Broadway Financial Stock Forecast - Naive Prediction
| BYFC Stock | USD 5.14 0.28 5.76% |
The Naive Prediction forecasted value of Broadway Financial on the next trading day is expected to be 5.35 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.47. Broadway Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Broadway Financial stock prices and determine the direction of Broadway Financial's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Broadway Financial's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Broadway Financial to cross-verify your projections. Broadway |
Most investors in Broadway Financial 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 Broadway Financial's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Broadway Financial's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Broadway Financial is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Broadway Financial 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. Broadway Financial Naive Prediction Price Forecast For the 26th of April
Given 90 days horizon, the Naive Prediction forecasted value of Broadway Financial on the next trading day is expected to be 5.35 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.47.Please note that although there have been many attempts to predict Broadway 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 Broadway Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Broadway Financial Stock Forecast Pattern
| Backtest Broadway Financial | Broadway Financial Price Prediction | Buy or Sell Advice |
Broadway Financial Forecasted Value
In the context of forecasting Broadway Financial'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. Broadway Financial's downside and upside margins for the forecasting period are 2.52 and 8.18, respectively. We have considered Broadway Financial'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 Broadway Financial stock data series using in forecasting. Note that when a statistical model is used to represent Broadway Financial 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 | 114.0302 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1061 |
| MAPE | Mean absolute percentage error | 0.0187 |
| SAE | Sum of the absolute errors | 6.47 |
Predictive Modules for Broadway Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Broadway Financial. 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 Broadway Financial'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 Broadway Financial
For every potential investor in Broadway, whether a beginner or expert, Broadway Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Broadway Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Broadway. Basic forecasting techniques help filter out the noise by identifying Broadway Financial's price trends.Broadway Financial 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 Broadway Financial stock to make a market-neutral strategy. Peer analysis of Broadway Financial could also be used in its relative valuation, which is a method of valuing Broadway Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Broadway Financial 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 Broadway Financial'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 Broadway Financial's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Broadway Financial Market Strength Events
Market strength indicators help investors to evaluate how Broadway Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Broadway Financial shares will generate the highest return on investment. By undertsting and applying Broadway Financial stock market strength indicators, traders can identify Broadway Financial entry and exit signals to maximize returns.
Broadway Financial Risk Indicators
The analysis of Broadway Financial'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 Broadway Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting broadway 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 | 2.05 | |||
| Standard Deviation | 2.83 | |||
| Variance | 8.01 |
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.
Pair Trading with Broadway Financial
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 Broadway Financial 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 Broadway Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Broadway Stock
| 0.62 | TECTP | Tectonic Financial | PairCorr |
| 0.59 | DB | Deutsche Bank AG Earnings Call Today | PairCorr |
| 0.48 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to Broadway Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadway Financial 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 Broadway Financial - 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 Broadway Financial to buy it.
The correlation of Broadway Financial 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 Broadway Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadway Financial 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 Broadway Financial 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 Broadway Financial to cross-verify your projections. For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.Note that the Broadway Financial information on this page should be used as a complementary analysis to other Broadway Financial's 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Broadway Stock analysis
When running Broadway Financial's price analysis, check to measure Broadway Financial'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 Broadway Financial is operating at the current time. Most of Broadway Financial's value examination focuses on studying past and present price action to predict the probability of Broadway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadway Financial's price. Additionally, you may evaluate how the addition of Broadway Financial to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |
Is Broadway Financial'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 Broadway Financial. If investors know Broadway 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 Broadway Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial'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 Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial'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 Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial'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.