Roper Technologies, Stock Forecast - Naive Prediction
| R1OP34 Stock | BRL 333.00 0.00 0.00% |
The Naive Prediction forecasted value of Roper Technologies, on the next trading day is expected to be 320.96 with a mean absolute deviation of 3.43 and the sum of the absolute errors of 209.44. Roper Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Roper Technologies, stock prices and determine the direction of Roper Technologies,'s future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Roper Technologies,'s historical fundamentals, such as revenue growth or operating cash flow patterns.
Roper |
Roper Technologies, Naive Prediction Price Forecast For the 7th of January
Given 90 days horizon, the Naive Prediction forecasted value of Roper Technologies, on the next trading day is expected to be 320.96 with a mean absolute deviation of 3.43, mean absolute percentage error of 28.32, and the sum of the absolute errors of 209.44.Please note that although there have been many attempts to predict Roper 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 Roper Technologies,'s next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Roper Technologies, Stock Forecast Pattern
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Roper Technologies, Forecasted Value
In the context of forecasting Roper Technologies,'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. Roper Technologies,'s downside and upside margins for the forecasting period are 319.34 and 322.57, respectively. We have considered Roper Technologies,'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 Roper Technologies, stock data series using in forecasting. Note that when a statistical model is used to represent Roper Technologies, 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 | 121.4539 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.4335 |
| MAPE | Mean absolute percentage error | 0.011 |
| SAE | Sum of the absolute errors | 209.4413 |
Predictive Modules for Roper Technologies,
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Roper Technologies,. 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 Roper Technologies,
For every potential investor in Roper, whether a beginner or expert, Roper Technologies,'s price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Roper Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Roper. Basic forecasting techniques help filter out the noise by identifying Roper Technologies,'s price trends.Roper Technologies, 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 Roper Technologies, stock to make a market-neutral strategy. Peer analysis of Roper Technologies, could also be used in its relative valuation, which is a method of valuing Roper Technologies, by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Roper Technologies, 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 Roper Technologies,'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 Roper Technologies,'s current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Roper Technologies, Market Strength Events
Market strength indicators help investors to evaluate how Roper Technologies, stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roper Technologies, shares will generate the highest return on investment. By undertsting and applying Roper Technologies, stock market strength indicators, traders can identify Roper Technologies, entry and exit signals to maximize returns.
Roper Technologies, Risk Indicators
The analysis of Roper Technologies,'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 Roper Technologies,'s investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting roper 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 | 0.3715 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.54 |
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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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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Information and Resources on Investing in Roper Stock
When determining whether Roper Technologies, is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Roper Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Roper Technologies, Stock. Highlighted below are key reports to facilitate an investment decision about Roper Technologies, Stock:Check out Historical Fundamental Analysis of Roper Technologies, to cross-verify your projections. For information on how to trade Roper Stock refer to our How to Trade Roper Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.