111 Stock Forecast - Double Exponential Smoothing
| YI Stock | USD 1.33 0.01 0.75% |
The Double Exponential Smoothing forecasted value of 111 Inc on the next trading day is expected to be 1.35 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.52. 111 Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 111 stock prices and determine the direction of 111 Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 111's historical fundamentals, such as revenue growth or operating cash flow patterns. Although 111's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of 111's systematic risk associated with finding meaningful patterns of 111 fundamentals over time.
Check out Historical Fundamental Analysis of 111 to cross-verify your projections. 111 |
Most investors in 111 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 111's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets 111's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for 111 works best with periods where there are trends or seasonality. 111 Double Exponential Smoothing Price Forecast For the 20th of May
Given 90 days horizon, the Double Exponential Smoothing forecasted value of 111 Inc on the next trading day is expected to be 1.35 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.52.Please note that although there have been many attempts to predict 111 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 111's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
111 Stock Forecast Pattern
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111 Forecasted Value
In the context of forecasting 111'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. 111's downside and upside margins for the forecasting period are 0.01 and 6.25, respectively. We have considered 111'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 111 stock data series using in forecasting. Note that when a statistical model is used to represent 111 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 | 0.0055 |
| MAD | Mean absolute deviation | 0.0428 |
| MAPE | Mean absolute percentage error | 0.0361 |
| SAE | Sum of the absolute errors | 2.5238 |
Predictive Modules for 111
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 111 Inc. 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 111'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 111
For every potential investor in 111, whether a beginner or expert, 111's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 111 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 111. Basic forecasting techniques help filter out the noise by identifying 111's price trends.111 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 111 stock to make a market-neutral strategy. Peer analysis of 111 could also be used in its relative valuation, which is a method of valuing 111 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
111 Inc 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 111'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 111's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
111 Market Strength Events
Market strength indicators help investors to evaluate how 111 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 111 shares will generate the highest return on investment. By undertsting and applying 111 stock market strength indicators, traders can identify 111 Inc entry and exit signals to maximize returns.
111 Risk Indicators
The analysis of 111'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 111's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 111 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 | 3.32 | |||
| Standard Deviation | 4.96 | |||
| Variance | 24.63 |
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.
Currently Active Assets on Macroaxis
When determining whether 111 Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 111's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of 111 Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on 111 Inc Stock:Check out Historical Fundamental Analysis of 111 to cross-verify your projections. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for 111 Stock analysis
When running 111's price analysis, check to measure 111'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 111 is operating at the current time. Most of 111's value examination focuses on studying past and present price action to predict the probability of 111's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 111's price. Additionally, you may evaluate how the addition of 111 to your portfolios can decrease your overall portfolio volatility.
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Is 111's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 111. If investors know 111 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 111 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share 177.311 | Quarterly Revenue Growth (0.01) | Return On Assets (0.07) | Return On Equity (0.79) |
The market value of 111 Inc is measured differently than its book value, which is the value of 111 that is recorded on the company's balance sheet. Investors also form their own opinion of 111's value that differs from its market value or its book value, called intrinsic value, which is 111's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 111's market value can be influenced by many factors that don't directly affect 111's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 111's value and its price as these two are different measures arrived at by different means. Investors typically determine if 111 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 111's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.