Icahn Enterprises Stock Forecast - Polynomial Regression
| IEP Stock | USD 18.31 0.11 0.60% |
The Polynomial Regression forecasted value of Icahn Enterprises LP on the next trading day is expected to be 18.61 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.86. Icahn Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Icahn Enterprises stock prices and determine the direction of Icahn Enterprises LP's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Icahn Enterprises' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Icahn Enterprises' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Icahn Enterprises' systematic risk associated with finding meaningful patterns of Icahn Enterprises fundamentals over time.
Check out Historical Fundamental Analysis of Icahn Enterprises to cross-verify your projections. Icahn |
Open Interest Against 2024-05-17 Icahn Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Icahn Enterprises' 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 Icahn Enterprises' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Icahn Enterprises 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 Icahn Enterprises' open interest, investors have to compare it to Icahn Enterprises' 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 Icahn Enterprises 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 Icahn. 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 Icahn Enterprises 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 Icahn Enterprises' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Icahn Enterprises' price structures and extracts relationships that further increase the generated results' accuracy.
Icahn Enterprises polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Icahn Enterprises LP as well as the accuracy indicators are determined from the period prices. Icahn Enterprises Polynomial Regression Price Forecast For the 17th of May 2024
Given 90 days horizon, the Polynomial Regression forecasted value of Icahn Enterprises LP on the next trading day is expected to be 18.61 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.11, and the sum of the absolute errors of 15.86.Please note that although there have been many attempts to predict Icahn 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 Icahn Enterprises' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Icahn Enterprises Stock Forecast Pattern
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Icahn Enterprises Forecasted Value
In the context of forecasting Icahn Enterprises' 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. Icahn Enterprises' downside and upside margins for the forecasting period are 16.43 and 20.78, respectively. We have considered Icahn Enterprises' 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Icahn Enterprises stock data series using in forecasting. Note that when a statistical model is used to represent Icahn Enterprises 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 | 115.8726 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.26 |
| MAPE | Mean absolute percentage error | 0.0146 |
| SAE | Sum of the absolute errors | 15.8612 |
Predictive Modules for Icahn Enterprises
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Icahn Enterprises. 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 Icahn Enterprises' 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 Icahn Enterprises
For every potential investor in Icahn, whether a beginner or expert, Icahn Enterprises' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Icahn Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Icahn. Basic forecasting techniques help filter out the noise by identifying Icahn Enterprises' price trends.Icahn Enterprises 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 Icahn Enterprises stock to make a market-neutral strategy. Peer analysis of Icahn Enterprises could also be used in its relative valuation, which is a method of valuing Icahn Enterprises by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Icahn Enterprises 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 Icahn Enterprises' 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 Icahn Enterprises' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Icahn Enterprises Market Strength Events
Market strength indicators help investors to evaluate how Icahn Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icahn Enterprises shares will generate the highest return on investment. By undertsting and applying Icahn Enterprises stock market strength indicators, traders can identify Icahn Enterprises LP entry and exit signals to maximize returns.
| Accumulation Distribution | 71033.11 | |||
| Daily Balance Of Power | 0.2075 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 18.34 | |||
| Day Typical Price | 18.33 | |||
| Price Action Indicator | 0.03 | |||
| Period Momentum Indicator | 0.11 |
Icahn Enterprises Risk Indicators
The analysis of Icahn Enterprises' 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 Icahn Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting icahn 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 | 1.45 | |||
| Semi Deviation | 2.12 | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.87 | |||
| Downside Variance | 5.48 | |||
| Semi Variance | 4.5 | |||
| Expected Short fall | (1.51) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Icahn Enterprises to cross-verify your projections. Note that the Icahn Enterprises information on this page should be used as a complementary analysis to other Icahn Enterprises' 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 the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Icahn Stock analysis
When running Icahn Enterprises' price analysis, check to measure Icahn Enterprises' 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 Icahn Enterprises is operating at the current time. Most of Icahn Enterprises' value examination focuses on studying past and present price action to predict the probability of Icahn Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icahn Enterprises' price. Additionally, you may evaluate how the addition of Icahn Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is Icahn Enterprises' 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 Icahn Enterprises. If investors know Icahn 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 Icahn Enterprises 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 0.631 | Dividend Share 6 | Earnings Share (1.75) | Revenue Per Share 28.359 | Quarterly Revenue Growth (0.14) |
The market value of Icahn Enterprises is measured differently than its book value, which is the value of Icahn that is recorded on the company's balance sheet. Investors also form their own opinion of Icahn Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Icahn Enterprises' 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 Icahn Enterprises' market value can be influenced by many factors that don't directly affect Icahn Enterprises' 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 Icahn Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Icahn Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icahn Enterprises' 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.