Enact Holdings Etf Forward View - Simple Exponential Smoothing
| ACT Etf | USD 40.21 -0.43 -1.06% |
The Simple Exponential Smoothing forecast reference data for Enact Holdings is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Simple Exponential Smoothing forecasted value of Enact Holdings on the next trading day is expected to be 40.21 with a mean absolute deviation of 0.49 and the sum of the absolute errors of 30.12.This simple exponential smoothing model begins by setting Enact Holdings forecast for the second period equal to the observation of the first period. In other words, recent Enact Holdings observations are given relatively more weight in forecasting than the older observations. All Simple Exponential Smoothing forecast figures shown for Enact Holdings are reference data reflecting model output based on available historical prices. Simple Exponential Smoothing Price Forecast For the 22nd of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Enact Holdings on the next trading day is expected to be 40.21 with a mean absolute deviation of 0.49 , mean absolute percentage error of 0.53 , and the sum of the absolute errors of 30.12 .Please note that although there have been many attempts to predict Enact Etf prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Enact Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates Enact Holdings' predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 38.39 and upside near 42.03.
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 Enact Holdings etf data series using in forecasting. Note that when a statistical model is used to represent Enact Holdings etf, 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 | 117.478 |
| Bias | Arithmetic mean of the errors | -0.001 |
| MAD | Mean absolute deviation | 0.4938 |
| MAPE | Mean absolute percentage error | 0.0121 |
| SAE | Sum of the absolute errors | 30.12 |
Other Forecasting Options for Enact Holdings
Whether a novice or experienced investor, anyone considering Enact needs to understand the dynamics of Enact Holdings' price movement. Price charts for Enact Etf contain a significant amount of noise that can distort investment decisions.Enact Holdings Related Equities
The following equities are related to Enact Holdings within the Financials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Enact Holdings against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Enact Holdings Market Strength Events
Analyzing market strength indicators for Enact Holdings enables investors to understand how the etf performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in Enact Holdings.
| Accumulation Distribution | 20789.4 | |||
| Daily Balance Of Power | -0.51 | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 40.36 | |||
| Day Typical Price | 40.31 | |||
| Price Action Indicator | -0.36 | |||
| Period Momentum Indicator | -0.43 |
Enact Holdings Risk Indicators
Identifying and analyzing Enact Holdings' key risk indicators is a foundational step in projecting how its price may evolve. This process quantifies the risk associated with Enact Holdings' and decide how to manage it.
| Mean Deviation | 1.18 | |||
| Semi Deviation | 1.43 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.1 | |||
| Downside Variance | 2.12 | |||
| Semi Variance | 2.04 | |||
| Expected Short fall | -1.27 |
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.
Story Coverage note for Enact Holdings
The amount of media and story coverage tied to Enact Holdings can signal where market attention is concentrating at the moment. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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Enact Holdings Short Properties
Reviewing short-oriented indicators for Enact Holdings is useful because long and short participants often create very different signals for timing and volatility. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 149.3 M | |
| Cash And Short Term Investments | 582.5 M |
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Other Information on Investing in Enact Etf
Financial ratios for Enact Holdings show relationships between important financial metrics. They frame financial performance across earnings, cash flow, and valuation.