Warby Parker Stock Forecast - Naive Prediction
| WRBY Stock | USD 12.75 0.33 2.52% |
The Naive Prediction forecasted value of Warby Parker on the next trading day is expected to be 12.27 with a mean absolute deviation of 0.45 and the sum of the absolute errors of 27.87. Warby Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Warby Parker stock prices and determine the direction of Warby Parker's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Warby Parker's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Warby Parker's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Warby Parker's systematic risk associated with finding meaningful patterns of Warby Parker fundamentals over time.
Check out Historical Fundamental Analysis of Warby Parker to cross-verify your projections. Warby |
Open Interest Against 2024-05-17 Warby Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Warby Parker'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 Warby Parker's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Warby Parker 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 Warby Parker's open interest, investors have to compare it to Warby Parker'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 Warby Parker 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 Warby. 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 Warby Parker 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 Warby Parker's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Warby Parker's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Warby Parker is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Warby Parker 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. Warby Parker Naive Prediction Price Forecast For the 27th of April
Given 90 days horizon, the Naive Prediction forecasted value of Warby Parker on the next trading day is expected to be 12.27 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.32, and the sum of the absolute errors of 27.87.Please note that although there have been many attempts to predict Warby 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 Warby Parker's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Warby Parker Stock Forecast Pattern
| Backtest Warby Parker | Warby Parker Price Prediction | Buy or Sell Advice |
Warby Parker Forecasted Value
In the context of forecasting Warby Parker'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. Warby Parker's downside and upside margins for the forecasting period are 8.69 and 15.85, respectively. We have considered Warby Parker'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 Warby Parker stock data series using in forecasting. Note that when a statistical model is used to represent Warby Parker 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 | 118.8139 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4495 |
| MAPE | Mean absolute percentage error | 0.0345 |
| SAE | Sum of the absolute errors | 27.8677 |
Predictive Modules for Warby Parker
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Warby Parker. 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 Warby Parker'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 Warby Parker
For every potential investor in Warby, whether a beginner or expert, Warby Parker's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Warby Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Warby. Basic forecasting techniques help filter out the noise by identifying Warby Parker's price trends.Warby Parker 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 Warby Parker stock to make a market-neutral strategy. Peer analysis of Warby Parker could also be used in its relative valuation, which is a method of valuing Warby Parker by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Warby Parker 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 Warby Parker'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 Warby Parker's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Warby Parker Market Strength Events
Market strength indicators help investors to evaluate how Warby Parker stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Warby Parker shares will generate the highest return on investment. By undertsting and applying Warby Parker stock market strength indicators, traders can identify Warby Parker entry and exit signals to maximize returns.
| Accumulation Distribution | 41945.45 | |||
| Daily Balance Of Power | (0.70) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 12.72 | |||
| Day Typical Price | 12.73 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (0.33) |
Warby Parker Risk Indicators
The analysis of Warby Parker'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 Warby Parker's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting warby 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 | 2.55 | |||
| Semi Deviation | 3.91 | |||
| Standard Deviation | 3.46 | |||
| Variance | 11.99 | |||
| Downside Variance | 15.97 | |||
| Semi Variance | 15.31 | |||
| Expected Short fall | (2.36) |
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 Warby Parker offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Warby Parker'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 Warby Parker Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Warby Parker Stock:Check out Historical Fundamental Analysis of Warby Parker to cross-verify your projections. For more information on how to buy Warby Stock please use our How to Invest in Warby Parker guide.Note that the Warby Parker information on this page should be used as a complementary analysis to other Warby Parker'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Warby Stock analysis
When running Warby Parker's price analysis, check to measure Warby Parker'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 Warby Parker is operating at the current time. Most of Warby Parker's value examination focuses on studying past and present price action to predict the probability of Warby Parker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Warby Parker's price. Additionally, you may evaluate how the addition of Warby Parker to your portfolios can decrease your overall portfolio volatility.
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Is Warby Parker'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 Warby Parker. If investors know Warby 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 Warby Parker listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.54) | Revenue Per Share 5.706 | Quarterly Revenue Growth 0.105 | Return On Assets (0.07) | Return On Equity (0.21) |
The market value of Warby Parker is measured differently than its book value, which is the value of Warby that is recorded on the company's balance sheet. Investors also form their own opinion of Warby Parker's value that differs from its market value or its book value, called intrinsic value, which is Warby Parker'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 Warby Parker's market value can be influenced by many factors that don't directly affect Warby Parker'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 Warby Parker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Warby Parker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Warby Parker'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.