Endesa SA Stock Forecast - 8 Period Moving Average
| ELE Stock | EUR 18.32 0.02 0.11% |
The 8 Period Moving Average forecasted value of Endesa SA on the next trading day is expected to be 18.31 with a mean absolute deviation of 0.24 and the sum of the absolute errors of 13.22. Endesa Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Endesa SA stock prices and determine the direction of Endesa SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Endesa SA's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Endesa SA to cross-verify your projections. Endesa |
Most investors in Endesa SA 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 Endesa SA's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Endesa SA's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Endesa SA is based on an artificially constructed time series of Endesa SA daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Endesa SA 8 Period Moving Average Price Forecast For the 30th of May
Given 90 days horizon, the 8 Period Moving Average forecasted value of Endesa SA on the next trading day is expected to be 18.31 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.09, and the sum of the absolute errors of 13.22.Please note that although there have been many attempts to predict Endesa 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 Endesa SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Endesa SA Stock Forecast Pattern
| Backtest Endesa SA | Endesa SA Price Prediction | Buy or Sell Advice |
Endesa SA Forecasted Value
In the context of forecasting Endesa SA'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. Endesa SA's downside and upside margins for the forecasting period are 17.02 and 19.61, respectively. We have considered Endesa SA'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Endesa SA stock data series using in forecasting. Note that when a statistical model is used to represent Endesa SA 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 | 102.8388 |
| Bias | Arithmetic mean of the errors | -0.1459 |
| MAD | Mean absolute deviation | 0.2447 |
| MAPE | Mean absolute percentage error | 0.0141 |
| SAE | Sum of the absolute errors | 13.2163 |
Predictive Modules for Endesa SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Endesa SA. 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 Endesa SA'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 Endesa SA
For every potential investor in Endesa, whether a beginner or expert, Endesa SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Endesa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Endesa. Basic forecasting techniques help filter out the noise by identifying Endesa SA's price trends.Endesa SA 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 Endesa SA stock to make a market-neutral strategy. Peer analysis of Endesa SA could also be used in its relative valuation, which is a method of valuing Endesa SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Endesa SA 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 Endesa SA'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 Endesa SA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Endesa SA Market Strength Events
Market strength indicators help investors to evaluate how Endesa SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Endesa SA shares will generate the highest return on investment. By undertsting and applying Endesa SA stock market strength indicators, traders can identify Endesa SA entry and exit signals to maximize returns.
| Accumulation Distribution | 10435.32 | |||
| Daily Balance Of Power | (0.08) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 18.39 | |||
| Day Typical Price | 18.37 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | (0.02) |
Endesa SA Risk Indicators
The analysis of Endesa SA'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 Endesa SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting endesa 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 | 1.08 | |||
| Semi Deviation | 1.24 | |||
| Standard Deviation | 1.37 | |||
| Variance | 1.87 | |||
| Downside Variance | 1.91 | |||
| Semi Variance | 1.54 | |||
| Expected Short fall | (1.12) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Historical Fundamental Analysis of Endesa SA to cross-verify your projections. Note that the Endesa SA information on this page should be used as a complementary analysis to other Endesa SA'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 the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Endesa Stock analysis
When running Endesa SA's price analysis, check to measure Endesa SA'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 Endesa SA is operating at the current time. Most of Endesa SA's value examination focuses on studying past and present price action to predict the probability of Endesa SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endesa SA's price. Additionally, you may evaluate how the addition of Endesa SA to your portfolios can decrease your overall portfolio volatility.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |