Ufp Industries Stock Forecast - Simple Exponential Smoothing
| UFPI Stock | USD 114.35 0.91 0.79% |
The Simple Exponential Smoothing forecasted value of Ufp Industries on the next trading day is expected to be 114.54 with a mean absolute deviation of 1.59 and the sum of the absolute errors of 95.36. Ufp Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Ufp Industries' historical fundamentals, such as revenue growth or operating cash flow patterns.
Ufp |
Open Interest Against 2024-06-21 Ufp Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ufp Industries' 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 Ufp Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ufp Industries 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 Ufp Industries' open interest, investors have to compare it to Ufp Industries' 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 Ufp Industries 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 Ufp. 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 Ufp Industries 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 Ufp Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ufp Industries' price structures and extracts relationships that further increase the generated results' accuracy.
Ufp Industries simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Ufp Industries are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Ufp Industries prices get older. Ufp Industries Simple Exponential Smoothing Price Forecast For the 12th of June 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Ufp Industries on the next trading day is expected to be 114.54 with a mean absolute deviation of 1.59, mean absolute percentage error of 3.60, and the sum of the absolute errors of 95.36.Please note that although there have been many attempts to predict Ufp 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 Ufp Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ufp Industries Stock Forecast Pattern
| Backtest Ufp Industries | Ufp Industries Price Prediction | Buy or Sell Advice |
Ufp Industries Forecasted Value
In the context of forecasting Ufp Industries' 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. Ufp Industries' downside and upside margins for the forecasting period are 112.90 and 116.19, respectively. We have considered Ufp Industries' 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Ufp Industries stock data series using in forecasting. Note that when a statistical model is used to represent Ufp Industries 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 | 117.5548 |
| Bias | Arithmetic mean of the errors | 0.0187 |
| MAD | Mean absolute deviation | 1.5893 |
| MAPE | Mean absolute percentage error | 0.0136 |
| SAE | Sum of the absolute errors | 95.3584 |
Predictive Modules for Ufp Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ufp Industries. 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 Ufp Industries' 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 Ufp Industries
For every potential investor in Ufp, whether a beginner or expert, Ufp Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ufp Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ufp. Basic forecasting techniques help filter out the noise by identifying Ufp Industries' price trends.Ufp Industries 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 Ufp Industries stock to make a market-neutral strategy. Peer analysis of Ufp Industries could also be used in its relative valuation, which is a method of valuing Ufp Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ufp Industries 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 Ufp Industries' 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 Ufp Industries' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ufp Industries Market Strength Events
Market strength indicators help investors to evaluate how Ufp Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ufp Industries shares will generate the highest return on investment. By undertsting and applying Ufp Industries stock market strength indicators, traders can identify Ufp Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 2678.81 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 113.65 | |||
| Day Typical Price | 113.88 | |||
| Price Action Indicator | 0.24 | |||
| Period Momentum Indicator | (0.91) |
Ufp Industries Risk Indicators
The analysis of Ufp Industries' 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 Ufp Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ufp 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 | 1.35 | |||
| Semi Deviation | 1.75 | |||
| Standard Deviation | 1.63 | |||
| Variance | 2.65 | |||
| Downside Variance | 3.18 | |||
| Semi Variance | 3.07 | |||
| Expected Short fall | (1.28) |
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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Additional Information and Resources on Investing in Ufp Stock
When determining whether Ufp Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ufp Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ufp Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ufp Industries Stock:Check out Historical Fundamental Analysis of Ufp Industries to cross-verify your projections. For more detail on how to invest in Ufp Stock please use our How to Invest in Ufp Industries guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Building Products 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 Ufp Industries. If investors know Ufp 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 Ufp Industries 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 (0.01) | Dividend Share 1.18 | Earnings Share 8.05 | Revenue Per Share 118.38 | Quarterly Revenue Growth (0.10) |
The market value of Ufp Industries is measured differently than its book value, which is the value of Ufp that is recorded on the company's balance sheet. Investors also form their own opinion of Ufp Industries' value that differs from its market value or its book value, called intrinsic value, which is Ufp Industries' 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 Ufp Industries' market value can be influenced by many factors that don't directly affect Ufp Industries' 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 Ufp Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ufp Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ufp Industries' 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.