The Simple Moving Average forecasted value of Academy Sports and on the next trading day is expected to be 85.36 with a mean absolute deviation of 0.96 and the sum of the absolute errors of 56.76. Investors can use prediction functions to forecast Academy Sports' stock prices and determine the direction of Academy Sports and's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Academy Sports' historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Academy
A two period moving average forecast for Academy Sports is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.
Academy Sports Simple Moving Average Price Forecast For the 16th of January 2025
Given 90 days horizon, the Simple Moving Average forecasted value of Academy Sports and on the next trading day is expected to be 85.36 with a mean absolute deviation of 0.96, mean absolute percentage error of 5.73, and the sum of the absolute errors of 56.76.
Please note that although there have been many attempts to predict Academy 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 Academy Sports' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Academy Sports Stock Forecast Pattern
Academy Sports Forecasted Value
In the context of forecasting Academy Sports' 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. Academy Sports' downside and upside margins for the forecasting period are 82.50 and 88.22, respectively. We have considered Academy Sports' 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.
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Academy Sports stock data series using in forecasting. Note that when a statistical model is used to represent Academy Sports 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
116.1803
Bias
Arithmetic mean of the errors
-0.1594
MAD
Mean absolute deviation
0.9619
MAPE
Mean absolute percentage error
0.0129
SAE
Sum of the absolute errors
56.755
The simple moving average model is conceptually a linear regression of the current value of Academy Sports and price series against current and previous (unobserved) value of Academy Sports. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future
Predictive Modules for Academy Sports
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Academy Sports. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Academy Sports. Your research has to be compared to or analyzed against Academy Sports' peers to derive any actionable benefits. When done correctly, Academy Sports' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Academy Sports.
Other Forecasting Options for Academy Sports
For every potential investor in Academy, whether a beginner or expert, Academy Sports' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Academy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Academy. Basic forecasting techniques help filter out the noise by identifying Academy Sports' price trends.
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 Academy Sports stock to make a market-neutral strategy. Peer analysis of Academy Sports could also be used in its relative valuation, which is a method of valuing Academy Sports by comparing valuation metrics with similar companies.
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 Academy Sports' 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 Academy Sports' current price.
Market strength indicators help investors to evaluate how Academy Sports stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Academy Sports shares will generate the highest return on investment. By undertsting and applying Academy Sports stock market strength indicators, traders can identify Academy Sports and entry and exit signals to maximize returns.
The analysis of Academy Sports' 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 Academy Sports' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting academy 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.
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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.