Enegex NL Stock Forecast - 4 Period Moving Average
| ENX Stock | 0.01 0.00 0.00% |
The 4 Period Moving Average forecasted value of Enegex NL on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.0006 and the sum of the absolute errors of 0.03. Enegex Stock Forecast is based on your current time horizon.
Enegex |
Enegex NL 4 Period Moving Average Price Forecast For the 10th of December
Given 90 days horizon, the 4 Period Moving Average forecasted value of Enegex NL on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.0006, mean absolute percentage error of 0.00000138, and the sum of the absolute errors of 0.03.Please note that although there have been many attempts to predict Enegex 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 Enegex NL's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Enegex NL Stock Forecast Pattern
| Backtest Enegex NL | Enegex NL Price Prediction | Buy or Sell Advice |
Enegex NL Forecasted Value
In the context of forecasting Enegex NL'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. Enegex NL's downside and upside margins for the forecasting period are 0.0001 and 5.13, respectively. We have considered Enegex NL'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Enegex NL stock data series using in forecasting. Note that when a statistical model is used to represent Enegex NL 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 | 97.2635 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 6.0E-4 |
| MAPE | Mean absolute percentage error | 0.0353 |
| SAE | Sum of the absolute errors | 0.0345 |
Predictive Modules for Enegex NL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enegex NL. 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 Enegex NL
For every potential investor in Enegex, whether a beginner or expert, Enegex NL's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enegex Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enegex. Basic forecasting techniques help filter out the noise by identifying Enegex NL's price trends.Enegex NL 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 Enegex NL stock to make a market-neutral strategy. Peer analysis of Enegex NL could also be used in its relative valuation, which is a method of valuing Enegex NL by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enegex NL 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 Enegex NL'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 Enegex NL's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Enegex NL Market Strength Events
Market strength indicators help investors to evaluate how Enegex NL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enegex NL shares will generate the highest return on investment. By undertsting and applying Enegex NL stock market strength indicators, traders can identify Enegex NL entry and exit signals to maximize returns.
Enegex NL Risk Indicators
The analysis of Enegex NL'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 Enegex NL's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enegex 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 | 1.6 | |||
| Semi Deviation | 2.64 | |||
| Standard Deviation | 5.08 | |||
| Variance | 25.79 | |||
| Downside Variance | 86.3 | |||
| Semi Variance | 6.96 | |||
| Expected Short fall | (13.35) |
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
Explore Investment Opportunities
Additional Tools for Enegex Stock Analysis
When running Enegex NL's price analysis, check to measure Enegex NL'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 Enegex NL is operating at the current time. Most of Enegex NL's value examination focuses on studying past and present price action to predict the probability of Enegex NL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enegex NL's price. Additionally, you may evaluate how the addition of Enegex NL to your portfolios can decrease your overall portfolio volatility.