Nike Stock Forecast - Simple Moving Average

NKE
 Stock
  

USD 98.70  2.41  2.50%   

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

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

Although open interest is a measure utilized in the options markets, it could be used to forecast Nike'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 Nike's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Nike 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 Nike's open interest, investors have to compare it to Nike'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 Nike 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 Nike. 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 Nike 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 Nike's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nike's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Nike is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Nike Simple Moving Average Price Forecast For the 29th of September

Given 90 days horizon, the Simple Moving Average forecasted value of Nike Inc on the next trading day is expected to be 97.50 with a mean absolute deviation of 2.17, mean absolute percentage error of 6.88, and the sum of the absolute errors of 128.09.
Please note that although there have been many attempts to predict Nike 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 Nike's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nike Stock Forecast Pattern

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Nike Forecasted Value

In the context of forecasting Nike'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. Nike's downside and upside margins for the forecasting period are 95.32 and 99.67, respectively. We have considered Nike'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 98.70
97.50
Expected Value
99.67
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Nike stock data series using in forecasting. Note that when a statistical model is used to represent Nike 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 Criteria116.3636
BiasArithmetic mean of the errors 0.1618
MADMean absolute deviation2.1711
MAPEMean absolute percentage error0.0201
SAESum of the absolute errors128.095
The simple moving average model is conceptually a linear regression of the current value of Nike Inc price series against current and previous (unobserved) value of Nike. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting stock prices into the future

Predictive Modules for Nike

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nike Inc. 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 Nike'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 Nike in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
96.4998.67100.85
Details
Intrinsic
Valuation
LowReal ValueHigh
88.83117.97120.15
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
95.33105.00114.67
Details
22 Analysts
Consensus
LowTarget PriceHigh
140.00184.65202.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nike. Your research has to be compared to or analyzed against Nike's peers to derive any actionable benefits. When done correctly, Nike'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 Nike Inc.

Other Forecasting Options for Nike

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

Nike 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 Nike stock to make a market-neutral strategy. Peer analysis of Nike could also be used in its relative valuation, which is a method of valuing Nike by comparing valuation metrics with similar companies.
Adidas Ag ADRAmazon IncAmn 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 Corp
 Risk & Return  Correlation

Nike Inc 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 Nike'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 Nike's current price.

Nike Risk Indicators

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

Nike Implied Volatility

    
  178.99  
Nike's implied volatility exposes the market's sentiment of Nike Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Nike'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 Nike stock will not fluctuate a lot when Nike'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 Nike 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, Nike's short interest history, or implied volatility extrapolated from Nike 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 Nike Inc 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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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Historical Fundamental Analysis of Nike to cross-verify your projections. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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