Ringkjoebing Landbobank Stock Forecast - Simple Exponential Smoothing
| RILBA Stock | DKK 1,224 11.00 0.91% |
The Simple Exponential Smoothing forecasted value of Ringkjoebing Landbobank AS on the next trading day is expected to be 1,224 with a mean absolute deviation of 9.81 and the sum of the absolute errors of 588.33. Ringkjoebing Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ringkjoebing Landbobank stock prices and determine the direction of Ringkjoebing Landbobank AS's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ringkjoebing Landbobank's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Ringkjoebing Landbobank to cross-verify your projections. Ringkjoebing |
Most investors in Ringkjoebing Landbobank 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 Ringkjoebing Landbobank's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ringkjoebing Landbobank's price structures and extracts relationships that further increase the generated results' accuracy.
Ringkjoebing Landbobank 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 Ringkjoebing Landbobank AS are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Ringkjoebing Landbobank prices get older. Ringkjoebing Landbobank Simple Exponential Smoothing Price Forecast For the 16th of April 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Ringkjoebing Landbobank AS on the next trading day is expected to be 1,224 with a mean absolute deviation of 9.81, mean absolute percentage error of 143.73, and the sum of the absolute errors of 588.33.Please note that although there have been many attempts to predict Ringkjoebing 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 Ringkjoebing Landbobank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ringkjoebing Landbobank Stock Forecast Pattern
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Ringkjoebing Landbobank Forecasted Value
In the context of forecasting Ringkjoebing Landbobank'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. Ringkjoebing Landbobank's downside and upside margins for the forecasting period are 1,223 and 1,225, respectively. We have considered Ringkjoebing Landbobank'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 Ringkjoebing Landbobank stock data series using in forecasting. Note that when a statistical model is used to represent Ringkjoebing Landbobank 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 | 121.2406 |
| Bias | Arithmetic mean of the errors | -3.9582 |
| MAD | Mean absolute deviation | 9.8055 |
| MAPE | Mean absolute percentage error | 0.0086 |
| SAE | Sum of the absolute errors | 588.33 |
Predictive Modules for Ringkjoebing Landbobank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ringkjoebing Landbobank. 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 Ringkjoebing Landbobank'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 Ringkjoebing Landbobank
For every potential investor in Ringkjoebing, whether a beginner or expert, Ringkjoebing Landbobank's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ringkjoebing Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ringkjoebing. Basic forecasting techniques help filter out the noise by identifying Ringkjoebing Landbobank's price trends.Ringkjoebing Landbobank 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 Ringkjoebing Landbobank stock to make a market-neutral strategy. Peer analysis of Ringkjoebing Landbobank could also be used in its relative valuation, which is a method of valuing Ringkjoebing Landbobank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ringkjoebing Landbobank 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 Ringkjoebing Landbobank'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 Ringkjoebing Landbobank's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ringkjoebing Landbobank Market Strength Events
Market strength indicators help investors to evaluate how Ringkjoebing Landbobank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ringkjoebing Landbobank shares will generate the highest return on investment. By undertsting and applying Ringkjoebing Landbobank stock market strength indicators, traders can identify Ringkjoebing Landbobank AS entry and exit signals to maximize returns.
Ringkjoebing Landbobank Risk Indicators
The analysis of Ringkjoebing Landbobank'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 Ringkjoebing Landbobank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ringkjoebing 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 | 0.8305 | |||
| Semi Deviation | 0.4809 | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.07 | |||
| Downside Variance | 0.725 | |||
| Semi Variance | 0.2313 | |||
| Expected Short fall | (1.00) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ringkjoebing Landbobank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ringkjoebing Landbobank's short interest history, or implied volatility extrapolated from Ringkjoebing Landbobank options trading.
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Check out Historical Fundamental Analysis of Ringkjoebing Landbobank to cross-verify your projections. Note that the Ringkjoebing Landbobank information on this page should be used as a complementary analysis to other Ringkjoebing Landbobank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Ringkjoebing Stock analysis
When running Ringkjoebing Landbobank's price analysis, check to measure Ringkjoebing Landbobank'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 Ringkjoebing Landbobank is operating at the current time. Most of Ringkjoebing Landbobank's value examination focuses on studying past and present price action to predict the probability of Ringkjoebing Landbobank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ringkjoebing Landbobank's price. Additionally, you may evaluate how the addition of Ringkjoebing Landbobank to your portfolios can decrease your overall portfolio volatility.
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