Enviri Stock Forecast - Naive Prediction

NVRI Stock   7.61  0.21  2.84%   
The Naive Prediction forecasted value of Enviri on the next trading day is expected to be 8.50 with a mean absolute deviation of 0.41 and the sum of the absolute errors of 24.75. Enviri Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Enviri's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of now, Enviri's Asset Turnover is decreasing as compared to previous years. . The current Common Stock Shares Outstanding is estimated to decrease to about 75 M. The Enviri's current Net Loss is estimated to increase to about (154 M).

Enviri Cash Forecast

Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Enviri's financial statements, enabling forecasts of their impact on future stock prices.
 
Cash  
First Reported
1985-12-31
Previous Quarter
107.5 M
Current Value
110.2 M
Quarterly Volatility
39.5 M
 
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Covid
A naive forecasting model for Enviri is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Enviri value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Enviri Naive Prediction Price Forecast For the 5th of December

Given 90 days horizon, the Naive Prediction forecasted value of Enviri on the next trading day is expected to be 8.50 with a mean absolute deviation of 0.41, mean absolute percentage error of 0.27, and the sum of the absolute errors of 24.75.
Please note that although there have been many attempts to predict Enviri 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 Enviri's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Enviri Stock Forecast Pattern

Backtest EnviriEnviri Price PredictionBuy or Sell Advice 

Enviri Forecasted Value

In the context of forecasting Enviri'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. Enviri's downside and upside margins for the forecasting period are 4.38 and 12.63, respectively. We have considered Enviri'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
7.61
8.50
Expected Value
12.63
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Enviri stock data series using in forecasting. Note that when a statistical model is used to represent Enviri 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 Criteria116.8024
BiasArithmetic mean of the errors None
MADMean absolute deviation0.4057
MAPEMean absolute percentage error0.0461
SAESum of the absolute errors24.7475
This model is not at all useful as a medium-long range forecasting tool of Enviri. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Enviri. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Enviri

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enviri. 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
3.417.5311.65
Details
Intrinsic
Valuation
LowRealHigh
4.999.1113.23
Details
4 Analysts
Consensus
LowTargetHigh
13.0914.3815.96
Details

Other Forecasting Options for Enviri

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

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

Enviri 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 Enviri'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 Enviri's current price.

Enviri Market Strength Events

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

Enviri Risk Indicators

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

When determining whether Enviri offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enviri'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 Enviri Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enviri Stock:
Check out Historical Fundamental Analysis of Enviri to cross-verify your projections.
For more detail on how to invest in Enviri Stock please use our How to Invest in Enviri guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enviri. If investors know Enviri will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enviri listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.71)
Earnings Share
(0.73)
Revenue Per Share
26.07
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0227
The market value of Enviri is measured differently than its book value, which is the value of Enviri that is recorded on the company's balance sheet. Investors also form their own opinion of Enviri's value that differs from its market value or its book value, called intrinsic value, which is Enviri's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enviri's market value can be influenced by many factors that don't directly affect Enviri's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enviri's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enviri is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enviri'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.