PulteGroup Stock Forecast - Simple Regression

PU7 Stock  EUR 104.56  0.86  0.82%   
The Simple Regression forecasted value of PulteGroup on the next trading day is expected to be 114.83 with a mean absolute deviation of 4.11 and the sum of the absolute errors of 250.77. PulteGroup Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of PulteGroup's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through PulteGroup price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

PulteGroup Simple Regression Price Forecast For the 24th of December

Given 90 days horizon, the Simple Regression forecasted value of PulteGroup on the next trading day is expected to be 114.83 with a mean absolute deviation of 4.11, mean absolute percentage error of 27.51, and the sum of the absolute errors of 250.77.
Please note that although there have been many attempts to predict PulteGroup 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 PulteGroup's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

PulteGroup Stock Forecast Pattern

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PulteGroup Forecasted Value

In the context of forecasting PulteGroup'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. PulteGroup's downside and upside margins for the forecasting period are 112.44 and 117.21, respectively. We have considered PulteGroup'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
104.56
112.44
Downside
114.83
Expected Value
117.21
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of PulteGroup stock data series using in forecasting. Note that when a statistical model is used to represent PulteGroup 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 Criteria121.4252
BiasArithmetic mean of the errors None
MADMean absolute deviation4.111
MAPEMean absolute percentage error0.0338
SAESum of the absolute errors250.772
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as PulteGroup historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for PulteGroup

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PulteGroup. 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
102.18104.56106.94
Details
Intrinsic
Valuation
LowRealHigh
92.0094.38115.02
Details

Other Forecasting Options for PulteGroup

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

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

PulteGroup 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 PulteGroup'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 PulteGroup's current price.

PulteGroup Market Strength Events

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

PulteGroup Risk Indicators

The analysis of PulteGroup'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 PulteGroup's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pultegroup 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.

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Additional Information and Resources on Investing in PulteGroup Stock

When determining whether PulteGroup is a strong investment it is important to analyze PulteGroup's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PulteGroup's future performance. For an informed investment choice regarding PulteGroup Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of PulteGroup to cross-verify your projections.
For more detail on how to invest in PulteGroup Stock please use our How to Invest in PulteGroup guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Please note, there is a significant difference between PulteGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if PulteGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PulteGroup'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.