GTY Technology Stock Forecast - Simple Regression

GTYH
 Stock
  

USD 6.30  0.00  0.00%   

GTY Technology Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GTY Technology historical stock prices and determine the direction of GTY Technology 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 GTY Technology historical fundamentals such as revenue growth or operating cash flow patterns. Although GTY Technology naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of GTY Technology Holdings systematic risk associated with finding meaningful patterns of GTY Technology fundamentals over time.
Please check Risk vs Return Analysis.
  
The current Asset Turnover is estimated to increase to 0.15. The current Weighted Average Shares is estimated to decrease to about 50.6 M. The current Weighted Average Shares Diluted is estimated to decrease to about 55.6 M.

Open Interest Agains t 2022-08-19 GTY Technology Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast GTY Technology'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 GTY Technology's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies GTY Technology 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 GTY Technology's open interest, investors have to compare it to GTY Technology'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 GTY Technology 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 GTY Technology. 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 GTY Technology 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 GTY Technology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets GTY Technology's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through GTY Technology price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

GTY Technology Simple Regression Price Forecast For the 16th of August 2022

Given 90 days horizon, the Simple Regression forecasted value of GTY Technology Holdings on the next trading day is expected to be 6.41 with a mean absolute deviation of 1.39, mean absolute percentage error of 2.64, and the sum of the absolute errors of 680.61.
Please note that although there have been many attempts to predict GTY Technology 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 GTY Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

GTY Technology Stock Forecast Pattern

Backtest GTY TechnologyGTY Technology Price PredictionBuy or Sell Advice 

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of GTY Technology stock data series using in forecasting. Note that when a statistical model is used to represent GTY Technology 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 Criteria903.8561
BiasArithmetic mean of the errors None
MADMean absolute deviation1.3947
MAPEMean absolute percentage error0.31
SAESum of the absolute errors680.6083
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as GTY Technology Holdings historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for GTY Technology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GTY Technology 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 GTY Technology'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 GTY Technology in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.326.3012.81
Details
Intrinsic
Valuation
LowReal ValueHigh
0.947.4513.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.906.166.42
Details
1 Analysts
Consensus
LowTarget PriceHigh
10.0010.0010.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GTY Technology. Your research has to be compared to or analyzed against GTY Technology's peers to derive any actionable benefits. When done correctly, GTY Technology'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 GTY Technology Holdings.

GTY Technology 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 GTY Technology stock to make a market-neutral strategy. Peer analysis of GTY Technology could also be used in its relative valuation, which is a method of valuing GTY Technology by comparing valuation metrics with similar companies.
Uber TechnologiesAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 CoveredFranklin Mutual EuropeanGARDNER DENVER INCUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondLIFE STORAGE INCMaiden Holdings NorthVistra Energy Corp
 Risk & Return  Correlation

GTY Technology Risk Indicators

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

GTY Technology Investors Sentiment

The influence of GTY Technology'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 GTY Technology. 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.

GTY Technology Implied Volatility

    
  12.11  
GTY Technology's implied volatility exposes the market's sentiment of GTY Technology Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if GTY Technology'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 GTY Technology stock will not fluctuate a lot when GTY Technology'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 GTY Technology 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, GTY Technology's short interest history, or implied volatility extrapolated from GTY Technology options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as GTY Technology Holdings using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Risk vs Return Analysis. Note that the GTY Technology Holdings information on this page should be used as a complementary analysis to other GTY Technology'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Tools for GTY Technology Stock

When running GTY Technology Holdings price analysis, check to measure GTY Technology'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 GTY Technology is operating at the current time. Most of GTY Technology's value examination focuses on studying past and present price action to predict the probability of GTY Technology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GTY Technology's price. Additionally, you may evaluate how the addition of GTY Technology to your portfolios can decrease your overall portfolio volatility.
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