Curo Group Stock Forecast - Polynomial Regression
| CURO Stock | USD 0.06 0.02 24.87% |
The Polynomial Regression forecasted value of Curo Group Holdings on the next trading day is expected to be 0.22 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.93. Curo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Curo Group stock prices and determine the direction of Curo Group Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Curo Group's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Curo Group's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Curo Group's systematic risk associated with finding meaningful patterns of Curo Group fundamentals over time.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. Curo |
Open Interest Against 2024-04-19 Curo Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Curo Group'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 Curo Group's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Curo Group 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 Curo Group's open interest, investors have to compare it to Curo Group'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 Curo Group 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 Curo. 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 Curo Group 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 Curo Group's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Curo Group's price structures and extracts relationships that further increase the generated results' accuracy.
Curo Group polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Curo Group Holdings as well as the accuracy indicators are determined from the period prices. Curo Group Polynomial Regression Price Forecast For the 19th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Curo Group Holdings on the next trading day is expected to be 0.22 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.93.Please note that although there have been many attempts to predict Curo 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 Curo Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Curo Group Stock Forecast Pattern
| Backtest Curo Group | Curo Group Price Prediction | Buy or Sell Advice |
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 Curo Group stock data series using in forecasting. Note that when a statistical model is used to represent Curo Group 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 | 113.9339 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0972 |
| MAPE | Mean absolute percentage error | 0.3582 |
| SAE | Sum of the absolute errors | 5.9306 |
Predictive Modules for Curo Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Curo Group Holdings. 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 Curo Group'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.
Curo Group 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 Curo Group stock to make a market-neutral strategy. Peer analysis of Curo Group could also be used in its relative valuation, which is a method of valuing Curo Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Curo Group Market Strength Events
Market strength indicators help investors to evaluate how Curo Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Curo Group shares will generate the highest return on investment. By undertsting and applying Curo Group stock market strength indicators, traders can identify Curo Group Holdings entry and exit signals to maximize returns.
Curo Group Risk Indicators
The analysis of Curo Group'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 Curo Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting curo 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 | 9.48 | |||
| Standard Deviation | 15.15 | |||
| Variance | 229.38 |
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 Curo Group
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 Curo Group 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 Curo Group will appreciate offsetting losses from the drop in the long position's value.Moving against Curo Stock
| 0.89 | SCHW | Charles Schwab Corp Financial Report 16th of July 2024 | PairCorr |
| 0.88 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.87 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.78 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
| 0.78 | LU | Lufax Holding Financial Report 27th of May 2024 | PairCorr |
The ability to find closely correlated positions to Curo Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Curo Group 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 Curo Group - 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 Curo Group Holdings to buy it.
The correlation of Curo Group 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 Curo Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Curo Group Holdings 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 Curo Group 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Curo Stock analysis
When running Curo Group's price analysis, check to measure Curo Group'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 Curo Group is operating at the current time. Most of Curo Group's value examination focuses on studying past and present price action to predict the probability of Curo Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Curo Group's price. Additionally, you may evaluate how the addition of Curo Group to your portfolios can decrease your overall portfolio volatility.
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Is Curo Group'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 Curo Group. If investors know Curo 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 Curo Group 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 (0.95) | Earnings Share (4.53) | Revenue Per Share 5.961 | Quarterly Revenue Growth (0.23) | Return On Assets (0.08) |
The market value of Curo Group Holdings is measured differently than its book value, which is the value of Curo that is recorded on the company's balance sheet. Investors also form their own opinion of Curo Group's value that differs from its market value or its book value, called intrinsic value, which is Curo Group'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 Curo Group's market value can be influenced by many factors that don't directly affect Curo Group'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 Curo Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Curo Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Curo Group'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.