ESS Tech Stock Forecast - Naive Prediction
| GWH Stock | USD 5.51 0.01 0.18% |
The Naive Prediction forecasted value of ESS Tech on the next trading day is expected to be 5.81 with a mean absolute deviation of 0.50 and the sum of the absolute errors of 30.36. ESS Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of ESS Tech's historical fundamentals, such as revenue growth or operating cash flow patterns.
ESS |
Open Interest Against 2025-03-21 ESS Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ESS Tech'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 ESS Tech's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ESS Tech 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 ESS Tech's open interest, investors have to compare it to ESS Tech'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 ESS Tech 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 ESS. 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.
ESS Tech Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the ESS Tech's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2010-12-31 | Previous Quarter 23.2 M | Current Value 22 M | Quarterly Volatility 55.2 M |
ESS Tech Naive Prediction Price Forecast For the 3rd of February
Given 90 days horizon, the Naive Prediction forecasted value of ESS Tech on the next trading day is expected to be 5.81 with a mean absolute deviation of 0.50, mean absolute percentage error of 0.49, and the sum of the absolute errors of 30.36.Please note that although there have been many attempts to predict ESS 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 ESS Tech's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ESS Tech Stock Forecast Pattern
| Backtest ESS Tech | ESS Tech Price Prediction | Buy or Sell Advice |
ESS Tech Forecasted Value
In the context of forecasting ESS Tech'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. ESS Tech's downside and upside margins for the forecasting period are 0.06 and 13.05, respectively. We have considered ESS Tech'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of ESS Tech stock data series using in forecasting. Note that when a statistical model is used to represent ESS Tech 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 | 117.3882 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4977 |
| MAPE | Mean absolute percentage error | 0.0839 |
| SAE | Sum of the absolute errors | 30.3606 |
Predictive Modules for ESS Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ESS Tech. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESS Tech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for ESS Tech
For every potential investor in ESS, whether a beginner or expert, ESS Tech's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ESS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ESS. Basic forecasting techniques help filter out the noise by identifying ESS Tech's price trends.ESS Tech 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 ESS Tech stock to make a market-neutral strategy. Peer analysis of ESS Tech could also be used in its relative valuation, which is a method of valuing ESS Tech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ESS Tech 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 ESS Tech'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 ESS Tech's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ESS Tech Market Strength Events
Market strength indicators help investors to evaluate how ESS Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ESS Tech shares will generate the highest return on investment. By undertsting and applying ESS Tech stock market strength indicators, traders can identify ESS Tech entry and exit signals to maximize returns.
ESS Tech Risk Indicators
The analysis of ESS Tech'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 ESS Tech's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ess 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 | 4.86 | |||
| Standard Deviation | 7.01 | |||
| Variance | 49.11 |
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.
Currently Active Assets on Macroaxis
| EBR | Centrais Electricas Brasileiras | |
| HE | Hawaiian Electric Industries | |
| VFC | VF Corporation | |
| BVHMF | Vistry Group PLC | |
| S | SentinelOne |
Check out Historical Fundamental Analysis of ESS Tech to cross-verify your projections. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESS Tech. If investors know ESS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESS Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.62) | Revenue Per Share | Quarterly Revenue Growth (0.88) | Return On Assets | Return On Equity |
The market value of ESS Tech is measured differently than its book value, which is the value of ESS that is recorded on the company's balance sheet. Investors also form their own opinion of ESS Tech's value that differs from its market value or its book value, called intrinsic value, which is ESS Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESS Tech's market value can be influenced by many factors that don't directly affect ESS Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESS Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESS Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESS Tech'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.