.

Japfa Comfeed Triple Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Japfa Comfeed Indonesia on the next trading day is expected to be 1,729 with a mean absolute deviation of 31.80, mean absolute percentage error of 1,719, and the sum of the absolute errors of 1,876.

Japfa Comfeed Stock Forecast Pattern

Backtest Japfa Comfeed

Japfa Comfeed Price Prediction

Buy or Sell Advice

Japfa Comfeed Forecasted Value

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 Japfa Comfeed stock data series using in forecasting. Note that when a statistical model is used to represent Japfa Comfeed 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. As with simple exponential smoothing, in triple exponential smoothing models past Japfa Comfeed observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Japfa Comfeed Indonesia observations.

Predictive Modules for Japfa Comfeed

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Japfa Comfeed Indonesia. 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 Low Estimated High 1,783 1,785 1,787 Details

Intrinsic Valuation Low Real High 1,419 1,421 1,964 Details

Other Forecasting Options for Japfa Comfeed

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

Japfa Comfeed Related Equities

Risk & Return

Correlation

Japfa Comfeed Indonesia 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 Japfa Comfeed'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 Japfa Comfeed's current price.

Japfa Comfeed Market Strength Events

Japfa Comfeed Risk Indicators

Other Information on Investing in Japfa Stock