Mr Cooper Stock Forecast - Naive Prediction
| 07WA Stock | EUR 94.00 4.42 4.93% |
The Naive Prediction forecasted value of Mr Cooper Group on the next trading day is expected to be 98.42 with a mean absolute deviation of 1.91 and the sum of the absolute errors of 118.35. 07WA Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Mr Cooper's historical fundamentals, such as revenue growth or operating cash flow patterns.
07WA |
Mr Cooper Naive Prediction Price Forecast For the 4th of January
Given 90 days horizon, the Naive Prediction forecasted value of Mr Cooper Group on the next trading day is expected to be 98.42 with a mean absolute deviation of 1.91, mean absolute percentage error of 6.16, and the sum of the absolute errors of 118.35.Please note that although there have been many attempts to predict 07WA 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 Mr Cooper's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mr Cooper Stock Forecast Pattern
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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 Mr Cooper stock data series using in forecasting. Note that when a statistical model is used to represent Mr Cooper 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 | 121.7669 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.9088 |
| MAPE | Mean absolute percentage error | 0.0217 |
| SAE | Sum of the absolute errors | 118.3457 |
Predictive Modules for Mr Cooper
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mr Cooper Group. 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.Mr Cooper 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 Mr Cooper stock to make a market-neutral strategy. Peer analysis of Mr Cooper could also be used in its relative valuation, which is a method of valuing Mr Cooper by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mr Cooper Market Strength Events
Market strength indicators help investors to evaluate how Mr Cooper stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mr Cooper shares will generate the highest return on investment. By undertsting and applying Mr Cooper stock market strength indicators, traders can identify Mr Cooper Group entry and exit signals to maximize returns.
Mr Cooper Risk Indicators
The analysis of Mr Cooper'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 Mr Cooper's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 07wa 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 | 1.36 | |||
| Semi Deviation | 1.42 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.55 | |||
| Downside Variance | 2.56 | |||
| Semi Variance | 2.01 | |||
| Expected Short fall | (1.55) |
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.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in 07WA Stock
When determining whether Mr Cooper Group 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 07WA 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 Mr Cooper Group Stock. Highlighted below are key reports to facilitate an investment decision about Mr Cooper Group Stock:Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.