Edify Acquisition Stock Forecast - Naive Prediction

EACPU -  USA Stock  

USD 9.94  0.01  0.10%

Edify Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Edify Acquisition historical stock prices and determine the direction of Edify Acquisition Corp's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Edify Acquisition historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Investing Opportunities.

Search Stock Forecast 

 
Refresh
Most investors in Edify Acquisition 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 Edify Acquisition's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Edify Acquisition's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Edify Acquisition is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Edify Acquisition Corp 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.

Edify Acquisition Naive Prediction Price Forecast For the 29th of September

Given 90 days horizon, the Naive Prediction forecasted value of Edify Acquisition Corp on the next trading day is expected to be 9.97 with a mean absolute deviation of 0.02338, mean absolute percentage error of 0.0007949, and the sum of the absolute errors of 1.43. Please note that although there have been many attempts to predict Edify 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 Edify Acquisition's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Edify Acquisition Stock Forecast Pattern

Backtest Edify AcquisitionEdify Acquisition Price PredictionBuy or Sell Advice 

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 Edify Acquisition stock data series using in forecasting. Note that when a statistical model is used to represent Edify Acquisition 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.
AICAkaike Information Criteria110.9732
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0234
MAPEMean absolute percentage error0.0024
SAESum of the absolute errors1.4262
This model is not at all useful as a medium-long range forecasting tool of Edify Acquisition Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Edify Acquisition. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Edify Acquisition

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Edify Acquisition Corp. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Edify Acquisition'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. Please use the tools below to analyze the current value of Edify Acquisition in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.699.9410.19
Details
Intrinsic
Valuation
LowReal ValueHigh
9.709.9510.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.819.9310.05
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Edify Acquisition. Your research has to be compared to or analyzed against Edify Acquisition's peers to derive any actionable benefits. When done correctly, Edify Acquisition's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Edify Acquisition Corp.

View Currently 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 Edify Acquisition stock to make a market-neutral strategy. Peer analysis of Edify Acquisition could also be used in its relative valuation, which is a method of valuing Edify Acquisition by comparing valuation metrics with similar companies.

Edify Acquisition Risk Indicators

The analysis of Edify Acquisition's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Edify Acquisition's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Edify Acquisition stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Edify Acquisition without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Center Now

   

Portfolio Center

All portfolio management and optimization tools to improve performance of your portfolios
All  Next Launch Module

Pair Trading with Edify Acquisition

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 Edify Acquisition 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 Edify Acquisition will appreciate offsetting losses from the drop in the long position's value.

Edify Acquisition Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Edify Acquisition and Marlin Technology Corp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Investing Opportunities. Note that the Edify Acquisition Corp information on this page should be used as a complementary analysis to other Edify Acquisition'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Edify Stock analysis

When running Edify Acquisition Corp price analysis, check to measure Edify Acquisition'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 Edify Acquisition is operating at the current time. Most of Edify Acquisition's value examination focuses on studying past and present price action to predict the probability of Edify Acquisition's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Edify Acquisition's price. Additionally, you may evaluate how the addition of Edify Acquisition to your portfolios can decrease your overall portfolio volatility.
CEO Directory
Screen CEOs from public companies around the world
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
The market value of Edify Acquisition Corp is measured differently than its book value, which is the value of Edify that is recorded on the company's balance sheet. Investors also form their own opinion of Edify Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Edify Acquisition'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 Edify Acquisition's market value can be influenced by many factors that don't directly affect Edify Acquisition Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Edify Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine Edify Acquisition value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edify Acquisition'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.