Superior Uniform Stock Forecast - Naive Prediction

SGC Stock

USD 7.49 0.15 1.96%

Superior Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Superior Uniform historical stock prices and determine the direction of Superior Uniform 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 Superior Uniform historical fundamentals such as revenue growth or operating cash flow patterns. Although Superior Uniform naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Superior Uniform Group systematic risk associated with finding meaningful patterns of Superior Uniform fundamentals over time.

Check out Historical Fundamental Analysis of Superior Uniform to cross-verify your projections. For information on how to trade Superior Stock refer to our How to Trade Superior Stock guide.

Superior Uniform Accounts Payable Turnover is projected to drop based on the last few years of reporting. The past year's Accounts Payable Turnover was at 13.47. The current year Accrued Expenses Turnover is expected to grow to 24.76, whereas PPandE Turnover is forecasted to decline to 11.05. . The current year Weighted Average Shares is expected to grow to about 16.5 M. The current year Weighted Average Shares Diluted is expected to grow to about 16.8 M.

Open Interest Agains t 2023-04-21 Superior Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Superior Uniform'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 Superior Uniform's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Superior Uniform stock based on available contracts left at the end of a trading day.

No Open Interest

Please note, to derive more accurate forecasting about market movement from the current Superior Uniform's open interest, investors have to compare it to Superior Uniform'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 Superior Uniform 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 Superior. 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 Superior Uniform 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 Superior Uniform's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Superior Uniform's price structures and extracts relationships that further increase the generated results' accuracy.

A naive forecasting model for Superior Uniform is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Superior Uniform 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.

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Superior Uniform Naive Prediction Price Forecast For the 31st of March

Given 90 days horizon, the Naive Prediction forecasted value of Superior Uniform Group on the next trading day is expected to be 7.54 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.19, and the sum of the absolute errors of 21.18.

Please note that although there have been many attempts to predict Superior 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 Superior Uniform's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Superior Uniform Stock Forecast Pattern

Backtest Superior Uniform

Superior Uniform Price Prediction

Buy or Sell Advice

Superior Uniform Forecasted Value

In the context of forecasting Superior Uniform'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. Superior Uniform's downside and upside margins for the forecasting period are 4.37 and 10.70, respectively. We have considered Superior Uniform'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 7.49

4.37

Downside

7.54

Expected Value

Target Odds

Above Odds

Below Odds

10.70

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 Superior Uniform stock data series using in forecasting. Note that when a statistical model is used to represent Superior Uniform 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	116.4518
Bias	Arithmetic mean of the errors	None
MAD	Mean absolute deviation	0.3472
MAPE	Mean absolute percentage error	0.0326
SAE	Sum of the absolute errors	21.1778

This model is not at all useful as a medium-long range forecasting tool of Superior Uniform 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 Superior Uniform. 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 Superior Uniform

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Superior Uniform. 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 Superior Uniform'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 Superior Uniform in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
4.34	7.50	10.66

Details

Intrinsic

Valuation

Low	Real Value	High
6.85	10.01	13.17

Details

2 Analysts

Consensus

Low	Target Price	High
18.00	19.00	20.00

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Superior Uniform. Your research has to be compared to or analyzed against Superior Uniform's peers to derive any actionable benefits. When done correctly, Superior Uniform'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 Superior Uniform.

Other Forecasting Options for Superior Uniform

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

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

MGO GlobalVince Holding CorpFigs IncDelta ApparelXcel BrandsHanesbrandsAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron CorpHome Depot

Risk & Return

Correlation

Superior Uniform 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 Superior Uniform'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 Superior Uniform's current price.

	Cycle Indicators
	Math Operators
	Math Transform
	Momentum Indicators
	Overlap Studies
	Pattern Recognition
	Price Transform
	Statistic Functions
	Volatility Indicators
	Volume Indicators

Superior Uniform Market Strength Events

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

	Accumulation Distribution	3996.25
	Daily Balance Of Power	(0.37)
	Rate Of Daily Change	0.98
	Day Median Price	7.66
	Day Typical Price	7.6
	Market Facilitation Index	0.0
	Price Action Indicator	(0.24)

Superior Uniform Risk Indicators

The analysis of Superior Uniform'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 Superior Uniform's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Superior Uniform 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	2.43
	Standard Deviation	3.21
	Variance	10.29

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 Superior Uniform 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.

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Check out Historical Fundamental Analysis of Superior Uniform to cross-verify your projections. For information on how to trade Superior Stock refer to our How to Trade Superior Stock guide. Note that the Superior Uniform information on this page should be used as a complementary analysis to other Superior Uniform'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Superior Stock analysis

When running Superior Uniform price analysis, check to measure Superior Uniform'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 Superior Uniform is operating at the current time. Most of Superior Uniform's value examination focuses on studying past and present price action to predict the probability of Superior Uniform's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Superior Uniform's price. Additionally, you may evaluate how the addition of Superior Uniform to your portfolios can decrease your overall portfolio volatility.

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Is Superior Uniform'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 Superior Uniform. If investors know Superior 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 Superior Uniform 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

(0.51)

Dividend Share

0.54

Earnings Share

(2.04)

Revenue Per Share

36.717

Quarterly Revenue Growth

0.046

The market value of Superior Uniform is measured differently than its book value, which is the value of Superior that is recorded on the company's balance sheet. Investors also form their own opinion of Superior Uniform's value that differs from its market value or its book value, called intrinsic value, which is Superior Uniform'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 Superior Uniform's market value can be influenced by many factors that don't directly affect Superior Uniform'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 Superior Uniform's value and its price as these two are different measures arrived at by different means. Investors typically determine Superior Uniform value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Superior Uniform'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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	Naive Prediction
	Simple Exponential Smoothing
	Double Exponential Smoothing
	Triple Exponential Smoothing
	Simple Regression
	Polynomial Regression
	Simple Moving Average
	4 Period Moving Average
	8 Period Moving Average
	20 Period Moving Average

Superior Uniform Stock Forecast - Naive Prediction

Open Interest Agains t 2023-04-21 Superior Option Contracts

Superior Uniform Naive Prediction Price Forecast For the 31st of March

Superior Uniform Stock Forecast Pattern

Superior Uniform Forecasted Value

Model Predictive Factors

Predictive Modules for Superior Uniform

Other Forecasting Options for Superior Uniform

Superior Uniform Related Equities

Superior Uniform Technical and Predictive Analytics

Superior Uniform Market Strength Events

Superior Uniform Risk Indicators

Be your own money manager

Did you try this?

Run Global Markets Map Now

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Currently Active Assets on Macroaxis

Complementary Tools for Superior Stock analysis

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