Eneti Stock Forecast - Naive Prediction
| NETIDelisted Stock | USD 12.63 0.07 0.56% |
The Naive Prediction forecasted value of Eneti Inc on the next trading day is expected to be 12.37 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 13.89. Eneti Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Eneti's historical fundamentals, such as revenue growth or operating cash flow patterns.
Eneti |
Eneti Naive Prediction Price Forecast For the 3rd of December
Given 90 days horizon, the Naive Prediction forecasted value of Eneti Inc on the next trading day is expected to be 12.37 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.08, and the sum of the absolute errors of 13.89.Please note that although there have been many attempts to predict Eneti 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 Eneti's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eneti Stock Forecast Pattern
| Backtest Eneti | Eneti Price Prediction | Buy or Sell Advice |
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 Eneti stock data series using in forecasting. Note that when a statistical model is used to represent Eneti 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 | 115.6361 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2277 |
| MAPE | Mean absolute percentage error | 0.0216 |
| SAE | Sum of the absolute errors | 13.8882 |
Predictive Modules for Eneti
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eneti Inc. 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 Eneti'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.
Eneti 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 Eneti stock to make a market-neutral strategy. Peer analysis of Eneti could also be used in its relative valuation, which is a method of valuing Eneti by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eneti Market Strength Events
Market strength indicators help investors to evaluate how Eneti stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eneti shares will generate the highest return on investment. By undertsting and applying Eneti stock market strength indicators, traders can identify Eneti Inc entry and exit signals to maximize returns.
Eneti Risk Indicators
The analysis of Eneti'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 Eneti's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eneti 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 | 2.44 | |||
| Semi Deviation | 3.18 | |||
| Standard Deviation | 3.15 | |||
| Variance | 9.94 | |||
| Downside Variance | 13.63 | |||
| Semi Variance | 10.12 | |||
| Expected Short fall | (2.32) |
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
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Eneti Stock
If you are still planning to invest in Eneti Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eneti's history and understand the potential risks before investing.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |