RPC Stock Forecast - Triple Exponential Smoothing

RES Stock  USD 7.69  0.13  1.72%   
The Triple Exponential Smoothing forecasted value of RPC Inc on the next trading day is expected to be 7.70 with a mean absolute deviation of  0.12  and the sum of the absolute errors of 6.97. RPC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast RPC stock prices and determine the direction of RPC Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of RPC's historical fundamentals, such as revenue growth or operating cash flow patterns. Although RPC's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of RPC's systematic risk associated with finding meaningful patterns of RPC fundamentals over time.
Check out Historical Fundamental Analysis of RPC to cross-verify your projections.
  
At this time, RPC's Fixed Asset Turnover is comparatively stable compared to the past year. Receivables Turnover is likely to gain to 6.07 in 2024, whereas Inventory Turnover is likely to drop 8.10 in 2024. . Net Income Applicable To Common Shares is likely to gain to about 206.4 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 172.7 M in 2024.

Open Interest Against 2024-04-19 RPC Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast RPC'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 RPC's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for RPC 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 RPC's open interest, investors have to compare it to RPC'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 RPC 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 RPC. 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 RPC 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 RPC's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets RPC's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for RPC - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When RPC prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in RPC price movement. However, neither of these exponential smoothing models address any seasonality of RPC Inc.

RPC Triple Exponential Smoothing Price Forecast For the 29th of March

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of RPC Inc on the next trading day is expected to be 7.70 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.97.
Please note that although there have been many attempts to predict RPC 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 RPC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

RPC Stock Forecast Pattern

Backtest RPCRPC Price PredictionBuy or Sell Advice 

RPC Forecasted Value

In the context of forecasting RPC'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. RPC's downside and upside margins for the forecasting period are 5.62 and 9.78, respectively. We have considered RPC'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
7.69
7.70
Expected Value
9.78
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of RPC stock data series using in forecasting. Note that when a statistical model is used to represent RPC 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 CriteriaHuge
BiasArithmetic mean of the errors -0.0218
MADMean absolute deviation0.1161
MAPEMean absolute percentage error0.0162
SAESum of the absolute errors6.9668
As with simple exponential smoothing, in triple exponential smoothing models past RPC observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older RPC Inc observations.

Predictive Modules for RPC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RPC Inc. 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 RPC'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
5.627.709.78
Details
Intrinsic
Valuation
LowRealHigh
6.228.3010.38
Details
5 Analysts
Consensus
LowTargetHigh
8.379.2010.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as RPC. Your research has to be compared to or analyzed against RPC's peers to derive any actionable benefits. When done correctly, RPC'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 RPC Inc.

Other Forecasting Options for RPC

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

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

RPC Inc 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 RPC'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 RPC's current price.

RPC Market Strength Events

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

RPC Risk Indicators

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

RPC Investors Sentiment

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

Currently Active Assets on Macroaxis

When determining whether RPC Inc is a strong investment it is important to analyze RPC'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 RPC's future performance. For an informed investment choice regarding RPC Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of RPC to cross-verify your projections.
Note that the RPC Inc information on this page should be used as a complementary analysis to other RPC'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for RPC Stock analysis

When running RPC's price analysis, check to measure RPC'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 RPC is operating at the current time. Most of RPC's value examination focuses on studying past and present price action to predict the probability of RPC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RPC's price. Additionally, you may evaluate how the addition of RPC to your portfolios can decrease your overall portfolio volatility.
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Is RPC'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 RPC. If investors know RPC 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 RPC 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
(0.52)
Dividend Share
0.16
Earnings Share
0.9
Revenue Per Share
7.472
Quarterly Revenue Growth
(0.18)
The market value of RPC Inc is measured differently than its book value, which is the value of RPC that is recorded on the company's balance sheet. Investors also form their own opinion of RPC's value that differs from its market value or its book value, called intrinsic value, which is RPC'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 RPC's market value can be influenced by many factors that don't directly affect RPC'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 RPC's value and its price as these two are different measures arrived at by different means. Investors typically determine if RPC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RPC'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.