Select Energy Stock Forecast - Simple Moving Average

18RA Stock  EUR 13.16  0.45  3.31%   
The Simple Moving Average forecasted value of Select Energy Services on the next trading day is expected to be 13.16 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 16.48. Select Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Select Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A two period moving average forecast for Select Energy is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Select Energy Simple Moving Average Price Forecast For the 15th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of Select Energy Services on the next trading day is expected to be 13.16 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.22, and the sum of the absolute errors of 16.48.
Please note that although there have been many attempts to predict Select 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 Select Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Select Energy Stock Forecast Pattern

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Select Energy Forecasted Value

In the context of forecasting Select Energy'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. Select Energy's downside and upside margins for the forecasting period are 9.91 and 16.41, respectively. We have considered Select Energy'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
13.16
13.16
Expected Value
16.41
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Select Energy stock data series using in forecasting. Note that when a statistical model is used to represent Select Energy 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 Criteria112.9116
BiasArithmetic mean of the errors -0.0712
MADMean absolute deviation0.2793
MAPEMean absolute percentage error0.024
SAESum of the absolute errors16.48
The simple moving average model is conceptually a linear regression of the current value of Select Energy Services price series against current and previous (unobserved) value of Select Energy. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Select Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Select Energy Services. 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
9.8813.1616.44
Details
Intrinsic
Valuation
LowRealHigh
11.4214.7017.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Select Energy. Your research has to be compared to or analyzed against Select Energy's peers to derive any actionable benefits. When done correctly, Select Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Select Energy Services.

Other Forecasting Options for Select Energy

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

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

Select Energy Services 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 Select Energy'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 Select Energy's current price.

Select Energy Market Strength Events

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

Select Energy Risk Indicators

The analysis of Select Energy'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 Select Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting select 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.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Select Stock

When determining whether Select Energy Services is a strong investment it is important to analyze Select Energy'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 Select Energy's future performance. For an informed investment choice regarding Select Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Select Energy to cross-verify your projections.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Please note, there is a significant difference between Select Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Select Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Select Energy'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.