SolarEdge Technologies Stock Forecast - Naive Prediction
| SEDG Stock | USD 10.73 0.14 1.29% |
The Naive Prediction forecasted value of SolarEdge Technologies on the next trading day is expected to be 7.23 with a mean absolute deviation of 1.03 and the sum of the absolute errors of 64.04. SolarEdge Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of SolarEdge Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
SolarEdge |
SolarEdge Technologies 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 SolarEdge Technologies' financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2013-06-30 | Previous Quarter 259.5 M | Current Value 303.9 M | Quarterly Volatility 281.3 M |
SolarEdge Technologies Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of SolarEdge Technologies on the next trading day is expected to be 7.23 with a mean absolute deviation of 1.03, mean absolute percentage error of 1.73, and the sum of the absolute errors of 64.04.Please note that although there have been many attempts to predict SolarEdge 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 SolarEdge Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SolarEdge Technologies Stock Forecast Pattern
| Backtest SolarEdge Technologies | SolarEdge Technologies Price Prediction | Buy or Sell Advice |
SolarEdge Technologies Forecasted Value
In the context of forecasting SolarEdge Technologies' 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. SolarEdge Technologies' downside and upside margins for the forecasting period are 1.08 and 13.37, respectively. We have considered SolarEdge Technologies' 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 SolarEdge Technologies stock data series using in forecasting. Note that when a statistical model is used to represent SolarEdge Technologies 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 | 120.4968 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0328 |
| MAPE | Mean absolute percentage error | 0.0618 |
| SAE | Sum of the absolute errors | 64.0356 |
Predictive Modules for SolarEdge Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SolarEdge Technologies. 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 SolarEdge Technologies' 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 SolarEdge Technologies
For every potential investor in SolarEdge, whether a beginner or expert, SolarEdge Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SolarEdge Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SolarEdge. Basic forecasting techniques help filter out the noise by identifying SolarEdge Technologies' price trends.SolarEdge Technologies 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 SolarEdge Technologies stock to make a market-neutral strategy. Peer analysis of SolarEdge Technologies could also be used in its relative valuation, which is a method of valuing SolarEdge Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SolarEdge Technologies 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 SolarEdge Technologies' 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 SolarEdge Technologies' current price.| Cycle Indicators | ||
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SolarEdge Technologies Market Strength Events
Market strength indicators help investors to evaluate how SolarEdge Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SolarEdge Technologies shares will generate the highest return on investment. By undertsting and applying SolarEdge Technologies stock market strength indicators, traders can identify SolarEdge Technologies entry and exit signals to maximize returns.
| Accumulation Distribution | 202628.0 | |||
| Daily Balance Of Power | (0.20) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 10.89 | |||
| Day Typical Price | 10.84 | |||
| Price Action Indicator | (0.23) | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 36.8 |
SolarEdge Technologies Risk Indicators
The analysis of SolarEdge Technologies' 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 SolarEdge Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting solaredge 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 | 4.82 | |||
| Standard Deviation | 6.44 | |||
| Variance | 41.47 |
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 SolarEdge Technologies is a strong investment it is important to analyze SolarEdge Technologies' 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 SolarEdge Technologies' future performance. For an informed investment choice regarding SolarEdge Stock, refer to the following important reports:Check out Historical Fundamental Analysis of SolarEdge Technologies to cross-verify your projections. For more detail on how to invest in SolarEdge Stock please use our How to Invest in SolarEdge Technologies guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Semiconductors & Semiconductor 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 SolarEdge Technologies. If investors know SolarEdge 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 SolarEdge Technologies 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 6.598 | Earnings Share (29.10) | Revenue Per Share 18.382 | Quarterly Revenue Growth (0.64) | Return On Assets (0.22) |
The market value of SolarEdge Technologies is measured differently than its book value, which is the value of SolarEdge that is recorded on the company's balance sheet. Investors also form their own opinion of SolarEdge Technologies' value that differs from its market value or its book value, called intrinsic value, which is SolarEdge Technologies' 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 SolarEdge Technologies' market value can be influenced by many factors that don't directly affect SolarEdge Technologies' 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 SolarEdge Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if SolarEdge Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SolarEdge Technologies' 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.