CompoSecure Stock Forecast - Polynomial Regression
| CMPOW Stock | USD 5.46 0.12 2.25% |
The Polynomial Regression forecasted value of CompoSecure on the next trading day is expected to be 5.77 with a mean absolute deviation of 0.25 and the sum of the absolute errors of 15.48. CompoSecure Stock Forecast is based on your current time horizon.
CompoSecure |
CompoSecure Polynomial Regression Price Forecast For the 13th of December 2024
Given 90 days horizon, the Polynomial Regression forecasted value of CompoSecure on the next trading day is expected to be 5.77 with a mean absolute deviation of 0.25, mean absolute percentage error of 0.1, and the sum of the absolute errors of 15.48.Please note that although there have been many attempts to predict CompoSecure 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 CompoSecure's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CompoSecure Stock Forecast Pattern
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CompoSecure Forecasted Value
In the context of forecasting CompoSecure'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. CompoSecure's downside and upside margins for the forecasting period are 0.05 and 11.56, respectively. We have considered CompoSecure'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 CompoSecure stock data series using in forecasting. Note that when a statistical model is used to represent CompoSecure 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 | 117.631 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2497 |
| MAPE | Mean absolute percentage error | 0.0603 |
| SAE | Sum of the absolute errors | 15.4829 |
Predictive Modules for CompoSecure
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CompoSecure. 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.Other Forecasting Options for CompoSecure
For every potential investor in CompoSecure, whether a beginner or expert, CompoSecure's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CompoSecure Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CompoSecure. Basic forecasting techniques help filter out the noise by identifying CompoSecure's price trends.CompoSecure 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 CompoSecure stock to make a market-neutral strategy. Peer analysis of CompoSecure could also be used in its relative valuation, which is a method of valuing CompoSecure by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CompoSecure 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 CompoSecure'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 CompoSecure's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CompoSecure Market Strength Events
Market strength indicators help investors to evaluate how CompoSecure stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CompoSecure shares will generate the highest return on investment. By undertsting and applying CompoSecure stock market strength indicators, traders can identify CompoSecure entry and exit signals to maximize returns.
| Accumulation Distribution | 5539.43 | |||
| Daily Balance Of Power | 0.3158 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 5.31 | |||
| Day Typical Price | 5.36 | |||
| Price Action Indicator | 0.21 | |||
| Period Momentum Indicator | 0.12 |
CompoSecure Risk Indicators
The analysis of CompoSecure'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 CompoSecure's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting composecure 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 | 4.04 | |||
| Semi Deviation | 4.56 | |||
| Standard Deviation | 5.73 | |||
| Variance | 32.78 | |||
| Downside Variance | 30.34 | |||
| Semi Variance | 20.82 | |||
| Expected Short fall | (4.63) |
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.Additional Tools for CompoSecure Stock Analysis
When running CompoSecure's price analysis, check to measure CompoSecure'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 CompoSecure is operating at the current time. Most of CompoSecure's value examination focuses on studying past and present price action to predict the probability of CompoSecure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CompoSecure's price. Additionally, you may evaluate how the addition of CompoSecure to your portfolios can decrease your overall portfolio volatility.