Megapower Makmur Stock Forecast - Triple Exponential Smoothing

MPOW Stock  IDR 84.00  2.00  2.33%   
The Triple Exponential Smoothing forecasted value of Megapower Makmur TBK on the next trading day is expected to be 84.50 with a mean absolute deviation of 3.38 and the sum of the absolute errors of 199.71. Megapower Stock Forecast is based on your current time horizon.
  
Triple exponential smoothing for Megapower Makmur - 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 Megapower Makmur 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 Megapower Makmur price movement. However, neither of these exponential smoothing models address any seasonality of Megapower Makmur TBK.

Megapower Makmur Triple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Megapower Makmur TBK on the next trading day is expected to be 84.50 with a mean absolute deviation of 3.38, mean absolute percentage error of 25.10, and the sum of the absolute errors of 199.71.
Please note that although there have been many attempts to predict Megapower 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 Megapower Makmur's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Megapower Makmur Stock Forecast Pattern

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Megapower Makmur Forecasted Value

In the context of forecasting Megapower Makmur'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. Megapower Makmur's downside and upside margins for the forecasting period are 78.51 and 90.50, respectively. We have considered Megapower Makmur'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
84.00
84.50
Expected Value
90.50
Upside

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 Megapower Makmur stock data series using in forecasting. Note that when a statistical model is used to represent Megapower Makmur 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 CriteriaHuge
BiasArithmetic mean of the errors -0.6428
MADMean absolute deviation3.3849
MAPEMean absolute percentage error0.04
SAESum of the absolute errors199.7102
As with simple exponential smoothing, in triple exponential smoothing models past Megapower Makmur 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 Megapower Makmur TBK observations.

Predictive Modules for Megapower Makmur

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Megapower Makmur TBK. 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
LowEstimatedHigh
0.000.005.99
Details
Intrinsic
Valuation
LowRealHigh
0.000.005.99
Details
Bollinger
Band Projection (param)
LowMiddleHigh
66.1482.3098.46
Details

Other Forecasting Options for Megapower Makmur

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

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

Megapower Makmur TBK 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 Megapower Makmur'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 Megapower Makmur's current price.

Megapower Makmur Market Strength Events

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

Megapower Makmur Risk Indicators

The analysis of Megapower Makmur'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 Megapower Makmur's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting megapower 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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Other Information on Investing in Megapower Stock

Megapower Makmur financial ratios help investors to determine whether Megapower 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 Megapower with respect to the benefits of owning Megapower Makmur security.