Boeing Stock Forecast - Naive Prediction

BA
 Stock
  

USD 131.26  7.45  5.37%   

Boeing Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Boeing historical stock prices and determine the direction of Boeing Company'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 Boeing historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of Boeing to cross-verify your projections.
  

Open Interest Agains t 2022-09-30 Boeing Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Boeing'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 Boeing's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Boeing 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 Boeing's open interest, investors have to compare it to Boeing'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 Boeing 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 Boeing. 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 Boeing 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 Boeing's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Boeing's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Boeing is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Boeing Company 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.

Boeing Naive Prediction Price Forecast For the 25th of September

Given 90 days horizon, the Naive Prediction forecasted value of Boeing Company on the next trading day is expected to be 127.69 with a mean absolute deviation of 2.62, mean absolute percentage error of 10.31, and the sum of the absolute errors of 159.93.
Please note that although there have been many attempts to predict Boeing 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 Boeing's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Boeing Stock Forecast Pattern

Backtest BoeingBoeing Price PredictionBuy or Sell Advice 

Boeing Forecasted Value

In the context of forecasting Boeing'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. Boeing's downside and upside margins for the forecasting period are 125.21 and 130.18, respectively. We have considered Boeing'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 131.26
125.21
Downside
127.69
Expected Value
130.18
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 Boeing stock data series using in forecasting. Note that when a statistical model is used to represent Boeing 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 Criteria120.444
BiasArithmetic mean of the errors None
MADMean absolute deviation2.6218
MAPEMean absolute percentage error0.0168
SAESum of the absolute errors159.931
This model is not at all useful as a medium-long range forecasting tool of Boeing Company. 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 Boeing. 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 Boeing

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Boeing Company. 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 Boeing'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 Boeing in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
128.79131.30133.81
Details
Intrinsic
Valuation
LowReal ValueHigh
118.13156.58159.09
Details
13 Analysts
Consensus
LowTarget PriceHigh
220.00269.29306.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Boeing. Your research has to be compared to or analyzed against Boeing's peers to derive any actionable benefits. When done correctly, Boeing'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 Boeing Company.

Other Forecasting Options for Boeing

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

Boeing 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 Boeing stock to make a market-neutral strategy. Peer analysis of Boeing could also be used in its relative valuation, which is a method of valuing Boeing by comparing valuation metrics with similar companies.
Sigma Lithium CorpAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondMaiden Holdings NorthSeagate Technology HldgsVistra Energy CorpExxon Mobil Corp
 Risk & Return  Correlation

Boeing Company 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 Boeing'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 Boeing's current price.

Boeing Market Strength Events

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

Boeing Risk Indicators

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

Boeing Implied Volatility

    
  57.43  
Boeing's implied volatility exposes the market's sentiment of Boeing Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Boeing's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Boeing stock will not fluctuate a lot when Boeing's options are near their expiration.
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 Boeing 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, Boeing's short interest history, or implied volatility extrapolated from Boeing options trading.

Pair Trading with Boeing

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

Moving together with Boeing

+0.66FDSFactset Research Systems Fiscal Year End 27th of September 2022 PairCorr
+0.77DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr
The ability to find closely correlated positions to Boeing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boeing 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 Boeing - 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 Boeing Company to buy it.
The correlation of Boeing 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 Boeing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boeing Company 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 Boeing 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
Continue to Historical Fundamental Analysis of Boeing to cross-verify your projections. Note that the Boeing Company information on this page should be used as a complementary analysis to other Boeing'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Boeing Stock analysis

When running Boeing Company price analysis, check to measure Boeing'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 Boeing is operating at the current time. Most of Boeing's value examination focuses on studying past and present price action to predict the probability of Boeing's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Boeing's price. Additionally, you may evaluate how the addition of Boeing to your portfolios can decrease your overall portfolio volatility.
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Is Boeing'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 Boeing. If investors know Boeing 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 Boeing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Boeing Company is measured differently than its book value, which is the value of Boeing that is recorded on the company's balance sheet. Investors also form their own opinion of Boeing's value that differs from its market value or its book value, called intrinsic value, which is Boeing'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 Boeing's market value can be influenced by many factors that don't directly affect Boeing'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 Boeing's value and its price as these two are different measures arrived at by different means. Investors typically determine Boeing value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boeing'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.