Eurodry Stock Forecast - Naive Prediction

EDRY -  USA Stock  

USD 30.88  1.53  5.21%

Eurodry Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eurodry historical stock prices and determine the direction of Eurodry'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 Eurodry historical fundamentals such as revenue growth or operating cash flow patterns. Although Eurodry naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Eurodry systematic risk associated with finding meaningful patterns of Eurodry fundamentals over time.
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Asset Turnover is likely to drop to 0.19 in 2021. Weighted Average Shares is likely to rise to about 2.4 M in 2021. Weighted Average Shares Diluted is likely to rise to about 2.4 M in 2021.
Most investors in Eurodry 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 Eurodry's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eurodry's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Eurodry is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Eurodry 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.

Eurodry Naive Prediction Price Forecast For the 29th of September

Given 90 days horizon, the Naive Prediction forecasted value of Eurodry on the next trading day is expected to be 31.61 with a mean absolute deviation of 0.87, mean absolute percentage error of 1.44, and the sum of the absolute errors of 52.93. Please note that although there have been many attempts to predict Eurodry 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 Eurodry's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Eurodry 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 Eurodry stock data series using in forecasting. Note that when a statistical model is used to represent Eurodry 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 Criteria118.475
BiasArithmetic mean of the errors None
MADMean absolute deviation0.8677
MAPEMean absolute percentage error0.0329
SAESum of the absolute errors52.9272
This model is not at all useful as a medium-long range forecasting tool of Eurodry. 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 Eurodry. 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 Eurodry

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eurodry. 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 Eurodry'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 Eurodry in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
26.6331.3035.97
Details
Intrinsic
Valuation
LowReal ValueHigh
28.9233.5938.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.6029.7733.93
Details
2 Analysts
Consensus
LowTarget PriceHigh
35.0042.5050.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eurodry. Your research has to be compared to or analyzed against Eurodry's peers to derive any actionable benefits. When done correctly, Eurodry'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 Eurodry.

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

Eurodry Risk Indicators

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

Eurodry Investors Sentiment

The influence of Eurodry'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 Eurodry. 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 - EDRY

Eurodry Investor Sentiment

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

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

Eurodry Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Eurodry and Global Ship Lease. 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 Eurodry information on this page should be used as a complementary analysis to other Eurodry'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Eurodry Stock analysis

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