Okeanis Eco Stock Forecast - Simple Regression
| OET Stock | NOK 253.00 1.00 0.39% |
The Simple Regression forecasted value of Okeanis Eco Tankers on the next trading day is expected to be 266.26 with a mean absolute deviation of 20.57 and the sum of the absolute errors of 1,275. Okeanis Stock Forecast is based on your current time horizon.
Okeanis |
Okeanis Eco Simple Regression Price Forecast For the 28th of November
Given 90 days horizon, the Simple Regression forecasted value of Okeanis Eco Tankers on the next trading day is expected to be 266.26 with a mean absolute deviation of 20.57, mean absolute percentage error of 628.40, and the sum of the absolute errors of 1,275.Please note that although there have been many attempts to predict Okeanis 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 Okeanis Eco's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Okeanis Eco Stock Forecast Pattern
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Okeanis Eco Forecasted Value
In the context of forecasting Okeanis Eco'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. Okeanis Eco's downside and upside margins for the forecasting period are 263.84 and 268.69, respectively. We have considered Okeanis Eco'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Okeanis Eco stock data series using in forecasting. Note that when a statistical model is used to represent Okeanis Eco 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 | 126.3916 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 20.5691 |
| MAPE | Mean absolute percentage error | 0.0652 |
| SAE | Sum of the absolute errors | 1275.2833 |
Predictive Modules for Okeanis Eco
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Okeanis Eco Tankers. 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 Okeanis Eco
For every potential investor in Okeanis, whether a beginner or expert, Okeanis Eco's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Okeanis Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Okeanis. Basic forecasting techniques help filter out the noise by identifying Okeanis Eco's price trends.Okeanis Eco 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 Okeanis Eco stock to make a market-neutral strategy. Peer analysis of Okeanis Eco could also be used in its relative valuation, which is a method of valuing Okeanis Eco by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Okeanis Eco Tankers 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 Okeanis Eco'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 Okeanis Eco's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Okeanis Eco Market Strength Events
Market strength indicators help investors to evaluate how Okeanis Eco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Okeanis Eco shares will generate the highest return on investment. By undertsting and applying Okeanis Eco stock market strength indicators, traders can identify Okeanis Eco Tankers entry and exit signals to maximize returns.
| Accumulation Distribution | 1110.43 | |||
| Daily Balance Of Power | (0.22) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 253.25 | |||
| Day Typical Price | 253.17 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (0.75) | |||
| Period Momentum Indicator | (1.00) |
Okeanis Eco Risk Indicators
The analysis of Okeanis Eco'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 Okeanis Eco's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting okeanis 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 | 1.83 | |||
| Standard Deviation | 2.4 | |||
| Variance | 5.77 |
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.
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When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:Check out Historical Fundamental Analysis of Okeanis Eco to cross-verify your projections. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.