Square Stock Forecast - Naive Prediction
| SQ3 Stock | EUR 83.17 1.07 1.27% |
The Naive Prediction forecasted value of Square Inc on the next trading day is expected to be 80.26 with a mean absolute deviation of 2.02 and the sum of the absolute errors of 123.51. Square Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Square's historical fundamentals, such as revenue growth or operating cash flow patterns.
Square |
Square Naive Prediction Price Forecast For the 3rd of December
Given 90 days horizon, the Naive Prediction forecasted value of Square Inc on the next trading day is expected to be 80.26 with a mean absolute deviation of 2.02, mean absolute percentage error of 5.82, and the sum of the absolute errors of 123.51.Please note that although there have been many attempts to predict Square 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 Square's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Square Stock Forecast Pattern
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Square Forecasted Value
In the context of forecasting Square'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. Square's downside and upside margins for the forecasting period are 77.52 and 83.00, respectively. We have considered Square'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 Square stock data series using in forecasting. Note that when a statistical model is used to represent Square 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 | 119.8725 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.0247 |
| MAPE | Mean absolute percentage error | 0.03 |
| SAE | Sum of the absolute errors | 123.5065 |
Predictive Modules for Square
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Square Inc. 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 Square
For every potential investor in Square, whether a beginner or expert, Square's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Square Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Square. Basic forecasting techniques help filter out the noise by identifying Square's price trends.Square 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 Square stock to make a market-neutral strategy. Peer analysis of Square could also be used in its relative valuation, which is a method of valuing Square by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Square Inc 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 Square'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 Square's current price.| Cycle Indicators | ||
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| Volume Indicators |
Square Market Strength Events
Market strength indicators help investors to evaluate how Square stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Square shares will generate the highest return on investment. By undertsting and applying Square stock market strength indicators, traders can identify Square Inc entry and exit signals to maximize returns.
Square Risk Indicators
The analysis of Square'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 Square's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting square 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 | 1.86 | |||
| Semi Deviation | 1.41 | |||
| Standard Deviation | 2.74 | |||
| Variance | 7.52 | |||
| Downside Variance | 3.45 | |||
| Semi Variance | 1.99 | |||
| Expected Short fall | (2.14) |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in Square Stock
Square financial ratios help investors to determine whether Square Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Square with respect to the benefits of owning Square security.