Europris ASA Stock Forecast - Naive Prediction

Europris ASA Additional Predictive Modules

Most predictive techniques to examine Europris price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Europris using various technical indicators. When you analyze Europris charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. A naive forecasting model for Europris ASA is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Europris ASA 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.

Europris ASA Naive Prediction Price Forecast For the 30th of January

Given 90 days horizon, the Naive Prediction forecasted value of Europris ASA on the next trading day is expected to be 90.18 with a mean absolute deviation of 1.18, mean absolute percentage error of 2.53, and the sum of the absolute errors of 73.31.

Europris ASA Stock Forecast Pattern

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Europris ASA Forecasted Value

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 Europris ASA stock data series using in forecasting. Note that when a statistical model is used to represent Europris ASA 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. This model is not at all useful as a medium-long range forecasting tool of Europris ASA. 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 Europris ASA. 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 Europris ASA

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Europris ASA. 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 Low Estimated High 90.09 91.30 92.51 Details

Intrinsic Valuation Low Real High 90.62 91.83 93.04 Details

Bollinger Band Projection (param) Low Middle High 89.13 92.38 95.63 Details

Europris ASA After-Hype Price Density Analysis

Europris ASA Estimiated After-Hype Price Volatility

Europris ASA Stock Price Outlook Analysis

Notes

Europris ASA Hype Timeline

Europris ASA is currently traded for 91.30on Oslo Stock Exchange of Norway. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Europris is projected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is projected to be very small, whereas the daily expected return is currently at 0.08%. %. The volatility of related hype on Europris ASA is about 0.0%, with the expected price after the next announcement by competition of 91.30. About 54.0% of the company shares are held by institutions such as insurance companies. The book value of Europris ASA was currently reported as 18.4. The company has Price/Earnings To Growth (PEG) ratio of 0.83. Europris ASA recorded earning per share (EPS) of 6.78. The entity last dividend was issued on the 21st of April 2023. Assuming the 90 days trading horizon the next projected press release will be in a few days. Check out Historical Fundamental Analysis of Europris ASA to cross-verify your projections.

Europris ASA Related Hype Analysis

Other Forecasting Options for Europris ASA

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

Europris ASA Related Equities

Risk & Return

Correlation

Europris ASA Market Strength Events

Europris ASA Risk Indicators

Story Coverage note for Europris ASA

Other Macroaxis Stories

Europris ASA Short Properties

Other Information on Investing in Europris Stock