Polar Power Stock Forecast - Naive Prediction
| POLA Stock | USD 2.78 0.07 2.46% |
The Naive Prediction forecasted value of Polar Power on the next trading day is expected to be 3.02 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.50. Polar Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Polar Power stock prices and determine the direction of Polar Power's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Polar Power's historical fundamentals, such as revenue growth or operating cash flow patterns.
Polar |
Polar Power Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Polar Power's financial statements to predict how it will affect future prices.
Cash | First Reported 2014-12-31 | Previous Quarter 1.1 M | Current Value 498 K | Quarterly Volatility 5.4 M |
Polar Power Naive Prediction Price Forecast For the 30th of December
Given 90 days horizon, the Naive Prediction forecasted value of Polar Power on the next trading day is expected to be 3.02 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.50.Please note that although there have been many attempts to predict Polar 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 Polar Power's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Polar Power Stock Forecast Pattern
| Backtest Polar Power | Polar Power Price Prediction | Buy or Sell Advice |
Polar Power Forecasted Value
In the context of forecasting Polar Power'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. Polar Power's downside and upside margins for the forecasting period are 0.03 and 9.95, respectively. We have considered Polar Power'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 Polar Power stock data series using in forecasting. Note that when a statistical model is used to represent Polar Power 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 | 114.9664 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1558 |
| MAPE | Mean absolute percentage error | 0.0488 |
| SAE | Sum of the absolute errors | 9.5033 |
Predictive Modules for Polar Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Polar Power. 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 Polar Power
For every potential investor in Polar, whether a beginner or expert, Polar Power's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Polar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Polar. Basic forecasting techniques help filter out the noise by identifying Polar Power's price trends.Polar Power 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 Polar Power stock to make a market-neutral strategy. Peer analysis of Polar Power could also be used in its relative valuation, which is a method of valuing Polar Power by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Polar Power 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 Polar Power'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 Polar Power's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Polar Power Market Strength Events
Market strength indicators help investors to evaluate how Polar Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Polar Power shares will generate the highest return on investment. By undertsting and applying Polar Power stock market strength indicators, traders can identify Polar Power entry and exit signals to maximize returns.
Polar Power Risk Indicators
The analysis of Polar Power'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 Polar Power's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting polar 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 | 4.98 | |||
| Standard Deviation | 7.13 | |||
| Variance | 50.89 |
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 Polar Power offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Polar Power'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 Polar Power Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Polar Power Stock:Check out Historical Fundamental Analysis of Polar Power to cross-verify your projections. For information on how to trade Polar Stock refer to our How to Trade Polar Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Heavy Electrical Equipment 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 Polar Power. If investors know Polar 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 Polar Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.24) | Revenue Per Share 0.766 | Quarterly Revenue Growth (0.17) | Return On Assets (0.15) | Return On Equity (0.47) |
The market value of Polar Power is measured differently than its book value, which is the value of Polar that is recorded on the company's balance sheet. Investors also form their own opinion of Polar Power's value that differs from its market value or its book value, called intrinsic value, which is Polar Power'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 Polar Power's market value can be influenced by many factors that don't directly affect Polar Power'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 Polar Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polar Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polar Power'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.