Eaton PLC Stock Forecast - Simple Exponential Smoothing
| 3EC Stock | EUR 356.00 0.85 0.24% |
The Simple Exponential Smoothing forecasted value of Eaton PLC on the next trading day is expected to be 356.00 with a mean absolute deviation of 4.35 and the sum of the absolute errors of 261.10. Eaton Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Eaton PLC's historical fundamentals, such as revenue growth or operating cash flow patterns.
Eaton |
Eaton PLC Simple Exponential Smoothing Price Forecast For the 3rd of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Eaton PLC on the next trading day is expected to be 356.00 with a mean absolute deviation of 4.35, mean absolute percentage error of 37.90, and the sum of the absolute errors of 261.10.Please note that although there have been many attempts to predict Eaton 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 Eaton PLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eaton PLC Stock Forecast Pattern
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Eaton PLC Forecasted Value
In the context of forecasting Eaton PLC'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. Eaton PLC's downside and upside margins for the forecasting period are 353.95 and 358.05, respectively. We have considered Eaton PLC'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Eaton PLC stock data series using in forecasting. Note that when a statistical model is used to represent Eaton PLC 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 | 119.9076 |
| Bias | Arithmetic mean of the errors | -1.5733 |
| MAD | Mean absolute deviation | 4.3517 |
| MAPE | Mean absolute percentage error | 0.0139 |
| SAE | Sum of the absolute errors | 261.1 |
Predictive Modules for Eaton PLC
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 Eaton PLC
For every potential investor in Eaton, whether a beginner or expert, Eaton PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eaton Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eaton. Basic forecasting techniques help filter out the noise by identifying Eaton PLC's price trends.Eaton PLC 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 Eaton PLC stock to make a market-neutral strategy. Peer analysis of Eaton PLC could also be used in its relative valuation, which is a method of valuing Eaton PLC 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 Eaton PLC'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 Eaton PLC's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Eaton PLC Market Strength Events
Market strength indicators help investors to evaluate how Eaton PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eaton PLC shares will generate the highest return on investment. By undertsting and applying Eaton PLC stock market strength indicators, traders can identify Eaton PLC entry and exit signals to maximize returns.
Eaton PLC Risk Indicators
The analysis of Eaton PLC'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 Eaton PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eaton 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 | 1.5 | |||
| Semi Deviation | 1.56 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.25 | |||
| Downside Variance | 3.64 | |||
| Semi Variance | 2.42 | |||
| 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.
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Additional Information and Resources on Investing in Eaton 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 Eaton PLC'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 Eaton PLC to cross-verify your projections. For more detail on how to invest in Eaton Stock please use our How to Invest in Eaton PLC guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.