Arena Group Stock Forecast - Polynomial Regression

AREN
 Stock
  

USD 13.24  0.13  0.97%   

Arena Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Arena Group historical stock prices and determine the direction of Arena Group Holdings'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 Group historical fundamentals such as revenue growth or operating cash flow patterns.
Please continue to Historical Fundamental Analysis of Arena Group to cross-verify your projections.
  
Most investors in Arena Group 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 Group's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Arena Group's price structures and extracts relationships that further increase the generated results' accuracy.
Arena Group polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Arena Group Holdings as well as the accuracy indicators are determined from the period prices.

Arena Group Polynomial Regression Price Forecast For the 9th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Arena Group Holdings on the next trading day is expected to be 13.26 with a mean absolute deviation of 0.30, mean absolute percentage error of 0.16, and the sum of the absolute errors of 18.39.
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 Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Arena Group Stock Forecast Pattern

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Arena Group Forecasted Value

In the context of forecasting Arena Group'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 Group's downside and upside margins for the forecasting period are 10.29 and 16.23, respectively. We have considered Arena Group'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 13.24
13.26
Expected Value
16.23
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Arena Group stock data series using in forecasting. Note that when a statistical model is used to represent Arena Group 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 Criteria116.2878
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3015
MAPEMean absolute percentage error0.0231
SAESum of the absolute errors18.3917
A single variable polynomial regression model attempts to put a curve through the Arena Group historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Arena Group

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 Holdings. 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 Group'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 Group in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.1313.1116.09
Details
Intrinsic
Valuation
LowReal ValueHigh
10.1313.1116.09
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.0313.6014.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Arena Group. Your research has to be compared to or analyzed against Arena Group's peers to derive any actionable benefits. When done correctly, Arena Group'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 Holdings.

Other Forecasting Options for Arena Group

For every potential investor in Arena, whether a beginner or expert, Arena Group'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 Group's price trends.

Arena Group 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 Group stock to make a market-neutral strategy. Peer analysis of Arena Group could also be used in its relative valuation, which is a method of valuing Arena Group by comparing valuation metrics with similar companies.
Flowers FoodsChina Mengniu DairyKikkomanGeneral MillsJ J SnackConAgra FoodsAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian Gold
 Risk & Return  Correlation

Arena Group Holdings 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 Group'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 Group's current price.

Arena Group Market Strength Events

Market strength indicators help investors to evaluate how Arena Group 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 Group shares will generate the highest return on investment. By undertsting and applying Arena Group stock market strength indicators, traders can identify Arena Group Holdings entry and exit signals to maximize returns.

Arena Group Risk Indicators

The analysis of Arena Group'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 Group's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Arena Group 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Arena Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Arena Group

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 Group 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 Group will appreciate offsetting losses from the drop in the long position's value.

Moving against Arena Group

-0.66METAMeta Platforms Symbol ChangePairCorr
-0.62WBWeibo Corp Upward RallyPairCorr
-0.59CDLXCardlytics Upward RallyPairCorr
The ability to find closely correlated positions to Arena Group 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 Group 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 Group - 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 Arena Group Holdings to buy it.
The correlation of Arena Group 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 Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Group Holdings 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 Group 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 Group to cross-verify your projections. Note that the Arena Group Holdings information on this page should be used as a complementary analysis to other Arena Group'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Arena Group Holdings price analysis, check to measure Arena Group'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 Group is operating at the current time. Most of Arena Group's value examination focuses on studying past and present price action to predict the probability of Arena Group's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Arena Group's price. Additionally, you may evaluate how the addition of Arena Group to your portfolios can decrease your overall portfolio volatility.
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Is Arena Group'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 Group. 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 Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
243.9 M
Quarterly Revenue Growth YOY
0.12
Return On Assets
(0.23) 
The market value of Arena Group Holdings 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 Group's value that differs from its market value or its book value, called intrinsic value, which is Arena Group'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 Group's market value can be influenced by many factors that don't directly affect Arena Group'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 Group's value and its price as these two are different measures arrived at by different means. Investors typically determine Arena Group value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena Group'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.