Compass Diversified Preferred Stock Forecast - Naive Prediction
| CODI-PB Preferred Stock | USD 23.63 0.05 0.21% |
The Naive Prediction forecasted value of Compass Diversified on the next trading day is expected to be 23.82 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.47. Compass Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Compass Diversified stock prices and determine the direction of Compass Diversified's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Compass Diversified's historical fundamentals, such as revenue growth or operating cash flow patterns.
Compass |
Compass Diversified Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Compass Diversified on the next trading day is expected to be 23.82 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.47.Please note that although there have been many attempts to predict Compass Preferred 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 Compass Diversified's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Compass Diversified Preferred Stock Forecast Pattern
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Compass Diversified Forecasted Value
In the context of forecasting Compass Diversified's Preferred 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. Compass Diversified's downside and upside margins for the forecasting period are 23.47 and 24.16, respectively. We have considered Compass Diversified'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 Compass Diversified preferred stock data series using in forecasting. Note that when a statistical model is used to represent Compass Diversified preferred 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 | 113.2651 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0732 |
| MAPE | Mean absolute percentage error | 0.003 |
| SAE | Sum of the absolute errors | 4.4668 |
Predictive Modules for Compass Diversified
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Compass Diversified. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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 Compass Diversified
For every potential investor in Compass, whether a beginner or expert, Compass Diversified's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Compass Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Compass. Basic forecasting techniques help filter out the noise by identifying Compass Diversified's price trends.Compass Diversified 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 Compass Diversified preferred stock to make a market-neutral strategy. Peer analysis of Compass Diversified could also be used in its relative valuation, which is a method of valuing Compass Diversified by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Compass Diversified Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Compass Diversified'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 Compass Diversified's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Compass Diversified Market Strength Events
Market strength indicators help investors to evaluate how Compass Diversified preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Compass Diversified shares will generate the highest return on investment. By undertsting and applying Compass Diversified preferred stock market strength indicators, traders can identify Compass Diversified entry and exit signals to maximize returns.
Compass Diversified Risk Indicators
The analysis of Compass Diversified'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 Compass Diversified's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting compass preferred 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 | 0.262 | |||
| Standard Deviation | 0.3684 | |||
| Variance | 0.1357 |
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.Other Information on Investing in Compass Preferred Stock
Compass Diversified financial ratios help investors to determine whether Compass Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Compass with respect to the benefits of owning Compass Diversified security.