Superior Uniform Stock Forecast - Simple Regression
| SGC Stock | USD 16.24 0.51 3.04% |
The Simple Regression forecasted value of Superior Uniform Group on the next trading day is expected to be 16.96 with a mean absolute deviation of 0.51 and the sum of the absolute errors of 30.97. Superior Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Superior Uniform stock prices and determine the direction of Superior Uniform Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Superior Uniform's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Superior Uniform to cross-verify your projections. Superior |
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.
Simple Regression model is a single variable regression model that attempts to put a straight line through Superior Uniform price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X. Superior Uniform Simple Regression Price Forecast For the 18th of April 2024
Given 90 days horizon, the Simple Regression forecasted value of Superior Uniform Group on the next trading day is expected to be 16.96 with a mean absolute deviation of 0.51, mean absolute percentage error of 0.37, and the sum of the absolute errors of 30.97.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
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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 14.14 and 19.78, 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression 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 | 117.1165 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5077 |
| MAPE | Mean absolute percentage error | 0.034 |
| SAE | Sum of the absolute errors | 30.9727 |
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 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 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.
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.
| 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 | 1308.9 | |||
| Daily Balance Of Power | (0.86) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 16.53 | |||
| Day Typical Price | 16.44 | |||
| Price Action Indicator | (0.55) | |||
| Period Momentum Indicator | (0.51) | |||
| Relative Strength Index | 54.24 |
Superior Uniform Risk Indicators
The analysis of Superior Uniform'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 Superior Uniform's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting superior 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 | 2.01 | |||
| Semi Deviation | 2.03 | |||
| Standard Deviation | 2.82 | |||
| Variance | 7.95 | |||
| Downside Variance | 5.09 | |||
| Semi Variance | 4.12 | |||
| Expected Short fall | (2.37) |
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.
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Check out Historical Fundamental Analysis of Superior Uniform to cross-verify your projections. 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 the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Superior Stock analysis
When running Superior Uniform's 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 the 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.
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 if Superior Uniform is a good investment 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.