EatonPLC Stock Forecast - Naive Prediction
| 3EC Stock | EUR 356.00 0.85 0.24% |
The Naive Prediction forecasted value of Eaton PLC on the next trading day is expected to be 355.86 with a mean absolute deviation of 5.42 and the sum of the absolute errors of 330.72. EatonPLC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of EatonPLC's historical fundamentals, such as revenue growth or operating cash flow patterns.
EatonPLC |
EatonPLC Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of Eaton PLC on the next trading day is expected to be 355.86 with a mean absolute deviation of 5.42, mean absolute percentage error of 53.50, and the sum of the absolute errors of 330.72.Please note that although there have been many attempts to predict EatonPLC 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 EatonPLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
EatonPLC Stock Forecast Pattern
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EatonPLC Forecasted Value
In the context of forecasting EatonPLC'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. EatonPLC's downside and upside margins for the forecasting period are 353.81 and 357.92, respectively. We have considered EatonPLC'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 EatonPLC stock data series using in forecasting. Note that when a statistical model is used to represent EatonPLC 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 | 122.0903 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.4216 |
| MAPE | Mean absolute percentage error | 0.0173 |
| SAE | Sum of the absolute errors | 330.72 |
Predictive Modules for EatonPLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eaton PLC. 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.Other Forecasting Options for EatonPLC
For every potential investor in EatonPLC, whether a beginner or expert, EatonPLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EatonPLC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EatonPLC. Basic forecasting techniques help filter out the noise by identifying EatonPLC's price trends.EatonPLC 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 EatonPLC stock to make a market-neutral strategy. Peer analysis of EatonPLC could also be used in its relative valuation, which is a method of valuing EatonPLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eaton PLC 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 EatonPLC'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 EatonPLC's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
EatonPLC Market Strength Events
Market strength indicators help investors to evaluate how EatonPLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EatonPLC shares will generate the highest return on investment. By undertsting and applying EatonPLC stock market strength indicators, traders can identify Eaton PLC entry and exit signals to maximize returns.
EatonPLC Risk Indicators
The analysis of EatonPLC'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 EatonPLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eatonplc 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 | 1.51 | |||
| Semi Deviation | 1.57 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.26 | |||
| Downside Variance | 3.77 | |||
| Semi Variance | 2.47 | |||
| Expected Short fall | (1.82) |
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.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in EatonPLC Stock
When determining whether Eaton PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EatonPLC'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 Eaton Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eaton Plc Stock:Check out Historical Fundamental Analysis of EatonPLC to cross-verify your projections. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.