Ennogie Solar Stock Forecast - 20 Period Moving Average

ESG Stock   8.20  1.24  17.82%   
The 20 Period Moving Average forecasted value of Ennogie Solar Group on the next trading day is expected to be 6.87 with a mean absolute deviation of 1.01 and the sum of the absolute errors of 41.27. Ennogie Stock Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for Ennogie Solar Group is based on a synthetically constructed Ennogie Solardaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Ennogie Solar 20 Period Moving Average Price Forecast For the 3rd of December

Given 90 days horizon, the 20 Period Moving Average forecasted value of Ennogie Solar Group on the next trading day is expected to be 6.87 with a mean absolute deviation of 1.01, mean absolute percentage error of 1.19, and the sum of the absolute errors of 41.27.
Please note that although there have been many attempts to predict Ennogie 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 Ennogie Solar's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Ennogie Solar Stock Forecast Pattern

Backtest Ennogie SolarEnnogie Solar Price PredictionBuy or Sell Advice 

Ennogie Solar Forecasted Value

In the context of forecasting Ennogie Solar'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. Ennogie Solar's downside and upside margins for the forecasting period are 3.23 and 10.52, respectively. We have considered Ennogie Solar'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
8.20
6.87
Expected Value
10.52
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Ennogie Solar stock data series using in forecasting. Note that when a statistical model is used to represent Ennogie Solar 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 Criteria81.5274
BiasArithmetic mean of the errors 0.8695
MADMean absolute deviation1.0066
MAPEMean absolute percentage error0.1327
SAESum of the absolute errors41.272
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. Ennogie Solar Group 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Ennogie Solar

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ennogie Solar Group. 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
4.568.2011.84
Details
Intrinsic
Valuation
LowRealHigh
3.407.0410.68
Details

Other Forecasting Options for Ennogie Solar

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

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

Ennogie Solar Group 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 Ennogie Solar'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 Ennogie Solar's current price.

Ennogie Solar Market Strength Events

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

Ennogie Solar Risk Indicators

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

Pair Trading with Ennogie Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ennogie Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ennogie Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ennogie Stock

  0.76CONFRZ Conferize ASPairCorr
  0.74MONSO Monsenso ASPairCorr

Moving against Ennogie Stock

  0.89PFIKRB PFA Invest KreditoblPairCorr
The ability to find closely correlated positions to Ennogie Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ennogie Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ennogie Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ennogie Solar Group to buy it.
The correlation of Ennogie Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ennogie Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ennogie Solar Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ennogie Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Ennogie Stock

Ennogie Solar financial ratios help investors to determine whether Ennogie 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 Ennogie with respect to the benefits of owning Ennogie Solar security.