Broadridge Financial Stock Forecast - Polynomial Regression

5B9 Stock  EUR 224.00  4.00  1.82%   
The Polynomial Regression forecasted value of Broadridge Financial Solutions on the next trading day is expected to be 228.24 with a mean absolute deviation of 3.64 and the sum of the absolute errors of 222.11. Broadridge Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Broadridge Financial's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Broadridge Financial polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Broadridge Financial Solutions as well as the accuracy indicators are determined from the period prices.

Broadridge Financial Polynomial Regression Price Forecast For the 14th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Broadridge Financial Solutions on the next trading day is expected to be 228.24 with a mean absolute deviation of 3.64, mean absolute percentage error of 21.90, and the sum of the absolute errors of 222.11.
Please note that although there have been many attempts to predict Broadridge 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 Broadridge Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Broadridge Financial Stock Forecast Pattern

Backtest Broadridge FinancialBroadridge Financial Price PredictionBuy or Sell Advice 

Broadridge Financial Forecasted Value

In the context of forecasting Broadridge Financial'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. Broadridge Financial's downside and upside margins for the forecasting period are 226.96 and 229.52, respectively. We have considered Broadridge Financial'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.
Market Value
224.00
226.96
Downside
228.24
Expected Value
229.52
Upside

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 Broadridge Financial stock data series using in forecasting. Note that when a statistical model is used to represent Broadridge Financial 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.
AICAkaike Information Criteria121.1969
BiasArithmetic mean of the errors None
MADMean absolute deviation3.6411
MAPEMean absolute percentage error0.0179
SAESum of the absolute errors222.1095
A single variable polynomial regression model attempts to put a curve through the Broadridge Financial historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Broadridge Financial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Broadridge Financial. 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.
Hype
Prediction
LowEstimatedHigh
222.72224.00225.28
Details
Intrinsic
Valuation
LowRealHigh
201.60253.11254.39
Details

Other Forecasting Options for Broadridge Financial

For every potential investor in Broadridge, whether a beginner or expert, Broadridge Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Broadridge Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Broadridge. Basic forecasting techniques help filter out the noise by identifying Broadridge Financial's price trends.

Broadridge Financial 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 Broadridge Financial stock to make a market-neutral strategy. Peer analysis of Broadridge Financial could also be used in its relative valuation, which is a method of valuing Broadridge Financial by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Broadridge Financial 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 Broadridge Financial'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 Broadridge Financial's current price.

Broadridge Financial Market Strength Events

Market strength indicators help investors to evaluate how Broadridge Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Broadridge Financial shares will generate the highest return on investment. By undertsting and applying Broadridge Financial stock market strength indicators, traders can identify Broadridge Financial Solutions entry and exit signals to maximize returns.

Broadridge Financial Risk Indicators

The analysis of Broadridge Financial'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 Broadridge Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting broadridge 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.
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.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Broadridge Stock

When determining whether Broadridge Financial is a strong investment it is important to analyze Broadridge Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Broadridge Financial's future performance. For an informed investment choice regarding Broadridge Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Broadridge Financial to cross-verify your projections.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Please note, there is a significant difference between Broadridge Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadridge Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadridge Financial'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.