Ceridian HCM Stock Forecast - Polynomial Regression
| CDAYDelisted Stock | USD 68.42 0.65 0.94% |
The Polynomial Regression forecasted value of Ceridian HCM Holding on the next trading day is expected to be 68.67 with a mean absolute deviation of 1.62 and the sum of the absolute errors of 98.59. Ceridian Stock Forecast is based on your current time horizon.
Ceridian |
Ceridian HCM Polynomial Regression Price Forecast For the 30th of December
Given 90 days horizon, the Polynomial Regression forecasted value of Ceridian HCM Holding on the next trading day is expected to be 68.67 with a mean absolute deviation of 1.62, mean absolute percentage error of 3.87, and the sum of the absolute errors of 98.59.Please note that although there have been many attempts to predict Ceridian 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 Ceridian HCM's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ceridian HCM Stock Forecast Pattern
| Backtest Ceridian HCM | Ceridian HCM Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Ceridian HCM stock data series using in forecasting. Note that when a statistical model is used to represent Ceridian HCM 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 | 119.464 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.6162 |
| MAPE | Mean absolute percentage error | 0.0254 |
| SAE | Sum of the absolute errors | 98.5891 |
Predictive Modules for Ceridian HCM
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ceridian HCM Holding. 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.View Ceridian HCM Related Equities
| Risk & Return | Correlation |
Ceridian HCM Market Strength Events
Market strength indicators help investors to evaluate how Ceridian HCM stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ceridian HCM shares will generate the highest return on investment. By undertsting and applying Ceridian HCM stock market strength indicators, traders can identify Ceridian HCM Holding entry and exit signals to maximize returns.
Ceridian HCM Risk Indicators
The analysis of Ceridian HCM'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 Ceridian HCM's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ceridian 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 | 1.8 | |||
| Semi Deviation | 2.4 | |||
| Standard Deviation | 2.31 | |||
| Variance | 5.35 | |||
| Downside Variance | 5.97 | |||
| Semi Variance | 5.77 | |||
| Expected Short fall | (1.87) |
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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in Ceridian Stock
If you are still planning to invest in Ceridian HCM Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ceridian HCM's history and understand the potential risks before investing.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |