Arrow Electronics Stock Forecast - Naive Prediction
| ARW Stock | USD 119.39 1.48 1.22% |
The Naive Prediction forecasted value of Arrow Electronics on the next trading day is expected to be 126.48 with a mean absolute deviation of 2.22 and the sum of the absolute errors of 137.85. Arrow Stock Forecast is based on your current time horizon.
Arrow |
Open Interest Against 2024-12-20 Arrow Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Arrow Electronics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Arrow Electronics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Arrow Electronics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Arrow Electronics' open interest, investors have to compare it to Arrow Electronics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Arrow Electronics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Arrow. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Arrow Electronics' financial statements to predict how it will affect future prices.
Cash | First Reported 1985-12-31 | Previous Quarter 213 M | Current Value 248 M | Quarterly Volatility 249.9 M |
Arrow Electronics Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of Arrow Electronics on the next trading day is expected to be 126.48 with a mean absolute deviation of 2.22, mean absolute percentage error of 8.07, and the sum of the absolute errors of 137.85.Please note that although there have been many attempts to predict Arrow 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 Arrow Electronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Arrow Electronics Stock Forecast Pattern
| Backtest Arrow Electronics | Arrow Electronics Price Prediction | Buy or Sell Advice |
Arrow Electronics Forecasted Value
In the context of forecasting Arrow Electronics' 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. Arrow Electronics' downside and upside margins for the forecasting period are 124.32 and 128.65, respectively. We have considered Arrow Electronics' 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 Arrow Electronics stock data series using in forecasting. Note that when a statistical model is used to represent Arrow Electronics 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 | 122.0361 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.2234 |
| MAPE | Mean absolute percentage error | 0.0175 |
| SAE | Sum of the absolute errors | 137.8495 |
Predictive Modules for Arrow Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Arrow Electronics. 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 Arrow Electronics
For every potential investor in Arrow, whether a beginner or expert, Arrow Electronics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Arrow Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Arrow. Basic forecasting techniques help filter out the noise by identifying Arrow Electronics' price trends.Arrow Electronics 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 Arrow Electronics stock to make a market-neutral strategy. Peer analysis of Arrow Electronics could also be used in its relative valuation, which is a method of valuing Arrow Electronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Arrow Electronics 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 Arrow Electronics' 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 Arrow Electronics' current price.| Cycle Indicators | ||
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Arrow Electronics Market Strength Events
Market strength indicators help investors to evaluate how Arrow Electronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arrow Electronics shares will generate the highest return on investment. By undertsting and applying Arrow Electronics stock market strength indicators, traders can identify Arrow Electronics entry and exit signals to maximize returns.
| Accumulation Distribution | 6493.66 | |||
| Daily Balance Of Power | (0.53) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 120.65 | |||
| Day Typical Price | 120.23 | |||
| Price Action Indicator | (2.00) | |||
| Period Momentum Indicator | (1.48) | |||
| Relative Strength Index | 29.82 |
Arrow Electronics Risk Indicators
The analysis of Arrow Electronics' 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 Arrow Electronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting arrow 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 | 1.26 | |||
| Standard Deviation | 2.12 | |||
| Variance | 4.47 |
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.Additional Tools for Arrow Stock Analysis
When running Arrow Electronics' price analysis, check to measure Arrow Electronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Arrow Electronics is operating at the current time. Most of Arrow Electronics' value examination focuses on studying past and present price action to predict the probability of Arrow Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arrow Electronics' price. Additionally, you may evaluate how the addition of Arrow Electronics to your portfolios can decrease your overall portfolio volatility.