Progress Software Stock Forecast - 4 Period Moving Average

A four-period moving average forecast model for Progress Software 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.

Progress Software 4 Period Moving Average Price Forecast For the 29th of November

Given 90 days horizon, the 4 Period Moving Average forecasted value of Progress Software on the next trading day is expected to be 68.66 with a mean absolute deviation of 1.20, mean absolute percentage error of 3.52, and the sum of the absolute errors of 69.59.

Progress Software Stock Forecast Pattern

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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 Progress Software stock data series using in forecasting. Note that when a statistical model is used to represent Progress Software 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. 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 Progress Software. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Progress Software and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Progress Software

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Progress Software. 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 Low Estimated High 65.85 67.82 69.79 Details

Intrinsic Valuation Low Real High 60.80 70.07 72.04 Details

Bollinger Band Projection (param) Low Middle High 65.45 67.88 70.32 Details

7 Analysts Consensus Low Target High 57.33 63.00 69.93 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Progress Software. Your research has to be compared to or analyzed against Progress Software's peers to derive any actionable benefits. When done correctly, Progress Software'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 Progress Software.

Other Forecasting Options for Progress Software

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

Progress Software Related Equities

Risk & Return

Correlation

Progress Software 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 Progress Software'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 Progress Software's current price.

Progress Software Market Strength Events

Progress Software Risk Indicators

Additional Tools for Progress Stock Analysis