Endymed Stock Forecast - Naive Prediction
| ENDY Stock | 325.00 0.00 0.00% |
The Naive Prediction forecasted value of Endymed on the next trading day is expected to be 327.29 with a mean absolute deviation of 8.54 and the sum of the absolute errors of 521.24. Endymed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Endymed stock prices and determine the direction of Endymed's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Endymed's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Endymed |
Most investors in Endymed 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 Endymed's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Endymed's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Endymed is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Endymed 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. Endymed Naive Prediction Price Forecast For the 2nd of May
Given 90 days horizon, the Naive Prediction forecasted value of Endymed on the next trading day is expected to be 327.29 with a mean absolute deviation of 8.54, mean absolute percentage error of 107.71, and the sum of the absolute errors of 521.24.Please note that although there have been many attempts to predict Endymed 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 Endymed's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Endymed Stock Forecast Pattern
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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 Endymed stock data series using in forecasting. Note that when a statistical model is used to represent Endymed 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 | 122.79 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 8.5449 |
| MAPE | Mean absolute percentage error | 0.0267 |
| SAE | Sum of the absolute errors | 521.2375 |
Predictive Modules for Endymed
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Endymed. 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 Endymed'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.
Endymed 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 Endymed stock to make a market-neutral strategy. Peer analysis of Endymed could also be used in its relative valuation, which is a method of valuing Endymed by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Endymed Market Strength Events
Market strength indicators help investors to evaluate how Endymed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Endymed shares will generate the highest return on investment. By undertsting and applying Endymed stock market strength indicators, traders can identify Endymed entry and exit signals to maximize returns.
Endymed Risk Indicators
The analysis of Endymed'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 Endymed's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting endymed 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 | 2.12 | |||
| Semi Deviation | 2.78 | |||
| Standard Deviation | 3.44 | |||
| Variance | 11.83 | |||
| Downside Variance | 13.34 | |||
| Semi Variance | 7.73 | |||
| Expected Short fall | (2.96) |
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 Endymed
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 Endymed 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 Endymed will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Endymed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endymed 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 Endymed - 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 Endymed to buy it.
The correlation of Endymed 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 Endymed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endymed 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 Endymed 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Endymed Stock analysis
When running Endymed's price analysis, check to measure Endymed'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 Endymed is operating at the current time. Most of Endymed's value examination focuses on studying past and present price action to predict the probability of Endymed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endymed's price. Additionally, you may evaluate how the addition of Endymed to your portfolios can decrease your overall portfolio volatility.
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