ENTERGY Stock Forecast - Simple Regression

ETY Stock  EUR 69.50  1.00  1.42%   
The Simple Regression forecasted value of ENTERGY on the next trading day is expected to be 74.49 with a mean absolute deviation of 1.55 and the sum of the absolute errors of 94.58. ENTERGY Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ENTERGY stock prices and determine the direction of ENTERGY's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ENTERGY's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through ENTERGY price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

ENTERGY Simple Regression Price Forecast For the 17th of December 2024

Given 90 days horizon, the Simple Regression forecasted value of ENTERGY on the next trading day is expected to be 74.49 with a mean absolute deviation of 1.55, mean absolute percentage error of 3.79, and the sum of the absolute errors of 94.58.
Please note that although there have been many attempts to predict ENTERGY 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 ENTERGY's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ENTERGY Stock Forecast Pattern

Backtest ENTERGYENTERGY Price PredictionBuy or Sell Advice 

ENTERGY Forecasted Value

In the context of forecasting ENTERGY'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. ENTERGY's downside and upside margins for the forecasting period are 71.97 and 77.02, respectively. We have considered ENTERGY'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
69.50
74.49
Expected Value
77.02
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of ENTERGY stock data series using in forecasting. Note that when a statistical model is used to represent ENTERGY 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 Criteria119.442
BiasArithmetic mean of the errors None
MADMean absolute deviation1.5505
MAPEMean absolute percentage error0.0234
SAESum of the absolute errors94.5835
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as ENTERGY historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for ENTERGY

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ENTERGY. 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
66.9969.5072.01
Details
Intrinsic
Valuation
LowRealHigh
62.5579.3681.87
Details

Other Forecasting Options for ENTERGY

For every potential investor in ENTERGY, whether a beginner or expert, ENTERGY's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ENTERGY Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ENTERGY. Basic forecasting techniques help filter out the noise by identifying ENTERGY's price trends.

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

ENTERGY 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 ENTERGY'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 ENTERGY's current price.

ENTERGY Market Strength Events

Market strength indicators help investors to evaluate how ENTERGY stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ENTERGY shares will generate the highest return on investment. By undertsting and applying ENTERGY stock market strength indicators, traders can identify ENTERGY entry and exit signals to maximize returns.

ENTERGY Risk Indicators

The analysis of ENTERGY'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 ENTERGY's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting entergy 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 Information and Resources on Investing in ENTERGY Stock

When determining whether ENTERGY is a strong investment it is important to analyze ENTERGY's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ENTERGY's future performance. For an informed investment choice regarding ENTERGY Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of ENTERGY to cross-verify your projections.
For information on how to trade ENTERGY Stock refer to our How to Trade ENTERGY Stock guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Please note, there is a significant difference between ENTERGY's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENTERGY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENTERGY'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.