Velocity Financial Stock Forecast - Naive Prediction
| VEL Stock | USD 19.98 0.09 0.45% |
The Naive Prediction forecasted value of Velocity Financial Llc on the next trading day is expected to be 19.57 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.35. Velocity Stock Forecast is based on your current time horizon. Although Velocity Financial's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Velocity Financial's systematic risk associated with finding meaningful patterns of Velocity Financial fundamentals over time.
Velocity |
Open Interest Against 2024-09-20 Velocity Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Velocity Financial'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 Velocity Financial's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Velocity Financial 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 Velocity Financial's open interest, investors have to compare it to Velocity Financial'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 Velocity Financial 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 Velocity. 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.
Cash | First Reported 2018-09-30 | Previous Quarter 59 M | Current Value 79.7 M | Quarterly Volatility 17.7 M |
Velocity Financial Naive Prediction Price Forecast For the 21st of September
Given 90 days horizon, the Naive Prediction forecasted value of Velocity Financial Llc on the next trading day is expected to be 19.57 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.35.Please note that although there have been many attempts to predict Velocity 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 Velocity Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Velocity Financial Stock Forecast Pattern
| Backtest Velocity Financial | Velocity Financial Price Prediction | Buy or Sell Advice |
Velocity Financial Forecasted Value
In the context of forecasting Velocity Financial'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. Velocity Financial's downside and upside margins for the forecasting period are 18.58 and 20.57, respectively. We have considered Velocity Financial'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 Velocity Financial stock data series using in forecasting. Note that when a statistical model is used to represent Velocity Financial 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 | 114.5318 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1369 |
| MAPE | Mean absolute percentage error | 0.0073 |
| SAE | Sum of the absolute errors | 8.3513 |
Predictive Modules for Velocity Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Velocity Financial Llc. 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 Velocity Financial'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 Velocity Financial
For every potential investor in Velocity, whether a beginner or expert, Velocity Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Velocity Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Velocity. Basic forecasting techniques help filter out the noise by identifying Velocity Financial's price trends.Velocity Financial 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 Velocity Financial stock to make a market-neutral strategy. Peer analysis of Velocity Financial could also be used in its relative valuation, which is a method of valuing Velocity Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Velocity Financial Llc 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 Velocity Financial'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 Velocity Financial's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
Velocity Financial Market Strength Events
Market strength indicators help investors to evaluate how Velocity Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Velocity Financial shares will generate the highest return on investment. By undertsting and applying Velocity Financial stock market strength indicators, traders can identify Velocity Financial Llc entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 19.98 | |||
| Day Typical Price | 19.98 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.09) |
Velocity Financial Risk Indicators
The analysis of Velocity Financial'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 Velocity Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting velocity 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 | 0.8163 | |||
| Semi Deviation | 0.8063 | |||
| Standard Deviation | 0.9876 | |||
| Variance | 0.9753 | |||
| Downside Variance | 0.8475 | |||
| Semi Variance | 0.6502 | |||
| Expected Short fall | (0.93) |
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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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Velocity Stock
When determining whether Velocity Financial Llc is a strong investment it is important to analyze Velocity Financial'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 Velocity Financial's future performance. For an informed investment choice regarding Velocity Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Velocity Financial to cross-verify your projections. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Commercial & Residential Mortgage Finance space 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 Velocity Financial. If investors know Velocity 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 Velocity Financial 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 0.163 | Earnings Share 1.75 | Revenue Per Share 4.672 | Quarterly Revenue Growth 0.398 | Return On Assets 0.0139 |
The market value of Velocity Financial Llc is measured differently than its book value, which is the value of Velocity that is recorded on the company's balance sheet. Investors also form their own opinion of Velocity Financial's value that differs from its market value or its book value, called intrinsic value, which is Velocity Financial'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 Velocity Financial's market value can be influenced by many factors that don't directly affect Velocity Financial'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 Velocity Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Velocity Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Velocity Financial'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.