EON SE Stock Forecast - Naive Prediction
| EON Stock | 4,970 220.00 4.63% |
EON |
EON SE Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of EON SE on the next trading day is expected to be 5,886 with a mean absolute deviation of 1,115, mean absolute percentage error of 2,266,148, and the sum of the absolute errors of 69,104.Please note that although there have been many attempts to predict EON 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 EON SE's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
EON SE Stock Forecast Pattern
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 EON SE stock data series using in forecasting. Note that when a statistical model is used to represent EON SE 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 | 134.582 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1114.5852 |
| MAPE | Mean absolute percentage error | 7.822 |
| SAE | Sum of the absolute errors | 69104.2804 |
Predictive Modules for EON SE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EON SE. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as EON SE. Your research has to be compared to or analyzed against EON SE's peers to derive any actionable benefits. When done correctly, EON SE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in EON SE.EON SE 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 EON SE stock to make a market-neutral strategy. Peer analysis of EON SE could also be used in its relative valuation, which is a method of valuing EON SE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EON SE Market Strength Events
Market strength indicators help investors to evaluate how EON SE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EON SE shares will generate the highest return on investment. By undertsting and applying EON SE stock market strength indicators, traders can identify EON SE entry and exit signals to maximize returns.
EON SE Risk Indicators
The analysis of EON SE'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 EON SE's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eon 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 | 1258.58 | |||
| Semi Deviation | 17.4 | |||
| Standard Deviation | 2208.57 | |||
| Variance | 4877776.41 | |||
| Downside Variance | 2021.8 | |||
| Semi Variance | 302.93 | |||
| Expected Short fall | (1,344) |
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.