1847 Goedeker Stock Forecast - Naive Prediction

GOED
 Stock
  

USD 1.21  0.01  0.82%   

1847 Goedeker Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 1847 Goedeker historical stock prices and determine the direction of 1847 Goedeker'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 1847 Goedeker historical fundamentals such as revenue growth or operating cash flow patterns. Although 1847 Goedeker naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of 1847 Goedeker systematic risk associated with finding meaningful patterns of 1847 Goedeker fundamentals over time.
Please check Historical Fundamental Analysis of 1847 Goedeker to cross-verify your projections.
  
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The current year Asset Turnover is expected to grow to 1.53. 1847 Goedeker Weighted Average Shares Diluted is projected to increase significantly based on the last few years of reporting. The past year's Weighted Average Shares Diluted was at 76.46 Million.

Open Interest Agains t 2022-07-15 1847 Goedeker Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast 1847 Goedeker'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 1847 Goedeker's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies 1847 Goedeker 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 1847 Goedeker's open interest, investors have to compare it to 1847 Goedeker'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 1847 Goedeker 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 1847 Goedeker. 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 1847 Goedeker 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 1847 Goedeker's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets 1847 Goedeker's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for 1847 Goedeker is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of 1847 Goedeker 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.

1847 Goedeker Naive Prediction Price Forecast For the 8th of July

Given 90 days horizon, the Naive Prediction forecasted value of 1847 Goedeker on the next trading day is expected to be 1.29 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.00794, and the sum of the absolute errors of 4.27. Please note that although there have been many attempts to predict 1847 Goedeker 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 1847 Goedeker's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

1847 Goedeker Stock Forecast Pattern

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1847 Goedeker Forecasted Value

In the context of forecasting 1847 Goedeker'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. 1847 Goedeker's downside and upside margins for the forecasting period are 0.0121 and 5.36, respectively. We have considered 1847 Goedeker'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 1.21
0.0121
Downside
1.29
Expected Value
5.36
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 1847 Goedeker stock data series using in forecasting. Note that when a statistical model is used to represent 1847 Goedeker 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 Criteria113.2747
BiasArithmetic mean of the errors None
MADMean absolute deviation0.07
MAPEMean absolute percentage error0.0485
SAESum of the absolute errors4.2725
This model is not at all useful as a medium-long range forecasting tool of 1847 Goedeker. 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 1847 Goedeker. 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 1847 Goedeker

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 1847 Goedeker. 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 1847 Goedeker'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 1847 Goedeker in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.061.215.28
Details
Intrinsic
Valuation
LowReal ValueHigh
0.061.135.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.041.371.70
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 1847 Goedeker. Your research has to be compared to or analyzed against 1847 Goedeker's peers to derive any actionable benefits. When done correctly, 1847 Goedeker'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 1847 Goedeker.

Other Forecasting Options for 1847 Goedeker

For every potential investor in 1847 Goedeker, whether a beginner or expert, 1847 Goedeker's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 1847 Goedeker Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 1847 Goedeker. Basic forecasting techniques help filter out the noise by identifying 1847 Goedeker's price trends.

View Currently 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 1847 Goedeker stock to make a market-neutral strategy. Peer analysis of 1847 Goedeker could also be used in its relative valuation, which is a method of valuing 1847 Goedeker by comparing valuation metrics with similar companies.

1847 Goedeker 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 1847 Goedeker'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 1847 Goedeker's current price.

1847 Goedeker Risk Indicators

The analysis of 1847 Goedeker'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 1847 Goedeker's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting 1847 Goedeker 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.

1847 Goedeker Investors Sentiment

The influence of 1847 Goedeker'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 1847 Goedeker. 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.

1847 Goedeker Implied Volatility

    
  184.16  
1847 Goedeker's implied volatility exposes the market's sentiment of 1847 Goedeker stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if 1847 Goedeker'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 1847 Goedeker stock will not fluctuate a lot when 1847 Goedeker'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 1847 Goedeker 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, 1847 Goedeker's short interest history, or implied volatility extrapolated from 1847 Goedeker options trading.

Current Sentiment - GOED

1847 Goedeker Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in 1847 Goedeker. What is your sentiment towards investing in 1847 Goedeker? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

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Please check Historical Fundamental Analysis of 1847 Goedeker to cross-verify your projections. Note that the 1847 Goedeker information on this page should be used as a complementary analysis to other 1847 Goedeker'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Is 1847 Goedeker'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 1847 Goedeker. If investors know 1847 Goedeker 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 1847 Goedeker listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
129.8 M
Quarterly Revenue Growth YOY
10.15
Return On Assets
0.13
Return On Equity
0.17
The market value of 1847 Goedeker is measured differently than its book value, which is the value of 1847 Goedeker that is recorded on the company's balance sheet. Investors also form their own opinion of 1847 Goedeker's value that differs from its market value or its book value, called intrinsic value, which is 1847 Goedeker'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 1847 Goedeker's market value can be influenced by many factors that don't directly affect 1847 Goedeker'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 1847 Goedeker's value and its price as these two are different measures arrived at by different means. Investors typically determine 1847 Goedeker value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1847 Goedeker'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.