Eaton Vance Stock Forecast - 8 Period Moving Average

ETX Stock  USD 17.64  0.29  1.62%   
The 8 Period Moving Average forecasted value of Eaton Vance Municipal on the next trading day is expected to be 17.89 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 6.79. Eaton Stock Forecast is based on your current time horizon.
  
Receivables Turnover is likely to rise to 2.93 in 2024, whereas Asset Turnover is likely to drop 0.02 in 2024. . Common Stock Shares Outstanding is likely to rise to about 11.9 M in 2024, despite the fact that Net Loss is likely to grow to (2.7 M).
An 8-period moving average forecast model for Eaton Vance is based on an artificially constructed time series of Eaton Vance daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Eaton Vance 8 Period Moving Average Price Forecast For the 25th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Eaton Vance Municipal on the next trading day is expected to be 17.89 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.79.
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

JavaScript chart by amCharts 3.21.15Oct 8Oct 16Oct 24Nov 1Nov 11Nov 19Nov 27Dec 6Dec 16Dec 2417.617.818.018.218.418.618.8
JavaScript chart by amCharts 3.21.15Eaton Vance Municipal Eaton Vance Municipal forecast
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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 17.42 and 18.36, 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
17.64
17.89
Expected Value
18.36
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average 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 Criteria99.6948
BiasArithmetic mean of the errors 0.0573
MADMean absolute deviation0.1281
MAPEMean absolute percentage error0.0071
SAESum of the absolute errors6.7887
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Eaton Vance Municipal 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

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 Municipal. 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 Eaton Vance'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.
Hype
Prediction
LowEstimatedHigh
17.5818.0118.44
Details
Intrinsic
Valuation
LowRealHigh
8.839.2619.81
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.

Eaton Vance 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 Vance stock to make a market-neutral strategy. Peer analysis of Eaton Vance could also be used in its relative valuation, which is a method of valuing Eaton Vance by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Eaton Vance Municipal 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 Municipal 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.