Enghouse Systems Pink Sheet Forecast - 20 Period Moving Average
| EGHSF Stock | USD 20.71 0.23 1.10% |
The 20 Period Moving Average forecasted value of Enghouse Systems Limited on the next trading day is expected to be 21.29 with a mean absolute deviation of 0.88 and the sum of the absolute errors of 35.98. Enghouse Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Enghouse Systems' historical fundamentals, such as revenue growth or operating cash flow patterns.
Enghouse |
Enghouse Systems 20 Period Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Enghouse Systems Limited on the next trading day is expected to be 21.29 with a mean absolute deviation of 0.88, mean absolute percentage error of 0.90, and the sum of the absolute errors of 35.98.Please note that although there have been many attempts to predict Enghouse Pink Sheet 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 Enghouse Systems' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Enghouse Systems Pink Sheet Forecast Pattern
| Backtest Enghouse Systems | Enghouse Systems Price Prediction | Buy or Sell Advice |
Enghouse Systems Forecasted Value
In the context of forecasting Enghouse Systems' Pink Sheet 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. Enghouse Systems' downside and upside margins for the forecasting period are 19.81 and 22.77, respectively. We have considered Enghouse Systems' 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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Enghouse Systems pink sheet data series using in forecasting. Note that when a statistical model is used to represent Enghouse Systems pink sheet, 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 | 81.2471 |
| Bias | Arithmetic mean of the errors | 0.608 |
| MAD | Mean absolute deviation | 0.8777 |
| MAPE | Mean absolute percentage error | 0.0395 |
| SAE | Sum of the absolute errors | 35.9845 |
Predictive Modules for Enghouse Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enghouse Systems. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Enghouse Systems' 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 Enghouse Systems
For every potential investor in Enghouse, whether a beginner or expert, Enghouse Systems' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enghouse Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enghouse. Basic forecasting techniques help filter out the noise by identifying Enghouse Systems' price trends.Enghouse Systems 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 Enghouse Systems pink sheet to make a market-neutral strategy. Peer analysis of Enghouse Systems could also be used in its relative valuation, which is a method of valuing Enghouse Systems by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enghouse Systems Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Enghouse Systems' 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 Enghouse Systems' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Enghouse Systems Market Strength Events
Market strength indicators help investors to evaluate how Enghouse Systems pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enghouse Systems shares will generate the highest return on investment. By undertsting and applying Enghouse Systems pink sheet market strength indicators, traders can identify Enghouse Systems Limited entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 20.71 | |||
| Day Typical Price | 20.71 | |||
| Price Action Indicator | (0.12) | |||
| Period Momentum Indicator | (0.23) | |||
| Relative Strength Index | 32.61 |
Enghouse Systems Risk Indicators
The analysis of Enghouse Systems' 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 Enghouse Systems' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enghouse pink sheet 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 | 0.9132 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.12 |
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
Other Information on Investing in Enghouse Pink Sheet
Enghouse Systems financial ratios help investors to determine whether Enghouse Pink Sheet 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 Enghouse with respect to the benefits of owning Enghouse Systems security.