Elmera Group Stock Forecast - 8 Period Moving Average

ELMRA Stock   38.75  0.50  1.31%   
The 8 Period Moving Average forecasted value of Elmera Group ASA on the next trading day is expected to be 34.12 with a mean absolute deviation of 0.70 and the sum of the absolute errors of 37.70. Elmera Stock Forecast is based on your current time horizon.
  
An 8-period moving average forecast model for Elmera Group is based on an artificially constructed time series of Elmera Group 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.

Elmera Group 8 Period Moving Average Price Forecast For the 12th of December 2024

Given 90 days horizon, the 8 Period Moving Average forecasted value of Elmera Group ASA on the next trading day is expected to be 39.08 with a mean absolute deviation of 0.80, mean absolute percentage error of 1.31, and the sum of the absolute errors of 42.42.
Please note that although there have been many attempts to predict Elmera 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 Elmera Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Elmera Group Stock Forecast Pattern

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Elmera Group Forecasted Value

In the context of forecasting Elmera Group'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. Elmera Group's downside and upside margins for the forecasting period are 37.16 and 41.01, respectively. We have considered Elmera Group'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
38.75
39.08
Expected Value
41.01
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 Elmera Group stock data series using in forecasting. Note that when a statistical model is used to represent Elmera Group 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 Criteria103.6744
BiasArithmetic mean of the errors -0.5105
MADMean absolute deviation0.8004
MAPEMean absolute percentage error0.022
SAESum of the absolute errors42.4188
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. Elmera Group ASA 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Elmera Group

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elmera Group ASA. 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
36.8338.7540.67
Details
Intrinsic
Valuation
LowRealHigh
36.8738.7940.71
Details
Bollinger
Band Projection (param)
LowMiddleHigh
32.1436.9741.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Elmera Group. Your research has to be compared to or analyzed against Elmera Group's peers to derive any actionable benefits. When done correctly, Elmera Group'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 Elmera Group ASA.

Other Forecasting Options for Elmera Group

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

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

Elmera Group ASA 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 Elmera Group'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 Elmera Group's current price.

Elmera Group Market Strength Events

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

Elmera Group Risk Indicators

The analysis of Elmera Group'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 Elmera Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elmera 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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Other Information on Investing in Elmera Stock

Elmera Group financial ratios help investors to determine whether Elmera Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elmera with respect to the benefits of owning Elmera Group security.