North American Stock Forecast - Polynomial Regression

NOA Stock  USD 21.07  0.11  0.52%   
The Polynomial Regression forecasted value of North American Construction on the next trading day is expected to be 20.82 with a mean absolute deviation of 0.70 and the sum of the absolute errors of 42.88. North Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast North American stock prices and determine the direction of North American Construction's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of North American's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, North American's Payables Turnover is projected to slightly decrease based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 1.19, whereas Inventory Turnover is forecasted to decline to 11.74. . The current year's Common Stock Shares Outstanding is expected to grow to about 34.6 M. The current year's Net Income Applicable To Common Shares is expected to grow to about 81.4 M.

Open Interest Against 2024-12-20 North Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast North American's 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 North American's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for North American 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 North American's open interest, investors have to compare it to North American's 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 North American 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 North. 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.
North American polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for North American Construction as well as the accuracy indicators are determined from the period prices.

North American Polynomial Regression Price Forecast For the 12th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of North American Construction on the next trading day is expected to be 20.82 with a mean absolute deviation of 0.70, mean absolute percentage error of 0.74, and the sum of the absolute errors of 42.88.
Please note that although there have been many attempts to predict North 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 North American's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

North American Stock Forecast Pattern

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North American Forecasted Value

In the context of forecasting North American's 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. North American's downside and upside margins for the forecasting period are 18.25 and 23.38, respectively. We have considered North American'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.
Market Value
21.07
20.82
Expected Value
23.38
Upside

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 North American stock data series using in forecasting. Note that when a statistical model is used to represent North American 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.
AICAkaike Information Criteria117.8129
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7029
MAPEMean absolute percentage error0.0376
SAESum of the absolute errors42.8795
A single variable polynomial regression model attempts to put a curve through the North American historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for North American

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North American Const. 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.
Hype
Prediction
LowEstimatedHigh
18.5521.1223.69
Details
Intrinsic
Valuation
LowRealHigh
20.9823.5526.12
Details
Bollinger
Band Projection (param)
LowMiddleHigh
20.7220.9721.22
Details
8 Analysts
Consensus
LowTargetHigh
27.5530.2833.61
Details

Other Forecasting Options for North American

For every potential investor in North, whether a beginner or expert, North American's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. North Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in North. Basic forecasting techniques help filter out the noise by identifying North American's price trends.

North American 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 North American stock to make a market-neutral strategy. Peer analysis of North American could also be used in its relative valuation, which is a method of valuing North American by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

North American Const 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 North American'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 North American's current price.

North American Market Strength Events

Market strength indicators help investors to evaluate how North American stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading North American shares will generate the highest return on investment. By undertsting and applying North American stock market strength indicators, traders can identify North American Construction entry and exit signals to maximize returns.

North American Risk Indicators

The analysis of North American'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 North American's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting north 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.
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.
When determining whether North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American's 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 North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:
Check out Historical Fundamental Analysis of North American to cross-verify your projections.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of North American. If investors know North will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about North American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.196
Dividend Share
0.4
Earnings Share
1.34
Revenue Per Share
44.139
Quarterly Revenue Growth
0.457
The market value of North American Const is measured differently than its book value, which is the value of North that is recorded on the company's balance sheet. Investors also form their own opinion of North American's value that differs from its market value or its book value, called intrinsic value, which is North American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because North American's market value can be influenced by many factors that don't directly affect North American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.