Park City Stock Forecast - Naive Prediction

PCYG
 Stock
  

USD 4.45  0.05  1.14%   

Park City Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Park City historical stock prices and determine the direction of Park City Group'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 Park City historical fundamentals such as revenue growth or operating cash flow patterns. Although Park City naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Park City Group systematic risk associated with finding meaningful patterns of Park City fundamentals over time.
Please check Historical Fundamental Analysis of Park City to cross-verify your projections.
  
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Park City Receivables Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Receivables Turnover was at 6.12. The current year Accounts Payable Turnover is expected to grow to 46.64, whereas Accrued Expenses Turnover is forecasted to decline to 14.26. . As of July 1, 2022, Weighted Average Shares is expected to decline to about 16.2 M. In addition to that, Weighted Average Shares Diluted is expected to decline to about 16.4 M.

Open Interest Agains t 2022-07-15 Park City Option Contracts

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

Park City Group Current Investor Sentiment

Investor biases related to Park City's public news can be used to forecast risks associated with investment in Park City. The trend in average sentiment can be used to explain how an investor holding Park City can time the market purely based on public headlines and social activities around Park City Group. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Park City'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 Park City'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 Park City's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Park City.

Park City Naive Prediction Price Forecast For the 2nd of July

Given 90 days horizon, the Naive Prediction forecasted value of Park City Group on the next trading day is expected to be 4.81 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.045899, and the sum of the absolute errors of 10.35. Please note that although there have been many attempts to predict Park City 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 Park City's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Park City Stock Forecast Pattern

Backtest Park CityPark City Price PredictionBuy or Sell Advice 

Park City Forecasted Value

In the context of forecasting Park City'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. Park City's downside and upside margins for the forecasting period are 1.17 and 8.46, respectively. We have considered Park City'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 4.45
4.81
Expected Value
8.46
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 Park City stock data series using in forecasting. Note that when a statistical model is used to represent Park City 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 Criteria115.0292
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1697
MAPEMean absolute percentage error0.0346
SAESum of the absolute errors10.3535
This model is not at all useful as a medium-long range forecasting tool of Park City Group. 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 Park City. 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 Park City

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Park City Group. 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 Park City'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 Park City in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.804.448.08
Details
Intrinsic
Valuation
LowReal ValueHigh
1.755.399.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.314.795.27
Details
1 Analysts
Consensus
LowTarget PriceHigh
9.009.009.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Park City. Your research has to be compared to or analyzed against Park City's peers to derive any actionable benefits. When done correctly, Park City'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 Park City Group.

Other Forecasting Options for Park City

For every potential investor in Park City, whether a beginner or expert, Park City's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Park City Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Park City. Basic forecasting techniques help filter out the noise by identifying Park City'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 Park City stock to make a market-neutral strategy. Peer analysis of Park City could also be used in its relative valuation, which is a method of valuing Park City by comparing valuation metrics with similar companies.

Park City Group 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 Park City'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 Park City's current price.

Park City Market Strength Events

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

Park City Risk Indicators

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

Park City Investors Sentiment

The influence of Park City'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 Park City. 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.

Park City Implied Volatility

    
  266.09  
Park City's implied volatility exposes the market's sentiment of Park City Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Park City'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 Park City stock will not fluctuate a lot when Park City'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 Park City 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, Park City's short interest history, or implied volatility extrapolated from Park City options trading.

Current Sentiment - PCYG

Park City Group Investor Sentiment

Most of Macroaxis users are at this time bullish on Park City Group. What is your perspective on investing in Park City Group? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Currently Active Assets on Macroaxis

Please check Historical Fundamental Analysis of Park City to cross-verify your projections. Note that the Park City Group information on this page should be used as a complementary analysis to other Park City'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Park City Group price analysis, check to measure Park City'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 Park City is operating at the current time. Most of Park City's value examination focuses on studying past and present price action to predict the probability of Park City's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Park City's price. Additionally, you may evaluate how the addition of Park City to your portfolios can decrease your overall portfolio volatility.
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Is Park City'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 Park City. If investors know Park City 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 Park City 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
0.65
Market Capitalization
81.8 M
Quarterly Revenue Growth YOY
-0.24
Return On Assets
0.0526
Return On Equity
0.0929
The market value of Park City Group is measured differently than its book value, which is the value of Park City that is recorded on the company's balance sheet. Investors also form their own opinion of Park City's value that differs from its market value or its book value, called intrinsic value, which is Park City'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 Park City's market value can be influenced by many factors that don't directly affect Park City'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 Park City's value and its price as these two are different measures arrived at by different means. Investors typically determine Park City value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park City'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.