Power Solutions Stock Forecast - Naive Prediction
| PSIX Stock | USD 35.05 0.92 2.56% |
The Naive Prediction forecasted value of Power Solutions International, on the next trading day is expected to be 32.10 with a mean absolute deviation of 1.95 and the sum of the absolute errors of 118.90. Power Stock Forecast is based on your current time horizon.
Power |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Power Solutions' financial statements to predict how it will affect future prices.
Cash | First Reported 2005-12-31 | Previous Quarter 32 M | Current Value 40.5 M | Quarterly Volatility 11 M |
Power Solutions Naive Prediction Price Forecast For the 20th of January
Given 90 days horizon, the Naive Prediction forecasted value of Power Solutions International, on the next trading day is expected to be 32.10 with a mean absolute deviation of 1.95, mean absolute percentage error of 6.69, and the sum of the absolute errors of 118.90.Please note that although there have been many attempts to predict Power 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 Power Solutions' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Power Solutions Stock Forecast Pattern
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Power Solutions Forecasted Value
In the context of forecasting Power Solutions' 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. Power Solutions' downside and upside margins for the forecasting period are 22.11 and 42.09, respectively. We have considered Power Solutions' 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 Power Solutions stock data series using in forecasting. Note that when a statistical model is used to represent Power Solutions 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 | 120.0113 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.9492 |
| MAPE | Mean absolute percentage error | 0.0791 |
| SAE | Sum of the absolute errors | 118.8994 |
Predictive Modules for Power Solutions
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Power Solutions Inte. 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 Power Solutions
For every potential investor in Power, whether a beginner or expert, Power Solutions' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Power Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Power. Basic forecasting techniques help filter out the noise by identifying Power Solutions' price trends.View Power Solutions Related Equities
| Risk & Return | Correlation |
Power Solutions Inte 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 Power Solutions' 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 Power Solutions' current price.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Power Solutions Market Strength Events
Market strength indicators help investors to evaluate how Power Solutions stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Power Solutions shares will generate the highest return on investment. By undertsting and applying Power Solutions stock market strength indicators, traders can identify Power Solutions International, entry and exit signals to maximize returns.
Power Solutions Risk Indicators
The analysis of Power Solutions' 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 Power Solutions' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting power 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 | 7.15 | |||
| Semi Deviation | 6.8 | |||
| Standard Deviation | 9.7 | |||
| Variance | 94.05 | |||
| Downside Variance | 51.61 | |||
| Semi Variance | 46.27 | |||
| Expected Short fall | (8.63) |
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.
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Additional Tools for Power Stock Analysis
When running Power Solutions' price analysis, check to measure Power Solutions' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Power Solutions is operating at the current time. Most of Power Solutions' value examination focuses on studying past and present price action to predict the probability of Power Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Power Solutions' price. Additionally, you may evaluate how the addition of Power Solutions to your portfolios can decrease your overall portfolio volatility.