Equitrans Midstream Stock Forecast - Double Exponential Smoothing
| ETRN Stock | USD 12.89 0.03 0.23% |
The Double Exponential Smoothing forecasted value of Equitrans Midstream Corp on the next trading day is expected to be 12.95 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.78. Equitrans Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Equitrans Midstream stock prices and determine the direction of Equitrans Midstream Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Equitrans Midstream's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Equitrans Midstream's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Equitrans Midstream's systematic risk associated with finding meaningful patterns of Equitrans Midstream fundamentals over time.
Check out Historical Fundamental Analysis of Equitrans Midstream to cross-verify your projections. Equitrans |
Open Interest Against 2024-05-17 Equitrans Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Equitrans Midstream's 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 Equitrans Midstream's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Equitrans Midstream 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 Equitrans Midstream's open interest, investors have to compare it to Equitrans Midstream's 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 Equitrans Midstream 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 Equitrans. 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 Equitrans Midstream 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 Equitrans Midstream's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Equitrans Midstream's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Equitrans Midstream works best with periods where there are trends or seasonality. Equitrans Midstream Double Exponential Smoothing Price Forecast For the 25th of April
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Equitrans Midstream Corp on the next trading day is expected to be 12.95 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.78.Please note that although there have been many attempts to predict Equitrans 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 Equitrans Midstream's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Equitrans Midstream Stock Forecast Pattern
| Backtest Equitrans Midstream | Equitrans Midstream Price Prediction | Buy or Sell Advice |
Equitrans Midstream Forecasted Value
In the context of forecasting Equitrans Midstream'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. Equitrans Midstream's downside and upside margins for the forecasting period are 11.46 and 14.44, respectively. We have considered Equitrans Midstream'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Equitrans Midstream stock data series using in forecasting. Note that when a statistical model is used to represent Equitrans Midstream 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.0256 |
| MAD | Mean absolute deviation | 0.1297 |
| MAPE | Mean absolute percentage error | 0.0114 |
| SAE | Sum of the absolute errors | 7.7822 |
Predictive Modules for Equitrans Midstream
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Equitrans Midstream Corp. 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 Equitrans Midstream'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 Equitrans Midstream
For every potential investor in Equitrans, whether a beginner or expert, Equitrans Midstream's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Equitrans Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Equitrans. Basic forecasting techniques help filter out the noise by identifying Equitrans Midstream's price trends.Equitrans Midstream 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 Equitrans Midstream stock to make a market-neutral strategy. Peer analysis of Equitrans Midstream could also be used in its relative valuation, which is a method of valuing Equitrans Midstream by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Equitrans Midstream Corp 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 Equitrans Midstream'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 Equitrans Midstream's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Equitrans Midstream Market Strength Events
Market strength indicators help investors to evaluate how Equitrans Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Equitrans Midstream shares will generate the highest return on investment. By undertsting and applying Equitrans Midstream stock market strength indicators, traders can identify Equitrans Midstream Corp entry and exit signals to maximize returns.
Equitrans Midstream Risk Indicators
The analysis of Equitrans Midstream'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 Equitrans Midstream's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting equitrans 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 | 1.17 | |||
| Semi Deviation | 0.7228 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.2 | |||
| Downside Variance | 1.11 | |||
| Semi Variance | 0.5225 | |||
| Expected Short fall | (1.52) |
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 Equitrans Midstream
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 Equitrans Midstream 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 Equitrans Midstream will appreciate offsetting losses from the drop in the long position's value.Moving together with Equitrans Stock
| 0.88 | AM | Antero Midstream Partners Earnings Call Tomorrow | PairCorr |
| 0.87 | ET | Energy Transfer LP Aggressive Push | PairCorr |
Moving against Equitrans Stock
| 0.68 | EURN | Euronav NV Financial Report 9th of May 2024 | PairCorr |
| 0.67 | TK | Teekay | PairCorr |
| 0.66 | CQP | Cheniere Energy Partners Earnings Call This Week | PairCorr |
| 0.63 | PBT | Permian Basin Royalty | PairCorr |
| 0.5 | PXSAW | Pyxis Tankers | PairCorr |
The ability to find closely correlated positions to Equitrans Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equitrans Midstream 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 Equitrans Midstream - 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 Equitrans Midstream Corp to buy it.
The correlation of Equitrans Midstream 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 Equitrans Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equitrans Midstream Corp 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 Equitrans Midstream 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 Equitrans Midstream to cross-verify your projections. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Equitrans Stock analysis
When running Equitrans Midstream's price analysis, check to measure Equitrans Midstream'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 Equitrans Midstream is operating at the current time. Most of Equitrans Midstream's value examination focuses on studying past and present price action to predict the probability of Equitrans Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equitrans Midstream's price. Additionally, you may evaluate how the addition of Equitrans Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Equitrans Midstream's 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 Equitrans Midstream. If investors know Equitrans 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 Equitrans Midstream 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 1.061 | Dividend Share 0.6 | Earnings Share 0.89 | Revenue Per Share 3.212 | Quarterly Revenue Growth 0.015 |
The market value of Equitrans Midstream Corp is measured differently than its book value, which is the value of Equitrans that is recorded on the company's balance sheet. Investors also form their own opinion of Equitrans Midstream's value that differs from its market value or its book value, called intrinsic value, which is Equitrans Midstream's 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 Equitrans Midstream's market value can be influenced by many factors that don't directly affect Equitrans Midstream's 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 Equitrans Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equitrans Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equitrans Midstream'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.