RBC Bearings Stock Forecast - Naive Prediction
| ROLLDelisted Stock | USD 245.82 2.13 0.86% |
The Naive Prediction forecasted value of RBC Bearings Incorporated on the next trading day is expected to be 258.97 with a mean absolute deviation of 4.40 and the sum of the absolute errors of 268.19. RBC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast RBC Bearings stock prices and determine the direction of RBC Bearings Incorporated's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of RBC Bearings' 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 bureau of economic analysis. RBC |
Most investors in RBC Bearings 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 RBC Bearings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets RBC Bearings' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for RBC Bearings is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of RBC Bearings Incorporated 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. RBC Bearings Naive Prediction Price Forecast For the 18th of April 2024
Given 90 days horizon, the Naive Prediction forecasted value of RBC Bearings Incorporated on the next trading day is expected to be 258.97 with a mean absolute deviation of 4.40, mean absolute percentage error of 29.57, and the sum of the absolute errors of 268.19.Please note that although there have been many attempts to predict RBC 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 RBC Bearings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
RBC Bearings Stock Forecast Pattern
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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 RBC Bearings stock data series using in forecasting. Note that when a statistical model is used to represent RBC Bearings 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 | 121.4974 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.3965 |
| MAPE | Mean absolute percentage error | 0.0189 |
| SAE | Sum of the absolute errors | 268.1851 |
Predictive Modules for RBC Bearings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RBC Bearings rporated. 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 RBC Bearings' 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.
RBC Bearings 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 RBC Bearings stock to make a market-neutral strategy. Peer analysis of RBC Bearings could also be used in its relative valuation, which is a method of valuing RBC Bearings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
RBC Bearings Market Strength Events
Market strength indicators help investors to evaluate how RBC Bearings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RBC Bearings shares will generate the highest return on investment. By undertsting and applying RBC Bearings stock market strength indicators, traders can identify RBC Bearings Incorporated entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0177 | |||
| Daily Balance Of Power | (0.48) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 247.08 | |||
| Day Typical Price | 246.66 | |||
| Market Facilitation Index | 4.42 | |||
| Price Action Indicator | (2.33) | |||
| Period Momentum Indicator | (2.13) | |||
| Relative Strength Index | 81.59 |
RBC Bearings Risk Indicators
The analysis of RBC Bearings' 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 RBC Bearings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rbc 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 | 1.98 | |||
| Semi Deviation | 2.33 | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.73 | |||
| Downside Variance | 5.6 | |||
| Semi Variance | 5.43 | |||
| Expected Short fall | (2.11) |
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.
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 RBC Bearings 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, RBC Bearings' short interest history, or implied volatility extrapolated from RBC Bearings options trading.
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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 bureau of economic analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Other Consideration for investing in RBC Stock
If you are still planning to invest in RBC Bearings rporated 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 RBC Bearings' history and understand the potential risks before investing.
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