Eurocastle Investment Stock Forecast - Naive Prediction
| ECT Stock | EUR 6.00 0.00 0.00% |
The Naive Prediction forecasted value of Eurocastle Investment on the next trading day is expected to be 5.44 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 9.00. Eurocastle Stock Forecast is based on your current time horizon.
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Eurocastle Investment Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of Eurocastle Investment on the next trading day is expected to be 5.44 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.03, and the sum of the absolute errors of 9.00.Please note that although there have been many attempts to predict Eurocastle 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 Eurocastle Investment's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eurocastle Investment Stock Forecast Pattern
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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 Eurocastle Investment stock data series using in forecasting. Note that when a statistical model is used to represent Eurocastle Investment 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 | 114.6736 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1475 |
| MAPE | Mean absolute percentage error | 0.0208 |
| SAE | Sum of the absolute errors | 8.9982 |
Predictive Modules for Eurocastle Investment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eurocastle Investment. 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.Eurocastle Investment 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 Eurocastle Investment stock to make a market-neutral strategy. Peer analysis of Eurocastle Investment could also be used in its relative valuation, which is a method of valuing Eurocastle Investment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eurocastle Investment Market Strength Events
Market strength indicators help investors to evaluate how Eurocastle Investment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eurocastle Investment shares will generate the highest return on investment. By undertsting and applying Eurocastle Investment stock market strength indicators, traders can identify Eurocastle Investment entry and exit signals to maximize returns.
Eurocastle Investment Risk Indicators
The analysis of Eurocastle Investment'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 Eurocastle Investment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eurocastle 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 | 2.47 | |||
| Standard Deviation | 3.56 | |||
| Variance | 12.69 |
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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Additional Tools for Eurocastle Stock Analysis
When running Eurocastle Investment's price analysis, check to measure Eurocastle Investment'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 Eurocastle Investment is operating at the current time. Most of Eurocastle Investment's value examination focuses on studying past and present price action to predict the probability of Eurocastle Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eurocastle Investment's price. Additionally, you may evaluate how the addition of Eurocastle Investment to your portfolios can decrease your overall portfolio volatility.