EuroDry Stock Forecast - Naive Prediction
| EDRY Stock | USD 12.81 0.02 0.16% |
The Naive Prediction forecasted value of EuroDry on the next trading day is expected to be 12.86 with a mean absolute deviation of 0.20 and the sum of the absolute errors of 12.10. EuroDry Stock Forecast is based on your current time horizon.
At this time the value of relative strength index of EuroDry's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 16
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth (0.94) | EPS Estimate Next Quarter 0.46 | EPS Estimate Current Year (2.37) | EPS Estimate Next Year 2.495 | Wall Street Target Price 22.5 |
Using EuroDry hype-based prediction, you can estimate the value of EuroDry from the perspective of EuroDry response to recently generated media hype and the effects of current headlines on its competitors.
EuroDry Hype to Price Pattern
Investor biases related to EuroDry's public news can be used to forecast risks associated with an investment in EuroDry. The trend in average sentiment can be used to explain how an investor holding EuroDry can time the market purely based on public headlines and social activities around EuroDry. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of EuroDry's market sentiment to its price can help taders to make decisions based on the overall investors consensus about EuroDry.
The Naive Prediction forecasted value of EuroDry on the next trading day is expected to be 12.86 with a mean absolute deviation of 0.20 and the sum of the absolute errors of 12.10. EuroDry after-hype prediction price | USD 12.81 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of EuroDry to cross-verify your projections. EuroDry Additional Predictive Modules
Most predictive techniques to examine EuroDry price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for EuroDry using various technical indicators. When you analyze EuroDry charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the EuroDry's financial statements to predict how it will affect future prices.
Cash | First Reported 2016-12-31 | Previous Quarter 6.2 M | Current Value 8.7 M | Quarterly Volatility 10.7 M |
EuroDry Naive Prediction Price Forecast For the 7th of January
Given 90 days horizon, the Naive Prediction forecasted value of EuroDry on the next trading day is expected to be 12.86 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.06, and the sum of the absolute errors of 12.10.Please note that although there have been many attempts to predict EuroDry 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 EuroDry's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
EuroDry Stock Forecast Pattern
| Backtest EuroDry | EuroDry Price Prediction | Buy or Sell Advice |
EuroDry Forecasted Value
In the context of forecasting EuroDry'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. EuroDry's downside and upside margins for the forecasting period are 10.50 and 15.21, respectively. We have considered EuroDry'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 EuroDry stock data series using in forecasting. Note that when a statistical model is used to represent EuroDry 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 | 115.3383 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1984 |
| MAPE | Mean absolute percentage error | 0.0154 |
| SAE | Sum of the absolute errors | 12.1034 |
Predictive Modules for EuroDry
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EuroDry. 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 EuroDry
For every potential investor in EuroDry, whether a beginner or expert, EuroDry's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EuroDry Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EuroDry. Basic forecasting techniques help filter out the noise by identifying EuroDry's price trends.EuroDry 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 EuroDry stock to make a market-neutral strategy. Peer analysis of EuroDry could also be used in its relative valuation, which is a method of valuing EuroDry by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EuroDry 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 EuroDry'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 EuroDry's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
EuroDry Market Strength Events
Market strength indicators help investors to evaluate how EuroDry stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EuroDry shares will generate the highest return on investment. By undertsting and applying EuroDry stock market strength indicators, traders can identify EuroDry entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 12.81 | |||
| Day Typical Price | 12.81 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.02) | |||
| Relative Strength Index | 16.5 |
EuroDry Risk Indicators
The analysis of EuroDry'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 EuroDry's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eurodry 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 | 1.75 | |||
| Semi Deviation | 1.99 | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.29 | |||
| Downside Variance | 4.12 | |||
| Semi Variance | 3.94 | |||
| Expected Short fall | (1.92) |
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.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Additional Tools for EuroDry Stock Analysis
When running EuroDry's price analysis, check to measure EuroDry'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 EuroDry is operating at the current time. Most of EuroDry's value examination focuses on studying past and present price action to predict the probability of EuroDry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EuroDry's price. Additionally, you may evaluate how the addition of EuroDry to your portfolios can decrease your overall portfolio volatility.