Staffing 360 Stock Forecast - Naive Prediction
| STAF Stock | USD 0.26 0.02 7.14% |
The Naive Prediction forecasted value of Staffing 360 Solutions on the next trading day is expected to be 0.22 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.76. Staffing Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Staffing 360 stock prices and determine the direction of Staffing 360 Solutions's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Staffing 360's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Staffing 360's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Staffing 360's systematic risk associated with finding meaningful patterns of Staffing 360 fundamentals over time.
Check out Historical Fundamental Analysis of Staffing 360 to cross-verify your projections. Staffing |
Most investors in Staffing 360 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 Staffing 360's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Staffing 360's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Staffing 360 is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Staffing 360 Solutions 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. Staffing 360 Naive Prediction Price Forecast For the 26th of April
Given 90 days horizon, the Naive Prediction forecasted value of Staffing 360 Solutions on the next trading day is expected to be 0.22 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.76.Please note that although there have been many attempts to predict Staffing 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 Staffing 360's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Staffing 360 Stock Forecast Pattern
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Staffing 360 Forecasted Value
In the context of forecasting Staffing 360'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. Staffing 360's downside and upside margins for the forecasting period are 0 and 5.75, respectively. We have considered Staffing 360'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Staffing 360 stock data series using in forecasting. Note that when a statistical model is used to represent Staffing 360 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 | 111.5855 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0122 |
| MAPE | Mean absolute percentage error | 0.0389 |
| SAE | Sum of the absolute errors | 0.7567 |
Predictive Modules for Staffing 360
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Staffing 360 Solutions. 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 Staffing 360'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 Staffing 360
For every potential investor in Staffing, whether a beginner or expert, Staffing 360's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Staffing Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Staffing. Basic forecasting techniques help filter out the noise by identifying Staffing 360's price trends.Staffing 360 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 Staffing 360 stock to make a market-neutral strategy. Peer analysis of Staffing 360 could also be used in its relative valuation, which is a method of valuing Staffing 360 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Staffing 360 Solutions 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 Staffing 360'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 Staffing 360's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Staffing 360 Market Strength Events
Market strength indicators help investors to evaluate how Staffing 360 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Staffing 360 shares will generate the highest return on investment. By undertsting and applying Staffing 360 stock market strength indicators, traders can identify Staffing 360 Solutions entry and exit signals to maximize returns.
Staffing 360 Risk Indicators
The analysis of Staffing 360'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 Staffing 360's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting staffing 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 | 4.38 | |||
| Standard Deviation | 5.48 | |||
| Variance | 30.0 |
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 Staffing 360 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, Staffing 360's short interest history, or implied volatility extrapolated from Staffing 360 options trading.
Currently Active Assets on Macroaxis
When determining whether Staffing 360 Solutions is a strong investment it is important to analyze Staffing 360'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 Staffing 360's future performance. For an informed investment choice regarding Staffing Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Staffing 360 to cross-verify your projections. Note that the Staffing 360 Solutions information on this page should be used as a complementary analysis to other Staffing 360'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Staffing Stock analysis
When running Staffing 360's price analysis, check to measure Staffing 360'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 Staffing 360 is operating at the current time. Most of Staffing 360's value examination focuses on studying past and present price action to predict the probability of Staffing 360's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Staffing 360's price. Additionally, you may evaluate how the addition of Staffing 360 to your portfolios can decrease your overall portfolio volatility.
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Is Staffing 360'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 Staffing 360. If investors know Staffing 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 Staffing 360 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 (0.94) | Earnings Share (8.87) | Revenue Per Share 74.314 | Quarterly Revenue Growth (0.04) | Return On Assets (0.05) |
The market value of Staffing 360 Solutions is measured differently than its book value, which is the value of Staffing that is recorded on the company's balance sheet. Investors also form their own opinion of Staffing 360's value that differs from its market value or its book value, called intrinsic value, which is Staffing 360'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 Staffing 360's market value can be influenced by many factors that don't directly affect Staffing 360'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 Staffing 360's value and its price as these two are different measures arrived at by different means. Investors typically determine if Staffing 360 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Staffing 360'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.