Encore Capital Stock Forecast - Polynomial Regression
| ECPG Stock | USD 49.14 1.10 2.29% |
The Polynomial Regression forecasted value of Encore Capital Group on the next trading day is expected to be 50.17 with a mean absolute deviation of 1.05 and the sum of the absolute errors of 64.09. Encore Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Encore Capital's historical fundamentals, such as revenue growth or operating cash flow patterns.
Encore |
Encore Capital Polynomial Regression Price Forecast For the 26th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Encore Capital Group on the next trading day is expected to be 50.17 with a mean absolute deviation of 1.05, mean absolute percentage error of 1.53, and the sum of the absolute errors of 64.09.Please note that although there have been many attempts to predict Encore 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 Encore Capital's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Encore Capital Stock Forecast Pattern
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Encore Capital Forecasted Value
In the context of forecasting Encore Capital'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. Encore Capital's downside and upside margins for the forecasting period are 48.38 and 51.96, respectively. We have considered Encore Capital'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Encore Capital stock data series using in forecasting. Note that when a statistical model is used to represent Encore Capital 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 | 118.5336 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0507 |
| MAPE | Mean absolute percentage error | 0.0223 |
| SAE | Sum of the absolute errors | 64.0943 |
Predictive Modules for Encore Capital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Encore Capital Group. 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 Encore Capital
For every potential investor in Encore, whether a beginner or expert, Encore Capital's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Encore Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Encore. Basic forecasting techniques help filter out the noise by identifying Encore Capital's price trends.Encore Capital 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 Encore Capital stock to make a market-neutral strategy. Peer analysis of Encore Capital could also be used in its relative valuation, which is a method of valuing Encore Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Encore Capital Group 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 Encore Capital'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 Encore Capital's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
Encore Capital Market Strength Events
Market strength indicators help investors to evaluate how Encore Capital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Encore Capital shares will generate the highest return on investment. By undertsting and applying Encore Capital stock market strength indicators, traders can identify Encore Capital Group entry and exit signals to maximize returns.
Encore Capital Risk Indicators
The analysis of Encore Capital'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 Encore Capital's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting encore 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 | 1.37 | |||
| Semi Deviation | 1.53 | |||
| Standard Deviation | 1.81 | |||
| Variance | 3.29 | |||
| Downside Variance | 2.44 | |||
| Semi Variance | 2.35 | |||
| Expected Short fall | (1.58) |
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.
Currently Active Assets on Macroaxis
When determining whether Encore Capital Group is a strong investment it is important to analyze Encore Capital'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 Encore Capital's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Encore Capital to cross-verify your projections. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Consumer Finance 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 Encore Capital. If investors know Encore 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 Encore Capital 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 0.595 | Earnings Share (7.83) | Revenue Per Share 55.731 | Quarterly Revenue Growth 0.186 | Return On Assets 0.0425 |
The market value of Encore Capital Group is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Capital's value that differs from its market value or its book value, called intrinsic value, which is Encore Capital'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 Encore Capital's market value can be influenced by many factors that don't directly affect Encore Capital'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 Encore Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Capital'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.