Enovis Corp Stock Forecast - Naive Prediction

ENOV Stock  USD 27.69  0.23  0.82%   
The Naive Prediction forecasted value of Enovis Corp on the next trading day is expected to be 28.86 with a mean absolute deviation of 0.72 and the sum of the absolute errors of 44.33. Enovis Stock Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of Enovis Corp'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
The successful prediction of Enovis Corp's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Enovis Corp and does not consider all of the tangible or intangible factors available from Enovis Corp's fundamental data. We analyze noise-free headlines and recent hype associated with Enovis Corp, which may create opportunities for some arbitrage if properly timed. Below are the key fundamental drivers impacting Enovis Corp's stock price prediction:
Quarterly Earnings Growth
1.531
EPS Estimate Next Quarter
0.8589
EPS Estimate Current Year
3.1841
EPS Estimate Next Year
3.4289
Wall Street Target Price
45.4546
Using Enovis Corp hype-based prediction, you can estimate the value of Enovis Corp from the perspective of Enovis Corp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Enovis Corp using Enovis Corp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Enovis using crowd psychology based on the activity and movement of Enovis Corp's stock price.

Enovis Corp Short Interest

An investor who is long Enovis Corp may also wish to track short interest. As short interest increases, investors should be becoming more worried about Enovis Corp and may potentially protect profits, hedge Enovis Corp with its derivative instruments, or be ready for some potential downside.
200 Day MA
31.1812
Short Percent
0.2213
Short Ratio
9.9
Shares Short Prior Month
7.8 M
50 Day MA
28.8088

Enovis Corp Hype to Price Pattern

Investor biases related to Enovis Corp's public news can be used to forecast risks associated with an investment in Enovis. The trend in average sentiment can be used to explain how an investor holding Enovis can time the market purely based on public headlines and social activities around Enovis Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Enovis Corp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Enovis Corp.

Enovis Corp Implied Volatility

    
  0.77  
Enovis Corp's implied volatility exposes the market's sentiment of Enovis Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enovis Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Enovis Corp stock will not fluctuate a lot when Enovis Corp's options are near their expiration.
The Naive Prediction forecasted value of Enovis Corp on the next trading day is expected to be 28.86 with a mean absolute deviation of 0.72 and the sum of the absolute errors of 44.33.

Enovis Corp after-hype prediction price

    
  USD 27.62  
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.
Check out Historical Fundamental Analysis of Enovis Corp to cross-verify your projections.
For more information on how to buy Enovis Stock please use our How to Invest in Enovis Corp guide.At this time, Enovis Corp's Payables Turnover is fairly stable compared to the past year. Fixed Asset Turnover is likely to climb to 5.74 in 2026, whereas Inventory Turnover is likely to drop 1.85 in 2026. . Common Stock Shares Outstanding is likely to drop to about 34.6 M in 2026. Net Loss is likely to drop to about (16.1 M) in 2026.

Open Interest Against 2026-04-17 Enovis Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Enovis Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Enovis Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Enovis Corp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Enovis Corp's open interest, investors have to compare it to Enovis Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Enovis Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Enovis. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.

Enovis Corp Additional Predictive Modules

Most predictive techniques to examine Enovis price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Enovis using various technical indicators. When you analyze Enovis 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.
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Enovis Corp's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2006-12-31
Previous Quarter
44.1 M
Current Value
33.6 M
Quarterly Volatility
189.7 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Enovis Corp is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Enovis Corp value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Enovis Corp Naive Prediction Price Forecast For the 9th of January

Given 90 days horizon, the Naive Prediction forecasted value of Enovis Corp on the next trading day is expected to be 28.86 with a mean absolute deviation of 0.72, mean absolute percentage error of 0.86, and the sum of the absolute errors of 44.33.
Please note that although there have been many attempts to predict Enovis 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 Enovis Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Enovis Corp Stock Forecast Pattern

Backtest Enovis CorpEnovis Corp Price PredictionBuy or Sell Advice 

Enovis Corp Forecasted Value

In the context of forecasting Enovis Corp'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. Enovis Corp's downside and upside margins for the forecasting period are 25.91 and 31.81, respectively. We have considered Enovis Corp'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
27.69
28.86
Expected Value
31.81
Upside

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 Enovis Corp stock data series using in forecasting. Note that when a statistical model is used to represent Enovis Corp 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 Criteria119.7983
BiasArithmetic mean of the errors None
MADMean absolute deviation0.715
MAPEMean absolute percentage error0.0248
SAESum of the absolute errors44.332
This model is not at all useful as a medium-long range forecasting tool of Enovis Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Enovis Corp. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Enovis Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enovis Corp. 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
24.6727.6230.57
Details
Intrinsic
Valuation
LowRealHigh
24.9232.3535.30
Details
11 Analysts
Consensus
LowTargetHigh
41.3645.4550.45
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.670.770.85
Details

Other Forecasting Options for Enovis Corp

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

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 Risk & Return  Correlation

Enovis Corp 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 Enovis Corp'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 Enovis Corp's current price.

Enovis Corp Market Strength Events

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

Enovis Corp Risk Indicators

The analysis of Enovis Corp'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 Enovis Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enovis 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.

Thematic Opportunities

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Additional Tools for Enovis Stock Analysis

When running Enovis Corp's price analysis, check to measure Enovis Corp'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 Enovis Corp is operating at the current time. Most of Enovis Corp's value examination focuses on studying past and present price action to predict the probability of Enovis Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovis Corp's price. Additionally, you may evaluate how the addition of Enovis Corp to your portfolios can decrease your overall portfolio volatility.