GameStop Corp Stock Forecast - Simple Regression

GME Stock  USD 12.52  0.65  4.94%   
The Simple Regression forecasted value of GameStop Corp on the next trading day is expected to be 13.67 with a mean absolute deviation of  0.60  and the sum of the absolute errors of 37.18. GameStop Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GameStop Corp stock prices and determine the direction of GameStop Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of GameStop Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although GameStop Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of GameStop Corp's systematic risk associated with finding meaningful patterns of GameStop Corp fundamentals over time.
Check out Historical Fundamental Analysis of GameStop Corp to cross-verify your projections.
For information on how to trade GameStop Stock refer to our How to Trade GameStop Stock guide.
  
At present, GameStop Corp's Receivables Turnover is projected to decrease significantly based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 2.19, whereas Inventory Turnover is forecasted to decline to 5.70. . The current year's Common Stock Shares Outstanding is expected to grow to about 355.3 M, whereas Net Loss is projected to grow to (267.7 M).

Open Interest Against 2024-04-05 GameStop Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast GameStop Corp'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 GameStop Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for GameStop Corp 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 GameStop Corp's open interest, investors have to compare it to GameStop Corp'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 GameStop Corp 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 GameStop. 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 GameStop Corp 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 GameStop Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets GameStop Corp's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through GameStop Corp price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

GameStop Corp Simple Regression Price Forecast For the 30th of March

Given 90 days horizon, the Simple Regression forecasted value of GameStop Corp on the next trading day is expected to be 13.67 with a mean absolute deviation of 0.60, mean absolute percentage error of 0.55, and the sum of the absolute errors of 37.18.
Please note that although there have been many attempts to predict GameStop 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 GameStop Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

GameStop Corp Stock Forecast Pattern

Backtest GameStop CorpGameStop Corp Price PredictionBuy or Sell Advice 

GameStop Corp Forecasted Value

In the context of forecasting GameStop Corp'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. GameStop Corp's downside and upside margins for the forecasting period are 9.76 and 17.58, respectively. We have considered GameStop Corp'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
12.52
13.67
Expected Value
17.58
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of GameStop Corp stock data series using in forecasting. Note that when a statistical model is used to represent GameStop Corp 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 Criteria119.3427
BiasArithmetic mean of the errors None
MADMean absolute deviation0.5997
MAPEMean absolute percentage error0.0414
SAESum of the absolute errors37.1794
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as GameStop Corp historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for GameStop Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GameStop Corp. 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 GameStop Corp'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.
Hype
Prediction
LowEstimatedHigh
8.6012.5216.44
Details
Intrinsic
Valuation
LowRealHigh
9.3613.2817.20
Details
Bollinger
Band Projection (param)
LowMiddleHigh
12.7414.3115.88
Details
1 Analysts
Consensus
LowTargetHigh
11.8313.0014.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GameStop Corp. Your research has to be compared to or analyzed against GameStop Corp's peers to derive any actionable benefits. When done correctly, GameStop Corp'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 GameStop Corp.

Other Forecasting Options for GameStop Corp

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

GameStop Corp 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 GameStop Corp stock to make a market-neutral strategy. Peer analysis of GameStop Corp could also be used in its relative valuation, which is a method of valuing GameStop Corp by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

GameStop Corp 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 GameStop Corp'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 GameStop Corp's current price.

GameStop Corp Market Strength Events

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

GameStop Corp Risk Indicators

The analysis of GameStop Corp'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 GameStop Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gamestop 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.
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.

GameStop Corp Investors Sentiment

The influence of GameStop Corp'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 GameStop. 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 GameStop Corp's public news can be used to forecast risks associated with an investment in GameStop. The trend in average sentiment can be used to explain how an investor holding GameStop can time the market purely based on public headlines and social activities around GameStop Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
GameStop Corp'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 GameStop Corp'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 GameStop Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on GameStop Corp.

GameStop Corp Implied Volatility

    
  94.76  
GameStop Corp's implied volatility exposes the market's sentiment of GameStop Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if GameStop Corp'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 GameStop Corp stock will not fluctuate a lot when GameStop Corp'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 GameStop Corp 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, GameStop Corp's short interest history, or implied volatility extrapolated from GameStop Corp options trading.

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When determining whether GameStop Corp is a strong investment it is important to analyze GameStop Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GameStop Corp's future performance. For an informed investment choice regarding GameStop Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of GameStop Corp to cross-verify your projections.
For information on how to trade GameStop Stock refer to our How to Trade GameStop Stock guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running GameStop Corp's price analysis, check to measure GameStop Corp'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 GameStop Corp is operating at the current time. Most of GameStop Corp's value examination focuses on studying past and present price action to predict the probability of GameStop Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GameStop Corp's price. Additionally, you may evaluate how the addition of GameStop Corp to your portfolios can decrease your overall portfolio volatility.
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Is GameStop Corp'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 GameStop Corp. If investors know GameStop 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 GameStop Corp 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
0.259
Earnings Share
0.02
Revenue Per Share
17.282
Quarterly Revenue Growth
(0.19)
Return On Assets
(0.01)
The market value of GameStop Corp is measured differently than its book value, which is the value of GameStop that is recorded on the company's balance sheet. Investors also form their own opinion of GameStop Corp's value that differs from its market value or its book value, called intrinsic value, which is GameStop Corp'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 GameStop Corp's market value can be influenced by many factors that don't directly affect GameStop Corp'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 GameStop Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GameStop Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GameStop Corp'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.