Rite Aid Stock Forecast - 20 Period Moving Average
| RADDelisted Stock | USD 0.17 0.01 5.56% |
The 20 Period Moving Average forecasted value of Rite Aid on the next trading day is expected to be 0.21 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 3.51. Rite Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Rite Aid stock prices and determine the direction of Rite Aid's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Rite Aid's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Rite |
Most investors in Rite Aid 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 Rite Aid's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Rite Aid's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Rite Aid is based on a synthetically constructed Rite Aiddaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Rite Aid 20 Period Moving Average Price Forecast For the 20th of April
Given 90 days horizon, the 20 Period Moving Average forecasted value of Rite Aid on the next trading day is expected to be 0.21 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.02, and the sum of the absolute errors of 3.51.Please note that although there have been many attempts to predict Rite 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 Rite Aid's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Rite Aid Stock Forecast Pattern
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Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Rite Aid stock data series using in forecasting. Note that when a statistical model is used to represent Rite Aid 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 | 77.1612 |
| Bias | Arithmetic mean of the errors | 0.0784 |
| MAD | Mean absolute deviation | 0.0856 |
| MAPE | Mean absolute percentage error | 0.3829 |
| SAE | Sum of the absolute errors | 3.5115 |
Predictive Modules for Rite Aid
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rite Aid. 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 Rite Aid'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.
Rite Aid 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 Rite Aid stock to make a market-neutral strategy. Peer analysis of Rite Aid could also be used in its relative valuation, which is a method of valuing Rite Aid by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Rite Aid Market Strength Events
Market strength indicators help investors to evaluate how Rite Aid stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rite Aid shares will generate the highest return on investment. By undertsting and applying Rite Aid stock market strength indicators, traders can identify Rite Aid entry and exit signals to maximize returns.
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 Rite Aid 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, Rite Aid's short interest history, or implied volatility extrapolated from Rite Aid options trading.
Currently Active Assets on Macroaxis
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Rite Aid information on this page should be used as a complementary analysis to other Rite Aid'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Other Consideration for investing in Rite Stock
If you are still planning to invest in Rite Aid check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Rite Aid's history and understand the potential risks before investing.
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