Texas Roadhouse Stock Forecast - Naive Prediction
| TXRH Stock | USD 181.86 0.68 0.37% |
The Naive Prediction forecasted value of Texas Roadhouse on the next trading day is expected to be 181.78 with a mean absolute deviation of 2.52 and the sum of the absolute errors of 153.83. Texas Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Texas Roadhouse's historical fundamentals, such as revenue growth or operating cash flow patterns.
Texas |
Texas Roadhouse 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 Texas Roadhouse's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2002-12-31 | Previous Quarter 197.5 M | Current Value 189.2 M | Quarterly Volatility 108.2 M |
Texas Roadhouse Naive Prediction Price Forecast For the 30th of December
Given 90 days horizon, the Naive Prediction forecasted value of Texas Roadhouse on the next trading day is expected to be 181.78 with a mean absolute deviation of 2.52, mean absolute percentage error of 9.77, and the sum of the absolute errors of 153.83.Please note that although there have been many attempts to predict Texas 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 Texas Roadhouse's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Texas Roadhouse Stock Forecast Pattern
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Texas Roadhouse Forecasted Value
In the context of forecasting Texas Roadhouse'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. Texas Roadhouse's downside and upside margins for the forecasting period are 180.15 and 183.40, respectively. We have considered Texas Roadhouse'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 Texas Roadhouse stock data series using in forecasting. Note that when a statistical model is used to represent Texas Roadhouse 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 | 120.3901 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.5217 |
| MAPE | Mean absolute percentage error | 0.0133 |
| SAE | Sum of the absolute errors | 153.8267 |
Predictive Modules for Texas Roadhouse
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Texas Roadhouse. 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 Texas Roadhouse
For every potential investor in Texas, whether a beginner or expert, Texas Roadhouse's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Texas Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Texas. Basic forecasting techniques help filter out the noise by identifying Texas Roadhouse's price trends.Texas Roadhouse 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 Texas Roadhouse stock to make a market-neutral strategy. Peer analysis of Texas Roadhouse could also be used in its relative valuation, which is a method of valuing Texas Roadhouse by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Texas Roadhouse 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 Texas Roadhouse'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 Texas Roadhouse's current price.| Cycle Indicators | ||
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Texas Roadhouse Market Strength Events
Market strength indicators help investors to evaluate how Texas Roadhouse stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Texas Roadhouse shares will generate the highest return on investment. By undertsting and applying Texas Roadhouse stock market strength indicators, traders can identify Texas Roadhouse entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0129 | |||
| Daily Balance Of Power | (0.29) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 181.65 | |||
| Day Typical Price | 181.72 | |||
| Market Facilitation Index | 2.36 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (0.68) |
Texas Roadhouse Risk Indicators
The analysis of Texas Roadhouse'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 Texas Roadhouse's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting texas 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 | 1.25 | |||
| Semi Deviation | 1.44 | |||
| Standard Deviation | 1.62 | |||
| Variance | 2.64 | |||
| Downside Variance | 2.2 | |||
| Semi Variance | 2.07 | |||
| Expected Short fall | (1.39) |
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 Texas Roadhouse offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Texas Roadhouse's 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 Texas Roadhouse Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Texas Roadhouse Stock:Check out Historical Fundamental Analysis of Texas Roadhouse to cross-verify your projections. For more detail on how to invest in Texas Stock please use our How to Invest in Texas Roadhouse guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Hotels, Restaurants & Leisure 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 Texas Roadhouse. If investors know Texas 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 Texas Roadhouse 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 0.326 | Dividend Share 2.38 | Earnings Share 5.82 | Revenue Per Share 76.363 | Quarterly Revenue Growth 0.135 |
The market value of Texas Roadhouse is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Roadhouse's value that differs from its market value or its book value, called intrinsic value, which is Texas Roadhouse'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 Texas Roadhouse's market value can be influenced by many factors that don't directly affect Texas Roadhouse'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 Texas Roadhouse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Roadhouse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Roadhouse'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.