Enchanted World Stock Forecast - Simple Exponential Smoothing
| ENCW Stock | USD 0.0003 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of Enchanted World on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Enchanted Stock Forecast is based on your current time horizon.
At this time the value of rsi of Enchanted World's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Enchanted World hype-based prediction, you can estimate the value of Enchanted World from the perspective of Enchanted World response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Enchanted World on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Enchanted World after-hype prediction price | USD 3.0E-4 |
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.
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Enchanted World Additional Predictive Modules
Most predictive techniques to examine Enchanted price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Enchanted using various technical indicators. When you analyze Enchanted 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 | ||
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Enchanted World Simple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Enchanted World on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Enchanted 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 Enchanted World's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Enchanted World Stock Forecast Pattern
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Enchanted World Forecasted Value
In the context of forecasting Enchanted World'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. Enchanted World's downside and upside margins for the forecasting period are 0.0003 and 0.0003, respectively. We have considered Enchanted World'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 Enchanted World stock data series using in forecasting. Note that when a statistical model is used to represent Enchanted World 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 | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Enchanted World
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enchanted World. 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 Enchanted World'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.
Enchanted World After-Hype Price Prediction Density Analysis
As far as predicting the price of Enchanted World at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Enchanted World or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Enchanted World, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Enchanted World Estimiated After-Hype Price Volatility
In the context of predicting Enchanted World's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Enchanted World's historical news coverage. Enchanted World's after-hype downside and upside margins for the prediction period are 0.00 and 0.00, respectively. We have considered Enchanted World's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Enchanted World is very steady at this time. Analysis and calculation of next after-hype price of Enchanted World is based on 3 months time horizon.
Enchanted World Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Enchanted World is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enchanted World backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Enchanted World, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 0.00 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.0003 | 0.0003 | 0.00 |
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Enchanted World Hype Timeline
Enchanted World is currently traded for 0.0003. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Enchanted is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.0%. %. The volatility of related hype on Enchanted World is about 0.0%, with the expected price after the next announcement by competition of 0.00. The company recorded a loss per share of 0.03. Enchanted World had not issued any dividends in recent years. The entity had 1:1000 split on the 8th of December 2014. Given the investment horizon of 90 days the next forecasted press release will be in a few days. Check out Historical Fundamental Analysis of Enchanted World to cross-verify your projections. For more information on how to buy Enchanted Stock please use our How to Invest in Enchanted World guide.Enchanted World Related Hype Analysis
Having access to credible news sources related to Enchanted World's direct competition is more important than ever and may enhance your ability to predict Enchanted World's future price movements. Getting to know how Enchanted World's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Enchanted World may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| BRSF | Brain Scientific | 0.00 | 1 per month | 0.00 | 0.05 | 0.00 | 0.00 | 150.00 | |
| PPII | Coenzyme A | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| HLTHQ | Cue Health | 0.00 | 2 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NRTSF | Nobilis Health Corp | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AOBI | American Oriental Bioengineering | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| APYI | Aspyra Inc | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CLVR | Clever Leaves Holdings | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| MYMX | Mymetics Corp | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SDNI | Scandia | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| MICRD | Micron Solutions | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for Enchanted World
For every potential investor in Enchanted, whether a beginner or expert, Enchanted World's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enchanted Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enchanted. Basic forecasting techniques help filter out the noise by identifying Enchanted World's price trends.Enchanted World 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 Enchanted World stock to make a market-neutral strategy. Peer analysis of Enchanted World could also be used in its relative valuation, which is a method of valuing Enchanted World by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enchanted World Market Strength Events
Market strength indicators help investors to evaluate how Enchanted World stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enchanted World shares will generate the highest return on investment. By undertsting and applying Enchanted World stock market strength indicators, traders can identify Enchanted World entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 3.0E-4 | |||
| Day Typical Price | 3.0E-4 |
Story Coverage note for Enchanted World
The number of cover stories for Enchanted World depends on current market conditions and Enchanted World's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Enchanted World is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Enchanted World's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for Enchanted Stock Analysis
When running Enchanted World's price analysis, check to measure Enchanted World'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 Enchanted World is operating at the current time. Most of Enchanted World's value examination focuses on studying past and present price action to predict the probability of Enchanted World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enchanted World's price. Additionally, you may evaluate how the addition of Enchanted World to your portfolios can decrease your overall portfolio volatility.