Synnex Stock Forecast - Polynomial Regression

SNX Stock  USD 113.10  2.90  2.50%   
The Polynomial Regression forecasted value of Synnex on the next trading day is expected to be 111.83 with a mean absolute deviation of  1.49  and the sum of the absolute errors of 90.70. Synnex Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Synnex stock prices and determine the direction of Synnex's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Synnex's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Synnex to cross-verify your projections.
For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.
  
Most investors in Synnex 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 Synnex's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Synnex's price structures and extracts relationships that further increase the generated results' accuracy.
Synnex polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Synnex as well as the accuracy indicators are determined from the period prices.

Synnex Polynomial Regression Price Forecast For the 29th of March

Given 90 days horizon, the Polynomial Regression forecasted value of Synnex on the next trading day is expected to be 111.83 with a mean absolute deviation of 1.49, mean absolute percentage error of 3.53, and the sum of the absolute errors of 90.70.
Please note that although there have been many attempts to predict Synnex 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 Synnex's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Synnex Stock Forecast Pattern

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Synnex Forecasted Value

In the context of forecasting Synnex'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. Synnex's downside and upside margins for the forecasting period are 110.46 and 113.20, respectively. We have considered Synnex'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
113.10
110.46
Downside
111.83
Expected Value
113.20
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Synnex stock data series using in forecasting. Note that when a statistical model is used to represent Synnex 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 Criteria119.3713
BiasArithmetic mean of the errors None
MADMean absolute deviation1.4869
MAPEMean absolute percentage error0.0142
SAESum of the absolute errors90.701
A single variable polynomial regression model attempts to put a curve through the Synnex historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Synnex

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Synnex. 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 Synnex'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
111.73113.10114.47
Details
Intrinsic
Valuation
LowRealHigh
92.5093.87124.41
Details
Bollinger
Band Projection (param)
LowMiddleHigh
98.45105.28112.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Synnex. Your research has to be compared to or analyzed against Synnex's peers to derive any actionable benefits. When done correctly, Synnex'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 Synnex.

Other Forecasting Options for Synnex

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

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

Synnex 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 Synnex'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 Synnex's current price.

Synnex Market Strength Events

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

Synnex Risk Indicators

The analysis of Synnex'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 Synnex's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting synnex 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.
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 Synnex 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, Synnex's short interest history, or implied volatility extrapolated from Synnex options trading.

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When determining whether Synnex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Synnex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Synnex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Synnex Stock:
Check out Historical Fundamental Analysis of Synnex to cross-verify your projections.
For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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