Entravision Communications Stock Forward View - Polynomial Regression
| EVC Stock | USD 3.02 -0.02 -0.66% |
This reference view applies Polynomial Regression to Entravision Communications's historical closing prices. Entravision Communications's Polynomial Regression reference page summarizes the forecasted price and model accuracy metrics from daily trading data.
The Polynomial Regression forecasted value of Entravision Communications on the next trading day is expected to be 3.17 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.91.A single variable polynomial regression model attempts to put a curve through the Entravision Communications historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm All forecast values on this page for Entravision Communications are Polynomial Regression reference data derived from historical price series. Polynomial Regression Price Forecast For the 28th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Entravision Communications on the next trading day is expected to be 3.17 with a mean absolute deviation of 0.08 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 4.91 .Please note that although there have been many attempts to predict Entravision 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 Entravision Communications' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Entravision Communications | Entravision Communications Price Prediction | Research Analysis |
Forecasted Value
Forecasting Entravision Communications 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 0.03 and upside around 6.41 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Entravision Communications stock data series using in forecasting. Note that when a statistical model is used to represent Entravision Communications 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 | 113.654 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0805 |
| MAPE | Mean absolute percentage error | 0.0264 |
| SAE | Sum of the absolute errors | 4.9134 |
Other Forecasting Options for Entravision Communications
Volume-weighted price analysis for Entravision Stock gives heavier weight to price levels where trading activity was highest. Crossovers in the MACD line and signal line can identify shifts in Entravision momentum before they appear in raw price.Entravision Communications Related Equities
Investors studying Entravision Communications often look at related stocks within the Communication Services space to gauge pricing and results. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across Entravision Communications' peer group. When Entravision Communications breaks from its peer group on a key metric, it often signals a firm-level change worth exploring.
| Risk & Return | Correlation |
Entravision Communications Market Strength Events
Evaluating the market strength of Entravision Communications stock allows investors to gauge shifts in market momentum. Monitoring these indicators highlights periods where Entravision Communications trading conditions shift meaningfully.
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 3.02 | |||
| Day Typical Price | 3.02 | |||
| Price Action Indicator | -0.01 | |||
| Period Momentum Indicator | -0.02 | |||
| Relative Strength Index | 50.57 |
Entravision Communications Risk Indicators
Understanding Entravision Communications' risk indicators is essential for any investor seeking to forecast its future price accurately. By identifying how much risk is embedded in Entravision Communications' investment, investors can decide how to position their exposure.
| Mean Deviation | 2.15 | |||
| Semi Deviation | 2.59 | |||
| Standard Deviation | 3.19 | |||
| Variance | 10.17 | |||
| Downside Variance | 7.53 | |||
| Semi Variance | 6.73 | |||
| Expected Short fall | -2.63 |
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 Entravision Communications
A coverage review of Entravision Communications shows when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage separates durable relevance from temporary noise.
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Entravision Communications Short Properties
Short-interest signals around Entravision Communications 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 | 91.1 M | |
| Cash And Short Term Investments | 63.2 M |