Destinasi Tirta Stock Forecast - Triple Exponential Smoothing
| PDES Stock | IDR 232.00 0.00 0.00% |
The Triple Exponential Smoothing forecasted value of Destinasi Tirta Nusantara on the next trading day is expected to be 231.37 with a mean absolute deviation of 1.63 and the sum of the absolute errors of 96.29. Destinasi Stock Forecast is based on your current time horizon.
Destinasi |
Destinasi Tirta Triple Exponential Smoothing Price Forecast For the 27th of February
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Destinasi Tirta Nusantara on the next trading day is expected to be 231.37 with a mean absolute deviation of 1.63, mean absolute percentage error of 5.74, and the sum of the absolute errors of 96.29.Please note that although there have been many attempts to predict Destinasi 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 Destinasi Tirta's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Destinasi Tirta Stock Forecast Pattern
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Destinasi Tirta Forecasted Value
In the context of forecasting Destinasi Tirta'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. Destinasi Tirta's downside and upside margins for the forecasting period are 230.42 and 232.33, respectively. We have considered Destinasi Tirta'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.
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 Destinasi Tirta stock data series using in forecasting. Note that when a statistical model is used to represent Destinasi Tirta 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 | 0.3382 |
| MAD | Mean absolute deviation | 1.6321 |
| MAPE | Mean absolute percentage error | 0.0065 |
| SAE | Sum of the absolute errors | 96.2927 |
Predictive Modules for Destinasi Tirta
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Destinasi Tirta Nusantara. 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 Destinasi Tirta
For every potential investor in Destinasi, whether a beginner or expert, Destinasi Tirta's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Destinasi Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Destinasi. Basic forecasting techniques help filter out the noise by identifying Destinasi Tirta's price trends.Destinasi Tirta 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 Destinasi Tirta stock to make a market-neutral strategy. Peer analysis of Destinasi Tirta could also be used in its relative valuation, which is a method of valuing Destinasi Tirta by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Destinasi Tirta Nusantara 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 Destinasi Tirta'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 Destinasi Tirta's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Destinasi Tirta Market Strength Events
Market strength indicators help investors to evaluate how Destinasi Tirta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Destinasi Tirta shares will generate the highest return on investment. By undertsting and applying Destinasi Tirta stock market strength indicators, traders can identify Destinasi Tirta Nusantara entry and exit signals to maximize returns.
Destinasi Tirta Risk Indicators
The analysis of Destinasi Tirta'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 Destinasi Tirta's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting destinasi 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 | 0.6816 | |||
| Standard Deviation | 0.9281 | |||
| Variance | 0.8614 |
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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Destinasi Tirta financial ratios help investors to determine whether Destinasi 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 Destinasi with respect to the benefits of owning Destinasi Tirta security.