Lesaka Technologies Stock Forecast - Double Exponential Smoothing
| LSK Stock | 9,001 175.00 1.98% |
The Double Exponential Smoothing forecasted value of Lesaka Technologies on the next trading day is expected to be 9,051 with a mean absolute deviation of 198.48 and the sum of the absolute errors of 11,909. Lesaka Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Lesaka Technologies stock prices and determine the direction of Lesaka Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Lesaka Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
Lesaka |
Lesaka Technologies Double Exponential Smoothing Price Forecast For the 24th of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Lesaka Technologies on the next trading day is expected to be 9,051 with a mean absolute deviation of 198.48, mean absolute percentage error of 90,173, and the sum of the absolute errors of 11,909.Please note that although there have been many attempts to predict Lesaka 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 Lesaka Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Lesaka Technologies Stock Forecast Pattern
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Lesaka Technologies Forecasted Value
In the context of forecasting Lesaka Technologies' 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. Lesaka Technologies' downside and upside margins for the forecasting period are 9,048 and 9,054, respectively. We have considered Lesaka Technologies' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Lesaka Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Lesaka Technologies 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 | 36.7152 |
| MAD | Mean absolute deviation | 198.4849 |
| MAPE | Mean absolute percentage error | 0.0223 |
| SAE | Sum of the absolute errors | 11909.0953 |
Predictive Modules for Lesaka Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lesaka Technologies. 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 Lesaka Technologies
For every potential investor in Lesaka, whether a beginner or expert, Lesaka Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lesaka Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lesaka. Basic forecasting techniques help filter out the noise by identifying Lesaka Technologies' price trends.Lesaka Technologies 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 Lesaka Technologies stock to make a market-neutral strategy. Peer analysis of Lesaka Technologies could also be used in its relative valuation, which is a method of valuing Lesaka Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lesaka Technologies 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 Lesaka Technologies' 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 Lesaka Technologies' current price.| Cycle Indicators | ||
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Lesaka Technologies Market Strength Events
Market strength indicators help investors to evaluate how Lesaka Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lesaka Technologies shares will generate the highest return on investment. By undertsting and applying Lesaka Technologies stock market strength indicators, traders can identify Lesaka Technologies entry and exit signals to maximize returns.
Lesaka Technologies Risk Indicators
The analysis of Lesaka Technologies' 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 Lesaka Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lesaka 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 | 1.84 | |||
| Standard Deviation | 3.43 | |||
| Variance | 11.75 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Lesaka Stock
When determining whether Lesaka Technologies 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 Lesaka 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 Lesaka Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Lesaka Technologies Stock:Check out Historical Fundamental Analysis of Lesaka Technologies to cross-verify your projections. For information on how to trade Lesaka Stock refer to our How to Trade Lesaka Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.