Aaon Stock Forecast - Simple Regression

AAON
 Stock
  

USD 75.48  3.08  3.92%   

Aaon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Aaon historical stock prices and determine the direction of Aaon Inc's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Aaon historical fundamentals such as revenue growth or operating cash flow patterns. Although Aaon naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Aaon Inc systematic risk associated with finding meaningful patterns of Aaon fundamentals over time.
Please continue to Historical Fundamental Analysis of Aaon to cross-verify your projections.
  
Aaon Asset Turnover is quite stable at the moment as compared to the past year. The company's current value of Asset Turnover is estimated at 1.36. Weighted Average Shares is expected to rise to about 58.7 M this year. Weighted Average Shares Diluted is expected to rise to about 59.8 M this year.

Open Interest Agains t 2022-12-16 Aaon Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Aaon's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Aaon's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Aaon stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Aaon's open interest, investors have to compare it to Aaon's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Aaon is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Aaon. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Aaon cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Aaon's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Aaon's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through Aaon 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.

Aaon Simple Regression Price Forecast For the 30th of November

Given 90 days horizon, the Simple Regression forecasted value of Aaon Inc on the next trading day is expected to be 76.03 with a mean absolute deviation of 4.81, mean absolute percentage error of 28.25, and the sum of the absolute errors of 293.15.
Please note that although there have been many attempts to predict Aaon 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 Aaon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Aaon Stock Forecast Pattern

Backtest AaonAaon Price PredictionBuy or Sell Advice 

Aaon Forecasted Value

In the context of forecasting Aaon'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. Aaon's downside and upside margins for the forecasting period are 73.15 and 78.92, respectively. We have considered Aaon'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 75.48
76.03
Expected Value
78.92
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 Aaon stock data series using in forecasting. Note that when a statistical model is used to represent Aaon 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 Criteria121.4517
BiasArithmetic mean of the errors None
MADMean absolute deviation4.8058
MAPEMean absolute percentage error0.0783
SAESum of the absolute errors293.153
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 Aaon Inc 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 Aaon

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aaon Inc. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Aaon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Aaon in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
73.6876.5279.36
Details
Intrinsic
Valuation
LowReal ValueHigh
74.2077.0479.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
65.6374.6683.69
Details
1 Analysts
Consensus
LowTarget PriceHigh
70.0070.0070.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aaon. Your research has to be compared to or analyzed against Aaon's peers to derive any actionable benefits. When done correctly, Aaon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Aaon Inc.

Other Forecasting Options for Aaon

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

Aaon 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 Aaon stock to make a market-neutral strategy. Peer analysis of Aaon could also be used in its relative valuation, which is a method of valuing Aaon by comparing valuation metrics with similar companies.
Johnson Controls IntlNibe Industrier AbAir Products AndAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondSeagate Technology Hldgs
 Risk & Return  Correlation

Aaon Inc 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 Aaon'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 Aaon's current price.

Aaon Market Strength Events

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

Aaon Risk Indicators

The analysis of Aaon's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Aaon's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Aaon stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Aaon Investors Sentiment

The influence of Aaon's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aaon. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Aaon's public news can be used to forecast risks associated with investment in Aaon. The trend in average sentiment can be used to explain how an investor holding Aaon can time the market purely based on public headlines and social activities around Aaon Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Aaon's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aaon's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aaon's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aaon.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aaon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aaon's short interest history, or implied volatility extrapolated from Aaon options trading.

Pair Trading with Aaon

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aaon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aaon will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aaon

+0.77APAApa Corp Potential GrowthPairCorr
+0.91JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
+0.77GEOGeo Group Normal TradingPairCorr
The ability to find closely correlated positions to Aaon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aaon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aaon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aaon Inc to buy it.
The correlation of Aaon is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aaon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aaon Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aaon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Historical Fundamental Analysis of Aaon to cross-verify your projections. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for analysis

When running Aaon Inc price analysis, check to measure Aaon's 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 Aaon is operating at the current time. Most of Aaon's value examination focuses on studying past and present price action to predict the probability of Aaon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aaon's price. Additionally, you may evaluate how the addition of Aaon to your portfolios can decrease your overall portfolio volatility.
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Is Aaon's industry 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 Aaon. If investors know Aaon 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 Aaon 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 YOY
0.76
Market Capitalization
4.2 B
Quarterly Revenue Growth YOY
0.75
Return On Assets
0.0829
Return On Equity
0.15
The market value of Aaon Inc is measured differently than its book value, which is the value of Aaon that is recorded on the company's balance sheet. Investors also form their own opinion of Aaon's value that differs from its market value or its book value, called intrinsic value, which is Aaon's 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 Aaon's market value can be influenced by many factors that don't directly affect Aaon's 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 Aaon's value and its price as these two are different measures arrived at by different means. Investors typically determine Aaon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aaon'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.