Prudential Public Stock Forecast - Simple Regression
| PUK Stock | USD 19.62 0.32 1.66% |
The Simple Regression forecasted value of Prudential Public Limited on the next trading day is expected to be 19.37 with a mean absolute deviation of 0.76 and the sum of the absolute errors of 46.53. Prudential Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Prudential Public stock prices and determine the direction of Prudential Public Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Prudential Public's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Prudential Public's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Prudential Public's systematic risk associated with finding meaningful patterns of Prudential Public fundamentals over time.
Check out Historical Fundamental Analysis of Prudential Public to cross-verify your projections. Prudential |
Open Interest Against 2024-06-21 Prudential Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Prudential Public'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 Prudential Public's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Prudential Public 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 Prudential Public's open interest, investors have to compare it to Prudential Public'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 Prudential Public 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 Prudential. 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 Prudential Public 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 Prudential Public's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Prudential Public'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 Prudential Public 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. Prudential Public Simple Regression Price Forecast For the 5th of June
Given 90 days horizon, the Simple Regression forecasted value of Prudential Public Limited on the next trading day is expected to be 19.37 with a mean absolute deviation of 0.76, mean absolute percentage error of 0.86, and the sum of the absolute errors of 46.53.Please note that although there have been many attempts to predict Prudential 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 Prudential Public's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prudential Public Stock Forecast Pattern
| Backtest Prudential Public | Prudential Public Price Prediction | Buy or Sell Advice |
Prudential Public Forecasted Value
In the context of forecasting Prudential Public'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. Prudential Public's downside and upside margins for the forecasting period are 17.43 and 21.32, respectively. We have considered Prudential Public'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 Prudential Public stock data series using in forecasting. Note that when a statistical model is used to represent Prudential Public 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 | 117.9643 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7629 |
| MAPE | Mean absolute percentage error | 0.04 |
| SAE | Sum of the absolute errors | 46.534 |
Predictive Modules for Prudential Public
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prudential Public. 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 Prudential Public'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 Prudential Public
For every potential investor in Prudential, whether a beginner or expert, Prudential Public's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prudential Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prudential. Basic forecasting techniques help filter out the noise by identifying Prudential Public's price trends.Prudential Public 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 Prudential Public stock to make a market-neutral strategy. Peer analysis of Prudential Public could also be used in its relative valuation, which is a method of valuing Prudential Public by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Prudential Public 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 Prudential Public'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 Prudential Public's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Prudential Public Market Strength Events
Market strength indicators help investors to evaluate how Prudential Public stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prudential Public shares will generate the highest return on investment. By undertsting and applying Prudential Public stock market strength indicators, traders can identify Prudential Public Limited entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 19.62 | |||
| Day Typical Price | 19.62 | |||
| Price Action Indicator | 0.16 | |||
| Period Momentum Indicator | 0.32 |
Prudential Public Risk Indicators
The analysis of Prudential Public'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 Prudential Public's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prudential 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 | 1.47 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.65 |
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.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Prudential Public using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Additional Information and Resources on Investing in Prudential Stock
When determining whether Prudential Public 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 Prudential 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 Prudential Public Limited Stock. Highlighted below are key reports to facilitate an investment decision about Prudential Public Limited Stock:Check out Historical Fundamental Analysis of Prudential Public to cross-verify your projections. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Life & Health Insurance space 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 Prudential Public. If investors know Prudential 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 Prudential Public 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 0.498 | Dividend Share 0.205 | Earnings Share 1.24 | Revenue Per Share 2.0135 | Quarterly Revenue Growth 0.004 |
The market value of Prudential Public is measured differently than its book value, which is the value of Prudential that is recorded on the company's balance sheet. Investors also form their own opinion of Prudential Public's value that differs from its market value or its book value, called intrinsic value, which is Prudential Public'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 Prudential Public's market value can be influenced by many factors that don't directly affect Prudential Public'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 Prudential Public's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Public is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Public'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.