Arena Stock Forecast - Naive Prediction

AREN
 Stock
  

USD 13.43  0.06  0.44%   

Arena Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Arena historical stock prices and determine the direction of The Arena Group'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 Arena historical fundamentals such as revenue growth or operating cash flow patterns.
Please continue to Historical Fundamental Analysis of Arena to cross-verify your projections.
  
Most investors in Arena 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 Arena's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Arena's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Arena is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of The Arena Group value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Arena Naive Prediction Price Forecast For the 1st of December

Given 90 days horizon, the Naive Prediction forecasted value of The Arena Group on the next trading day is expected to be 13.73 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.19, and the sum of the absolute errors of 20.57.
Please note that although there have been many attempts to predict Arena 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 Arena's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Arena Stock Forecast Pattern

Backtest ArenaArena Price PredictionBuy or Sell Advice 

Arena Forecasted Value

In the context of forecasting Arena'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. Arena's downside and upside margins for the forecasting period are 9.97 and 17.50, respectively. We have considered Arena'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 13.43
13.73
Expected Value
17.50
Upside

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 Arena stock data series using in forecasting. Note that when a statistical model is used to represent Arena 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 Criteria116.4388
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3373
MAPEMean absolute percentage error0.0261
SAESum of the absolute errors20.5731
This model is not at all useful as a medium-long range forecasting tool of The Arena Group. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Arena. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Arena

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Arena Group. 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 Arena'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 Arena in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.5613.3517.14
Details
Intrinsic
Valuation
LowReal ValueHigh
9.4013.1916.98
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.9813.6414.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Arena. Your research has to be compared to or analyzed against Arena's peers to derive any actionable benefits. When done correctly, Arena'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 Arena Group.

Other Forecasting Options for Arena

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

Arena 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 Arena stock to make a market-neutral strategy. Peer analysis of Arena could also be used in its relative valuation, which is a method of valuing Arena by comparing valuation metrics with similar companies.
Bristol Myer SquiUlta BeautyBerkshire HathawayApple IncAmazon IncUnitedhealth GroupAlphabet Cl CMicrosoft CorpFUBON FINANCIAL HLDGExxon Mobil CorpAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual European
 Risk & Return  Correlation

Arena Group 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 Arena'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 Arena's current price.

Arena Market Strength Events

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

Arena Risk Indicators

The analysis of Arena'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 Arena's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Arena 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.
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 Arena 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, Arena's short interest history, or implied volatility extrapolated from Arena options trading.

Pair Trading with Arena

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 Arena 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 Arena will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Arena could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena 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 Arena - 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 The Arena Group to buy it.
The correlation of Arena 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 Arena moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Group 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 Arena 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 Arena to cross-verify your projections. Note that the Arena Group information on this page should be used as a complementary analysis to other Arena's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Arena Stock analysis

When running Arena Group price analysis, check to measure Arena'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 Arena is operating at the current time. Most of Arena's value examination focuses on studying past and present price action to predict the probability of Arena's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Arena's price. Additionally, you may evaluate how the addition of Arena to your portfolios can decrease your overall portfolio volatility.
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Is Arena'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 Arena. If investors know Arena 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 Arena listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
246.1 M
Quarterly Revenue Growth YOY
0.12
Return On Assets
(0.23) 
The market value of Arena Group is measured differently than its book value, which is the value of Arena that is recorded on the company's balance sheet. Investors also form their own opinion of Arena's value that differs from its market value or its book value, called intrinsic value, which is Arena'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 Arena's market value can be influenced by many factors that don't directly affect Arena'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 Arena's value and its price as these two are different measures arrived at by different means. Investors typically determine Arena value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena'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.