Wheels Up Stock Forecast - Simple Regression
| UP Stock | USD 2.41 0.09 3.88% |
The Simple Regression forecasted value of Wheels Up Experience on the next trading day is expected to be 2.48 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.38. Wheels Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wheels Up stock prices and determine the direction of Wheels Up Experience's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wheels Up's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Wheels Up's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Wheels Up's systematic risk associated with finding meaningful patterns of Wheels Up fundamentals over time.
Check out Historical Fundamental Analysis of Wheels Up to cross-verify your projections. Wheels |
Open Interest Against 2024-05-17 Wheels Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Wheels Up'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 in Wheels Up's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Wheels Up stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Wheels Up's open interest, investors have to compare it to Wheels Up'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 Wheels Up 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 Wheels. 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 Wheels Up 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 Wheels Up's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Wheels Up'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 Wheels Up 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. Wheels Up Simple Regression Price Forecast For the 24th of April
Given 90 days horizon, the Simple Regression forecasted value of Wheels Up Experience on the next trading day is expected to be 2.48 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.38.Please note that although there have been many attempts to predict Wheels 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 Wheels Up's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wheels Up Stock Forecast Pattern
| Backtest Wheels Up | Wheels Up Price Prediction | Buy or Sell Advice |
Wheels Up Forecasted Value
In the context of forecasting Wheels Up'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. Wheels Up's downside and upside margins for the forecasting period are 0.02 and 7.53, respectively. We have considered Wheels Up'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 Wheels Up stock data series using in forecasting. Note that when a statistical model is used to represent Wheels Up 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 | 115.2268 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1866 |
| MAPE | Mean absolute percentage error | 0.0652 |
| SAE | Sum of the absolute errors | 11.3812 |
Predictive Modules for Wheels Up
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wheels Up Experience. 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 Wheels Up'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 Wheels Up
For every potential investor in Wheels, whether a beginner or expert, Wheels Up's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wheels Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wheels. Basic forecasting techniques help filter out the noise by identifying Wheels Up's price trends.Wheels Up 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 Wheels Up stock to make a market-neutral strategy. Peer analysis of Wheels Up could also be used in its relative valuation, which is a method of valuing Wheels Up by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wheels Up Experience 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 Wheels Up'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 Wheels Up's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Wheels Up Market Strength Events
Market strength indicators help investors to evaluate how Wheels Up stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wheels Up shares will generate the highest return on investment. By undertsting and applying Wheels Up stock market strength indicators, traders can identify Wheels Up Experience entry and exit signals to maximize returns.
Wheels Up Risk Indicators
The analysis of Wheels Up'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 Wheels Up's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wheels 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 | 4.14 | |||
| Standard Deviation | 5.31 | |||
| Variance | 28.17 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Wheels Up Experience is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Wheels Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Wheels Up Experience Stock. Highlighted below are key reports to facilitate an investment decision about Wheels Up Experience Stock:Check out Historical Fundamental Analysis of Wheels Up to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Wheels Stock analysis
When running Wheels Up's price analysis, check to measure Wheels Up'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 Wheels Up is operating at the current time. Most of Wheels Up's value examination focuses on studying past and present price action to predict the probability of Wheels Up's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wheels Up's price. Additionally, you may evaluate how the addition of Wheels Up to your portfolios can decrease your overall portfolio volatility.
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Is Wheels Up'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 Wheels Up. If investors know Wheels 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 Wheels Up listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.69) | Revenue Per Share 9.481 | Quarterly Revenue Growth (0.40) | Return On Assets (0.13) | Return On Equity (2.79) |
The market value of Wheels Up Experience is measured differently than its book value, which is the value of Wheels that is recorded on the company's balance sheet. Investors also form their own opinion of Wheels Up's value that differs from its market value or its book value, called intrinsic value, which is Wheels Up'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 Wheels Up's market value can be influenced by many factors that don't directly affect Wheels Up'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 Wheels Up's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheels Up is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheels Up'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.