Goodyear Tire Stock Forecast - 8 Period Moving Average
| GT Stock | USD 10.81 0.07 0.65% |
The 8 Period Moving Average forecasted value of Goodyear Tire Rubber on the next trading day is expected to be 10.48 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 20.28. Goodyear Stock Forecast is based on your current time horizon.
Goodyear |
Open Interest Against 2024-12-20 Goodyear Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Goodyear Tire'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 Goodyear Tire's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Goodyear Tire 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 Goodyear Tire's open interest, investors have to compare it to Goodyear Tire'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 Goodyear Tire 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 Goodyear. 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.
Goodyear Tire 8 Period Moving Average Price Forecast For the 5th of December
Given 90 days horizon, the 8 Period Moving Average forecasted value of Goodyear Tire Rubber on the next trading day is expected to be 10.48 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.28, and the sum of the absolute errors of 20.28.Please note that although there have been many attempts to predict Goodyear 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 Goodyear Tire's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Goodyear Tire Stock Forecast Pattern
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Goodyear Tire Forecasted Value
In the context of forecasting Goodyear Tire'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. Goodyear Tire's downside and upside margins for the forecasting period are 7.48 and 13.48, respectively. We have considered Goodyear Tire'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Goodyear Tire stock data series using in forecasting. Note that when a statistical model is used to represent Goodyear Tire 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 | 102.1171 |
| Bias | Arithmetic mean of the errors | -0.2247 |
| MAD | Mean absolute deviation | 0.3827 |
| MAPE | Mean absolute percentage error | 0.0405 |
| SAE | Sum of the absolute errors | 20.2838 |
Predictive Modules for Goodyear Tire
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodyear Tire Rubber. 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 Goodyear Tire'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 Goodyear Tire
For every potential investor in Goodyear, whether a beginner or expert, Goodyear Tire's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Goodyear Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Goodyear. Basic forecasting techniques help filter out the noise by identifying Goodyear Tire's price trends.Goodyear Tire 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 Goodyear Tire stock to make a market-neutral strategy. Peer analysis of Goodyear Tire could also be used in its relative valuation, which is a method of valuing Goodyear Tire by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Goodyear Tire Rubber 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 Goodyear Tire'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 Goodyear Tire's current price.| Cycle Indicators | ||
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Goodyear Tire Market Strength Events
Market strength indicators help investors to evaluate how Goodyear Tire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodyear Tire shares will generate the highest return on investment. By undertsting and applying Goodyear Tire stock market strength indicators, traders can identify Goodyear Tire Rubber entry and exit signals to maximize returns.
Goodyear Tire Risk Indicators
The analysis of Goodyear Tire'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 Goodyear Tire's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting goodyear 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 | 2.35 | |||
| Semi Deviation | 2.41 | |||
| Standard Deviation | 3.07 | |||
| Variance | 9.41 | |||
| Downside Variance | 6.39 | |||
| Semi Variance | 5.83 | |||
| Expected Short fall | (2.62) |
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 Goodyear Stock Analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.