Enel Generacion Stock Forecast - Naive Prediction
| CECO2 Stock | ARS 387.00 2.00 0.52% |
The Naive Prediction forecasted value of Enel Generacion Costanera on the next trading day is expected to be 414.88 with a mean absolute deviation of 12.14 and the sum of the absolute errors of 752.91. Enel Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Enel Generacion stock prices and determine the direction of Enel Generacion Costanera's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Enel Generacion's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Enel Generacion to cross-verify your projections. Enel |
Most investors in Enel Generacion cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Enel Generacion's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Enel Generacion's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Enel Generacion is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Enel Generacion Costanera value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. Enel Generacion Naive Prediction Price Forecast For the 12th of May 2024
Given 90 days horizon, the Naive Prediction forecasted value of Enel Generacion Costanera on the next trading day is expected to be 414.88 with a mean absolute deviation of 12.14, mean absolute percentage error of 207.44, and the sum of the absolute errors of 752.91.Please note that although there have been many attempts to predict Enel 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 Enel Generacion's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Enel Generacion Stock Forecast Pattern
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Enel Generacion Forecasted Value
In the context of forecasting Enel Generacion'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. Enel Generacion's downside and upside margins for the forecasting period are 410.72 and 419.05, respectively. We have considered Enel Generacion'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 Enel Generacion stock data series using in forecasting. Note that when a statistical model is used to represent Enel Generacion 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 | 125.2832 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 12.1437 |
| MAPE | Mean absolute percentage error | 0.0322 |
| SAE | Sum of the absolute errors | 752.908 |
Predictive Modules for Enel Generacion
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enel Generacion Costanera. 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 Enel Generacion'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 Enel Generacion
For every potential investor in Enel, whether a beginner or expert, Enel Generacion's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enel. Basic forecasting techniques help filter out the noise by identifying Enel Generacion's price trends.Enel Generacion 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 Enel Generacion stock to make a market-neutral strategy. Peer analysis of Enel Generacion could also be used in its relative valuation, which is a method of valuing Enel Generacion by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enel Generacion Costanera 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 Enel Generacion'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 Enel Generacion's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Enel Generacion Market Strength Events
Market strength indicators help investors to evaluate how Enel Generacion stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enel Generacion shares will generate the highest return on investment. By undertsting and applying Enel Generacion stock market strength indicators, traders can identify Enel Generacion Costanera entry and exit signals to maximize returns.
Enel Generacion Risk Indicators
The analysis of Enel Generacion'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 Enel Generacion's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enel 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 | 3.09 | |||
| Standard Deviation | 4.03 | |||
| Variance | 16.22 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enel Generacion in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enel Generacion's short interest history, or implied volatility extrapolated from Enel Generacion options trading.
Pair Trading with Enel Generacion
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 Enel Generacion 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 Enel Generacion will appreciate offsetting losses from the drop in the long position's value.Moving together with Enel Stock
| 0.77 | EDN | Empresa Distribuidora | PairCorr |
The ability to find closely correlated positions to Enel Generacion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enel Generacion 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 Enel Generacion - 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 Enel Generacion Costanera to buy it.
The correlation of Enel Generacion 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 Enel Generacion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enel Generacion Costanera 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 Enel Generacion 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 Enel Generacion to cross-verify your projections. Note that the Enel Generacion Costanera information on this page should be used as a complementary analysis to other Enel Generacion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Enel Stock analysis
When running Enel Generacion's price analysis, check to measure Enel Generacion'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 Enel Generacion is operating at the current time. Most of Enel Generacion's value examination focuses on studying past and present price action to predict the probability of Enel Generacion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enel Generacion's price. Additionally, you may evaluate how the addition of Enel Generacion to your portfolios can decrease your overall portfolio volatility.
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