Perficient Stock Forecast - Simple Regression

PRFT
 Stock
  

USD 67.36  2.34  3.60%   

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

Open Interest Agains t 2022-10-21 Perficient Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Perficient'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 Perficient's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Perficient 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 Perficient's open interest, investors have to compare it to Perficient'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 Perficient 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 Perficient. 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 Perficient 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 Perficient's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Perficient'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 Perficient 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.

Perficient Simple Regression Price Forecast For the 4th of October

Given 90 days horizon, the Simple Regression forecasted value of Perficient on the next trading day is expected to be 60.62 with a mean absolute deviation of 4.11, mean absolute percentage error of 34.67, and the sum of the absolute errors of 250.95.
Please note that although there have been many attempts to predict Perficient 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 Perficient's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Perficient Stock Forecast Pattern

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Perficient Forecasted Value

In the context of forecasting Perficient'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. Perficient's downside and upside margins for the forecasting period are 57.40 and 63.83, respectively. We have considered Perficient'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 67.36
60.62
Expected Value
63.83
Upside

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 Perficient stock data series using in forecasting. Note that when a statistical model is used to represent Perficient 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 Criteria121.6563
BiasArithmetic mean of the errors None
MADMean absolute deviation4.114
MAPEMean absolute percentage error0.0482
SAESum of the absolute errors250.954
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 Perficient 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 Perficient

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perficient. 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 Perficient'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 Perficient in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
64.2167.4370.65
Details
Intrinsic
Valuation
LowReal ValueHigh
59.6285.6088.82
Details
7 Analysts
Consensus
LowTarget PriceHigh
125.00147.67163.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Perficient. Your research has to be compared to or analyzed against Perficient's peers to derive any actionable benefits. When done correctly, Perficient'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 Perficient.

Other Forecasting Options for Perficient

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

Perficient 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 Perficient stock to make a market-neutral strategy. Peer analysis of Perficient could also be used in its relative valuation, which is a method of valuing Perficient by comparing valuation metrics with similar companies.
Marine Products CorpBRP IncBrunswick CorpTaiga Mtrs CorpArcimotoEzgo TechnologiesAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings Corp
 Risk & Return  Correlation

Perficient 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 Perficient'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 Perficient's current price.

Perficient Market Strength Events

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

Perficient Risk Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Perficient without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Historical Fundamental Analysis of Perficient to cross-verify your projections. Note that the Perficient information on this page should be used as a complementary analysis to other Perficient'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 CEO Directory module to screen CEOs from public companies around the world.

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