Ensign Stock Forecast - Polynomial Regression

Ensign polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for The Ensign Group as well as the accuracy indicators are determined from the period prices.

Ensign Polynomial Regression Price Forecast For the 1st of June

Given 90 days horizon, the Polynomial Regression forecasted value of The Ensign Group on the next trading day is expected to be 79.38 with a mean absolute deviation of 1.53, mean absolute percentage error of 3.49, and the sum of the absolute errors of 93.42.

Ensign Stock Forecast Pattern

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Ensign Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression 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. A single variable polynomial regression model attempts to put a curve through the Ensign historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a₀ + a₁*X + a₂*X² + a₃*X³ + ... + a_m*X^m

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 79.49 81.00 82.51 Details

Intrinsic Valuation Low Real High 70.07 71.58 89.10 Details

Bollinger Band Projection (param) Low Middle High 78.61 83.59 88.58 Details

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 Market Strength Events

Ensign Risk Indicators

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ensign without increasing your portfolio risk or giving up the 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.

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.

Complementary Tools for Ensign Stock analysis

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

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. Check out Historical Fundamental Analysis of Ensign to cross-verify your projections. $(function(){ //alert('EGB.F'); displaySymbolSentimentChart('EGB.F','sentimentChart'); });