PAM Transportation Stock Forecast - Polynomial Regression
| PTSI Stock | USD 16.67 1.73 9.40% |
The Polynomial Regression forecasted value of PAM Transportation Services on the next trading day is expected to be 18.25 with a mean absolute deviation of 0.59 and the sum of the absolute errors of 36.12. PAM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PAM Transportation stock prices and determine the direction of PAM Transportation Services's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PAM Transportation's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of PAM Transportation to cross-verify your projections. PAM |
Most investors in PAM Transportation 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 PAM Transportation's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PAM Transportation's price structures and extracts relationships that further increase the generated results' accuracy.
PAM Transportation polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for PAM Transportation Services as well as the accuracy indicators are determined from the period prices. PAM Transportation Polynomial Regression Price Forecast For the 24th of May
Given 90 days horizon, the Polynomial Regression forecasted value of PAM Transportation Services on the next trading day is expected to be 18.25 with a mean absolute deviation of 0.59, mean absolute percentage error of 0.57, and the sum of the absolute errors of 36.12.Please note that although there have been many attempts to predict PAM 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 PAM Transportation's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
PAM Transportation Stock Forecast Pattern
| Backtest PAM Transportation | PAM Transportation Price Prediction | Buy or Sell Advice |
PAM Transportation Forecasted Value
In the context of forecasting PAM Transportation'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. PAM Transportation's downside and upside margins for the forecasting period are 14.90 and 21.61, respectively. We have considered PAM Transportation'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of PAM Transportation stock data series using in forecasting. Note that when a statistical model is used to represent PAM Transportation 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 | 117.5508 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5921 |
| MAPE | Mean absolute percentage error | 0.0377 |
| SAE | Sum of the absolute errors | 36.1154 |
Predictive Modules for PAM Transportation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PAM Transportation. 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 PAM Transportation'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 PAM Transportation
For every potential investor in PAM, whether a beginner or expert, PAM Transportation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PAM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PAM. Basic forecasting techniques help filter out the noise by identifying PAM Transportation's price trends.PAM Transportation 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 PAM Transportation stock to make a market-neutral strategy. Peer analysis of PAM Transportation could also be used in its relative valuation, which is a method of valuing PAM Transportation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PAM Transportation 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 PAM Transportation'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 PAM Transportation's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PAM Transportation Market Strength Events
Market strength indicators help investors to evaluate how PAM Transportation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PAM Transportation shares will generate the highest return on investment. By undertsting and applying PAM Transportation stock market strength indicators, traders can identify PAM Transportation Services entry and exit signals to maximize returns.
| Accumulation Distribution | 2031.7 | |||
| Daily Balance Of Power | (1.01) | |||
| Rate Of Daily Change | 0.91 | |||
| Day Median Price | 17.51 | |||
| Day Typical Price | 17.23 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (1.70) | |||
| Period Momentum Indicator | (1.73) | |||
| Relative Strength Index | 47.79 |
PAM Transportation Risk Indicators
The analysis of PAM Transportation'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 PAM Transportation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pam 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 | 1.97 | |||
| Standard Deviation | 3.35 | |||
| Variance | 11.24 |
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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Check out Historical Fundamental Analysis of PAM Transportation to cross-verify your projections. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for PAM Stock analysis
When running PAM Transportation's price analysis, check to measure PAM Transportation'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 PAM Transportation is operating at the current time. Most of PAM Transportation's value examination focuses on studying past and present price action to predict the probability of PAM Transportation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PAM Transportation's price. Additionally, you may evaluate how the addition of PAM Transportation to your portfolios can decrease your overall portfolio volatility.
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Is PAM Transportation'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 PAM Transportation. If investors know PAM 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 PAM Transportation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of PAM Transportation is measured differently than its book value, which is the value of PAM that is recorded on the company's balance sheet. Investors also form their own opinion of PAM Transportation's value that differs from its market value or its book value, called intrinsic value, which is PAM Transportation'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 PAM Transportation's market value can be influenced by many factors that don't directly affect PAM Transportation'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 PAM Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if PAM Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PAM Transportation'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.