Omnicom Stock Forecast - Naive Prediction

OMC Stock  USD 92.04  4.41  5.03%   
Omnicom Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Omnicom historical stock prices and determine the direction of Omnicom Group'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 Omnicom historical fundamentals such as revenue growth or operating cash flow patterns. Although Omnicom naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Omnicom Group systematic risk associated with finding meaningful patterns of Omnicom fundamentals over time.
Please check Historical Fundamental Analysis of Omnicom to cross-verify your projections.
  
Omnicom PPandE Turnover is projected to slightly decrease based on the last few years of reporting. The past year's PPandE Turnover was at 16.31. The current year Receivables Turnover is expected to grow to 2.24, whereas Accrued Expenses Turnover is forecasted to decline to 48.69. . Omnicom Weighted Average Shares is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 246.44 Million. The current year Weighted Average Shares Diluted is expected to grow to about 273.8 M, whereas Issuance Purchase of Equity Shares is forecasted to decline to (749.1 M).

Open Interest Agains t 2023-02-17 Omnicom Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Omnicom'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 Omnicom's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Omnicom 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 Omnicom's open interest, investors have to compare it to Omnicom'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 Omnicom 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 Omnicom. 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 Omnicom 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 Omnicom's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Omnicom's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Omnicom is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Omnicom Group 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.

Omnicom Naive Prediction Price Forecast For the 4th of February

Given 90 days horizon, the Naive Prediction forecasted value of Omnicom Group on the next trading day is expected to be 93.13 with a mean absolute deviation of 1.23, mean absolute percentage error of 2.09, and the sum of the absolute errors of 76.31.
Please note that although there have been many attempts to predict Omnicom 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 Omnicom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Omnicom Stock Forecast Pattern

Backtest OmnicomOmnicom Price PredictionBuy or Sell Advice 

Omnicom Forecasted Value

In the context of forecasting Omnicom'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. Omnicom's downside and upside margins for the forecasting period are 91.63 and 94.63, respectively. We have considered Omnicom'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 92.04
93.13
Expected Value
94.63
Upside

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 Omnicom stock data series using in forecasting. Note that when a statistical model is used to represent Omnicom 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 Criteria120.684
BiasArithmetic mean of the errors None
MADMean absolute deviation1.2309
MAPEMean absolute percentage error0.0154
SAESum of the absolute errors76.3142
This model is not at all useful as a medium-long range forecasting tool of Omnicom Group. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Omnicom. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Omnicom

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Omnicom Group. 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 Omnicom'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 Omnicom in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
90.6292.1293.62
Details
Intrinsic
Valuation
LowReal ValueHigh
89.4090.9092.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
80.7585.6390.50
Details
5 Analysts
Consensus
LowTarget PriceHigh
66.0079.3394.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Omnicom. Your research has to be compared to or analyzed against Omnicom's peers to derive any actionable benefits. When done correctly, Omnicom's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Omnicom Group.

Other Forecasting Options for Omnicom

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

Omnicom 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 Omnicom stock to make a market-neutral strategy. Peer analysis of Omnicom could also be used in its relative valuation, which is a method of valuing Omnicom by comparing valuation metrics with similar companies.
Virginia NationalAlpine BanksSBM Offshore NVCharoen Pokphand FoodsDirect CommunicationCal-Maine FoodsPartner CommunicationsAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

Omnicom Group 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 Omnicom'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 Omnicom's current price.

Omnicom Market Strength Events

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

Omnicom Risk Indicators

The analysis of Omnicom'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 Omnicom's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Omnicom 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.

Omnicom Investors Sentiment

The influence of Omnicom'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 Omnicom. 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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Omnicom's public news can be used to forecast risks associated with investment in Omnicom. The trend in average sentiment can be used to explain how an investor holding Omnicom can time the market purely based on public headlines and social activities around Omnicom Group. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Omnicom'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 Omnicom'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 Omnicom's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Omnicom.
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 Omnicom 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, Omnicom's short interest history, or implied volatility extrapolated from Omnicom options trading.

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Please check Historical Fundamental Analysis of Omnicom to cross-verify your projections. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Omnicom Group price analysis, check to measure Omnicom'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 Omnicom is operating at the current time. Most of Omnicom's value examination focuses on studying past and present price action to predict the probability of Omnicom's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Omnicom's price. Additionally, you may evaluate how the addition of Omnicom to your portfolios can decrease your overall portfolio volatility.
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Is Omnicom'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 Omnicom. If investors know Omnicom 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 Omnicom 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
0.073
Market Capitalization
17.9 B
Quarterly Revenue Growth
0.002
Return On Assets
0.0538
Return On Equity
0.3643
The market value of Omnicom Group is measured differently than its book value, which is the value of Omnicom that is recorded on the company's balance sheet. Investors also form their own opinion of Omnicom's value that differs from its market value or its book value, called intrinsic value, which is Omnicom'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 Omnicom's market value can be influenced by many factors that don't directly affect Omnicom'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 Omnicom's value and its price as these two are different measures arrived at by different means. Investors typically determine Omnicom value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omnicom'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.