Brookfield Business Stock Forecast - Polynomial Regression
| BBU Stock | USD 19.75 0.09 0.46% |
The Polynomial Regression forecasted value of Brookfield Business Partners on the next trading day is expected to be 19.14 with a mean absolute deviation of 0.55 and the sum of the absolute errors of 34.06. Brookfield Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Brookfield Business stock prices and determine the direction of Brookfield Business Partners's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Brookfield Business' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Brookfield Business' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Brookfield Business' systematic risk associated with finding meaningful patterns of Brookfield Business fundamentals over time.
Check out Historical Fundamental Analysis of Brookfield Business to cross-verify your projections. Brookfield |
Open Interest Against 2024-05-17 Brookfield Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Brookfield Business' 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 Brookfield Business' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Brookfield Business 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 Brookfield Business' open interest, investors have to compare it to Brookfield Business' 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 Brookfield Business 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 Brookfield. 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 Brookfield Business 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 Brookfield Business' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Brookfield Business' price structures and extracts relationships that further increase the generated results' accuracy.
Brookfield Business polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Brookfield Business Partners as well as the accuracy indicators are determined from the period prices. Brookfield Business Polynomial Regression Price Forecast For the 25th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Brookfield Business Partners on the next trading day is expected to be 19.14 with a mean absolute deviation of 0.55, mean absolute percentage error of 0.39, and the sum of the absolute errors of 34.06.Please note that although there have been many attempts to predict Brookfield 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 Brookfield Business' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Brookfield Business Stock Forecast Pattern
| Backtest Brookfield Business | Brookfield Business Price Prediction | Buy or Sell Advice |
Brookfield Business Forecasted Value
In the context of forecasting Brookfield Business' 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. Brookfield Business' downside and upside margins for the forecasting period are 17.48 and 20.80, respectively. We have considered Brookfield Business' 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 Brookfield Business stock data series using in forecasting. Note that when a statistical model is used to represent Brookfield Business 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 | 119.0001 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5493 |
| MAPE | Mean absolute percentage error | 0.0256 |
| SAE | Sum of the absolute errors | 34.0564 |
Predictive Modules for Brookfield Business
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Brookfield Business. 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 Brookfield Business' 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 Brookfield Business
For every potential investor in Brookfield, whether a beginner or expert, Brookfield Business' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Brookfield Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Brookfield. Basic forecasting techniques help filter out the noise by identifying Brookfield Business' price trends.Brookfield Business 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 Brookfield Business stock to make a market-neutral strategy. Peer analysis of Brookfield Business could also be used in its relative valuation, which is a method of valuing Brookfield Business by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Brookfield Business 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 Brookfield Business' 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 Brookfield Business' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Brookfield Business Market Strength Events
Market strength indicators help investors to evaluate how Brookfield Business stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Brookfield Business shares will generate the highest return on investment. By undertsting and applying Brookfield Business stock market strength indicators, traders can identify Brookfield Business Partners entry and exit signals to maximize returns.
| Accumulation Distribution | 202.24 | |||
| Daily Balance Of Power | 0.2045 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 19.77 | |||
| Day Typical Price | 19.76 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.09 |
Brookfield Business Risk Indicators
The analysis of Brookfield Business' 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 Brookfield Business' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brookfield 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 | 1.24 | |||
| Standard Deviation | 1.7 | |||
| Variance | 2.89 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Brookfield Business in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Brookfield Business' short interest history, or implied volatility extrapolated from Brookfield Business options trading.
Pair Trading with Brookfield Business
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brookfield Business position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brookfield Business will appreciate offsetting losses from the drop in the long position's value.Moving against Brookfield Stock
| 0.64 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.55 | FIP | FTAI Infrastructure Earnings Call This Week | PairCorr |
| 0.53 | IGC | India Globalization | PairCorr |
| 0.48 | MLR | Miller Industries Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Brookfield Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Business when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brookfield Business - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brookfield Business Partners to buy it.
The correlation of Brookfield Business is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Business moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brookfield Business can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Brookfield Business to cross-verify your projections. Note that the Brookfield Business information on this page should be used as a complementary analysis to other Brookfield Business' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Brookfield Stock analysis
When running Brookfield Business' price analysis, check to measure Brookfield Business' 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 Brookfield Business is operating at the current time. Most of Brookfield Business' value examination focuses on studying past and present price action to predict the probability of Brookfield Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brookfield Business' price. Additionally, you may evaluate how the addition of Brookfield Business to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |
Is Brookfield Business' 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 Brookfield Business. If investors know Brookfield 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 Brookfield Business 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 2.145 | Dividend Share 0.25 | Earnings Share 6.49 | Revenue Per Share 253.838 | Quarterly Revenue Growth (0.08) |
The market value of Brookfield Business is measured differently than its book value, which is the value of Brookfield that is recorded on the company's balance sheet. Investors also form their own opinion of Brookfield Business' value that differs from its market value or its book value, called intrinsic value, which is Brookfield Business' 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 Brookfield Business' market value can be influenced by many factors that don't directly affect Brookfield Business' 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 Brookfield Business' value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookfield Business is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookfield Business' 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.