Arrow Electronics, Stock Forecast - Polynomial Regression

A2RW34 Stock   48.60  0.00  0.00%   
The Polynomial Regression forecasted value of Arrow Electronics, on the next trading day is expected to be 47.20 with a mean absolute deviation of 0.51 and the sum of the absolute errors of 31.20. Investors can use prediction functions to forecast Arrow Electronics,'s stock prices and determine the direction of Arrow Electronics,'s future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Arrow Electronics,'s historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
  
Arrow Electronics, polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Arrow Electronics, as well as the accuracy indicators are determined from the period prices.

Arrow Electronics, Polynomial Regression Price Forecast For the 14th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Arrow Electronics, on the next trading day is expected to be 47.20 with a mean absolute deviation of 0.51, mean absolute percentage error of 0.44, and the sum of the absolute errors of 31.20.
Please note that although there have been many attempts to predict Arrow 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 Arrow Electronics,'s next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Arrow Electronics, Stock Forecast Pattern

Arrow Electronics, Forecasted Value

In the context of forecasting Arrow Electronics,'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. Arrow Electronics,'s downside and upside margins for the forecasting period are 46.10 and 48.29, respectively. We have considered Arrow Electronics,'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
48.60
47.20
Expected Value
48.29
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 Arrow Electronics, stock data series using in forecasting. Note that when a statistical model is used to represent Arrow Electronics, 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 Criteria117.2781
BiasArithmetic mean of the errors None
MADMean absolute deviation0.5114
MAPEMean absolute percentage error0.0109
SAESum of the absolute errors31.1964
A single variable polynomial regression model attempts to put a curve through the Arrow Electronics, 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 Arrow Electronics,

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Arrow Electronics,. 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Arrow Electronics,. Your research has to be compared to or analyzed against Arrow Electronics,'s peers to derive any actionable benefits. When done correctly, Arrow Electronics,'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 Arrow Electronics,.

Other Forecasting Options for Arrow Electronics,

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

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

Arrow Electronics, 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 Arrow Electronics,'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 Arrow Electronics,'s current price.

Arrow Electronics, Market Strength Events

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

Arrow Electronics, Risk Indicators

The analysis of Arrow Electronics,'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 Arrow Electronics,'s investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting arrow 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.

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.