ODP Corp Stock Forecast - Naive Prediction
| ODP Stock | USD 46.94 0.37 0.79% |
ODP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ODP Corp stock prices and determine the direction of ODP Corp'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 ODP Corp historical fundamentals such as revenue growth or operating cash flow patterns. Although ODP Corp naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of ODP Corp systematic risk associated with finding meaningful patterns of ODP Corp fundamentals over time.
Check out Historical Fundamental Analysis of ODP Corp to cross-verify your projections. ODP |
Open Interest Against 2023-12-15 ODP Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ODP 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 ODP Corp's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies ODP Corp 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 ODP Corp's open interest, investors have to compare it to ODP 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 ODP 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 ODP. 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 ODP 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 ODP Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ODP Corp's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for ODP Corp is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of ODP Corp 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. ODP Corp Naive Prediction Price Forecast For the 10th of December
Given 90 days horizon, the Naive Prediction forecasted value of ODP Corp on the next trading day is expected to be 46.17 with a mean absolute deviation of 1.00, mean absolute percentage error of 1.40, and the sum of the absolute errors of 62.03.Please note that although there have been many attempts to predict ODP 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 ODP Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ODP Corp Stock Forecast Pattern
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ODP Corp Forecasted Value
In the context of forecasting ODP 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. ODP Corp's downside and upside margins for the forecasting period are 44.24 and 48.11, respectively. We have considered ODP 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.
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 ODP Corp stock data series using in forecasting. Note that when a statistical model is used to represent ODP 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.| AIC | Akaike Information Criteria | 120.2863 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0004 |
| MAPE | Mean absolute percentage error | 0.0217 |
| SAE | Sum of the absolute errors | 62.0252 |
Predictive Modules for ODP 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 ODP Corp. 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 ODP 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. Please use the tools below to analyze the current value of ODP Corp in the context of predictive analytics.
Other Forecasting Options for ODP Corp
For every potential investor in ODP, whether a beginner or expert, ODP Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ODP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ODP. Basic forecasting techniques help filter out the noise by identifying ODP Corp's price trends.ODP 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 ODP Corp stock to make a market-neutral strategy. Peer analysis of ODP Corp could also be used in its relative valuation, which is a method of valuing ODP Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ODP 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 ODP 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 ODP Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ODP Corp Risk Indicators
The analysis of ODP Corp'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 ODP Corp's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting ODP Corp 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.
| Mean Deviation | 1.56 | |||
| Semi Deviation | 1.97 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.65 | |||
| Downside Variance | 4.0 | |||
| Semi Variance | 3.88 | |||
| Expected Short fall | (1.56) |
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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ODP Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Check out Historical Fundamental Analysis of ODP Corp to cross-verify your projections. To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide.Note that the ODP Corp information on this page should be used as a complementary analysis to other ODP Corp'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for ODP Stock analysis
When running ODP Corp's price analysis, check to measure ODP 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 ODP Corp is operating at the current time. Most of ODP Corp's value examination focuses on studying past and present price action to predict the probability of ODP 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 ODP Corp's price. Additionally, you may evaluate how the addition of ODP Corp to your portfolios can decrease your overall portfolio volatility.
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Is ODP 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 ODP Corp. If investors know ODP 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 ODP 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 0.316 | Earnings Share 5.15 | Revenue Per Share 200.765 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0406 |
The market value of ODP Corp is measured differently than its book value, which is the value of ODP that is recorded on the company's balance sheet. Investors also form their own opinion of ODP Corp's value that differs from its market value or its book value, called intrinsic value, which is ODP 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 ODP Corp's market value can be influenced by many factors that don't directly affect ODP 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 ODP Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ODP Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ODP 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.