Ermenegildo Zegna Stock Forecast - Naive Prediction
| ZGN Stock | USD 11.68 0.09 0.76% |
The Naive Prediction forecasted value of Ermenegildo Zegna NV on the next trading day is expected to be 12.05 with a mean absolute deviation of 0.32 and the sum of the absolute errors of 19.69. Ermenegildo Stock Forecast is based on your current time horizon. Although Ermenegildo Zegna's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ermenegildo Zegna's systematic risk associated with finding meaningful patterns of Ermenegildo Zegna fundamentals over time.
Ermenegildo |
Most investors in Ermenegildo Zegna 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 Ermenegildo Zegna's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ermenegildo Zegna's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Ermenegildo Zegna is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Ermenegildo Zegna NV 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. Ermenegildo Zegna Naive Prediction Price Forecast For the 20th of June
Given 90 days horizon, the Naive Prediction forecasted value of Ermenegildo Zegna NV on the next trading day is expected to be 12.05 with a mean absolute deviation of 0.32, mean absolute percentage error of 0.17, and the sum of the absolute errors of 19.69.Please note that although there have been many attempts to predict Ermenegildo 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 Ermenegildo Zegna's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ermenegildo Zegna Stock Forecast Pattern
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Ermenegildo Zegna Forecasted Value
In the context of forecasting Ermenegildo Zegna'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. Ermenegildo Zegna's downside and upside margins for the forecasting period are 9.50 and 14.60, respectively. We have considered Ermenegildo Zegna'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Ermenegildo Zegna stock data series using in forecasting. Note that when a statistical model is used to represent Ermenegildo Zegna 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 | 116.3243 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3228 |
| MAPE | Mean absolute percentage error | 0.0256 |
| SAE | Sum of the absolute errors | 19.6891 |
Predictive Modules for Ermenegildo Zegna
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ermenegildo Zegna. 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 Ermenegildo Zegna'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 Ermenegildo Zegna
For every potential investor in Ermenegildo, whether a beginner or expert, Ermenegildo Zegna's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ermenegildo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ermenegildo. Basic forecasting techniques help filter out the noise by identifying Ermenegildo Zegna's price trends.Ermenegildo Zegna 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 Ermenegildo Zegna stock to make a market-neutral strategy. Peer analysis of Ermenegildo Zegna could also be used in its relative valuation, which is a method of valuing Ermenegildo Zegna by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ermenegildo Zegna 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 Ermenegildo Zegna'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 Ermenegildo Zegna's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ermenegildo Zegna Market Strength Events
Market strength indicators help investors to evaluate how Ermenegildo Zegna stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ermenegildo Zegna shares will generate the highest return on investment. By undertsting and applying Ermenegildo Zegna stock market strength indicators, traders can identify Ermenegildo Zegna NV entry and exit signals to maximize returns.
Ermenegildo Zegna Risk Indicators
The analysis of Ermenegildo Zegna'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 Ermenegildo Zegna's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ermenegildo 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 | 1.64 | |||
| Standard Deviation | 2.51 | |||
| Variance | 6.31 |
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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When determining whether Ermenegildo Zegna offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ermenegildo Zegna's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ermenegildo Zegna Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ermenegildo Zegna Nv Stock:Check out Historical Fundamental Analysis of Ermenegildo Zegna to cross-verify your projections. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Apparel, Accessories & Luxury Goods space 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 Ermenegildo Zegna. If investors know Ermenegildo 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 Ermenegildo Zegna 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 0.926 | Dividend Share 0.12 | Earnings Share 0.51 | Revenue Per Share 7.71 | Quarterly Revenue Growth 0.311 |
The market value of Ermenegildo Zegna is measured differently than its book value, which is the value of Ermenegildo that is recorded on the company's balance sheet. Investors also form their own opinion of Ermenegildo Zegna's value that differs from its market value or its book value, called intrinsic value, which is Ermenegildo Zegna'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 Ermenegildo Zegna's market value can be influenced by many factors that don't directly affect Ermenegildo Zegna'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 Ermenegildo Zegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ermenegildo Zegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ermenegildo Zegna'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.