Raytheon Technologies Stock Forecast - Naive Prediction
| 5UR Stock | EUR 110.36 0.30 0.27% |
The Naive Prediction forecasted value of Raytheon Technologies Corp on the next trading day is expected to be 111.34 with a mean absolute deviation of 1.53 and the sum of the absolute errors of 93.20. Raytheon Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Raytheon Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
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Raytheon Technologies Naive Prediction Price Forecast For the 23rd of December
Given 90 days horizon, the Naive Prediction forecasted value of Raytheon Technologies Corp on the next trading day is expected to be 111.34 with a mean absolute deviation of 1.53, mean absolute percentage error of 3.60, and the sum of the absolute errors of 93.20.Please note that although there have been many attempts to predict Raytheon 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 Raytheon Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Raytheon Technologies Stock Forecast Pattern
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Raytheon Technologies Forecasted Value
In the context of forecasting Raytheon 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. Raytheon Technologies' downside and upside margins for the forecasting period are 109.91 and 112.78, respectively. We have considered Raytheon 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 Raytheon Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Raytheon 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 | 119.3927 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.5279 |
| MAPE | Mean absolute percentage error | 0.0136 |
| SAE | Sum of the absolute errors | 93.199 |
Predictive Modules for Raytheon 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 Raytheon 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 Raytheon Technologies
For every potential investor in Raytheon, whether a beginner or expert, Raytheon Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Raytheon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Raytheon. Basic forecasting techniques help filter out the noise by identifying Raytheon Technologies' price trends.Raytheon 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 Raytheon Technologies stock to make a market-neutral strategy. Peer analysis of Raytheon Technologies could also be used in its relative valuation, which is a method of valuing Raytheon Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Raytheon 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 Raytheon 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 Raytheon Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Raytheon Technologies Market Strength Events
Market strength indicators help investors to evaluate how Raytheon 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 Raytheon Technologies shares will generate the highest return on investment. By undertsting and applying Raytheon Technologies stock market strength indicators, traders can identify Raytheon Technologies Corp entry and exit signals to maximize returns.
Raytheon Technologies Risk Indicators
The analysis of Raytheon 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 Raytheon Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting raytheon 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 | 1.11 | |||
| Semi Deviation | 1.14 | |||
| Standard Deviation | 1.44 | |||
| Variance | 2.08 | |||
| Downside Variance | 1.6 | |||
| Semi Variance | 1.31 | |||
| Expected Short fall | (1.25) |
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 Raytheon Stock
When determining whether Raytheon Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Raytheon 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 Raytheon Technologies Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Raytheon Technologies Corp Stock:Check out Historical Fundamental Analysis of Raytheon Technologies to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.