Ensign Stock Forecast - Naive Prediction

A naive forecasting model for Ensign is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of The Ensign Group 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.

Ensign Naive Prediction Price Forecast For the 3rd of October

Given 90 days horizon, the Naive Prediction forecasted value of The Ensign Group on the next trading day is expected to be 88.84 with a mean absolute deviation of 0.83, mean absolute percentage error of 1.19, and the sum of the absolute errors of 50.62.

Ensign 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 Ensign stock data series using in forecasting. Note that when a statistical model is used to represent Ensign 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. This model is not at all useful as a medium-long range forecasting tool of The Ensign Group. 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 Ensign. 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 Ensign

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ensign Group. 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.

Hype Prediction Low Estimated High 86.65 88.00 89.35 Details

Intrinsic Valuation Low Real High 71.60 72.95 96.80 Details

Bollinger Band Projection (param) Low Middle High 81.33 87.00 92.67 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ensign. Your research has to be compared to or analyzed against Ensign's peers to derive any actionable benefits. When done correctly, Ensign's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ensign Group.

Other Forecasting Options for Ensign

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

Ensign Related Equities

Risk & Return

Correlation

Ensign Group 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 Ensign'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 Ensign's current price.

Ensign Risk Indicators

Pair Trading with Ensign

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

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Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

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Technical Analysis Details

Please note, there is a significant difference between Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign'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. $(function(){ //alert('EGB.F'); displaySymbolSentimentChart('EGB.F','sentimentChart'); });