ESCO Technologies Stock Forecast - Simple Moving Average
| ESE Stock | USD 104.62 2.90 2.85% |
The Simple Moving Average forecasted value of ESCO Technologies on the next trading day is expected to be 104.62 with a mean absolute deviation of 1.43 and the sum of the absolute errors of 86.07. ESCO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ESCO Technologies stock prices and determine the direction of ESCO Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ESCO Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although ESCO Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ESCO Technologies' systematic risk associated with finding meaningful patterns of ESCO Technologies fundamentals over time.
Check out Historical Fundamental Analysis of ESCO Technologies to cross-verify your projections. ESCO |
Open Interest Against 2024-05-17 ESCO Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ESCO Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ESCO Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ESCO Technologies stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ESCO Technologies' open interest, investors have to compare it to ESCO Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ESCO Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ESCO. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ESCO Technologies 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 ESCO Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ESCO Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for ESCO Technologies is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility. ESCO Technologies Simple Moving Average Price Forecast For the 25th of April
Given 90 days horizon, the Simple Moving Average forecasted value of ESCO Technologies on the next trading day is expected to be 104.62 with a mean absolute deviation of 1.43, mean absolute percentage error of 3.33, and the sum of the absolute errors of 86.07.Please note that although there have been many attempts to predict ESCO 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 ESCO Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ESCO Technologies Stock Forecast Pattern
| Backtest ESCO Technologies | ESCO Technologies Price Prediction | Buy or Sell Advice |
ESCO Technologies Forecasted Value
In the context of forecasting ESCO Technologies' 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. ESCO Technologies' downside and upside margins for the forecasting period are 102.84 and 106.40, respectively. We have considered ESCO Technologies' 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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of ESCO Technologies stock data series using in forecasting. Note that when a statistical model is used to represent ESCO Technologies 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 | 117.4761 |
| Bias | Arithmetic mean of the errors | -0.0088 |
| MAD | Mean absolute deviation | 1.4345 |
| MAPE | Mean absolute percentage error | 0.0141 |
| SAE | Sum of the absolute errors | 86.07 |
Predictive Modules for ESCO Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ESCO Technologies. 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 ESCO Technologies' 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 ESCO Technologies
For every potential investor in ESCO, whether a beginner or expert, ESCO Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ESCO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ESCO. Basic forecasting techniques help filter out the noise by identifying ESCO Technologies' price trends.ESCO Technologies 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 ESCO Technologies stock to make a market-neutral strategy. Peer analysis of ESCO Technologies could also be used in its relative valuation, which is a method of valuing ESCO Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ESCO Technologies 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 ESCO Technologies' 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 ESCO Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ESCO Technologies Market Strength Events
Market strength indicators help investors to evaluate how ESCO Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ESCO Technologies shares will generate the highest return on investment. By undertsting and applying ESCO Technologies stock market strength indicators, traders can identify ESCO Technologies entry and exit signals to maximize returns.
| Accumulation Distribution | 4543.31 | |||
| Daily Balance Of Power | 1.013986 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 103.38 | |||
| Day Typical Price | 103.79 | |||
| Price Action Indicator | 2.69 | |||
| Period Momentum Indicator | 2.9 | |||
| Relative Strength Index | 53.61 |
ESCO Technologies Risk Indicators
The analysis of ESCO Technologies' 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 ESCO Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting esco 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 | 1.37 | |||
| Semi Deviation | 1.79 | |||
| Standard Deviation | 1.73 | |||
| Variance | 3.01 | |||
| Downside Variance | 3.34 | |||
| Semi Variance | 3.2 | |||
| Expected Short fall | (1.45) |
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.
Pair Trading with ESCO Technologies
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 ESCO Technologies 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 ESCO Technologies will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ESCO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESCO Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ESCO Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ESCO Technologies to buy it.
The correlation of ESCO Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ESCO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESCO Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ESCO Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of ESCO Technologies to cross-verify your projections. For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.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 ESCO Stock analysis
When running ESCO Technologies' price analysis, check to measure ESCO Technologies' 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 ESCO Technologies is operating at the current time. Most of ESCO Technologies' value examination focuses on studying past and present price action to predict the probability of ESCO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESCO Technologies' price. Additionally, you may evaluate how the addition of ESCO Technologies to your portfolios can decrease your overall portfolio volatility.
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Is ESCO Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESCO Technologies. If investors know ESCO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESCO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 0.32 | Earnings Share 3.6 | Revenue Per Share 37.573 | Quarterly Revenue Growth 0.088 |
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.