Resideo Technologies Stock Forecast - Naive Prediction
| REZI Stock | USD 27.18 0.04 0.15% |
The Naive Prediction forecasted value of Resideo Technologies on the next trading day is expected to be 26.52 with a mean absolute deviation of 0.54 and the sum of the absolute errors of 33.24. Resideo Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Resideo Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
Resideo |
Resideo Technologies Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Resideo Technologies' financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2016-12-31 | Previous Quarter 413 M | Current Value 531 M | Quarterly Volatility 204.4 M |
Resideo Technologies Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Resideo Technologies on the next trading day is expected to be 26.52 with a mean absolute deviation of 0.54, mean absolute percentage error of 0.48, and the sum of the absolute errors of 33.24.Please note that although there have been many attempts to predict Resideo 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 Resideo Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Resideo Technologies Stock Forecast Pattern
| Backtest Resideo Technologies | Resideo Technologies Price Prediction | Buy or Sell Advice |
Resideo Technologies Forecasted Value
In the context of forecasting Resideo Technologies' 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. Resideo Technologies' downside and upside margins for the forecasting period are 24.25 and 28.79, respectively. We have considered Resideo Technologies' 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 Resideo Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Resideo Technologies 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 | 117.3866 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.545 |
| MAPE | Mean absolute percentage error | 0.0257 |
| SAE | Sum of the absolute errors | 33.242 |
Predictive Modules for Resideo Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Resideo Technologies. 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 Resideo Technologies
For every potential investor in Resideo, whether a beginner or expert, Resideo Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Resideo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Resideo. Basic forecasting techniques help filter out the noise by identifying Resideo Technologies' price trends.Resideo Technologies 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 Resideo Technologies stock to make a market-neutral strategy. Peer analysis of Resideo Technologies could also be used in its relative valuation, which is a method of valuing Resideo Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Resideo Technologies 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 Resideo Technologies' 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 Resideo Technologies' current price.| Cycle Indicators | ||
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Resideo Technologies Market Strength Events
Market strength indicators help investors to evaluate how Resideo Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Resideo Technologies shares will generate the highest return on investment. By undertsting and applying Resideo Technologies stock market strength indicators, traders can identify Resideo Technologies entry and exit signals to maximize returns.
Resideo Technologies Risk Indicators
The analysis of Resideo Technologies' 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 Resideo Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting resideo 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 | 1.67 | |||
| Semi Deviation | 1.42 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.59 | |||
| Downside Variance | 3.17 | |||
| Semi Variance | 2.01 | |||
| Expected Short fall | (2.04) |
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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When determining whether Resideo Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Resideo Technologies' 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 Resideo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Resideo Technologies Stock:Check out Historical Fundamental Analysis of Resideo Technologies to cross-verify your projections. For more detail on how to invest in Resideo Stock please use our How to Invest in Resideo Technologies guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Building Products 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 Resideo Technologies. If investors know Resideo 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 Resideo Technologies 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 (0.50) | Earnings Share 1.09 | Revenue Per Share 44.034 | Quarterly Revenue Growth 0.176 | Return On Assets 0.0496 |
The market value of Resideo Technologies is measured differently than its book value, which is the value of Resideo that is recorded on the company's balance sheet. Investors also form their own opinion of Resideo Technologies' value that differs from its market value or its book value, called intrinsic value, which is Resideo Technologies' 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 Resideo Technologies' market value can be influenced by many factors that don't directly affect Resideo Technologies' 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 Resideo Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Resideo Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Resideo Technologies' 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.