Atlas Corp Stock Forecast - Naive Prediction
| ATCODelisted Stock | USD 15.48 0.00 0.00% |
The Naive Prediction forecasted value of Atlas Corp on the next trading day is expected to be 15.66 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.12. Atlas Stock Forecast is based on your current time horizon.
Atlas |
Atlas Corp Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Atlas Corp on the next trading day is expected to be 15.66 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.12.Please note that although there have been many attempts to predict Atlas 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 Atlas Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Atlas Corp Stock Forecast Pattern
| Backtest Atlas Corp | Atlas Corp Price Prediction | Buy or Sell Advice |
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 Atlas Corp stock data series using in forecasting. Note that when a statistical model is used to represent Atlas Corp 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 | 113.2651 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0675 |
| MAPE | Mean absolute percentage error | 0.0045 |
| SAE | Sum of the absolute errors | 4.1202 |
Predictive Modules for Atlas Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Atlas Corp. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Atlas Corp 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 Atlas Corp stock to make a market-neutral strategy. Peer analysis of Atlas Corp could also be used in its relative valuation, which is a method of valuing Atlas Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Atlas Corp Market Strength Events
Market strength indicators help investors to evaluate how Atlas Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Atlas Corp shares will generate the highest return on investment. By undertsting and applying Atlas Corp stock market strength indicators, traders can identify Atlas Corp entry and exit signals to maximize returns.
Atlas Corp Risk Indicators
The analysis of Atlas Corp'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 Atlas Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting atlas 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 | 0.2375 | |||
| Semi Deviation | 0.1247 | |||
| Standard Deviation | 0.3634 | |||
| Variance | 0.1321 | |||
| Downside Variance | 0.0923 | |||
| Semi Variance | 0.0156 | |||
| Expected Short fall | (0.34) |
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.
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 main economic indicators. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Other Consideration for investing in Atlas Stock
If you are still planning to invest in Atlas Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Atlas Corp's history and understand the potential risks before investing.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |