Endur ASA Stock Forecast - Polynomial Regression
| ENDUR Stock | NOK 52.60 1.80 3.54% |
The Polynomial Regression forecasted value of Endur ASA on the next trading day is expected to be 53.09 with a mean absolute deviation of 1.38 and the sum of the absolute errors of 85.29. Endur Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Endur ASA stock prices and determine the direction of Endur ASA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Endur ASA's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Endur ASA to cross-verify your projections. Endur |
Most investors in Endur ASA 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 Endur ASA's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Endur ASA's price structures and extracts relationships that further increase the generated results' accuracy.
Endur ASA polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Endur ASA as well as the accuracy indicators are determined from the period prices. Endur ASA Polynomial Regression Price Forecast For the 9th of June
Given 90 days horizon, the Polynomial Regression forecasted value of Endur ASA on the next trading day is expected to be 53.09 with a mean absolute deviation of 1.38, mean absolute percentage error of 2.66, and the sum of the absolute errors of 85.29.Please note that although there have been many attempts to predict Endur 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 Endur ASA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Endur ASA Stock Forecast Pattern
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Endur ASA Forecasted Value
In the context of forecasting Endur ASA'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. Endur ASA's downside and upside margins for the forecasting period are 51.25 and 54.92, respectively. We have considered Endur ASA'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Endur ASA stock data series using in forecasting. Note that when a statistical model is used to represent Endur ASA 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 | 120.9259 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.3757 |
| MAPE | Mean absolute percentage error | 0.0291 |
| SAE | Sum of the absolute errors | 85.2933 |
Predictive Modules for Endur ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Endur ASA. 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 Endur ASA'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 Endur ASA
For every potential investor in Endur, whether a beginner or expert, Endur ASA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Endur Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Endur. Basic forecasting techniques help filter out the noise by identifying Endur ASA's price trends.Endur ASA 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 Endur ASA stock to make a market-neutral strategy. Peer analysis of Endur ASA could also be used in its relative valuation, which is a method of valuing Endur ASA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Endur ASA 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 Endur ASA'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 Endur ASA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Endur ASA Market Strength Events
Market strength indicators help investors to evaluate how Endur ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Endur ASA shares will generate the highest return on investment. By undertsting and applying Endur ASA stock market strength indicators, traders can identify Endur ASA entry and exit signals to maximize returns.
| Accumulation Distribution | 4868.13 | |||
| Daily Balance Of Power | 0.72 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 52.25 | |||
| Day Typical Price | 52.37 | |||
| Price Action Indicator | 1.25 | |||
| Period Momentum Indicator | 1.8 |
Endur ASA Risk Indicators
The analysis of Endur ASA'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 Endur ASA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting endur 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 | 1.57 | |||
| Semi Deviation | 1.01 | |||
| Standard Deviation | 2.03 | |||
| Variance | 4.1 | |||
| Downside Variance | 2.02 | |||
| Semi Variance | 1.02 | |||
| Expected Short fall | (2.13) |
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.
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Other Information on Investing in Endur Stock
Endur ASA financial ratios help investors to determine whether Endur Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Endur with respect to the benefits of owning Endur ASA security.