EatonPLC Stock Forecast - 8 Period Moving Average

3EC Stock  EUR 352.30  5.70  1.59%   
The 8 Period Moving Average forecasted value of Eaton PLC on the next trading day is expected to be 356.31 with a mean absolute deviation of 8.38 and the sum of the absolute errors of 444.12. EatonPLC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of EatonPLC's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
An 8-period moving average forecast model for EatonPLC is based on an artificially constructed time series of EatonPLC 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.

EatonPLC 8 Period Moving Average Price Forecast For the 7th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Eaton PLC on the next trading day is expected to be 356.31 with a mean absolute deviation of 8.38, mean absolute percentage error of 129.80, and the sum of the absolute errors of 444.12.
Please note that although there have been many attempts to predict EatonPLC 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 EatonPLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

EatonPLC Stock Forecast Pattern

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EatonPLC Forecasted Value

In the context of forecasting EatonPLC'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. EatonPLC's downside and upside margins for the forecasting period are 354.40 and 358.23, respectively. We have considered EatonPLC'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
352.30
354.40
Downside
356.31
Expected Value
358.23
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 EatonPLC stock data series using in forecasting. Note that when a statistical model is used to represent EatonPLC 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 Criteria108.2735
BiasArithmetic mean of the errors -6.0056
MADMean absolute deviation8.3797
MAPEMean absolute percentage error0.0256
SAESum of the absolute errors444.1238
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 PLC 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for EatonPLC

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 PLC. 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
350.38352.30354.22
Details
Intrinsic
Valuation
LowRealHigh
317.07379.70381.62
Details
Bollinger
Band Projection (param)
LowMiddleHigh
350.79356.11361.42
Details

Other Forecasting Options for EatonPLC

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

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

Eaton PLC 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 EatonPLC'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 EatonPLC's current price.

EatonPLC Market Strength Events

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

EatonPLC Risk Indicators

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

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Additional Information and Resources on Investing in EatonPLC Stock

When determining whether Eaton PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EatonPLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eaton Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eaton Plc Stock:
Check out Historical Fundamental Analysis of EatonPLC to cross-verify your projections.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Please note, there is a significant difference between EatonPLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if EatonPLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EatonPLC'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.