SK Telecom Stock Forecast - Simple Exponential Smoothing
| SKM Stock | USD 23.91 0.33 1.36% |
The Simple Exponential Smoothing forecasted value of SK Telecom Co on the next trading day is expected to be 23.91 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.73. SKM Stock Forecast is based on your current time horizon. Although SK Telecom's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of SK Telecom's systematic risk associated with finding meaningful patterns of SK Telecom fundamentals over time.
SKM |
Open Interest Against 2024-10-18 SKM Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast SK Telecom's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in SK Telecom's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for SK Telecom stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current SK Telecom's open interest, investors have to compare it to SK Telecom's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of SK Telecom is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in SKM. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
SK Telecom Simple Exponential Smoothing Price Forecast For the 22nd of September
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of SK Telecom Co on the next trading day is expected to be 23.91 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.09, and the sum of the absolute errors of 12.73.Please note that although there have been many attempts to predict SKM 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 SK Telecom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SK Telecom Stock Forecast Pattern
| Backtest SK Telecom | SK Telecom Price Prediction | Buy or Sell Advice |
SK Telecom Forecasted Value
In the context of forecasting SK Telecom'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. SK Telecom's downside and upside margins for the forecasting period are 22.60 and 25.22, respectively. We have considered SK Telecom'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of SK Telecom stock data series using in forecasting. Note that when a statistical model is used to represent SK Telecom 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 | 115.67 |
| Bias | Arithmetic mean of the errors | -0.0566 |
| MAD | Mean absolute deviation | 0.2087 |
| MAPE | Mean absolute percentage error | 0.0093 |
| SAE | Sum of the absolute errors | 12.73 |
Predictive Modules for SK Telecom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SK Telecom. 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 SK Telecom'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 SK Telecom
For every potential investor in SKM, whether a beginner or expert, SK Telecom's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SKM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SKM. Basic forecasting techniques help filter out the noise by identifying SK Telecom's price trends.SK Telecom 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 SK Telecom stock to make a market-neutral strategy. Peer analysis of SK Telecom could also be used in its relative valuation, which is a method of valuing SK Telecom by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SK Telecom 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 SK Telecom'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 SK Telecom's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SK Telecom Market Strength Events
Market strength indicators help investors to evaluate how SK Telecom stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SK Telecom shares will generate the highest return on investment. By undertsting and applying SK Telecom stock market strength indicators, traders can identify SK Telecom Co entry and exit signals to maximize returns.
| Accumulation Distribution | 4421.94 | |||
| Daily Balance Of Power | (0.79) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 23.89 | |||
| Day Typical Price | 23.9 | |||
| Price Action Indicator | (0.14) | |||
| Period Momentum Indicator | (0.33) |
SK Telecom Risk Indicators
The analysis of SK Telecom'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 SK Telecom's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting skm 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 | 0.9211 | |||
| Semi Deviation | 0.9949 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.7 | |||
| Downside Variance | 1.66 | |||
| Semi Variance | 0.9899 | |||
| Expected Short fall | (1.04) |
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 ArchitectAdditional Information and Resources on Investing in SKM Stock
When determining whether SK Telecom is a strong investment it is important to analyze SK Telecom's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SK Telecom's future performance. For an informed investment choice regarding SKM Stock, refer to the following important reports:Check out Historical Fundamental Analysis of SK Telecom to cross-verify your projections. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Wireless Telecommunication Services space 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 SK Telecom. If investors know SKM 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 SK Telecom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.048 | Dividend Share 5.2 K | Earnings Share 2.24 | Revenue Per Share 46.2 K | Quarterly Revenue Growth 0.027 |
The market value of SK Telecom is measured differently than its book value, which is the value of SKM that is recorded on the company's balance sheet. Investors also form their own opinion of SK Telecom's value that differs from its market value or its book value, called intrinsic value, which is SK Telecom'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 SK Telecom's market value can be influenced by many factors that don't directly affect SK Telecom'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 SK Telecom's value and its price as these two are different measures arrived at by different means. Investors typically determine if SK Telecom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SK Telecom'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.