Daxin Materials Stock Forecast - Simple Exponential Smoothing
| 5234 Stock | TWD 147.50 0.50 0.34% |
The Simple Exponential Smoothing forecasted value of Daxin Materials Corp on the next trading day is expected to be 147.50 with a mean absolute deviation of 3.16 and the sum of the absolute errors of 192.50. Daxin Stock Forecast is based on your current time horizon.
Daxin |
Most investors in Daxin Materials 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 Daxin Materials' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Daxin Materials' price structures and extracts relationships that further increase the generated results' accuracy.
Daxin Materials simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Daxin Materials Corp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Daxin Materials Corp prices get older. Daxin Materials Simple Exponential Smoothing Price Forecast For the 30th of June
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Daxin Materials Corp on the next trading day is expected to be 147.50 with a mean absolute deviation of 3.16, mean absolute percentage error of 21.18, and the sum of the absolute errors of 192.50.Please note that although there have been many attempts to predict Daxin 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 Daxin Materials' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Daxin Materials Stock Forecast Pattern
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Daxin Materials Forecasted Value
In the context of forecasting Daxin Materials' 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. Daxin Materials' downside and upside margins for the forecasting period are 144.47 and 150.53, respectively. We have considered Daxin Materials' 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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Daxin Materials stock data series using in forecasting. Note that when a statistical model is used to represent Daxin Materials 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 | 121.1638 |
| Bias | Arithmetic mean of the errors | 0.1721 |
| MAD | Mean absolute deviation | 3.1557 |
| MAPE | Mean absolute percentage error | 0.0203 |
| SAE | Sum of the absolute errors | 192.5 |
Predictive Modules for Daxin Materials
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daxin Materials Corp. 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 Daxin Materials' 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 Daxin Materials
For every potential investor in Daxin, whether a beginner or expert, Daxin Materials' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daxin Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daxin. Basic forecasting techniques help filter out the noise by identifying Daxin Materials' price trends.Daxin Materials 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 Daxin Materials stock to make a market-neutral strategy. Peer analysis of Daxin Materials could also be used in its relative valuation, which is a method of valuing Daxin Materials by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Daxin Materials Corp 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 Daxin Materials' 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 Daxin Materials' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Daxin Materials Market Strength Events
Market strength indicators help investors to evaluate how Daxin Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daxin Materials shares will generate the highest return on investment. By undertsting and applying Daxin Materials stock market strength indicators, traders can identify Daxin Materials Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 32307.18 | |||
| Daily Balance Of Power | (0.11) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 149.25 | |||
| Day Typical Price | 148.67 | |||
| Price Action Indicator | (2.00) | |||
| Period Momentum Indicator | (0.50) | |||
| Relative Strength Index | 41.28 |
Daxin Materials Risk Indicators
The analysis of Daxin Materials' 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 Daxin Materials' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daxin 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 | 2.11 | |||
| Semi Deviation | 2.35 | |||
| Standard Deviation | 3.03 | |||
| Variance | 9.16 | |||
| Downside Variance | 6.62 | |||
| Semi Variance | 5.5 | |||
| Expected Short fall | (3.05) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Daxin Stock Analysis
When running Daxin Materials' price analysis, check to measure Daxin Materials' 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 Daxin Materials is operating at the current time. Most of Daxin Materials' value examination focuses on studying past and present price action to predict the probability of Daxin Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daxin Materials' price. Additionally, you may evaluate how the addition of Daxin Materials to your portfolios can decrease your overall portfolio volatility.