E-Buy Home OTC Stock Forecast - Naive Prediction

EBYH -  USA Stock  

USD 0.20  0.03  13.04%

E-Buy OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast E-Buy Home historical stock prices and determine the direction of E-Buy Home'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 E-Buy Home historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of E-Buy Home to cross-verify your projections.

E-Buy O TC Stock Forecast 

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

E-Buy Home Naive Prediction Price Forecast For the 28th of October

Given 90 days horizon, the Naive Prediction forecasted value of E-Buy Home on the next trading day is expected to be 0.035527 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.007066, and the sum of the absolute errors of 3.55. Please note that although there have been many attempts to predict E-Buy OTC 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 E-Buy Home's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

E-Buy Home OTC Stock Forecast Pattern

Backtest E-Buy HomeE-Buy Home Price PredictionBuy or Sell Advice 

E-Buy Home Forecasted Value

In the context of forecasting E-Buy Home's OTC 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. E-Buy Home's downside and upside margins for the forecasting period are 0.002 and 23.87, respectively. We have considered E-Buy Home'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.
Market Value
0.20
27th of October 2021
0.035527
Expected Value
23.87
Upside

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 E-Buy Home otc stock data series using in forecasting. Note that when a statistical model is used to represent E-Buy Home otc 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 Criteria113.158
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0582
MAPEMean absolute percentage error0.1655
SAESum of the absolute errors3.5527
This model is not at all useful as a medium-long range forecasting tool of E-Buy Home. 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 E-Buy Home. 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 E-Buy Home

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as E-Buy Home. 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 E-Buy Home'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 E-Buy Home in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.010.2024.03
Details
Intrinsic
Valuation
LowReal ValueHigh
0.010.1924.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as E-Buy Home. Your research has to be compared to or analyzed against E-Buy Home's peers to derive any actionable benefits. When done correctly, E-Buy Home'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 E-Buy Home.

Other Forecasting Options for E-Buy Home

For every potential investor in E-Buy, whether a beginner or expert, E-Buy Home's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. E-Buy OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in E-Buy. Basic forecasting techniques help filter out the noise by identifying E-Buy Home's price trends.

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 E-Buy Home otc stock to make a market-neutral strategy. Peer analysis of E-Buy Home could also be used in its relative valuation, which is a method of valuing E-Buy Home by comparing valuation metrics with similar companies.

E-Buy Home 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 E-Buy Home'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 E-Buy Home's current price.

E-Buy Home Risk Indicators

The analysis of E-Buy Home'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 E-Buy Home's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting E-Buy Home 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.

E-Buy Home Investors Sentiment

The influence of E-Buy Home's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in E-Buy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EBYH

E-Buy Home Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in E-Buy Home. What is your opinion about investing in E-Buy Home? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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Pair Trading with E-Buy Home

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 E-Buy Home 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 E-Buy Home will appreciate offsetting losses from the drop in the long position's value.

E-Buy Home Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for E-Buy Home and GoodRx Holdings. 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 Historical Fundamental Analysis of E-Buy Home to cross-verify your projections. Note that the E-Buy Home information on this page should be used as a complementary analysis to other E-Buy Home'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for E-Buy OTC Stock analysis

When running E-Buy Home price analysis, check to measure E-Buy Home'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 E-Buy Home is operating at the current time. Most of E-Buy Home's value examination focuses on studying past and present price action to predict the probability of E-Buy Home's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move E-Buy Home's price. Additionally, you may evaluate how the addition of E-Buy Home to your portfolios can decrease your overall portfolio volatility.
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Is E-Buy Home'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 E-Buy Home. If investors know E-Buy 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 E-Buy Home 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 E-Buy Home is measured differently than its book value, which is the value of E-Buy that is recorded on the company's balance sheet. Investors also form their own opinion of E-Buy Home's value that differs from its market value or its book value, called intrinsic value, which is E-Buy Home'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 E-Buy Home's market value can be influenced by many factors that don't directly affect E-Buy Home'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 E-Buy Home's value and its price as these two are different measures arrived at by different means. Investors typically determine E-Buy Home value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, E-Buy Home'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.