EUROFINS SCIENTIFIC Stock Forecast - Naive Prediction

ERRFY -  USA Stock  

USD 11.99  0.00  0.00%

EUROFINS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast EUROFINS SCIENTIFIC historical stock prices and determine the direction of EUROFINS SCIENTIFIC SE'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 EUROFINS SCIENTIFIC historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Investing Opportunities.

Search Stock Forecast 

 
Refresh
Most investors in EUROFINS SCIENTIFIC 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 EUROFINS SCIENTIFIC's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets EUROFINS SCIENTIFIC's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for EUROFINS SCIENTIFIC is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of EUROFINS SCIENTIFIC SE 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.

EUROFINS SCIENTIFIC Naive Prediction Price Forecast For the 22nd of September

Given 90 days horizon, the Naive Prediction forecasted value of EUROFINS SCIENTIFIC SE on the next trading day is expected to be 12.49 with a mean absolute deviation of 1.70, mean absolute percentage error of 3.71, and the sum of the absolute errors of 28.94. Please note that although there have been many attempts to predict EUROFINS 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 EUROFINS SCIENTIFIC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

EUROFINS SCIENTIFIC Stock Forecast Pattern

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 EUROFINS SCIENTIFIC stock data series using in forecasting. Note that when a statistical model is used to represent EUROFINS SCIENTIFIC 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 Criteria38.5544
BiasArithmetic mean of the errors None
MADMean absolute deviation1.7022
MAPEMean absolute percentage error0.1416
SAESum of the absolute errors28.9376
This model is not at all useful as a medium-long range forecasting tool of EUROFINS SCIENTIFIC SE. 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 EUROFINS SCIENTIFIC. 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 EUROFINS SCIENTIFIC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EUROFINS SCIENTIFIC. 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 EUROFINS SCIENTIFIC'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 EUROFINS SCIENTIFIC in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
11.9911.9911.99
Details
Intrinsic
Valuation
LowReal ValueHigh
10.9310.9313.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EUROFINS SCIENTIFIC. Your research has to be compared to or analyzed against EUROFINS SCIENTIFIC's peers to derive any actionable benefits. When done correctly, EUROFINS SCIENTIFIC'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 EUROFINS SCIENTIFIC.

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

EUROFINS SCIENTIFIC Risk Indicators

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

Be your own money manager

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

Did you try this?

Run Portfolio Rebalancing Now

   

Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
All  Next Launch Module

Pair Trading with EUROFINS SCIENTIFIC

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

EUROFINS SCIENTIFIC Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for EUROFINS SCIENTIFIC and Apple Inc. 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 EUROFINS SCIENTIFIC information on this page should be used as a complementary analysis to other EUROFINS SCIENTIFIC'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Tools for EUROFINS Stock

When running EUROFINS SCIENTIFIC price analysis, check to measure EUROFINS SCIENTIFIC'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 EUROFINS SCIENTIFIC is operating at the current time. Most of EUROFINS SCIENTIFIC's value examination focuses on studying past and present price action to predict the probability of EUROFINS SCIENTIFIC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move EUROFINS SCIENTIFIC's price. Additionally, you may evaluate how the addition of EUROFINS SCIENTIFIC to your portfolios can decrease your overall portfolio volatility.
Equity Search
Search for activelly traded equities including funds and ETFs from over 30 global markets
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go