Wynn Resorts Stock Forecast - Simple Regression
| WYNN Stock | USD 95.75 1.48 1.52% |
The Simple Regression forecasted value of Wynn Resorts Limited on the next trading day is expected to be 96.81 with a mean absolute deviation of 2.18 and the sum of the absolute errors of 133.22. Wynn Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wynn Resorts stock prices and determine the direction of Wynn Resorts Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wynn Resorts' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Wynn Resorts' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Wynn Resorts' systematic risk associated with finding meaningful patterns of Wynn Resorts fundamentals over time.
Check out Historical Fundamental Analysis of Wynn Resorts to cross-verify your projections. Wynn |
Open Interest Against 2024-05-10 Wynn Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Wynn Resorts' 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 Wynn Resorts' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Wynn Resorts 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 Wynn Resorts' open interest, investors have to compare it to Wynn Resorts' 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 Wynn Resorts 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 Wynn. 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 Wynn Resorts 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 Wynn Resorts' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Wynn Resorts' 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 Wynn Resorts 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. Wynn Resorts Simple Regression Price Forecast For the 10th of May
Given 90 days horizon, the Simple Regression forecasted value of Wynn Resorts Limited on the next trading day is expected to be 96.81 with a mean absolute deviation of 2.18, mean absolute percentage error of 8.54, and the sum of the absolute errors of 133.22.Please note that although there have been many attempts to predict Wynn 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 Wynn Resorts' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wynn Resorts Stock Forecast Pattern
| Backtest Wynn Resorts | Wynn Resorts Price Prediction | Buy or Sell Advice |
Wynn Resorts Forecasted Value
In the context of forecasting Wynn Resorts' 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. Wynn Resorts' downside and upside margins for the forecasting period are 95.18 and 98.45, respectively. We have considered Wynn Resorts' 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 Wynn Resorts stock data series using in forecasting. Note that when a statistical model is used to represent Wynn Resorts 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 | 120.2551 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.184 |
| MAPE | Mean absolute percentage error | 0.0216 |
| SAE | Sum of the absolute errors | 133.222 |
Predictive Modules for Wynn Resorts
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wynn Resorts Limited. 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 Wynn Resorts' 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 Wynn Resorts
For every potential investor in Wynn, whether a beginner or expert, Wynn Resorts' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wynn Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wynn. Basic forecasting techniques help filter out the noise by identifying Wynn Resorts' price trends.Wynn Resorts 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 Wynn Resorts stock to make a market-neutral strategy. Peer analysis of Wynn Resorts could also be used in its relative valuation, which is a method of valuing Wynn Resorts by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wynn Resorts Limited 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 Wynn Resorts' 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 Wynn Resorts' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Wynn Resorts Market Strength Events
Market strength indicators help investors to evaluate how Wynn Resorts stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wynn Resorts shares will generate the highest return on investment. By undertsting and applying Wynn Resorts stock market strength indicators, traders can identify Wynn Resorts Limited entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 95.75 | |||
| Day Typical Price | 95.75 | |||
| Price Action Indicator | (0.74) | |||
| Period Momentum Indicator | (1.48) |
Wynn Resorts Risk Indicators
The analysis of Wynn Resorts' 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 Wynn Resorts' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wynn 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 | 1.31 | |||
| Standard Deviation | 1.81 | |||
| Variance | 3.28 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| CRM | Salesforce | |
| MSFT | Microsoft | |
| S | SentinelOne |
Check out Historical Fundamental Analysis of Wynn Resorts to cross-verify your projections. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Wynn Stock analysis
When running Wynn Resorts' price analysis, check to measure Wynn Resorts' 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 Wynn Resorts is operating at the current time. Most of Wynn Resorts' value examination focuses on studying past and present price action to predict the probability of Wynn Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wynn Resorts' price. Additionally, you may evaluate how the addition of Wynn Resorts to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |
Is Wynn Resorts' 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 Wynn Resorts. If investors know Wynn 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 Wynn Resorts 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 21.116 | Dividend Share 0.75 | Earnings Share 7.64 | Revenue Per Share 58.049 | Quarterly Revenue Growth 0.831 |
The market value of Wynn Resorts Limited is measured differently than its book value, which is the value of Wynn that is recorded on the company's balance sheet. Investors also form their own opinion of Wynn Resorts' value that differs from its market value or its book value, called intrinsic value, which is Wynn Resorts' 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 Wynn Resorts' market value can be influenced by many factors that don't directly affect Wynn Resorts' 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 Wynn Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wynn Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wynn Resorts' 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.