Eastern Water Stock Forecast - Naive Prediction
| EASTW Stock | THB 2.06 0.22 11.96% |
The Naive Prediction forecasted value of Eastern Water Resources on the next trading day is expected to be 2.06 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.51. Eastern Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eastern Water stock prices and determine the direction of Eastern Water Resources's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eastern Water's historical fundamentals, such as revenue growth or operating cash flow patterns.
As of now, the value of RSI of Eastern Water's share price is approaching 38 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Eastern Water, making its price go up or down. Momentum 38
Sell Extended
Oversold | Overbought |
Using Eastern Water hype-based prediction, you can estimate the value of Eastern Water Resources from the perspective of Eastern Water response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Eastern Water Resources on the next trading day is expected to be 2.06 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.51. Eastern Water after-hype prediction price | THB 2.06 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Eastern |
Eastern Water Additional Predictive Modules
Most predictive techniques to examine Eastern price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Eastern using various technical indicators. When you analyze Eastern charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eastern Water Naive Prediction Price Forecast For the 21st of January
Given 90 days horizon, the Naive Prediction forecasted value of Eastern Water Resources on the next trading day is expected to be 2.06 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.51.Please note that although there have been many attempts to predict Eastern 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 Eastern Water's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eastern Water Stock Forecast Pattern
| Backtest Eastern Water | Eastern Water Price Prediction | Buy or Sell Advice |
Eastern Water Forecasted Value
In the context of forecasting Eastern Water'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. Eastern Water's downside and upside margins for the forecasting period are 0.02 and 4.49, respectively. We have considered Eastern Water'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Eastern Water stock data series using in forecasting. Note that when a statistical model is used to represent Eastern Water 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 | 114.0201 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0404 |
| MAPE | Mean absolute percentage error | 0.0194 |
| SAE | Sum of the absolute errors | 2.5066 |
Predictive Modules for Eastern Water
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Water Resources. 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 Eastern Water'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 Eastern Water
For every potential investor in Eastern, whether a beginner or expert, Eastern Water's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eastern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eastern. Basic forecasting techniques help filter out the noise by identifying Eastern Water's price trends.Eastern Water 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 Eastern Water stock to make a market-neutral strategy. Peer analysis of Eastern Water could also be used in its relative valuation, which is a method of valuing Eastern Water by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eastern Water Resources 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 Eastern Water'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 Eastern Water's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eastern Water Market Strength Events
Market strength indicators help investors to evaluate how Eastern Water stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastern Water shares will generate the highest return on investment. By undertsting and applying Eastern Water stock market strength indicators, traders can identify Eastern Water Resources entry and exit signals to maximize returns.
Eastern Water Risk Indicators
The analysis of Eastern Water'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 Eastern Water's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eastern 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 | 1.6 | |||
| Standard Deviation | 2.53 | |||
| Variance | 6.41 |
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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Eastern Water financial ratios help investors to determine whether Eastern Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eastern with respect to the benefits of owning Eastern Water security.