Pilgrims Pride Stock Forecast - Naive Prediction

PPC Stock  USD 49.96  0.13  0.26%   
The Naive Prediction forecasted value of Pilgrims Pride Corp on the next trading day is expected to be 51.64 with a mean absolute deviation of 0.96 and the sum of the absolute errors of 59.61. Pilgrims Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Pilgrims Pride stock prices and determine the direction of Pilgrims Pride Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Pilgrims Pride's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Pilgrims Pride's Receivables Turnover is projected to drop slightly based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 1.70, whereas Inventory Turnover is forecasted to decline to 8.92. . The current year's Net Income Applicable To Common Shares is expected to grow to about 900.7 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 124.8 M.

Pilgrims Pride Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Pilgrims Pride's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
1985-09-30
Previous Quarter
1.3 B
Current Value
1.9 B
Quarterly Volatility
294.7 M
 
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Covid
A naive forecasting model for Pilgrims Pride is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Pilgrims Pride Corp value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Pilgrims Pride Naive Prediction Price Forecast For the 15th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Pilgrims Pride Corp on the next trading day is expected to be 51.64 with a mean absolute deviation of 0.96, mean absolute percentage error of 1.41, and the sum of the absolute errors of 59.61.
Please note that although there have been many attempts to predict Pilgrims 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 Pilgrims Pride's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Pilgrims Pride Stock Forecast Pattern

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Pilgrims Pride Forecasted Value

In the context of forecasting Pilgrims Pride'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. Pilgrims Pride's downside and upside margins for the forecasting period are 49.40 and 53.88, respectively. We have considered Pilgrims Pride'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
49.96
51.64
Expected Value
53.88
Upside

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 Pilgrims Pride stock data series using in forecasting. Note that when a statistical model is used to represent Pilgrims Pride 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 Criteria120.2947
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9614
MAPEMean absolute percentage error0.0199
SAESum of the absolute errors59.6076
This model is not at all useful as a medium-long range forecasting tool of Pilgrims Pride Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Pilgrims Pride. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Pilgrims Pride

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pilgrims Pride Corp. 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
47.5949.8352.07
Details
Intrinsic
Valuation
LowRealHigh
35.3137.5554.96
Details
7 Analysts
Consensus
LowTargetHigh
23.8926.2529.14
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.141.071.48
Details

Other Forecasting Options for Pilgrims Pride

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

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

Pilgrims Pride Corp 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 Pilgrims Pride'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 Pilgrims Pride's current price.

Pilgrims Pride Market Strength Events

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

Pilgrims Pride Risk Indicators

The analysis of Pilgrims Pride'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 Pilgrims Pride's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pilgrims 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 Pilgrims Pride Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Pilgrims Pride'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 Pilgrims Pride Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pilgrims Pride Corp Stock:
Check out Historical Fundamental Analysis of Pilgrims Pride to cross-verify your projections.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Packaged Foods & Meats 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 Pilgrims Pride. If investors know Pilgrims 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 Pilgrims Pride 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
1.882
Earnings Share
4.16
Revenue Per Share
76.123
Quarterly Revenue Growth
0.052
Return On Assets
0.0909
The market value of Pilgrims Pride Corp is measured differently than its book value, which is the value of Pilgrims that is recorded on the company's balance sheet. Investors also form their own opinion of Pilgrims Pride's value that differs from its market value or its book value, called intrinsic value, which is Pilgrims Pride'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 Pilgrims Pride's market value can be influenced by many factors that don't directly affect Pilgrims Pride'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 Pilgrims Pride's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pilgrims Pride is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pilgrims Pride'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.