Eastside Distilling Stock Forecast - 4 Period Moving Average
| EAST Stock | USD 1.05 0.03 2.78% |
The 4 Period Moving Average forecasted value of Eastside Distilling on the next trading day is expected to be 1.03 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 3.92. Eastside Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eastside Distilling stock prices and determine the direction of Eastside Distilling's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eastside Distilling's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Eastside Distilling to cross-verify your projections. Eastside |
Most investors in Eastside Distilling 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 Eastside Distilling's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eastside Distilling's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for Eastside Distilling is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility. Eastside Distilling 4 Period Moving Average Price Forecast For the 26th of April
Given 90 days horizon, the 4 Period Moving Average forecasted value of Eastside Distilling on the next trading day is expected to be 1.03 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.92.Please note that although there have been many attempts to predict Eastside 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 Eastside Distilling's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eastside Distilling Stock Forecast Pattern
| Backtest Eastside Distilling | Eastside Distilling Price Prediction | Buy or Sell Advice |
Eastside Distilling Forecasted Value
In the context of forecasting Eastside Distilling'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. Eastside Distilling's downside and upside margins for the forecasting period are 0.01 and 8.10, respectively. We have considered Eastside Distilling'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Eastside Distilling stock data series using in forecasting. Note that when a statistical model is used to represent Eastside Distilling 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 | 106.0784 |
| Bias | Arithmetic mean of the errors | 0.0015 |
| MAD | Mean absolute deviation | 0.0689 |
| MAPE | Mean absolute percentage error | 0.063 |
| SAE | Sum of the absolute errors | 3.925 |
Predictive Modules for Eastside Distilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastside Distilling. 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 Eastside Distilling'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 Eastside Distilling
For every potential investor in Eastside, whether a beginner or expert, Eastside Distilling's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eastside Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eastside. Basic forecasting techniques help filter out the noise by identifying Eastside Distilling's price trends.View Eastside Distilling Related Equities
| Risk & Return | Correlation |
Eastside Distilling 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 Eastside Distilling'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 Eastside Distilling's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eastside Distilling Market Strength Events
Market strength indicators help investors to evaluate how Eastside Distilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastside Distilling shares will generate the highest return on investment. By undertsting and applying Eastside Distilling stock market strength indicators, traders can identify Eastside Distilling entry and exit signals to maximize returns.
Eastside Distilling Risk Indicators
The analysis of Eastside Distilling'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 Eastside Distilling's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eastside 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 | 5.15 | |||
| Semi Deviation | 6.01 | |||
| Standard Deviation | 7.07 | |||
| Variance | 50.01 | |||
| Downside Variance | 43.86 | |||
| Semi Variance | 36.11 | |||
| Expected Short fall | (6.37) |
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 Eastside Distilling 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, Eastside Distilling's short interest history, or implied volatility extrapolated from Eastside Distilling options trading.
Pair Trading with Eastside Distilling
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 Eastside Distilling 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 Eastside Distilling will appreciate offsetting losses from the drop in the long position's value.Moving against Eastside Stock
| 0.52 | BG | Bunge Limited Earnings Call This Week | PairCorr |
| 0.5 | VDKB | Vodka Brands Corp | PairCorr |
| 0.48 | K | Kellanova Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Eastside Distilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastside Distilling 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 Eastside Distilling - 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 Eastside Distilling to buy it.
The correlation of Eastside Distilling 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 Eastside Distilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastside Distilling 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 Eastside Distilling 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 Eastside Distilling to cross-verify your projections. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Eastside Stock analysis
When running Eastside Distilling's price analysis, check to measure Eastside Distilling'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 Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.
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Is Eastside Distilling's industry 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 Eastside Distilling. If investors know Eastside 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 Eastside Distilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eastside Distilling is measured differently than its book value, which is the value of Eastside that is recorded on the company's balance sheet. Investors also form their own opinion of Eastside Distilling's value that differs from its market value or its book value, called intrinsic value, which is Eastside Distilling'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 Eastside Distilling's market value can be influenced by many factors that don't directly affect Eastside Distilling'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 Eastside Distilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastside Distilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastside Distilling'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.