OVERSEA CHINUNSPADR2 Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for OVERSEA CHINUNSPADR2 - 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 OVERSEA CHINUNSPADR2 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 OVERSEA CHINUNSPADR2 price movement. However, neither of these exponential smoothing models address any seasonality of OVERSEA CHINUNSPADR2.

OVERSEA CHINUNSPADR2 Triple Exponential Smoothing Price Forecast For the 22nd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of OVERSEA CHINUNSPADR2 on the next trading day is expected to be 23.40 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.04, and the sum of the absolute errors of 7.40.

OVERSEA CHINUNSPADR2 Stock Forecast Pattern

Backtest OVERSEA CHINUNSPADR2

OVERSEA CHINUNSPADR2 Price Prediction

Buy or Sell Advice

OVERSEA CHINUNSPADR2 Forecasted Value

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 OVERSEA CHINUNSPADR2 stock data series using in forecasting. Note that when a statistical model is used to represent OVERSEA CHINUNSPADR2 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. As with simple exponential smoothing, in triple exponential smoothing models past OVERSEA CHINUNSPADR2 observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older OVERSEA CHINUNSPADR2 observations.

Predictive Modules for OVERSEA CHINUNSPADR2

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OVERSEA CHINUNSPADR2. 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.

Hype Prediction Low Estimated High 22.45 23.40 24.35 Details

Intrinsic Valuation Low Real High 21.52 22.47 23.42 Details

Bollinger Band Projection (param) Low Middle High 22.27 23.05 23.83 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as OVERSEA CHINUNSPADR2. Your research has to be compared to or analyzed against OVERSEA CHINUNSPADR2's peers to derive any actionable benefits. When done correctly, OVERSEA CHINUNSPADR2's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in OVERSEA CHINUNSPADR2.

Other Forecasting Options for OVERSEA CHINUNSPADR2

For every potential investor in OVERSEA, whether a beginner or expert, OVERSEA CHINUNSPADR2's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OVERSEA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OVERSEA. Basic forecasting techniques help filter out the noise by identifying OVERSEA CHINUNSPADR2's price trends.

OVERSEA CHINUNSPADR2 Related Equities

Risk & Return

Correlation

OVERSEA CHINUNSPADR2 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 OVERSEA CHINUNSPADR2'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 OVERSEA CHINUNSPADR2's current price.

OVERSEA CHINUNSPADR2 Market Strength Events

OVERSEA CHINUNSPADR2 Risk Indicators

Currently Active Assets on Macroaxis

Other Information on Investing in OVERSEA Stock