Acadia Realty Stock Forecast - Naive Prediction

AKR Stock  USD 25.22  0.22  0.88%   
The Naive Prediction forecasted value of Acadia Realty Trust on the next trading day is expected to be 25.37 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.44. Acadia Stock Forecast is based on your current time horizon.
  
A naive forecasting model for Acadia Realty is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Acadia Realty Trust value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Acadia Realty Naive Prediction Price Forecast For the 26th of November

Given 90 days horizon, the Naive Prediction forecasted value of Acadia Realty Trust on the next trading day is expected to be 25.37 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.08, and the sum of the absolute errors of 13.44.
Please note that although there have been many attempts to predict Acadia 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 Acadia Realty's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Acadia Realty Stock Forecast Pattern

Backtest Acadia RealtyAcadia Realty Price PredictionBuy or Sell Advice 

Acadia Realty Forecasted Value

In the context of forecasting Acadia Realty'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. Acadia Realty's downside and upside margins for the forecasting period are 24.32 and 26.41, respectively. We have considered Acadia Realty'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
25.22
25.37
Expected Value
26.41
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Acadia Realty stock data series using in forecasting. Note that when a statistical model is used to represent Acadia Realty 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 Criteria115.5829
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2203
MAPEMean absolute percentage error0.0093
SAESum of the absolute errors13.4392
This model is not at all useful as a medium-long range forecasting tool of Acadia Realty Trust. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Acadia Realty. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Acadia Realty

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Acadia Realty Trust. 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
24.2125.2626.31
Details
Intrinsic
Valuation
LowRealHigh
21.5622.6127.74
Details
Bollinger
Band Projection (param)
LowMiddleHigh
24.9425.1525.35
Details
7 Analysts
Consensus
LowTargetHigh
14.9216.4018.20
Details

Other Forecasting Options for Acadia Realty

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

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

Acadia Realty Trust 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 Acadia Realty'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 Acadia Realty's current price.

Acadia Realty Market Strength Events

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

Acadia Realty Risk Indicators

The analysis of Acadia Realty'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 Acadia Realty's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting acadia 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.

Pair Trading with Acadia Realty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Acadia Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Acadia Realty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Acadia Stock

  0.94UE Urban Edge PropertiesPairCorr
  0.78AHR American Healthcare REIT,PairCorr

Moving against Acadia Stock

  0.82AHT-PH Ashford Hospitality TrustPairCorr
  0.79UK Ucommune InternationalPairCorr
  0.77FR First Industrial RealtyPairCorr
  0.77RC Ready Capital CorpPairCorr
  0.73HPP Hudson Pacific Properties Buyout TrendPairCorr
The ability to find closely correlated positions to Acadia Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadia Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acadia Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acadia Realty Trust to buy it.
The correlation of Acadia Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acadia Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acadia Realty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Acadia Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Acadia Stock Analysis

When running Acadia Realty's price analysis, check to measure Acadia Realty'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 Acadia Realty is operating at the current time. Most of Acadia Realty's value examination focuses on studying past and present price action to predict the probability of Acadia Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acadia Realty's price. Additionally, you may evaluate how the addition of Acadia Realty to your portfolios can decrease your overall portfolio volatility.