Archrock Stock Forecast - Polynomial Regression

AROC
 Stock
  

USD 8.87  0.04  0.45%   

Archrock Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Archrock historical stock prices and determine the direction of Archrock'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 Archrock historical fundamentals such as revenue growth or operating cash flow patterns. Although Archrock naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Archrock systematic risk associated with finding meaningful patterns of Archrock fundamentals over time.
Please continue to Historical Fundamental Analysis of Archrock to cross-verify your projections.
  
Archrock PPandE Turnover is projected to slightly decrease based on the last few years of reporting. The past year's PPandE Turnover was at 0.34. The current year Cash and Equivalents Turnover is expected to grow to 632.52, whereas Receivables Turnover is forecasted to decline to 6.28. . The current year Weighted Average Shares is expected to grow to about 163.7 M. The current year Weighted Average Shares Diluted is expected to grow to about 163.8 M.

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

Although open interest is a measure utilized in the options markets, it could be used to forecast Archrock'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 Archrock's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Archrock 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 Archrock's open interest, investors have to compare it to Archrock'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 Archrock 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 Archrock. 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 Archrock 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 Archrock's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Archrock's price structures and extracts relationships that further increase the generated results' accuracy.
Archrock polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Archrock as well as the accuracy indicators are determined from the period prices.

Archrock Polynomial Regression Price Forecast For the 6th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Archrock on the next trading day is expected to be 8.63 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.06, and the sum of the absolute errors of 12.13.
Please note that although there have been many attempts to predict Archrock 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 Archrock's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Archrock Stock Forecast Pattern

Backtest ArchrockArchrock Price PredictionBuy or Sell Advice 

Archrock Forecasted Value

In the context of forecasting Archrock'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. Archrock's downside and upside margins for the forecasting period are 6.07 and 11.20, respectively. We have considered Archrock'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 8.87
8.63
Expected Value
11.20
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 Archrock stock data series using in forecasting. Note that when a statistical model is used to represent Archrock 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 Criteria115.3194
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1988
MAPEMean absolute percentage error0.0263
SAESum of the absolute errors12.1292
A single variable polynomial regression model attempts to put a curve through the Archrock 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 Archrock

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Archrock. 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 Archrock'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 Archrock in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
6.168.7511.34
Details
Intrinsic
Valuation
LowReal ValueHigh
7.309.8912.48
Details
2 Analysts
Consensus
LowTarget PriceHigh
10.0010.5011.00
Details
Earnings
Estimates (1)
LowProjected EPSHigh
0.230.230.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Archrock. Your research has to be compared to or analyzed against Archrock's peers to derive any actionable benefits. When done correctly, Archrock'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 Archrock.

Other Forecasting Options for Archrock

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

Archrock 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 Archrock stock to make a market-neutral strategy. Peer analysis of Archrock could also be used in its relative valuation, which is a method of valuing Archrock by comparing valuation metrics with similar companies.
Dmc GlobalNow IncEnerflexFlotek IndustriesAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian GoldAramark HoldingsVanguard Long-Term
 Risk & Return  Correlation

Archrock 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 Archrock'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 Archrock's current price.

Archrock Market Strength Events

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

Archrock Risk Indicators

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

Archrock Investors Sentiment

The influence of Archrock'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 Archrock. 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 Archrock's public news can be used to forecast risks associated with investment in Archrock. The trend in average sentiment can be used to explain how an investor holding Archrock can time the market purely based on public headlines and social activities around Archrock. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Archrock'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 Archrock'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 Archrock's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Archrock.
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 Archrock 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, Archrock's short interest history, or implied volatility extrapolated from Archrock options trading.

Pair Trading with Archrock

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

Moving together with Archrock

+0.9FTITechnipFMC PLC Downward RallyPairCorr
+0.85APAAPA Corporation Potential GrowthPairCorr
+0.84ARCHArch Resources Normal TradingPairCorr

Moving against Archrock

-0.6PBRPetroleo Brasileiro Potential GrowthPairCorr
The ability to find closely correlated positions to Archrock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Archrock 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 Archrock - 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 Archrock to buy it.
The correlation of Archrock 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 Archrock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Archrock 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 Archrock 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 Archrock to cross-verify your projections. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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Is Archrock'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 Archrock. If investors know Archrock 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 Archrock 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
0.69
Market Capitalization
1.4 B
Quarterly Revenue Growth YOY
0.095
Return On Assets
0.0333
Return On Equity
0.0449
The market value of Archrock is measured differently than its book value, which is the value of Archrock that is recorded on the company's balance sheet. Investors also form their own opinion of Archrock's value that differs from its market value or its book value, called intrinsic value, which is Archrock'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 Archrock's market value can be influenced by many factors that don't directly affect Archrock'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 Archrock's value and its price as these two are different measures arrived at by different means. Investors typically determine Archrock value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Archrock'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.