Lamar Advertising Stock Forecast - Naive Prediction
| LAMR Stock | USD 110.64 0.64 0.58% |
The Naive Prediction forecasted value of Lamar Advertising on the next trading day is expected to be 110.62 with a mean absolute deviation of 1.12 and the sum of the absolute errors of 68.50. Lamar Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Lamar Advertising stock prices and determine the direction of Lamar Advertising's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Lamar Advertising's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Lamar Advertising's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Lamar Advertising's systematic risk associated with finding meaningful patterns of Lamar Advertising fundamentals over time.
Check out Historical Fundamental Analysis of Lamar Advertising to cross-verify your projections. Lamar |
Open Interest Against 2024-04-19 Lamar Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Lamar Advertising's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Lamar Advertising's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Lamar Advertising stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Lamar Advertising's open interest, investors have to compare it to Lamar Advertising's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Lamar Advertising is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Lamar. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Lamar Advertising 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 Lamar Advertising's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Lamar Advertising's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Lamar Advertising is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Lamar Advertising 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. Lamar Advertising Naive Prediction Price Forecast For the 19th of April
Given 90 days horizon, the Naive Prediction forecasted value of Lamar Advertising on the next trading day is expected to be 110.62 with a mean absolute deviation of 1.12, mean absolute percentage error of 2.14, and the sum of the absolute errors of 68.50.Please note that although there have been many attempts to predict Lamar 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 Lamar Advertising's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Lamar Advertising Stock Forecast Pattern
| Backtest Lamar Advertising | Lamar Advertising Price Prediction | Buy or Sell Advice |
Lamar Advertising Forecasted Value
In the context of forecasting Lamar Advertising'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. Lamar Advertising's downside and upside margins for the forecasting period are 109.13 and 112.11, respectively. We have considered Lamar Advertising'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Lamar Advertising stock data series using in forecasting. Note that when a statistical model is used to represent Lamar Advertising 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 | 118.8692 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1229 |
| MAPE | Mean absolute percentage error | 0.0101 |
| SAE | Sum of the absolute errors | 68.4995 |
Predictive Modules for Lamar Advertising
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lamar Advertising. 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 Lamar Advertising'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 Lamar Advertising
For every potential investor in Lamar, whether a beginner or expert, Lamar Advertising's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lamar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lamar. Basic forecasting techniques help filter out the noise by identifying Lamar Advertising's price trends.Lamar Advertising 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 Lamar Advertising stock to make a market-neutral strategy. Peer analysis of Lamar Advertising could also be used in its relative valuation, which is a method of valuing Lamar Advertising by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lamar Advertising 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 Lamar Advertising'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 Lamar Advertising's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Lamar Advertising Market Strength Events
Market strength indicators help investors to evaluate how Lamar Advertising stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lamar Advertising shares will generate the highest return on investment. By undertsting and applying Lamar Advertising stock market strength indicators, traders can identify Lamar Advertising entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0161 | |||
| Daily Balance Of Power | (0.35) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 111.45 | |||
| Day Typical Price | 111.18 | |||
| Market Facilitation Index | 1.81 | |||
| Price Action Indicator | (1.12) | |||
| Period Momentum Indicator | (0.64) |
Lamar Advertising Risk Indicators
The analysis of Lamar Advertising'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 Lamar Advertising's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lamar 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 | 1.09 | |||
| Semi Deviation | 1.39 | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.24 | |||
| Downside Variance | 2.25 | |||
| Semi Variance | 1.95 | |||
| Expected Short fall | (1.09) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Lamar Advertising to cross-verify your projections. To learn how to invest in Lamar Stock, please use our How to Invest in Lamar Advertising guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Lamar Stock analysis
When running Lamar Advertising's price analysis, check to measure Lamar Advertising's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lamar Advertising is operating at the current time. Most of Lamar Advertising's value examination focuses on studying past and present price action to predict the probability of Lamar Advertising's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lamar Advertising's price. Additionally, you may evaluate how the addition of Lamar Advertising to your portfolios can decrease your overall portfolio volatility.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |
Is Lamar Advertising's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lamar Advertising. If investors know Lamar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lamar Advertising listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.249 | Dividend Share 5 | Earnings Share 4.85 | Revenue Per Share 20.748 | Quarterly Revenue Growth 0.039 |
The market value of Lamar Advertising is measured differently than its book value, which is the value of Lamar that is recorded on the company's balance sheet. Investors also form their own opinion of Lamar Advertising's value that differs from its market value or its book value, called intrinsic value, which is Lamar Advertising's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lamar Advertising's market value can be influenced by many factors that don't directly affect Lamar Advertising's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lamar Advertising's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lamar Advertising is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lamar Advertising's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.