Eaton Vance Stock Forecast - Triple Exponential Smoothing

ENX Stock  USD 9.96  0.04  0.40%   
The Triple Exponential Smoothing forecasted value of Eaton Vance New on the next trading day is expected to be 9.96 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.72. Eaton Stock Forecast is based on your current time horizon.
  
At this time, Eaton Vance's Receivables Turnover is fairly stable compared to the past year. Asset Turnover is likely to rise to 0.11 in 2024, whereas Inventory Turnover is likely to drop 0.44 in 2024. . Common Stock Shares Outstanding is likely to drop to about 18.2 M in 2024. Net Loss is likely to rise to about (45.6 M) in 2024.
Triple exponential smoothing for Eaton Vance - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Eaton Vance prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Eaton Vance price movement. However, neither of these exponential smoothing models address any seasonality of Eaton Vance New.

Eaton Vance Triple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Eaton Vance New on the next trading day is expected to be 9.96 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 2.72.
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 Vance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Eaton Vance Stock Forecast Pattern

Backtest Eaton VanceEaton Vance Price PredictionBuy or Sell Advice 

Eaton Vance Forecasted Value

In the context of forecasting Eaton Vance'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 Vance's downside and upside margins for the forecasting period are 9.37 and 10.54, respectively. We have considered Eaton Vance'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.
Market Value
9.96
9.96
Expected Value
10.54
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Eaton Vance stock data series using in forecasting. Note that when a statistical model is used to represent Eaton Vance 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.0016
MADMean absolute deviation0.046
MAPEMean absolute percentage error0.0047
SAESum of the absolute errors2.715
As with simple exponential smoothing, in triple exponential smoothing models past Eaton Vance observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Eaton Vance New observations.

Predictive Modules for Eaton Vance

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 Vance New. 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.
Hype
Prediction
LowEstimatedHigh
9.349.9210.50
Details
Intrinsic
Valuation
LowRealHigh
8.9324.4725.05
Details
Bollinger
Band Projection (param)
LowMiddleHigh
9.409.7210.04
Details
1 Analysts
Consensus
LowTargetHigh
62.1068.2475.75
Details

Other Forecasting Options for Eaton Vance

For every potential investor in Eaton, whether a beginner or expert, Eaton Vance'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 Vance's price trends.

View Eaton Vance Related Equities

 Risk & Return  Correlation

Eaton Vance New 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 Vance'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 Vance's current price.

Eaton Vance Market Strength Events

Market strength indicators help investors to evaluate how Eaton Vance 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 Vance shares will generate the highest return on investment. By undertsting and applying Eaton Vance stock market strength indicators, traders can identify Eaton Vance New entry and exit signals to maximize returns.

Eaton Vance Risk Indicators

The analysis of Eaton Vance'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 Vance'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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Eaton Stock Analysis

When running Eaton Vance's price analysis, check to measure Eaton Vance'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 Eaton Vance is operating at the current time. Most of Eaton Vance's value examination focuses on studying past and present price action to predict the probability of Eaton Vance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton Vance's price. Additionally, you may evaluate how the addition of Eaton Vance to your portfolios can decrease your overall portfolio volatility.