E2open Parent Stock Forecast - Naive Prediction
| ETWO Stock | USD 3.04 0.03 0.98% |
The Naive Prediction forecasted value of E2open Parent Holdings on the next trading day is expected to be 2.83 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.69. E2open Stock Forecast is based on your current time horizon. Although E2open Parent's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of E2open Parent's systematic risk associated with finding meaningful patterns of E2open Parent fundamentals over time.
E2open |
Open Interest Against 2024-12-20 E2open Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast E2open Parent's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in E2open Parent's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for E2open Parent stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current E2open Parent's open interest, investors have to compare it to E2open Parent's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of E2open Parent is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in E2open. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
E2open Parent Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the E2open Parent's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2010-12-31 | Previous Quarter 134.5 M | Current Value 131.4 M | Quarterly Volatility 32.6 M |
E2open Parent Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of E2open Parent Holdings on the next trading day is expected to be 2.83 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.69.Please note that although there have been many attempts to predict E2open 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 E2open Parent's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
E2open Parent Stock Forecast Pattern
| Backtest E2open Parent | E2open Parent Price Prediction | Buy or Sell Advice |
E2open Parent Forecasted Value
In the context of forecasting E2open Parent'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. E2open Parent's downside and upside margins for the forecasting period are 0.03 and 6.46, respectively. We have considered E2open Parent'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 E2open Parent stock data series using in forecasting. Note that when a statistical model is used to represent E2open Parent 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 | 114.4935 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.126 |
| MAPE | Mean absolute percentage error | 0.0363 |
| SAE | Sum of the absolute errors | 7.6877 |
Predictive Modules for E2open Parent
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as E2open Parent Holdings. 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 E2open Parent's 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 E2open Parent
For every potential investor in E2open, whether a beginner or expert, E2open Parent's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. E2open Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in E2open. Basic forecasting techniques help filter out the noise by identifying E2open Parent's price trends.E2open Parent 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 E2open Parent stock to make a market-neutral strategy. Peer analysis of E2open Parent could also be used in its relative valuation, which is a method of valuing E2open Parent by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
E2open Parent Holdings 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 E2open Parent'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 E2open Parent's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
E2open Parent Market Strength Events
Market strength indicators help investors to evaluate how E2open Parent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading E2open Parent shares will generate the highest return on investment. By undertsting and applying E2open Parent stock market strength indicators, traders can identify E2open Parent Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 14609.36 | |||
| Daily Balance Of Power | (0.33) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 3.09 | |||
| Day Typical Price | 3.07 | |||
| Price Action Indicator | (0.06) | |||
| Period Momentum Indicator | (0.03) |
E2open Parent Risk Indicators
The analysis of E2open Parent'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 E2open Parent's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting e2open 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 | 2.31 | |||
| Standard Deviation | 3.68 | |||
| Variance | 13.52 |
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.
Pair Trading with E2open Parent
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if E2open Parent position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in E2open Parent will appreciate offsetting losses from the drop in the long position's value.Moving against E2open Stock
| 0.89 | DUOT | Duos Technologies | PairCorr |
| 0.86 | DOCU | DocuSign Earnings Call This Week | PairCorr |
| 0.83 | BL | Blackline | PairCorr |
| 0.75 | DSGX | Descartes Systems Earnings Call This Week | PairCorr |
| 0.75 | DUOL | Duolingo | PairCorr |
The ability to find closely correlated positions to E2open Parent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E2open Parent when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back E2open Parent - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling E2open Parent Holdings to buy it.
The correlation of E2open Parent is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as E2open Parent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E2open Parent Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for E2open Parent can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of E2open Parent to cross-verify your projections. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Application Software 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 E2open Parent. If investors know E2open 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 E2open Parent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.55) | Revenue Per Share 1.674 | Quarterly Revenue Growth (0.04) | Return On Assets (0) | Return On Equity (0.26) |
The market value of E2open Parent Holdings is measured differently than its book value, which is the value of E2open that is recorded on the company's balance sheet. Investors also form their own opinion of E2open Parent's value that differs from its market value or its book value, called intrinsic value, which is E2open Parent'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 E2open Parent's market value can be influenced by many factors that don't directly affect E2open Parent'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 E2open Parent's value and its price as these two are different measures arrived at by different means. Investors typically determine if E2open Parent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, E2open Parent'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.