Thanasiri Group Stock Forecast - Double Exponential Smoothing
| THANA Stock | THB 1.57 0.03 1.88% |
The Double Exponential Smoothing forecasted value of Thanasiri Group Public on the next trading day is expected to be 1.59 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.19. Thanasiri Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Thanasiri Group stock prices and determine the direction of Thanasiri Group Public's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Thanasiri Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
The value of RSI of Thanasiri Group's stock price is about 69. This usually implies that the stock is rather overbought by investors as of now. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Thanasiri, making its price go up or down. Momentum 69
Buy Stretched
Oversold | Overbought |
Using Thanasiri Group hype-based prediction, you can estimate the value of Thanasiri Group Public from the perspective of Thanasiri Group response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Thanasiri Group Public on the next trading day is expected to be 1.59 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.19. Thanasiri Group after-hype prediction price | THB 1.57 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Thanasiri |
Thanasiri Group Additional Predictive Modules
Most predictive techniques to examine Thanasiri price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Thanasiri using various technical indicators. When you analyze Thanasiri charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Thanasiri Group Double Exponential Smoothing Price Forecast For the 19th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Thanasiri Group Public on the next trading day is expected to be 1.59 with a mean absolute deviation of 0.04, mean absolute percentage error of 0.01, and the sum of the absolute errors of 2.19.Please note that although there have been many attempts to predict Thanasiri 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 Thanasiri Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Thanasiri Group Stock Forecast Pattern
| Backtest Thanasiri Group | Thanasiri Group Price Prediction | Buy or Sell Advice |
Thanasiri Group Forecasted Value
In the context of forecasting Thanasiri Group'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. Thanasiri Group's downside and upside margins for the forecasting period are 0.02 and 7.95, respectively. We have considered Thanasiri Group'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Thanasiri Group stock data series using in forecasting. Note that when a statistical model is used to represent Thanasiri Group 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 | -0.0106 |
| MAD | Mean absolute deviation | 0.0371 |
| MAPE | Mean absolute percentage error | 0.0299 |
| SAE | Sum of the absolute errors | 2.1898 |
Predictive Modules for Thanasiri Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thanasiri Group Public. 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 Thanasiri Group
For every potential investor in Thanasiri, whether a beginner or expert, Thanasiri Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thanasiri Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thanasiri. Basic forecasting techniques help filter out the noise by identifying Thanasiri Group's price trends.Thanasiri Group 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 Thanasiri Group stock to make a market-neutral strategy. Peer analysis of Thanasiri Group could also be used in its relative valuation, which is a method of valuing Thanasiri Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Thanasiri Group Public 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 Thanasiri Group'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 Thanasiri Group's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Thanasiri Group Market Strength Events
Market strength indicators help investors to evaluate how Thanasiri Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thanasiri Group shares will generate the highest return on investment. By undertsting and applying Thanasiri Group stock market strength indicators, traders can identify Thanasiri Group Public entry and exit signals to maximize returns.
Thanasiri Group Risk Indicators
The analysis of Thanasiri Group'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 Thanasiri Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thanasiri 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 | 3.05 | |||
| Semi Deviation | 2.15 | |||
| Standard Deviation | 6.03 | |||
| Variance | 36.4 | |||
| Downside Variance | 8.92 | |||
| Semi Variance | 4.63 | |||
| Expected Short fall | (5.25) |
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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Thanasiri Group financial ratios help investors to determine whether Thanasiri 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 Thanasiri with respect to the benefits of owning Thanasiri Group security.