NRG Energy Stock Forecast - Naive Prediction
| NRG Stock | USD 96.89 2.37 2.51% |
The Naive Prediction forecasted value of NRG Energy on the next trading day is expected to be 92.37 with a mean absolute deviation of 1.56 and the sum of the absolute errors of 95.40. NRG Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of NRG Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
NRG |
NRG Energy 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 NRG Energy's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1999-12-31 | Previous Quarter 392 M | Current Value 12 M | Quarterly Volatility 838.2 M |
NRG Energy Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of NRG Energy on the next trading day is expected to be 92.37 with a mean absolute deviation of 1.56, mean absolute percentage error of 3.79, and the sum of the absolute errors of 95.40.Please note that although there have been many attempts to predict NRG 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 NRG Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NRG Energy Stock Forecast Pattern
| Backtest NRG Energy | NRG Energy Price Prediction | Buy or Sell Advice |
NRG Energy Forecasted Value
In the context of forecasting NRG 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. NRG Energy's downside and upside margins for the forecasting period are 90.13 and 94.61, respectively. We have considered NRG 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 NRG Energy stock data series using in forecasting. Note that when a statistical model is used to represent NRG 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 | 119.4428 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.564 |
| MAPE | Mean absolute percentage error | 0.0175 |
| SAE | Sum of the absolute errors | 95.4029 |
Predictive Modules for NRG 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 NRG Energy. 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 NRG Energy
For every potential investor in NRG, whether a beginner or expert, NRG Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NRG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NRG. Basic forecasting techniques help filter out the noise by identifying NRG Energy's price trends.NRG Energy 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 NRG Energy stock to make a market-neutral strategy. Peer analysis of NRG Energy could also be used in its relative valuation, which is a method of valuing NRG Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NRG Energy 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 NRG 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 NRG Energy's current price.| Cycle Indicators | ||
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NRG Energy Market Strength Events
Market strength indicators help investors to evaluate how NRG 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 NRG Energy shares will generate the highest return on investment. By undertsting and applying NRG Energy stock market strength indicators, traders can identify NRG Energy entry and exit signals to maximize returns.
NRG Energy Risk Indicators
The analysis of NRG 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 NRG Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nrg 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 | 1.62 | |||
| Semi Deviation | 2.19 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.92 | |||
| Downside Variance | 5.6 | |||
| Semi Variance | 4.78 | |||
| Expected Short fall | (1.74) |
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
When determining whether NRG Energy is a strong investment it is important to analyze NRG Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NRG Energy's future performance. For an informed investment choice regarding NRG Stock, refer to the following important reports:Check out Historical Fundamental Analysis of NRG Energy to cross-verify your projections. For more detail on how to invest in NRG Stock please use our How to Invest in NRG Energy guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Independent Power and Renewable Electricity Producers 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 NRG Energy. If investors know NRG 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 NRG Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.696 | Dividend Share 1.63 | Earnings Share 4.04 | Revenue Per Share 133.419 | Quarterly Revenue Growth (0.09) |
The market value of NRG Energy is measured differently than its book value, which is the value of NRG that is recorded on the company's balance sheet. Investors also form their own opinion of NRG Energy's value that differs from its market value or its book value, called intrinsic value, which is NRG Energy'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 NRG Energy's market value can be influenced by many factors that don't directly affect NRG Energy'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 NRG Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NRG Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NRG Energy'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.