Enlight Renewable Stock Forecast - Simple Regression

ENLT Stock  ILS 6,065  117.00  1.97%   
The Simple Regression forecasted value of Enlight Renewable Energy on the next trading day is expected to be 5,970 with a mean absolute deviation of 104.78 and the sum of the absolute errors of 6,391. Enlight Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Enlight Renewable stock prices and determine the direction of Enlight Renewable Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Enlight Renewable's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Enlight Renewable price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Enlight Renewable Simple Regression Price Forecast For the 27th of November

Given 90 days horizon, the Simple Regression forecasted value of Enlight Renewable Energy on the next trading day is expected to be 5,970 with a mean absolute deviation of 104.78, mean absolute percentage error of 19,001, and the sum of the absolute errors of 6,391.
Please note that although there have been many attempts to predict Enlight 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 Enlight Renewable's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Enlight Renewable Stock Forecast Pattern

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Enlight Renewable Forecasted Value

In the context of forecasting Enlight Renewable'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. Enlight Renewable's downside and upside margins for the forecasting period are 5,968 and 5,972, respectively. We have considered Enlight Renewable'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.
Market Value
6,065
5,970
Expected Value
5,972
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Enlight Renewable stock data series using in forecasting. Note that when a statistical model is used to represent Enlight Renewable 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.
AICAkaike Information Criteria127.9627
BiasArithmetic mean of the errors None
MADMean absolute deviation104.7762
MAPEMean absolute percentage error0.0177
SAESum of the absolute errors6391.347
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Enlight Renewable Energy historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Enlight Renewable

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enlight Renewable Energy. 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.
Hype
Prediction
LowEstimatedHigh
5,9465,9485,950
Details
Intrinsic
Valuation
LowRealHigh
4,9854,9876,543
Details

Other Forecasting Options for Enlight Renewable

For every potential investor in Enlight, whether a beginner or expert, Enlight Renewable's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enlight Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enlight. Basic forecasting techniques help filter out the noise by identifying Enlight Renewable's price trends.

Enlight Renewable 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 Enlight Renewable stock to make a market-neutral strategy. Peer analysis of Enlight Renewable could also be used in its relative valuation, which is a method of valuing Enlight Renewable by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Enlight Renewable Energy 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 Enlight Renewable'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 Enlight Renewable's current price.

Enlight Renewable Market Strength Events

Market strength indicators help investors to evaluate how Enlight Renewable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enlight Renewable shares will generate the highest return on investment. By undertsting and applying Enlight Renewable stock market strength indicators, traders can identify Enlight Renewable Energy entry and exit signals to maximize returns.

Enlight Renewable Risk Indicators

The analysis of Enlight Renewable'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 Enlight Renewable's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enlight 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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in Enlight Stock

When determining whether Enlight Renewable Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Enlight Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Enlight Renewable Energy Stock. Highlighted below are key reports to facilitate an investment decision about Enlight Renewable Energy Stock:
Check out Historical Fundamental Analysis of Enlight Renewable to cross-verify your projections.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Please note, there is a significant difference between Enlight Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enlight Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enlight Renewable'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.