Wabash National Stock Forecast - Naive Prediction
| WNC Stock | USD 19.83 0.22 1.12% |
The Naive Prediction forecasted value of Wabash National on the next trading day is expected to be 19.66 with a mean absolute deviation of 0.41 and the sum of the absolute errors of 24.89. Wabash Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wabash National stock prices and determine the direction of Wabash National's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wabash National's historical fundamentals, such as revenue growth or operating cash flow patterns.
Wabash |
Wabash National Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Wabash National's financial statements to predict how it will affect future prices.
Cash | First Reported 1990-12-31 | Previous Quarter 77.3 M | Current Value 81.8 M | Quarterly Volatility 61.1 M |
Wabash National Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Wabash National on the next trading day is expected to be 19.66 with a mean absolute deviation of 0.41, mean absolute percentage error of 0.26, and the sum of the absolute errors of 24.89.Please note that although there have been many attempts to predict Wabash 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 Wabash National's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wabash National Stock Forecast Pattern
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Wabash National Forecasted Value
In the context of forecasting Wabash National'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. Wabash National's downside and upside margins for the forecasting period are 17.58 and 21.73, respectively. We have considered Wabash National'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 Wabash National stock data series using in forecasting. Note that when a statistical model is used to represent Wabash National 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 | 116.7672 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4081 |
| MAPE | Mean absolute percentage error | 0.022 |
| SAE | Sum of the absolute errors | 24.8916 |
Predictive Modules for Wabash National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wabash National. 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 Wabash National
For every potential investor in Wabash, whether a beginner or expert, Wabash National's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wabash Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wabash. Basic forecasting techniques help filter out the noise by identifying Wabash National's price trends.Wabash National 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 Wabash National stock to make a market-neutral strategy. Peer analysis of Wabash National could also be used in its relative valuation, which is a method of valuing Wabash National by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wabash National 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 Wabash National'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 Wabash National's current price.| Cycle Indicators | ||
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Wabash National Market Strength Events
Market strength indicators help investors to evaluate how Wabash National stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wabash National shares will generate the highest return on investment. By undertsting and applying Wabash National stock market strength indicators, traders can identify Wabash National entry and exit signals to maximize returns.
Wabash National Risk Indicators
The analysis of Wabash National'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 Wabash National's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wabash 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 | 1.57 | |||
| Semi Deviation | 1.81 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.26 | |||
| Downside Variance | 3.67 | |||
| Semi Variance | 3.26 | |||
| Expected Short fall | (1.64) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Wabash National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wabash National'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 Wabash National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wabash National Stock:Check out Historical Fundamental Analysis of Wabash National to cross-verify your projections. For information on how to trade Wabash Stock refer to our How to Trade Wabash Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Construction Machinery & Heavy Transportation Equipment 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 Wabash National. If investors know Wabash 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 Wabash National 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 (0.58) | Dividend Share 0.32 | Earnings Share (5.26) | Revenue Per Share 47.238 | Quarterly Revenue Growth (0.27) |
The market value of Wabash National is measured differently than its book value, which is the value of Wabash that is recorded on the company's balance sheet. Investors also form their own opinion of Wabash National's value that differs from its market value or its book value, called intrinsic value, which is Wabash National'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 Wabash National's market value can be influenced by many factors that don't directly affect Wabash National'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 Wabash National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wabash National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wabash National'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.