National Energy Stock Forecast - Naive Prediction
| NESR Stock | USD 8.80 0.31 3.65% |
The Naive Prediction forecasted value of National Energy Services on the next trading day is expected to be 8.54 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.07. National Stock Forecast is based on your current time horizon. Although National Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of National Energy's systematic risk associated with finding meaningful patterns of National Energy fundamentals over time.
National |
National Energy Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the National Energy's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2016-12-31 | Previous Quarter 205.8 M | Current Value 75 M | Quarterly Volatility 48 M |
National Energy Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of National Energy Services on the next trading day is expected to be 8.54 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.07.Please note that although there have been many attempts to predict National 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 National Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
National Energy Stock Forecast Pattern
| Backtest National Energy | National Energy Price Prediction | Buy or Sell Advice |
National Energy Forecasted Value
In the context of forecasting National Energy'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. National Energy's downside and upside margins for the forecasting period are 5.59 and 11.48, respectively. We have considered National Energy'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 National Energy stock data series using in forecasting. Note that when a statistical model is used to represent National Energy 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 | 115.2391 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1815 |
| MAPE | Mean absolute percentage error | 0.02 |
| SAE | Sum of the absolute errors | 11.0715 |
Predictive Modules for National Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as National Energy Services. 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 National Energy'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 National Energy
For every potential investor in National, whether a beginner or expert, National Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. National Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in National. Basic forecasting techniques help filter out the noise by identifying National Energy's price trends.View National Energy Related Equities
| Risk & Return | Correlation |
National Energy Services 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 National Energy'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 National Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
National Energy Market Strength Events
Market strength indicators help investors to evaluate how National Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading National Energy shares will generate the highest return on investment. By undertsting and applying National Energy stock market strength indicators, traders can identify National Energy Services entry and exit signals to maximize returns.
| Accumulation Distribution | 16463.53 | |||
| Daily Balance Of Power | 0.5167 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 8.7 | |||
| Day Typical Price | 8.73 | |||
| Price Action Indicator | 0.26 | |||
| Period Momentum Indicator | 0.31 |
National Energy Risk Indicators
The analysis of National Energy'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 National Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting national 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 | 2.18 | |||
| Semi Deviation | 2.36 | |||
| Standard Deviation | 3.08 | |||
| Variance | 9.47 | |||
| Downside Variance | 7.98 | |||
| Semi Variance | 5.56 | |||
| Expected Short fall | (3.48) |
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.
Pair Trading with National Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if National Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in National Energy will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
| 0.63 | TTI | Tetra Technologies | PairCorr |
| 0.6 | EFXT | Enerflex | PairCorr |
| 0.57 | TS | Tenaris SA ADR | PairCorr |
| 0.57 | KGS | Kodiak Gas Services, | PairCorr |
| 0.56 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back National Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling National Energy Services to buy it.
The correlation of National Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for National Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for National Stock Analysis
When running National Energy's price analysis, check to measure National Energy'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 National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.