Green Brick Stock Forecast - Naive Prediction
| GRBK Stock | USD 57.63 0.94 1.66% |
The Naive Prediction forecasted value of Green Brick Partners on the next trading day is expected to be 51.18 with a mean absolute deviation of 1.64 and the sum of the absolute errors of 101.78. Green Stock Forecast is based on your current time horizon. Although Green Brick's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Green Brick's systematic risk associated with finding meaningful patterns of Green Brick fundamentals over time.
Green |
Green Brick Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Green Brick's financial statements, predicting their influence on future market prices.
Cash | First Reported 2007-03-31 | Previous Quarter 158.2 M | Current Value 80.1 M | Quarterly Volatility 51.3 M |
Green Brick Naive Prediction Price Forecast For the 22nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Green Brick Partners on the next trading day is expected to be 51.18 with a mean absolute deviation of 1.64, mean absolute percentage error of 4.36, and the sum of the absolute errors of 101.78.Please note that although there have been many attempts to predict Green 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 Green Brick's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Green Brick Stock Forecast Pattern
| Backtest Green Brick | Green Brick Price Prediction | Buy or Sell Advice |
Green Brick Forecasted Value
In the context of forecasting Green Brick'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. Green Brick's downside and upside margins for the forecasting period are 48.74 and 53.61, respectively. We have considered Green Brick'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 Green Brick stock data series using in forecasting. Note that when a statistical model is used to represent Green Brick 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 | 121.4212 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.6415 |
| MAPE | Mean absolute percentage error | 0.0225 |
| SAE | Sum of the absolute errors | 101.7753 |
Predictive Modules for Green Brick
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Green Brick Partners. 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 Green Brick
For every potential investor in Green, whether a beginner or expert, Green Brick's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Green Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Green. Basic forecasting techniques help filter out the noise by identifying Green Brick's price trends.Green Brick 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 Green Brick stock to make a market-neutral strategy. Peer analysis of Green Brick could also be used in its relative valuation, which is a method of valuing Green Brick by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Green Brick Partners 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 Green Brick'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 Green Brick's current price.| Cycle Indicators | ||
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Green Brick Market Strength Events
Market strength indicators help investors to evaluate how Green Brick stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Green Brick shares will generate the highest return on investment. By undertsting and applying Green Brick stock market strength indicators, traders can identify Green Brick Partners entry and exit signals to maximize returns.
Green Brick Risk Indicators
The analysis of Green Brick'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 Green Brick's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting green 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 | 1.77 | |||
| Standard Deviation | 2.45 | |||
| Variance | 6.01 |
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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Is Household Durables 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 Green Brick. If investors know Green 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 Green Brick 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 0.269 | Earnings Share 7.71 | Revenue Per Share 44.291 | Quarterly Revenue Growth 0.25 | Return On Assets 0.1344 |
The market value of Green Brick Partners is measured differently than its book value, which is the value of Green that is recorded on the company's balance sheet. Investors also form their own opinion of Green Brick's value that differs from its market value or its book value, called intrinsic value, which is Green Brick'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 Green Brick's market value can be influenced by many factors that don't directly affect Green Brick'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 Green Brick's value and its price as these two are different measures arrived at by different means. Investors typically determine if Green Brick is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Green Brick'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.