Hyundai Stock Forecast - Triple Exponential Smoothing
| 005380 Stock | 253,000 4,000 1.56% |
The Triple Exponential Smoothing forecasted value of Hyundai Motor on the next trading day is expected to be 253,535 with a mean absolute deviation of 4,733 and the sum of the absolute errors of 279,254. Hyundai Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hyundai stock prices and determine the direction of Hyundai Motor's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hyundai's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Hyundai to cross-verify your projections. Hyundai |
Most investors in Hyundai cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Hyundai's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Hyundai's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for Hyundai - 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 Hyundai 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 Hyundai price movement. However, neither of these exponential smoothing models address any seasonality of Hyundai Motor. Hyundai Triple Exponential Smoothing Price Forecast For the 4th of June
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Hyundai Motor on the next trading day is expected to be 253,535 with a mean absolute deviation of 4,733, mean absolute percentage error of 38,039,841, and the sum of the absolute errors of 279,254.Please note that although there have been many attempts to predict Hyundai 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 Hyundai's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hyundai Stock Forecast Pattern
| Backtest Hyundai | Hyundai Price Prediction | Buy or Sell Advice |
Hyundai Forecasted Value
In the context of forecasting Hyundai'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. Hyundai's downside and upside margins for the forecasting period are 253,532 and 253,537, respectively. We have considered Hyundai'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 Hyundai stock data series using in forecasting. Note that when a statistical model is used to represent Hyundai 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 | 922.0289 |
| MAD | Mean absolute deviation | 4733.1162 |
| MAPE | Mean absolute percentage error | 0.0194 |
| SAE | Sum of the absolute errors | 279253.8553 |
Predictive Modules for Hyundai
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hyundai Motor. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hyundai's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Hyundai
For every potential investor in Hyundai, whether a beginner or expert, Hyundai's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hyundai Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hyundai. Basic forecasting techniques help filter out the noise by identifying Hyundai's price trends.Hyundai 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 Hyundai stock to make a market-neutral strategy. Peer analysis of Hyundai could also be used in its relative valuation, which is a method of valuing Hyundai by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hyundai Motor 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 Hyundai'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 Hyundai's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hyundai Market Strength Events
Market strength indicators help investors to evaluate how Hyundai stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hyundai shares will generate the highest return on investment. By undertsting and applying Hyundai stock market strength indicators, traders can identify Hyundai Motor entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0269 | |||
| Daily Balance Of Power | (0.57) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 256500.0 | |||
| Day Typical Price | 255333.0 | |||
| Market Facilitation Index | 7000.0 | |||
| Price Action Indicator | (5,500) | |||
| Period Momentum Indicator | (4,000) |
Hyundai Risk Indicators
The analysis of Hyundai'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 Hyundai's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hyundai 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 | 1.92 | |||
| Semi Deviation | 1.9 | |||
| Standard Deviation | 2.58 | |||
| Variance | 6.67 | |||
| Downside Variance | 3.98 | |||
| Semi Variance | 3.62 | |||
| Expected Short fall | (2.33) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Hyundai to cross-verify your projections. Note that the Hyundai Motor information on this page should be used as a complementary analysis to other Hyundai's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Hyundai Stock analysis
When running Hyundai's price analysis, check to measure Hyundai's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hyundai is operating at the current time. Most of Hyundai's value examination focuses on studying past and present price action to predict the probability of Hyundai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hyundai's price. Additionally, you may evaluate how the addition of Hyundai to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |