Dexon Technology Stock Forecast - Simple Exponential Smoothing

DEXON Stock   1.56  0.00  0.00%   
The Simple Exponential Smoothing forecasted value of Dexon Technology PCL on the next trading day is expected to be 1.56 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.09. Investors can use prediction functions to forecast Dexon Technology's stock prices and determine the direction of Dexon Technology PCL's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Dexon Technology's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
Dexon Technology 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 Dexon Technology PCL are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Dexon Technology PCL prices get older.

Dexon Technology Simple Exponential Smoothing Price Forecast For the 10th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Dexon Technology PCL on the next trading day is expected to be 1.56 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0008, and the sum of the absolute errors of 1.09.
Please note that although there have been many attempts to predict Dexon 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 Dexon Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dexon Technology Stock Forecast Pattern

Dexon Technology Forecasted Value

In the context of forecasting Dexon Technology'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. Dexon Technology's downside and upside margins for the forecasting period are 0.02 and 3.26, respectively. We have considered Dexon Technology'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.
Market Value
1.56
1.56
Expected Value
3.26
Upside

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 Dexon Technology stock data series using in forecasting. Note that when a statistical model is used to represent Dexon Technology 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.
AICAkaike Information Criteria109.0774
BiasArithmetic mean of the errors 0.0025
MADMean absolute deviation0.0181
MAPEMean absolute percentage error0.0111
SAESum of the absolute errors1.0888
This simple exponential smoothing model begins by setting Dexon Technology PCL forecast for the second period equal to the observation of the first period. In other words, recent Dexon Technology observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Dexon Technology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dexon Technology PCL. 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 Dexon Technology

For every potential investor in Dexon, whether a beginner or expert, Dexon Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dexon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dexon. Basic forecasting techniques help filter out the noise by identifying Dexon Technology's price trends.

Dexon Technology 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 Dexon Technology stock to make a market-neutral strategy. Peer analysis of Dexon Technology could also be used in its relative valuation, which is a method of valuing Dexon Technology by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Dexon Technology PCL 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 Dexon Technology'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 Dexon Technology's current price.

Dexon Technology Market Strength Events

Market strength indicators help investors to evaluate how Dexon Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dexon Technology shares will generate the highest return on investment. By undertsting and applying Dexon Technology stock market strength indicators, traders can identify Dexon Technology PCL entry and exit signals to maximize returns.

Dexon Technology Risk Indicators

The analysis of Dexon Technology'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 Dexon Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dexon 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.
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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