Werner Enterprises Stock Forecast - Simple Moving Average
| WE1 Stock | EUR 38.40 0.20 0.52% |
The Simple Moving Average forecasted value of Werner Enterprises on the next trading day is expected to be 38.40 with a mean absolute deviation of 0.52 and the sum of the absolute errors of 30.40. Werner Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Werner Enterprises' historical fundamentals, such as revenue growth or operating cash flow patterns.
Werner |
Werner Enterprises Simple Moving Average Price Forecast For the 5th of December
Given 90 days horizon, the Simple Moving Average forecasted value of Werner Enterprises on the next trading day is expected to be 38.40 with a mean absolute deviation of 0.52, mean absolute percentage error of 0.54, and the sum of the absolute errors of 30.40.Please note that although there have been many attempts to predict Werner 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 Werner Enterprises' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Werner Enterprises Stock Forecast Pattern
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Werner Enterprises Forecasted Value
In the context of forecasting Werner Enterprises' 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. Werner Enterprises' downside and upside margins for the forecasting period are 36.60 and 40.20, respectively. We have considered Werner Enterprises' 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Werner Enterprises stock data series using in forecasting. Note that when a statistical model is used to represent Werner Enterprises 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.| AIC | Akaike Information Criteria | 113.8124 |
| Bias | Arithmetic mean of the errors | -0.151 |
| MAD | Mean absolute deviation | 0.5153 |
| MAPE | Mean absolute percentage error | 0.0145 |
| SAE | Sum of the absolute errors | 30.4 |
Predictive Modules for Werner Enterprises
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Werner Enterprises. 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.Other Forecasting Options for Werner Enterprises
For every potential investor in Werner, whether a beginner or expert, Werner Enterprises' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Werner Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Werner. Basic forecasting techniques help filter out the noise by identifying Werner Enterprises' price trends.Werner Enterprises 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 Werner Enterprises stock to make a market-neutral strategy. Peer analysis of Werner Enterprises could also be used in its relative valuation, which is a method of valuing Werner Enterprises by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Werner Enterprises 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 Werner Enterprises' 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 Werner Enterprises' current price.| Cycle Indicators | ||
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| Volume Indicators |
Werner Enterprises Market Strength Events
Market strength indicators help investors to evaluate how Werner Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Werner Enterprises shares will generate the highest return on investment. By undertsting and applying Werner Enterprises stock market strength indicators, traders can identify Werner Enterprises entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 38.4 | |||
| Day Typical Price | 38.4 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 0.2 | |||
| Relative Strength Index | 52.88 |
Werner Enterprises Risk Indicators
The analysis of Werner Enterprises' 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 Werner Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting werner 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.
| Mean Deviation | 1.34 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.16 | |||
| Downside Variance | 1.89 | |||
| Semi Variance | 1.38 | |||
| Expected Short fall | (1.71) |
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 Werner Stock
When determining whether Werner Enterprises offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Werner Enterprises' 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 Werner Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Werner Enterprises Stock:Check out Historical Fundamental Analysis of Werner Enterprises to cross-verify your projections. For more detail on how to invest in Werner Stock please use our How to Invest in Werner Enterprises guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.