Paramount Global Stock Forecast - 8 Period Moving Average

PARA Stock  USD 10.66  0.08  0.76%   
The 8 Period Moving Average forecasted value of Paramount Global Class on the next trading day is expected to be 10.89 with a mean absolute deviation of 0.25 and the sum of the absolute errors of 13.17. Paramount Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Paramount Global stock prices and determine the direction of Paramount Global Class's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Paramount Global's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Paramount Global's Inventory Turnover is projected to slightly grow based on the last few years of reporting. The current year's Receivables Turnover is expected to grow to 5.40, whereas Payables Turnover is forecasted to decline to 16.54. . The current year's Net Income Applicable To Common Shares is expected to grow to about 2 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 649.8 M.
An 8-period moving average forecast model for Paramount Global is based on an artificially constructed time series of Paramount Global daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Paramount Global 8 Period Moving Average Price Forecast For the 24th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Paramount Global Class on the next trading day is expected to be 10.89 with a mean absolute deviation of 0.25, mean absolute percentage error of 0.11, and the sum of the absolute errors of 13.17.
Please note that although there have been many attempts to predict Paramount 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 Paramount Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Paramount Global Stock Forecast Pattern

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Paramount Global Forecasted Value

In the context of forecasting Paramount Global'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. Paramount Global's downside and upside margins for the forecasting period are 8.97 and 12.81, respectively. We have considered Paramount Global'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
10.66
10.89
Expected Value
12.81
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Paramount Global stock data series using in forecasting. Note that when a statistical model is used to represent Paramount Global 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 Criteria101.1582
BiasArithmetic mean of the errors -0.0239
MADMean absolute deviation0.2485
MAPEMean absolute percentage error0.0229
SAESum of the absolute errors13.1725
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Paramount Global Class 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Paramount Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Paramount Global Class. 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
8.7510.6612.57
Details
Intrinsic
Valuation
LowRealHigh
9.5913.5715.48
Details
27 Analysts
Consensus
LowTargetHigh
14.8816.3518.15
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.370.450.56
Details

Other Forecasting Options for Paramount Global

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

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

Paramount Global Class 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 Paramount Global'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 Paramount Global's current price.

Paramount Global Market Strength Events

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

Paramount Global Risk Indicators

The analysis of Paramount Global'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 Paramount Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting paramount 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 Paramount Global Class offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paramount Global'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 Paramount Global Class Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paramount Global Class Stock:
Check out Historical Fundamental Analysis of Paramount Global to cross-verify your projections.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Broadcasting 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 Paramount Global. If investors know Paramount 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 Paramount Global 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
79.876
Dividend Share
0.2
Earnings Share
(9.06)
Revenue Per Share
43.672
Quarterly Revenue Growth
(0.06)
The market value of Paramount Global Class is measured differently than its book value, which is the value of Paramount that is recorded on the company's balance sheet. Investors also form their own opinion of Paramount Global's value that differs from its market value or its book value, called intrinsic value, which is Paramount Global'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 Paramount Global's market value can be influenced by many factors that don't directly affect Paramount Global'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 Paramount Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paramount Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paramount Global'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.