Newtek Business Stock Forecast - Naive Prediction
| 1N31 Stock | EUR 12.09 0.01 0.08% |
The Naive Prediction forecasted value of Newtek Business Services on the next trading day is expected to be 12.35 with a mean absolute deviation of 0.30 and the sum of the absolute errors of 18.46. Newtek Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Newtek Business' historical fundamentals, such as revenue growth or operating cash flow patterns.
Newtek |
Newtek Business Naive Prediction Price Forecast For the 14th of January 2025
Given 90 days horizon, the Naive Prediction forecasted value of Newtek Business Services on the next trading day is expected to be 12.35 with a mean absolute deviation of 0.30, mean absolute percentage error of 0.17, and the sum of the absolute errors of 18.46.Please note that although there have been many attempts to predict Newtek 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 Newtek Business' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Newtek Business Stock Forecast Pattern
| Backtest Newtek Business | Newtek Business Price Prediction | Buy or Sell Advice |
Newtek Business Forecasted Value
In the context of forecasting Newtek Business' 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. Newtek Business' downside and upside margins for the forecasting period are 9.41 and 15.29, respectively. We have considered Newtek Business' 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 Newtek Business stock data series using in forecasting. Note that when a statistical model is used to represent Newtek Business 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 | 116.3428 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3026 |
| MAPE | Mean absolute percentage error | 0.024 |
| SAE | Sum of the absolute errors | 18.4558 |
Predictive Modules for Newtek Business
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newtek Business Services. 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 Newtek Business
For every potential investor in Newtek, whether a beginner or expert, Newtek Business' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Newtek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Newtek. Basic forecasting techniques help filter out the noise by identifying Newtek Business' price trends.Newtek Business 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 Newtek Business stock to make a market-neutral strategy. Peer analysis of Newtek Business could also be used in its relative valuation, which is a method of valuing Newtek Business by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Newtek Business Services 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 Newtek Business' 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 Newtek Business' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Newtek Business Market Strength Events
Market strength indicators help investors to evaluate how Newtek Business stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newtek Business shares will generate the highest return on investment. By undertsting and applying Newtek Business stock market strength indicators, traders can identify Newtek Business Services entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 12.09 | |||
| Day Typical Price | 12.09 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
Newtek Business Risk Indicators
The analysis of Newtek Business' 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 Newtek Business' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newtek 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 | 1.76 | |||
| Semi Deviation | 1.53 | |||
| Standard Deviation | 2.91 | |||
| Variance | 8.46 | |||
| Downside Variance | 2.86 | |||
| Semi Variance | 2.33 | |||
| Expected Short fall | (2.39) |
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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Additional Information and Resources on Investing in Newtek Stock
When determining whether Newtek Business Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Newtek Business' 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 Newtek Business Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Newtek Business Services Stock:Check out Historical Fundamental Analysis of Newtek Business to cross-verify your projections. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.