PennantPark Investment Stock Forecast - Simple Moving Average
| PNNT Stock | USD 7.37 0.07 0.96% |
The Simple Moving Average forecasted value of PennantPark Investment on the next trading day is expected to be 7.37 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.33. PennantPark Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PennantPark Investment stock prices and determine the direction of PennantPark Investment's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PennantPark Investment's historical fundamentals, such as revenue growth or operating cash flow patterns. Although PennantPark Investment's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of PennantPark Investment's systematic risk associated with finding meaningful patterns of PennantPark Investment fundamentals over time.
Check out Historical Fundamental Analysis of PennantPark Investment to cross-verify your projections. PennantPark |
Open Interest Against 2024-06-21 PennantPark Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast PennantPark Investment'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 PennantPark Investment's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for PennantPark Investment 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 PennantPark Investment's open interest, investors have to compare it to PennantPark Investment'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 PennantPark Investment 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 PennantPark. 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 PennantPark Investment 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 PennantPark Investment's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PennantPark Investment's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for PennantPark Investment is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility. PennantPark Investment Simple Moving Average Price Forecast For the 20th of May
Given 90 days horizon, the Simple Moving Average forecasted value of PennantPark Investment on the next trading day is expected to be 7.37 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.33.Please note that although there have been many attempts to predict PennantPark 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 PennantPark Investment's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
PennantPark Investment Stock Forecast Pattern
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PennantPark Investment Forecasted Value
In the context of forecasting PennantPark Investment'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. PennantPark Investment's downside and upside margins for the forecasting period are 6.47 and 8.27, respectively. We have considered PennantPark Investment'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of PennantPark Investment stock data series using in forecasting. Note that when a statistical model is used to represent PennantPark Investment 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 | 109.1574 |
| Bias | Arithmetic mean of the errors | -0.0197 |
| MAD | Mean absolute deviation | 0.0564 |
| MAPE | Mean absolute percentage error | 0.0082 |
| SAE | Sum of the absolute errors | 3.33 |
Predictive Modules for PennantPark Investment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PennantPark Investment. 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 PennantPark Investment'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 PennantPark Investment
For every potential investor in PennantPark, whether a beginner or expert, PennantPark Investment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PennantPark Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PennantPark. Basic forecasting techniques help filter out the noise by identifying PennantPark Investment's price trends.PennantPark Investment 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 PennantPark Investment stock to make a market-neutral strategy. Peer analysis of PennantPark Investment could also be used in its relative valuation, which is a method of valuing PennantPark Investment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PennantPark Investment 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 PennantPark Investment'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 PennantPark Investment's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PennantPark Investment Market Strength Events
Market strength indicators help investors to evaluate how PennantPark Investment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PennantPark Investment shares will generate the highest return on investment. By undertsting and applying PennantPark Investment stock market strength indicators, traders can identify PennantPark Investment entry and exit signals to maximize returns.
PennantPark Investment Risk Indicators
The analysis of PennantPark Investment'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 PennantPark Investment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pennantpark 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 | 0.7235 | |||
| Semi Deviation | 0.6697 | |||
| Standard Deviation | 0.9176 | |||
| Variance | 0.8419 | |||
| Downside Variance | 0.8867 | |||
| Semi Variance | 0.4485 | |||
| Expected Short fall | (0.84) |
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.
When determining whether PennantPark Investment 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 PennantPark 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 Pennantpark Investment Stock. Highlighted below are key reports to facilitate an investment decision about Pennantpark Investment Stock: Check out Historical Fundamental Analysis of PennantPark Investment to cross-verify your projections. For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for PennantPark Stock analysis
When running PennantPark Investment's price analysis, check to measure PennantPark Investment'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 PennantPark Investment is operating at the current time. Most of PennantPark Investment's value examination focuses on studying past and present price action to predict the probability of PennantPark Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Investment's price. Additionally, you may evaluate how the addition of PennantPark Investment to your portfolios can decrease your overall portfolio volatility.
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Is PennantPark Investment'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 PennantPark Investment. If investors know PennantPark 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 PennantPark Investment 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 0.578 | Dividend Share 0.8 | Earnings Share 0.74 | Revenue Per Share 2.296 | Quarterly Revenue Growth 0.146 |
The market value of PennantPark Investment is measured differently than its book value, which is the value of PennantPark that is recorded on the company's balance sheet. Investors also form their own opinion of PennantPark Investment's value that differs from its market value or its book value, called intrinsic value, which is PennantPark Investment'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 PennantPark Investment's market value can be influenced by many factors that don't directly affect PennantPark Investment'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 PennantPark Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennantPark Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennantPark Investment'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.