Energix Renewable Stock Forecast - Simple Moving Average
| ENRG Stock | ILA 1,143 9.00 0.78% |
The Simple Moving Average forecasted value of Energix Renewable Energies on the next trading day is expected to be 1,143 with a mean absolute deviation of 23.42 and the sum of the absolute errors of 1,382. Energix Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Energix Renewable stock prices and determine the direction of Energix Renewable Energies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Energix Renewable's historical fundamentals, such as revenue growth or operating cash flow patterns.
Energix |
Energix Renewable Simple Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Energix Renewable Energies on the next trading day is expected to be 1,143 with a mean absolute deviation of 23.42, mean absolute percentage error of 949.46, and the sum of the absolute errors of 1,382.Please note that although there have been many attempts to predict Energix 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 Energix Renewable's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Energix Renewable Stock Forecast Pattern
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Energix Renewable Forecasted Value
In the context of forecasting Energix 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. Energix Renewable's downside and upside margins for the forecasting period are 1,141 and 1,145, respectively. We have considered Energix 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Energix Renewable stock data series using in forecasting. Note that when a statistical model is used to represent Energix 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.| AIC | Akaike Information Criteria | 121.2906 |
| Bias | Arithmetic mean of the errors | 3.3086 |
| MAD | Mean absolute deviation | 23.4201 |
| MAPE | Mean absolute percentage error | 0.0182 |
| SAE | Sum of the absolute errors | 1381.785 |
Predictive Modules for Energix 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 Energix Renewable. 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.Other Forecasting Options for Energix Renewable
For every potential investor in Energix, whether a beginner or expert, Energix Renewable's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Energix Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Energix. Basic forecasting techniques help filter out the noise by identifying Energix Renewable's price trends.Energix 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 Energix Renewable stock to make a market-neutral strategy. Peer analysis of Energix Renewable could also be used in its relative valuation, which is a method of valuing Energix Renewable by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Energix Renewable 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 Energix 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 Energix Renewable's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Energix Renewable Market Strength Events
Market strength indicators help investors to evaluate how Energix 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 Energix Renewable shares will generate the highest return on investment. By undertsting and applying Energix Renewable stock market strength indicators, traders can identify Energix Renewable Energies entry and exit signals to maximize returns.
Energix Renewable Risk Indicators
The analysis of Energix 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 Energix Renewable's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting energix 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 | 1.61 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.73 |
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.Other Information on Investing in Energix Stock
Energix Renewable financial ratios help investors to determine whether Energix Stock 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 Energix with respect to the benefits of owning Energix Renewable security.