JetBlue Airways Stock Forecast - Simple Exponential Smoothing
| JBLU Stock | USD 5.72 0.03 0.53% |
The Simple Exponential Smoothing forecasted value of JetBlue Airways Corp on the next trading day is expected to be 5.72 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.34. JetBlue Stock Forecast is based on your current time horizon.
JetBlue |
Open Interest Against 2024-09-27 JetBlue Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast JetBlue Airways' 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 JetBlue Airways' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for JetBlue Airways 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 JetBlue Airways' open interest, investors have to compare it to JetBlue Airways' 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 JetBlue Airways 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 JetBlue. 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.
JetBlue Airways Simple Exponential Smoothing Price Forecast For the 22nd of September
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of JetBlue Airways Corp on the next trading day is expected to be 5.72 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.07, and the sum of the absolute errors of 10.34.Please note that although there have been many attempts to predict JetBlue 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 JetBlue Airways' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
JetBlue Airways Stock Forecast Pattern
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JetBlue Airways Forecasted Value
In the context of forecasting JetBlue Airways' 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. JetBlue Airways' downside and upside margins for the forecasting period are 1.33 and 10.11, respectively. We have considered JetBlue Airways' 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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of JetBlue Airways stock data series using in forecasting. Note that when a statistical model is used to represent JetBlue Airways 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 | 115.4099 |
| Bias | Arithmetic mean of the errors | 3.0E-4 |
| MAD | Mean absolute deviation | 0.1695 |
| MAPE | Mean absolute percentage error | 0.03 |
| SAE | Sum of the absolute errors | 10.34 |
Predictive Modules for JetBlue Airways
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JetBlue Airways 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 JetBlue Airways' 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 JetBlue Airways
For every potential investor in JetBlue, whether a beginner or expert, JetBlue Airways' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. JetBlue Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in JetBlue. Basic forecasting techniques help filter out the noise by identifying JetBlue Airways' price trends.JetBlue Airways 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 JetBlue Airways stock to make a market-neutral strategy. Peer analysis of JetBlue Airways could also be used in its relative valuation, which is a method of valuing JetBlue Airways by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
JetBlue Airways 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 JetBlue Airways' 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 JetBlue Airways' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
JetBlue Airways Market Strength Events
Market strength indicators help investors to evaluate how JetBlue Airways stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JetBlue Airways shares will generate the highest return on investment. By undertsting and applying JetBlue Airways stock market strength indicators, traders can identify JetBlue Airways Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 689892.0 | |||
| Daily Balance Of Power | 0.2 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 5.67 | |||
| Day Typical Price | 5.68 | |||
| Price Action Indicator | 0.07 | |||
| Period Momentum Indicator | 0.03 |
JetBlue Airways Risk Indicators
The analysis of JetBlue Airways' 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 JetBlue Airways' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jetblue 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 | 2.83 | |||
| Semi Deviation | 5.14 | |||
| Standard Deviation | 4.3 | |||
| Variance | 18.48 | |||
| Downside Variance | 29.83 | |||
| Semi Variance | 26.4 | |||
| Expected Short fall | (2.57) |
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.
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Additional Tools for JetBlue Stock Analysis
When running JetBlue Airways' price analysis, check to measure JetBlue Airways' 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 JetBlue Airways is operating at the current time. Most of JetBlue Airways' value examination focuses on studying past and present price action to predict the probability of JetBlue Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JetBlue Airways' price. Additionally, you may evaluate how the addition of JetBlue Airways to your portfolios can decrease your overall portfolio volatility.