EuroDry Stock Forward View - Simple Exponential Smoothing
| EDRY Stock | USD 19.26 0.56 2.99% |
The Simple Exponential Smoothing reference data for EuroDry is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes. All values shown are derived from publicly available market data.
The Simple Exponential Smoothing forecasted value of EuroDry on the next trading day is expected to be 19.26 with a mean absolute deviation of 0.60 and the sum of the absolute errors of 36.12.This simple exponential smoothing model begins by setting EuroDry forecast for the second period equal to the observation of the first period. In other words, recent EuroDry observations are given relatively more weight in forecasting than the older observations. The forecast reference data presented here for EuroDry reflects Simple Exponential Smoothing model output and is intended as reference material for analytical use. Simple Exponential Smoothing Price Forecast For the 28th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of EuroDry on the next trading day is expected to be 19.26 with a mean absolute deviation of 0.60 , mean absolute percentage error of 0.64 , and the sum of the absolute errors of 36.12 .Please note that although there have been many attempts to predict EuroDry Stock 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 EuroDry's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
Forecasting EuroDry for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. At the moment, the model places downside around 14.69 and upside around 23.83 for the forecasting period.
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 EuroDry stock data series using in forecasting. Note that when a statistical model is used to represent EuroDry 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 | 115.82 |
| Bias | Arithmetic mean of the errors | -0.1003 |
| MAD | Mean absolute deviation | 0.602 |
| MAPE | Mean absolute percentage error | 0.0348 |
| SAE | Sum of the absolute errors | 36.12 |
Other Forecasting Options for EuroDry
Fibonacci retracement levels applied to EuroDry Stock price swings identify potential support and resistance zones. Extreme price moves in EuroDry occur more frequently than standard risk models assume. Support and resistance levels derived from EuroDry's historical data identify zones where buying or selling pressure has stalled moves. A volume spike without a corresponding price move can signal accumulation or distribution ahead of a directional breakout.EuroDry Related Equities
These related stocks within the Industrials space give benchmarks for judging EuroDry's results, margins, and growth trend. Growth rate gaps between EuroDry and its peers often explain pricing differences in the market. When EuroDry breaks from its peer group on a key metric, it often signals a firm-level change worth exploring. This peer set gives the context needed for a well-rounded view of EuroDry.
| Risk & Return | Correlation |
EuroDry Market Strength Events
Tracking market strength indicators for EuroDry provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading EuroDry is likely to be most rewarding. These tools are essential for timing trades in EuroDry with a quantitative framework. Market strength indicators for EuroDry are most useful when viewed as part of a broader analytical framework.
EuroDry Risk Indicators
Properly assessing EuroDry's risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding EuroDry's. Analyzing EuroDry's risk indicators provides a critical input for investment risk management. By quantifying the risk in EuroDry's investment, investors can make more informed decisions about hedging strategies.
| Mean Deviation | 3.34 | |||
| Semi Deviation | 3.42 | |||
| Standard Deviation | 4.42 | |||
| Variance | 19.55 | |||
| Downside Variance | 14.5 | |||
| Semi Variance | 11.72 | |||
| Expected Short fall | -3.84 |
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 EuroDry
The amount of media and story coverage tied to EuroDry can signal where market attention is concentrating at the moment. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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EuroDry Short Properties
Short-interest signals around EuroDry can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 2.8 M | |
| Cash And Short Term Investments | 22.5 M |