Algonquin Power Stock Forecast - Simple Regression

AQNB Stock  USD 25.70  0.07  0.27%   
The Simple Regression forecasted value of Algonquin Power Utilities on the next trading day is expected to be 25.78 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.59. Algonquin Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Algonquin Power stock prices and determine the direction of Algonquin Power Utilities's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Algonquin Power's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
The current year's Payables Turnover is expected to grow to 4.84, whereas Inventory Turnover is forecasted to decline to 3.08. . The current year's Net Income Applicable To Common Shares is expected to grow to about 630.8 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 543.8 M.
Simple Regression model is a single variable regression model that attempts to put a straight line through Algonquin Power 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.

Algonquin Power Simple Regression Price Forecast For the 27th of November

Given 90 days horizon, the Simple Regression forecasted value of Algonquin Power Utilities on the next trading day is expected to be 25.78 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.07, and the sum of the absolute errors of 10.59.
Please note that although there have been many attempts to predict Algonquin 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 Algonquin Power's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Algonquin Power Stock Forecast Pattern

Backtest Algonquin PowerAlgonquin Power Price PredictionBuy or Sell Advice 

Algonquin Power Forecasted Value

In the context of forecasting Algonquin Power'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. Algonquin Power's downside and upside margins for the forecasting period are 25.24 and 26.33, respectively. We have considered Algonquin Power'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
25.70
25.78
Expected Value
26.33
Upside

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 Algonquin Power stock data series using in forecasting. Note that when a statistical model is used to represent Algonquin Power 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 Criteria117.2863
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1707
MAPEMean absolute percentage error0.0067
SAESum of the absolute errors10.5857
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Algonquin Power Utilities historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Algonquin Power

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Algonquin Power Utilities. 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
25.1625.7026.24
Details
Intrinsic
Valuation
LowRealHigh
25.1525.6926.23
Details
Bollinger
Band Projection (param)
LowMiddleHigh
25.5925.7225.84
Details

Other Forecasting Options for Algonquin Power

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

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

Algonquin Power Utilities 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 Algonquin Power'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 Algonquin Power's current price.

Algonquin Power Market Strength Events

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

Algonquin Power Risk Indicators

The analysis of Algonquin Power'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 Algonquin Power's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting algonquin 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.

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.
When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock:
Check out Historical Fundamental Analysis of Algonquin Power to cross-verify your projections.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Electric Utilities space 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 Algonquin Power. If investors know Algonquin 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 Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's 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 Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's 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 Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power'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.