AssetMark Financial Stock Forecast - Naive Prediction
| AMK Stock | USD 34.33 0.06 0.17% |
The Naive Prediction forecasted value of AssetMark Financial Holdings on the next trading day is expected to be 34.28 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.85. AssetMark Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AssetMark Financial stock prices and determine the direction of AssetMark Financial Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AssetMark Financial's historical fundamentals, such as revenue growth or operating cash flow patterns. Although AssetMark Financial's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AssetMark Financial's systematic risk associated with finding meaningful patterns of AssetMark Financial fundamentals over time.
Check out Historical Fundamental Analysis of AssetMark Financial to cross-verify your projections. AssetMark |
Open Interest Against 2024-06-21 AssetMark Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast AssetMark Financial'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 in AssetMark Financial's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for AssetMark Financial stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current AssetMark Financial's open interest, investors have to compare it to AssetMark Financial'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 AssetMark Financial 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 AssetMark. 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 AssetMark Financial 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 AssetMark Financial's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AssetMark Financial's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for AssetMark Financial is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of AssetMark Financial Holdings 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. AssetMark Financial Naive Prediction Price Forecast For the 5th of June
Given 90 days horizon, the Naive Prediction forecasted value of AssetMark Financial Holdings on the next trading day is expected to be 34.28 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.29, and the sum of the absolute errors of 21.85.Please note that although there have been many attempts to predict AssetMark 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 AssetMark Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AssetMark Financial Stock Forecast Pattern
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AssetMark Financial Forecasted Value
In the context of forecasting AssetMark Financial'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. AssetMark Financial's downside and upside margins for the forecasting period are 32.98 and 35.57, respectively. We have considered AssetMark Financial'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.
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 AssetMark Financial stock data series using in forecasting. Note that when a statistical model is used to represent AssetMark Financial 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.| AIC | Akaike Information Criteria | 116.8739 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3582 |
| MAPE | Mean absolute percentage error | 0.0102 |
| SAE | Sum of the absolute errors | 21.8521 |
Predictive Modules for AssetMark Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AssetMark Financial. Regardless of method or technology, however, to accurately forecast the stock 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, anticipate that the market will even out over time. This tendency of AssetMark Financial'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.
Other Forecasting Options for AssetMark Financial
For every potential investor in AssetMark, whether a beginner or expert, AssetMark Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AssetMark Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AssetMark. Basic forecasting techniques help filter out the noise by identifying AssetMark Financial's price trends.AssetMark Financial 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 AssetMark Financial stock to make a market-neutral strategy. Peer analysis of AssetMark Financial could also be used in its relative valuation, which is a method of valuing AssetMark Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AssetMark Financial 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 AssetMark Financial'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 AssetMark Financial's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AssetMark Financial Market Strength Events
Market strength indicators help investors to evaluate how AssetMark Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AssetMark Financial shares will generate the highest return on investment. By undertsting and applying AssetMark Financial stock market strength indicators, traders can identify AssetMark Financial Holdings entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 34.33 | |||
| Day Typical Price | 34.33 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.06) |
AssetMark Financial Risk Indicators
The analysis of AssetMark Financial's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in AssetMark Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting assetmark stock prices, 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.
| Mean Deviation | 0.7817 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.72 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as AssetMark Financial 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.Build Optimal Portfolios
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Additional Information and Resources on Investing in AssetMark Stock
When determining whether AssetMark Financial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if AssetMark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Assetmark Financial Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Assetmark Financial Holdings Stock:Check out Historical Fundamental Analysis of AssetMark Financial to cross-verify your projections. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Asset Management & Custody Banks space 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 AssetMark Financial. If investors know AssetMark 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 AssetMark Financial 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 1.174 | Earnings Share 1.92 | Revenue Per Share 9.813 | Quarterly Revenue Growth 0.117 | Return On Assets 0.0815 |
The market value of AssetMark Financial is measured differently than its book value, which is the value of AssetMark that is recorded on the company's balance sheet. Investors also form their own opinion of AssetMark Financial's value that differs from its market value or its book value, called intrinsic value, which is AssetMark Financial'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 AssetMark Financial's market value can be influenced by many factors that don't directly affect AssetMark Financial'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 AssetMark Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if AssetMark Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AssetMark Financial'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.