Godaddy Stock Forecast - Polynomial Regression

GDDY Stock  USD 114.91  1.91  1.69%   
Godaddy Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Godaddy stock prices and determine the direction of Godaddy's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Godaddy historical fundamentals such as revenue growth or operating cash flow patterns. Although Godaddy naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Godaddy systematic risk associated with finding meaningful patterns of Godaddy fundamentals over time.
Check out Historical Fundamental Analysis of Godaddy to cross-verify your projections.
For more information on how to buy Godaddy Stock please use our How to Invest in Godaddy guide.
  
At this time, Godaddy's Receivables Turnover is fairly stable as compared to the past year. Accounts Payable Turnover is likely to rise to 36.84 in 2024, whereas PPandE Turnover is likely to drop 13.26 in 2024. . Weighted Average Shares is likely to drop to about 162.6 M in 2024. Weighted Average Shares Diluted is likely to drop to about 170.5 M in 2024.

Open Interest Against 2024-03-01 Godaddy Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Godaddy'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 Godaddy's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Godaddy stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Godaddy's open interest, investors have to compare it to Godaddy'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 Godaddy 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 Godaddy. 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 Godaddy 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 Godaddy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Godaddy's price structures and extracts relationships that further increase the generated results' accuracy.
Godaddy polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Godaddy as well as the accuracy indicators are determined from the period prices.

Godaddy Polynomial Regression Price Forecast For the 26th of February

Given 90 days horizon, the Polynomial Regression forecasted value of Godaddy on the next trading day is expected to be 115.61 with a mean absolute deviation of 1.62, mean absolute percentage error of 4.12, and the sum of the absolute errors of 98.67.
Please note that although there have been many attempts to predict Godaddy 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 Godaddy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Godaddy Stock Forecast Pattern

Backtest GodaddyGodaddy Price PredictionBuy or Sell Advice 

Godaddy Forecasted Value

In the context of forecasting Godaddy'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. Godaddy's downside and upside margins for the forecasting period are 114.48 and 116.74, respectively. We have considered Godaddy'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.
Market Value
114.91
114.48
Downside
115.61
Expected Value
116.74
Upside

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 Godaddy stock data series using in forecasting. Note that when a statistical model is used to represent Godaddy 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.
AICAkaike Information Criteria119.5255
BiasArithmetic mean of the errors None
MADMean absolute deviation1.6176
MAPEMean absolute percentage error0.0153
SAESum of the absolute errors98.6725
A single variable polynomial regression model attempts to put a curve through the Godaddy historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Godaddy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Godaddy. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Godaddy'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. Please use the tools below to analyze the current value of Godaddy in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
113.77114.91116.05
Details
Intrinsic
Valuation
LowRealHigh
103.42130.33131.47
Details
18 Analysts
Consensus
LowTargetHigh
84.0892.40102.56
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.710.951.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Godaddy. Your research has to be compared to or analyzed against Godaddy's peers to derive any actionable benefits. When done correctly, Godaddy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Godaddy.

Other Forecasting Options for Godaddy

For every potential investor in Godaddy, whether a beginner or expert, Godaddy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Godaddy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Godaddy. Basic forecasting techniques help filter out the noise by identifying Godaddy's price trends.

Godaddy 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 Godaddy stock to make a market-neutral strategy. Peer analysis of Godaddy could also be used in its relative valuation, which is a method of valuing Godaddy by comparing valuation metrics with similar companies.
SentinelOneBlackBerryGlobal Blue GroupAurora MobileMarqetaNextnav Acquisition CorpBlock IncZscalerVeritoneAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOne
 Risk & Return  Correlation

Godaddy 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 Godaddy'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 Godaddy's current price.

Godaddy Market Strength Events

Market strength indicators help investors to evaluate how Godaddy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Godaddy shares will generate the highest return on investment. By undertsting and applying Godaddy stock market strength indicators, traders can identify Godaddy entry and exit signals to maximize returns.

Godaddy Risk Indicators

The analysis of Godaddy's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Godaddy's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Godaddy stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Godaddy Investors Sentiment

The influence of Godaddy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Godaddy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Godaddy's public news can be used to forecast risks associated with an investment in Godaddy. The trend in average sentiment can be used to explain how an investor holding Godaddy can time the market purely based on public headlines and social activities around Godaddy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Godaddy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Godaddy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Godaddy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Godaddy.

Godaddy Implied Volatility

    
  32.06  
Godaddy's implied volatility exposes the market's sentiment of Godaddy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Godaddy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Godaddy stock will not fluctuate a lot when Godaddy's options are near their expiration.
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 Godaddy 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, Godaddy's short interest history, or implied volatility extrapolated from Godaddy options trading.

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When determining whether Godaddy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Godaddy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Godaddy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Godaddy Stock:
Check out Historical Fundamental Analysis of Godaddy to cross-verify your projections.
For more information on how to buy Godaddy Stock please use our How to Invest in Godaddy guide.
Note that the Godaddy information on this page should be used as a complementary analysis to other Godaddy'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Godaddy Stock analysis

When running Godaddy's price analysis, check to measure Godaddy'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 Godaddy is operating at the current time. Most of Godaddy's value examination focuses on studying past and present price action to predict the probability of Godaddy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Godaddy's price. Additionally, you may evaluate how the addition of Godaddy to your portfolios can decrease your overall portfolio volatility.
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Is Godaddy'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 Godaddy. If investors know Godaddy 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 Godaddy 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
12.082
Earnings Share
9.2
Revenue Per Share
28.687
Quarterly Revenue Growth
0.058
Return On Assets
0.0548
The market value of Godaddy is measured differently than its book value, which is the value of Godaddy that is recorded on the company's balance sheet. Investors also form their own opinion of Godaddy's value that differs from its market value or its book value, called intrinsic value, which is Godaddy'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 Godaddy's market value can be influenced by many factors that don't directly affect Godaddy'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 Godaddy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Godaddy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Godaddy'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.