Axa Equitable Stock Forecast - Naive Prediction
| EQH Stock | USD 40.48 0.25 0.62% |
The Naive Prediction forecasted value of Axa Equitable Holdings on the next trading day is expected to be 40.86 with a mean absolute deviation of 0.46 and the sum of the absolute errors of 28.23. Axa Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Axa Equitable stock prices and determine the direction of Axa Equitable Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Axa Equitable's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Axa Equitable's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Axa Equitable's systematic risk associated with finding meaningful patterns of Axa Equitable fundamentals over time.
Check out Historical Fundamental Analysis of Axa Equitable to cross-verify your projections. Axa |
Open Interest Against 2024-05-17 Axa Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Axa Equitable'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 Axa Equitable's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Axa Equitable 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 Axa Equitable's open interest, investors have to compare it to Axa Equitable'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 Axa Equitable 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 Axa. 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 Axa Equitable 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 Axa Equitable's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Axa Equitable's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Axa Equitable is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Axa Equitable 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. Axa Equitable Naive Prediction Price Forecast For the 17th of May 2024
Given 90 days horizon, the Naive Prediction forecasted value of Axa Equitable Holdings on the next trading day is expected to be 40.86 with a mean absolute deviation of 0.46, mean absolute percentage error of 0.33, and the sum of the absolute errors of 28.23.Please note that although there have been many attempts to predict Axa 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 Axa Equitable's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Axa Equitable Stock Forecast Pattern
| Backtest Axa Equitable | Axa Equitable Price Prediction | Buy or Sell Advice |
Axa Equitable Forecasted Value
In the context of forecasting Axa Equitable'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. Axa Equitable's downside and upside margins for the forecasting period are 39.62 and 42.11, respectively. We have considered Axa Equitable'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 Axa Equitable stock data series using in forecasting. Note that when a statistical model is used to represent Axa Equitable 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 | 118.834 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4553 |
| MAPE | Mean absolute percentage error | 0.0126 |
| SAE | Sum of the absolute errors | 28.2257 |
Predictive Modules for Axa Equitable
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Axa Equitable Holdings. 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 Axa Equitable'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 Axa Equitable
For every potential investor in Axa, whether a beginner or expert, Axa Equitable's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Axa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Axa. Basic forecasting techniques help filter out the noise by identifying Axa Equitable's price trends.Axa Equitable 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 Axa Equitable stock to make a market-neutral strategy. Peer analysis of Axa Equitable could also be used in its relative valuation, which is a method of valuing Axa Equitable by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Axa Equitable Holdings 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 Axa Equitable'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 Axa Equitable's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Axa Equitable Market Strength Events
Market strength indicators help investors to evaluate how Axa Equitable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Axa Equitable shares will generate the highest return on investment. By undertsting and applying Axa Equitable stock market strength indicators, traders can identify Axa Equitable Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 27730.13 | |||
| Daily Balance Of Power | 0.5319 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 40.42 | |||
| Day Typical Price | 40.44 | |||
| Price Action Indicator | 0.19 | |||
| Period Momentum Indicator | 0.25 |
Axa Equitable Risk Indicators
The analysis of Axa Equitable'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 Axa Equitable's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting axa 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 | 1.05 | |||
| Semi Deviation | 0.9596 | |||
| Standard Deviation | 1.33 | |||
| Variance | 1.78 | |||
| Downside Variance | 1.71 | |||
| Semi Variance | 0.9209 | |||
| Expected Short fall | (1.13) |
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.
Pair Trading with Axa Equitable
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Axa Equitable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axa Equitable will appreciate offsetting losses from the drop in the long position's value.Moving together with Axa Stock
| 0.69 | FIHL | Fidelis Insurance Report 28th of June 2024 | PairCorr |
| 0.9 | AEG | Aegon NV ADR | PairCorr |
| 0.85 | AIG | American International | PairCorr |
Moving against Axa Stock
| 0.75 | GSHD | Goosehead Insurance | PairCorr |
| 0.46 | ACGLO | Arch Capital Group | PairCorr |
The ability to find closely correlated positions to Axa Equitable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axa Equitable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Axa Equitable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Axa Equitable Holdings to buy it.
The correlation of Axa Equitable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axa Equitable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axa Equitable Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Axa Equitable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Axa Equitable to cross-verify your projections. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Axa Stock analysis
When running Axa Equitable's price analysis, check to measure Axa Equitable'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 Axa Equitable is operating at the current time. Most of Axa Equitable's value examination focuses on studying past and present price action to predict the probability of Axa Equitable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axa Equitable's price. Additionally, you may evaluate how the addition of Axa Equitable to your portfolios can decrease your overall portfolio volatility.
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Is Axa Equitable'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 Axa Equitable. If investors know Axa 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 Axa Equitable 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 (0.33) | Dividend Share 0.9 | Earnings Share 3.33 | Revenue Per Share 30.362 | Quarterly Revenue Growth (0.05) |
The market value of Axa Equitable Holdings is measured differently than its book value, which is the value of Axa that is recorded on the company's balance sheet. Investors also form their own opinion of Axa Equitable's value that differs from its market value or its book value, called intrinsic value, which is Axa Equitable'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 Axa Equitable's market value can be influenced by many factors that don't directly affect Axa Equitable'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 Axa Equitable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axa Equitable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axa Equitable'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.