Best Buy Stock Forecast - 4 Period Moving Average

BUY Stock  EUR 81.64  1.46  1.76%   
The 4 Period Moving Average forecasted value of Best Buy Co on the next trading day is expected to be 82.33 with a mean absolute deviation of 1.41 and the sum of the absolute errors of 80.21. Best Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Best Buy's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A four-period moving average forecast model for Best Buy Co is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

Best Buy 4 Period Moving Average Price Forecast For the 23rd of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of Best Buy Co on the next trading day is expected to be 82.33 with a mean absolute deviation of 1.41, mean absolute percentage error of 3.32, and the sum of the absolute errors of 80.21.
Please note that although there have been many attempts to predict Best 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 Best Buy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Best Buy Stock Forecast Pattern

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Best Buy Forecasted Value

In the context of forecasting Best Buy'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. Best Buy's downside and upside margins for the forecasting period are 80.56 and 84.11, respectively. We have considered Best Buy'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
81.64
82.33
Expected Value
84.11
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Best Buy stock data series using in forecasting. Note that when a statistical model is used to represent Best Buy 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 Criteria111.9588
BiasArithmetic mean of the errors 0.3379
MADMean absolute deviation1.4072
MAPEMean absolute percentage error0.0168
SAESum of the absolute errors80.2125
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of Best Buy. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Best Buy Co and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Best Buy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Best Buy. 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.
Hype
Prediction
LowEstimatedHigh
79.8781.6483.41
Details
Intrinsic
Valuation
LowRealHigh
73.4883.6885.45
Details

Other Forecasting Options for Best Buy

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

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

Best Buy 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 Best Buy'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 Best Buy's current price.

Best Buy Market Strength Events

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

Best Buy Risk Indicators

The analysis of Best Buy'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 Best Buy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting best 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.

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Additional Information and Resources on Investing in Best Stock

When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy'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 Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Historical Fundamental Analysis of Best Buy to cross-verify your projections.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy'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.