JJill Stock Forecast - Simple Regression
| JILL Stock | USD 25.87 0.14 0.54% |
The Simple Regression forecasted value of JJill Inc on the next trading day is expected to be 28.02 with a mean absolute deviation of 1.57 and the sum of the absolute errors of 97.26. JJill Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast JJill stock prices and determine the direction of JJill Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of JJill's historical fundamentals, such as revenue growth or operating cash flow patterns. Although JJill's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of JJill's systematic risk associated with finding meaningful patterns of JJill fundamentals over time.
Check out Historical Fundamental Analysis of JJill to cross-verify your projections. JJill |
Most investors in JJill 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 JJill's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets JJill'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 JJill 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. JJill Simple Regression Price Forecast For the 1st of May
Given 90 days horizon, the Simple Regression forecasted value of JJill Inc on the next trading day is expected to be 28.02 with a mean absolute deviation of 1.57, mean absolute percentage error of 4.21, and the sum of the absolute errors of 97.26.Please note that although there have been many attempts to predict JJill 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 JJill's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
JJill Stock Forecast Pattern
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JJill Forecasted Value
In the context of forecasting JJill'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. JJill's downside and upside margins for the forecasting period are 25.07 and 30.96, respectively. We have considered JJill'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of JJill stock data series using in forecasting. Note that when a statistical model is used to represent JJill 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 | 121.3865 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.5687 |
| MAPE | Mean absolute percentage error | 0.057 |
| SAE | Sum of the absolute errors | 97.2613 |
Predictive Modules for JJill
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JJill Inc. 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 JJill'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 JJill
For every potential investor in JJill, whether a beginner or expert, JJill's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. JJill Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in JJill. Basic forecasting techniques help filter out the noise by identifying JJill's price trends.JJill 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 JJill stock to make a market-neutral strategy. Peer analysis of JJill could also be used in its relative valuation, which is a method of valuing JJill by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
JJill Inc 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 JJill'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 JJill's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
JJill Market Strength Events
Market strength indicators help investors to evaluate how JJill stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JJill shares will generate the highest return on investment. By undertsting and applying JJill stock market strength indicators, traders can identify JJill Inc entry and exit signals to maximize returns.
| Accumulation Distribution | 1840.33 | |||
| Daily Balance Of Power | (0.19) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 26.22 | |||
| Day Typical Price | 26.1 | |||
| Price Action Indicator | (0.41) | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 48.47 |
JJill Risk Indicators
The analysis of JJill'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 JJill's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jjill 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 | 2.01 | |||
| Semi Deviation | 2.78 | |||
| Standard Deviation | 2.92 | |||
| Variance | 8.52 | |||
| Downside Variance | 9.63 | |||
| Semi Variance | 7.72 | |||
| Expected Short fall | (1.99) |
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.
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 JJill 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, JJill's short interest history, or implied volatility extrapolated from JJill options trading.
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Complementary Tools for JJill Stock analysis
When running JJill's price analysis, check to measure JJill'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 JJill is operating at the current time. Most of JJill's value examination focuses on studying past and present price action to predict the probability of JJill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JJill's price. Additionally, you may evaluate how the addition of JJill to your portfolios can decrease your overall portfolio volatility.
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Is JJill'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 JJill. If investors know JJill 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 JJill 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 3.713 | Earnings Share 2.51 | Revenue Per Share 42.753 | Quarterly Revenue Growth 0.012 | Return On Assets 0.1223 |
The market value of JJill Inc is measured differently than its book value, which is the value of JJill that is recorded on the company's balance sheet. Investors also form their own opinion of JJill's value that differs from its market value or its book value, called intrinsic value, which is JJill'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 JJill's market value can be influenced by many factors that don't directly affect JJill'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 JJill's value and its price as these two are different measures arrived at by different means. Investors typically determine if JJill is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JJill'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.