Public Storage Stock Forecast - Naive Prediction
| P1SA34 Stock | BRL 372.24 7.23 1.98% |
The Naive Prediction forecasted value of Public Storage on the next trading day is expected to be 375.66 with a mean absolute deviation of 5.26 and the sum of the absolute errors of 321.04. Public Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Public Storage stock prices and determine the direction of Public Storage's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Public Storage's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Public Storage Naive Prediction Price Forecast For the 7th of January
Given 90 days horizon, the Naive Prediction forecasted value of Public Storage on the next trading day is expected to be 375.66 with a mean absolute deviation of 5.26, mean absolute percentage error of 47.98, and the sum of the absolute errors of 321.04.Please note that although there have been many attempts to predict Public 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 Public Storage's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Public Storage Stock Forecast Pattern
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Public Storage Forecasted Value
In the context of forecasting Public Storage'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. Public Storage's downside and upside margins for the forecasting period are 373.84 and 377.47, respectively. We have considered Public Storage'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 Public Storage stock data series using in forecasting. Note that when a statistical model is used to represent Public Storage 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 | 121.9813 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.263 |
| MAPE | Mean absolute percentage error | 0.0137 |
| SAE | Sum of the absolute errors | 321.0444 |
Predictive Modules for Public Storage
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Public Storage. 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 Public Storage
For every potential investor in Public, whether a beginner or expert, Public Storage's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Public Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Public. Basic forecasting techniques help filter out the noise by identifying Public Storage's price trends.Public Storage 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 Public Storage stock to make a market-neutral strategy. Peer analysis of Public Storage could also be used in its relative valuation, which is a method of valuing Public Storage by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Public Storage 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 Public Storage'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 Public Storage's current price.| Cycle Indicators | ||
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| Volume Indicators |
Public Storage Market Strength Events
Market strength indicators help investors to evaluate how Public Storage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Public Storage shares will generate the highest return on investment. By undertsting and applying Public Storage stock market strength indicators, traders can identify Public Storage entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 372.24 | |||
| Day Typical Price | 372.24 | |||
| Price Action Indicator | 3.62 | |||
| Period Momentum Indicator | 7.23 |
Public Storage Risk Indicators
The analysis of Public Storage'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 Public Storage's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting public 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 | 0.965 | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.19 |
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Information and Resources on Investing in Public Stock
When determining whether Public Storage offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Public Storage'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 Public Storage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Public Storage Stock:Check out Historical Fundamental Analysis of Public Storage to cross-verify your projections. For information on how to trade Public Stock refer to our How to Trade Public Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.