Eco Animal Stock Forecast - Naive Prediction
| EAH Stock | 72.00 0.50 0.70% |
The Naive Prediction forecasted value of Eco Animal Health on the next trading day is expected to be 76.24 with a mean absolute deviation of 3.78 and the sum of the absolute errors of 234.27. Eco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eco Animal stock prices and determine the direction of Eco Animal Health's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eco Animal's historical fundamentals, such as revenue growth or operating cash flow patterns.
Eco |
Eco Animal Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Eco Animal Health on the next trading day is expected to be 76.24 with a mean absolute deviation of 3.78, mean absolute percentage error of 22.21, and the sum of the absolute errors of 234.27.Please note that although there have been many attempts to predict Eco 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 Eco Animal's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eco Animal Stock Forecast Pattern
| Backtest Eco Animal | Eco Animal Price Prediction | Buy or Sell Advice |
Eco Animal Forecasted Value
In the context of forecasting Eco Animal'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. Eco Animal's downside and upside margins for the forecasting period are 72.24 and 80.23, respectively. We have considered Eco Animal'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 Eco Animal stock data series using in forecasting. Note that when a statistical model is used to represent Eco Animal 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 | 123.0489 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.7786 |
| MAPE | Mean absolute percentage error | 0.0463 |
| SAE | Sum of the absolute errors | 234.2733 |
Predictive Modules for Eco Animal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eco Animal Health. 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 Eco Animal
For every potential investor in Eco, whether a beginner or expert, Eco Animal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eco. Basic forecasting techniques help filter out the noise by identifying Eco Animal's price trends.Eco Animal 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 Eco Animal stock to make a market-neutral strategy. Peer analysis of Eco Animal could also be used in its relative valuation, which is a method of valuing Eco Animal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eco Animal Health 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 Eco Animal'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 Eco Animal's current price.| Cycle Indicators | ||
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| Volume Indicators |
Eco Animal Market Strength Events
Market strength indicators help investors to evaluate how Eco Animal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eco Animal shares will generate the highest return on investment. By undertsting and applying Eco Animal stock market strength indicators, traders can identify Eco Animal Health entry and exit signals to maximize returns.
Eco Animal Risk Indicators
The analysis of Eco Animal'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 Eco Animal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eco 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 | 2.37 | |||
| Standard Deviation | 3.98 | |||
| Variance | 15.85 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Eco Stock
Eco Animal financial ratios help investors to determine whether Eco Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eco with respect to the benefits of owning Eco Animal security.