PennyMac Mortgage Stock Forecast - Polynomial Regression
| 8PM Stock | EUR 12.60 0.10 0.80% |
The Polynomial Regression forecasted value of PennyMac Mortgage Investment on the next trading day is expected to be 12.05 with a mean absolute deviation of 0.29 and the sum of the absolute errors of 17.98. PennyMac Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of PennyMac Mortgage's historical fundamentals, such as revenue growth or operating cash flow patterns.
PennyMac |
Most investors in PennyMac Mortgage cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the PennyMac Mortgage's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PennyMac Mortgage's price structures and extracts relationships that further increase the generated results' accuracy.
PennyMac Mortgage polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for PennyMac Mortgage Investment as well as the accuracy indicators are determined from the period prices. PennyMac Mortgage Polynomial Regression Price Forecast For the 13th of June 2024
Given 90 days horizon, the Polynomial Regression forecasted value of PennyMac Mortgage Investment on the next trading day is expected to be 12.05 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.12, and the sum of the absolute errors of 17.98.Please note that although there have been many attempts to predict PennyMac Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that PennyMac Mortgage's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
PennyMac Mortgage Stock Forecast Pattern
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PennyMac Mortgage Forecasted Value
In the context of forecasting PennyMac Mortgage's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. PennyMac Mortgage's downside and upside margins for the forecasting period are 10.38 and 13.72, respectively. We have considered PennyMac Mortgage's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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 PennyMac Mortgage stock data series using in forecasting. Note that when a statistical model is used to represent PennyMac Mortgage 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 | 115.9903 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2947 |
| MAPE | Mean absolute percentage error | 0.0228 |
| SAE | Sum of the absolute errors | 17.9765 |
Predictive Modules for PennyMac Mortgage
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PennyMac Mortgage. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PennyMac Mortgage's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for PennyMac Mortgage
For every potential investor in PennyMac, whether a beginner or expert, PennyMac Mortgage's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PennyMac Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PennyMac. Basic forecasting techniques help filter out the noise by identifying PennyMac Mortgage's price trends.PennyMac Mortgage Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PennyMac Mortgage stock to make a market-neutral strategy. Peer analysis of PennyMac Mortgage could also be used in its relative valuation, which is a method of valuing PennyMac Mortgage by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PennyMac Mortgage Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of PennyMac Mortgage's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of PennyMac Mortgage's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PennyMac Mortgage Market Strength Events
Market strength indicators help investors to evaluate how PennyMac Mortgage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PennyMac Mortgage shares will generate the highest return on investment. By undertsting and applying PennyMac Mortgage stock market strength indicators, traders can identify PennyMac Mortgage Investment entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 12.6 | |||
| Day Typical Price | 12.6 | |||
| Price Action Indicator | 0.05 | |||
| Period Momentum Indicator | 0.1 |
PennyMac Mortgage Risk Indicators
The analysis of PennyMac Mortgage's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in PennyMac Mortgage's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pennymac stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9809 | |||
| Semi Deviation | 1.72 | |||
| Standard Deviation | 1.6 | |||
| Variance | 2.57 | |||
| Downside Variance | 5.81 | |||
| Semi Variance | 2.96 | |||
| Expected Short fall | (1.18) |
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.
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Additional Information and Resources on Investing in PennyMac Stock
When determining whether PennyMac Mortgage is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennyMac Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennymac Mortgage Investment Stock. Highlighted below are key reports to facilitate an investment decision about Pennymac Mortgage Investment Stock:Check out Historical Fundamental Analysis of PennyMac Mortgage to cross-verify your projections. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.