Smith AO Stock Forecast - Naive Prediction
| AOS Stock | USD 74.49 0.39 0.53% |
The Naive Prediction forecasted value of Smith AO on the next trading day is expected to be 72.49 with a mean absolute deviation of 1.25 and the sum of the absolute errors of 77.66. Smith Stock Forecast is based on your current time horizon.
Smith |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Smith AO's financial statements to predict how it will affect future prices.
Cash | First Reported 1985-12-31 | Previous Quarter 216.1 M | Current Value 219.3 M | Quarterly Volatility 162.1 M |
Smith AO Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Smith AO on the next trading day is expected to be 72.49 with a mean absolute deviation of 1.25, mean absolute percentage error of 2.35, and the sum of the absolute errors of 77.66.Please note that although there have been many attempts to predict Smith 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 Smith AO's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Smith AO Stock Forecast Pattern
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Smith AO Forecasted Value
In the context of forecasting Smith AO'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. Smith AO's downside and upside margins for the forecasting period are 70.94 and 74.03, respectively. We have considered Smith AO'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 Smith AO stock data series using in forecasting. Note that when a statistical model is used to represent Smith AO 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 | 120.8045 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.2526 |
| MAPE | Mean absolute percentage error | 0.0158 |
| SAE | Sum of the absolute errors | 77.6585 |
Predictive Modules for Smith AO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smith AO. 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.Other Forecasting Options for Smith AO
For every potential investor in Smith, whether a beginner or expert, Smith AO's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Smith Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Smith. Basic forecasting techniques help filter out the noise by identifying Smith AO's price trends.Smith AO 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 Smith AO stock to make a market-neutral strategy. Peer analysis of Smith AO could also be used in its relative valuation, which is a method of valuing Smith AO by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Smith AO 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 Smith AO'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 Smith AO's current price.| Cycle Indicators | ||
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Smith AO Market Strength Events
Market strength indicators help investors to evaluate how Smith AO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Smith AO shares will generate the highest return on investment. By undertsting and applying Smith AO stock market strength indicators, traders can identify Smith AO entry and exit signals to maximize returns.
Smith AO Risk Indicators
The analysis of Smith AO'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 Smith AO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting smith 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 | 1.15 | |||
| Standard Deviation | 1.57 | |||
| Variance | 2.47 |
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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Additional Tools for Smith Stock Analysis
When running Smith AO's price analysis, check to measure Smith AO'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 Smith AO is operating at the current time. Most of Smith AO's value examination focuses on studying past and present price action to predict the probability of Smith AO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith AO's price. Additionally, you may evaluate how the addition of Smith AO to your portfolios can decrease your overall portfolio volatility.