Roadman Investments Stock Forecast - Naive Prediction
| RMANF Stock | USD 0.88 0.0009 0.10% |
The Naive Prediction forecasted value of Roadman Investments Corp on the next trading day is expected to be 0.88 with a mean absolute deviation of 0.000037 and the sum of the absolute errors of 0. Roadman Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Roadman Investments' historical fundamentals, such as revenue growth or operating cash flow patterns.
Roadman |
Roadman Investments Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Roadman Investments' financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2018-03-31 | Previous Quarter 789.2 K | Current Value 178.4 K | Quarterly Volatility 433.9 K |
Roadman Investments Naive Prediction Price Forecast For the 17th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Roadman Investments Corp on the next trading day is expected to be 0.88 with a mean absolute deviation of 0.000037, mean absolute percentage error of 0.00000001, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Roadman 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 Roadman Investments' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Roadman Investments Stock Forecast Pattern
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Roadman Investments Forecasted Value
In the context of forecasting Roadman Investments' 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. Roadman Investments' downside and upside margins for the forecasting period are 0.87 and 0.89, respectively. We have considered Roadman Investments' 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 Roadman Investments stock data series using in forecasting. Note that when a statistical model is used to represent Roadman Investments 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 | 99.9072 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0023 |
Predictive Modules for Roadman Investments
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Roadman Investments 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.Other Forecasting Options for Roadman Investments
For every potential investor in Roadman, whether a beginner or expert, Roadman Investments' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Roadman Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Roadman. Basic forecasting techniques help filter out the noise by identifying Roadman Investments' price trends.Roadman Investments 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 Roadman Investments stock to make a market-neutral strategy. Peer analysis of Roadman Investments could also be used in its relative valuation, which is a method of valuing Roadman Investments by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Roadman Investments 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 Roadman Investments' 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 Roadman Investments' current price.| Cycle Indicators | ||
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Roadman Investments Market Strength Events
Market strength indicators help investors to evaluate how Roadman Investments stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roadman Investments shares will generate the highest return on investment. By undertsting and applying Roadman Investments stock market strength indicators, traders can identify Roadman Investments Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.88 | |||
| Day Typical Price | 0.88 | |||
| Price Action Indicator | (0) | |||
| Period Momentum Indicator | (0.0009) |
Currently Active Assets on Macroaxis
When determining whether Roadman Investments Corp is a strong investment it is important to analyze Roadman Investments' 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 Roadman Investments' future performance. For an informed investment choice regarding Roadman Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Roadman Investments to cross-verify your projections. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Asset Management & Custody Banks 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 Roadman Investments. If investors know Roadman 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 Roadman Investments 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 (0.68) | Earnings Share (0.58) | Quarterly Revenue Growth (0.89) | Return On Assets (0.13) | Return On Equity (0.29) |
The market value of Roadman Investments Corp is measured differently than its book value, which is the value of Roadman that is recorded on the company's balance sheet. Investors also form their own opinion of Roadman Investments' value that differs from its market value or its book value, called intrinsic value, which is Roadman Investments' 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 Roadman Investments' market value can be influenced by many factors that don't directly affect Roadman Investments' 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 Roadman Investments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Roadman Investments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roadman Investments' 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.