Eaton PLC Stock Forecast - Simple Exponential Smoothing

3EC Stock  EUR 352.05  7.95  2.21%   
The Simple Exponential Smoothing forecasted value of Eaton PLC on the next trading day is expected to be 352.05 with a mean absolute deviation of 4.51 and the sum of the absolute errors of 270.36. Eaton Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Eaton PLC's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Eaton PLC simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Eaton PLC are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Eaton PLC prices get older.

Eaton PLC Simple Exponential Smoothing Price Forecast For the 11th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Eaton PLC on the next trading day is expected to be 352.05 with a mean absolute deviation of 4.51, mean absolute percentage error of 38.98, and the sum of the absolute errors of 270.36.
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 PLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Eaton PLC Stock Forecast Pattern

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Eaton PLC Forecasted Value

In the context of forecasting Eaton PLC'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 PLC's downside and upside margins for the forecasting period are 350.13 and 353.97, respectively. We have considered Eaton PLC'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
352.05
350.13
Downside
352.05
Expected Value
353.97
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Eaton PLC stock data series using in forecasting. Note that when a statistical model is used to represent Eaton PLC 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 Criteria119.9357
BiasArithmetic mean of the errors -1.3123
MADMean absolute deviation4.506
MAPEMean absolute percentage error0.0141
SAESum of the absolute errors270.36
This simple exponential smoothing model begins by setting Eaton PLC forecast for the second period equal to the observation of the first period. In other words, recent Eaton PLC observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Eaton PLC

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
350.13352.05353.97
Details
Intrinsic
Valuation
LowRealHigh
316.85394.52396.44
Details
Bollinger
Band Projection (param)
LowMiddleHigh
350.38356.23362.08
Details

Other Forecasting Options for Eaton PLC

For every potential investor in Eaton, whether a beginner or expert, Eaton PLC'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 PLC's price trends.

Eaton PLC 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 PLC stock to make a market-neutral strategy. Peer analysis of Eaton PLC could also be used in its relative valuation, which is a method of valuing Eaton PLC 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 Eaton PLC'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 PLC's current price.

Eaton PLC Market Strength Events

Market strength indicators help investors to evaluate how Eaton PLC 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 PLC shares will generate the highest return on investment. By undertsting and applying Eaton PLC stock market strength indicators, traders can identify Eaton PLC entry and exit signals to maximize returns.

Eaton PLC Risk Indicators

The analysis of Eaton PLC'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 PLC'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.

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Additional Information and Resources on Investing in Eaton 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 Eaton PLC'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 Eaton PLC to cross-verify your projections.
For more detail on how to invest in Eaton Stock please use our How to Invest in Eaton PLC guide.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Please note, there is a significant difference between Eaton PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eaton PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eaton PLC'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.