ECCX Eagle Point Credit Company Inc. 6.6875% Notes due 2028 (Forecast)

Outlook: Eagle Point Credit Company Inc. 6.6875% Notes due 2028 assigned short-term B1 & long-term B1 forecasted stock rating.
Dominant Strategy : Buy
Time series to forecast n: 15 Dec 2022 for (n+16 weeks)
Methodology : Modular Neural Network (CNN Layer)

Abstract

Recently, a lot of interesting work has been done in the area of applying Machine Learning Algorithms for analyzing price patterns and predicting stock prices and index changes. Most stock traders nowadays depend on Intelligent Trading Systems which help them in predicting prices based on various situations and conditions, thereby helping them in making instantaneous investment decisions.(Kim, S., Ku, S., Chang, W. and Song, J.W., 2020. Predicting the direction of US stock prices using effective transfer entropy and machine learning techniques. IEEE Access, 8, pp.111660-111682.) We evaluate Eagle Point Credit Company Inc. 6.6875% Notes due 2028 prediction models with Modular Neural Network (CNN Layer) and Factor^1,2,3,4 and conclude that the ECCX stock is predictable in the short/long term. According to price forecasts for (n+16 weeks) period, the dominant strategy among neural network is: Buy

Key Points

1. Why do we need predictive models?
2. Can neural networks predict stock market?
3. Can neural networks predict stock market?

ECCX Target Price Prediction Modeling Methodology

We consider Eagle Point Credit Company Inc. 6.6875% Notes due 2028 Decision Process with Modular Neural Network (CNN Layer) where A is the set of discrete actions of ECCX stock holders, F is the set of discrete states, P : S × F × S → R is the transition probability distribution, R : S × F → R is the reaction function, and γ ∈ [0, 1] is a move factor for expectation.^1,2,3,4

F(Factor)^5,6,7= $\begin{array}{cccc}{p}_{\mathrm{a}1}& p_{\mathrm{a}2}& \dots & p_{1n}\\ & ⋮\\ p_{j1}& p_{j2}& \dots & p_{jn}\\ & ⋮\\ p_{k1}& p_{k2}& \dots & p_{kn}\\ & ⋮\\ p_{n1}& p_{n2}& \dots & p_{nn}\end{array}$ X R(Modular Neural Network (CNN Layer)) X S(n):→ (n+16 weeks) $\sum _{i=1}^n\left(s_i\right)$

n:Time series to forecast

p:Price signals of ECCX stock

j:Nash equilibria (Neural Network)

k:Dominated move

a:Best response for target price

 

For further technical information as per how our model work we invite you to visit the article below: 

How do AC Investment Research machine learning (predictive) algorithms actually work?

ECCX Stock Forecast (Buy or Sell) for (n+16 weeks)

Sample Set: Neural Network
Stock/Index: ECCX Eagle Point Credit Company Inc. 6.6875% Notes due 2028
Time series to forecast n: 15 Dec 2022 for (n+16 weeks)

According to price forecasts for (n+16 weeks) period, the dominant strategy among neural network is: Buy

X axis: *Likelihood% (The higher the percentage value, the more likely the event will occur.)

Y axis: *Potential Impact% (The higher the percentage value, the more likely the price will deviate.)

Z axis (Grey to Black): *Technical Analysis%

Adjusted IFRS* Prediction Methods for Eagle Point Credit Company Inc. 6.6875% Notes due 2028

1. An entity shall apply Prepayment Features with Negative Compensation (Amendments to IFRS 9) retrospectively in accordance with IAS 8, except as specified in paragraphs 7.2.30–7.2.34
2. If, in applying paragraph 7.2.44, an entity reinstates a discontinued hedging relationship, the entity shall read references in paragraphs 6.9.11 and 6.9.12 to the date the alternative benchmark rate is designated as a noncontractually specified risk component for the first time as referring to the date of initial application of these amendments (ie the 24-month period for that alternative benchmark rate designated as a non-contractually specified risk component begins from the date of initial application of these amendments).
3. In some circumstances, the renegotiation or modification of the contractual cash flows of a financial asset can lead to the derecognition of the existing financial asset in accordance with this Standard. When the modification of a financial asset results in the derecognition of the existing financial asset and the subsequent recognition of the modified financial asset, the modified asset is considered a 'new' financial asset for the purposes of this Standard.
4. For example, an entity hedges an exposure to Foreign Currency A using a currency derivative that references Foreign Currency B and Foreign Currencies A and B are pegged (ie their exchange rate is maintained within a band or at an exchange rate set by a central bank or other authority). If the exchange rate between Foreign Currency A and Foreign Currency B were changed (ie a new band or rate was set), rebalancing the hedging relationship to reflect the new exchange rate would ensure that the hedging relationship would continue to meet the hedge effectiveness requirement for the hedge ratio in the new circumstances. In contrast, if there was a default on the currency derivative, changing the hedge ratio could not ensure that the hedging relationship would continue to meet that hedge effectiveness requirement. Hence, rebalancing does not facilitate the continuation of a hedging relationship in situations in which the relationship between the hedging instrument and the hedged item changes in a way that cannot be compensated for by adjusting the hedge ratio

*International Financial Reporting Standards (IFRS) are a set of accounting rules for the financial statements of public companies that are intended to make them consistent, transparent, and easily comparable around the world.

Conclusions

Eagle Point Credit Company Inc. 6.6875% Notes due 2028 assigned short-term B1 & long-term B1 forecasted stock rating. We evaluate the prediction models Modular Neural Network (CNN Layer) with Factor^1,2,3,4 and conclude that the ECCX stock is predictable in the short/long term. According to price forecasts for (n+16 weeks) period, the dominant strategy among neural network is: Buy

Financial State Forecast for ECCX Eagle Point Credit Company Inc. 6.6875% Notes due 2028 Options & Futures

Rating	Short-Term	Long-Term Senior
Outlook*	B1	B1
Operational Risk	71	73
Market Risk	33	40
Technical Analysis	78	85
Fundamental Analysis	73	60
Risk Unsystematic	57	32

Prediction Confidence Score

Trust metric by Neural Network: 81 out of 100 with 590 signals.

References

1. V. Mnih, A. P. Badia, M. Mirza, A. Graves, T. P. Lillicrap, T. Harley, D. Silver, and K. Kavukcuoglu. Asynchronous methods for deep reinforcement learning. In Proceedings of the 33nd International Conference on Machine Learning, ICML 2016, New York City, NY, USA, June 19-24, 2016, pages 1928–1937, 2016
2. Wu X, Kumar V, Quinlan JR, Ghosh J, Yang Q, et al. 2008. Top 10 algorithms in data mining. Knowl. Inform. Syst. 14:1–37
3. Ruiz FJ, Athey S, Blei DM. 2017. SHOPPER: a probabilistic model of consumer choice with substitutes and complements. arXiv:1711.03560 [stat.ML]
4. Miller A. 2002. Subset Selection in Regression. New York: CRC Press
5. Robins J, Rotnitzky A. 1995. Semiparametric efficiency in multivariate regression models with missing data. J. Am. Stat. Assoc. 90:122–29
6. Candès E, Tao T. 2007. The Dantzig selector: statistical estimation when p is much larger than n. Ann. Stat. 35:2313–51
7. Firth JR. 1957. A synopsis of linguistic theory 1930–1955. In Studies in Linguistic Analysis (Special Volume of the Philological Society), ed. JR Firth, pp. 1–32. Oxford, UK: Blackwell

Frequently Asked Questions

Q: What is the prediction methodology for ECCX stock?
A: ECCX stock prediction methodology: We evaluate the prediction models Modular Neural Network (CNN Layer) and Factor
Q: Is ECCX stock a buy or sell?
A: The dominant strategy among neural network is to Buy ECCX Stock.
Q: Is Eagle Point Credit Company Inc. 6.6875% Notes due 2028 stock a good investment?
A: The consensus rating for Eagle Point Credit Company Inc. 6.6875% Notes due 2028 is Buy and assigned short-term B1 & long-term B1 forecasted stock rating.
Q: What is the consensus rating of ECCX stock?
A: The consensus rating for ECCX is Buy.
Q: What is the prediction period for ECCX stock?
A: The prediction period for ECCX is (n+16 weeks)

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