Azek Stock Forecast - Simple Exponential Smoothing
| AZEK Stock | USD 49.97 0.07 0.14% |
The Simple Exponential Smoothing forecasted value of Azek Company on the next trading day is expected to be 49.97 with a mean absolute deviation of 0.73 and the sum of the absolute errors of 43.90. Azek Stock Forecast is based on your current time horizon. Although Azek's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Azek's systematic risk associated with finding meaningful patterns of Azek fundamentals over time.
Azek |
Open Interest Against 2025-03-21 Azek Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Azek's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Azek's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Azek stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Azek's open interest, investors have to compare it to Azek's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Azek is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Azek. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Azek Simple Exponential Smoothing Price Forecast For the 19th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Azek Company on the next trading day is expected to be 49.97 with a mean absolute deviation of 0.73, mean absolute percentage error of 1.02, and the sum of the absolute errors of 43.90.Please note that although there have been many attempts to predict Azek 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 Azek's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Azek Stock Forecast Pattern
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Azek Forecasted Value
In the context of forecasting Azek'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. Azek's downside and upside margins for the forecasting period are 47.94 and 52.00, respectively. We have considered Azek'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Azek stock data series using in forecasting. Note that when a statistical model is used to represent Azek 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 | 116.2875 |
| Bias | Arithmetic mean of the errors | -0.124 |
| MAD | Mean absolute deviation | 0.7317 |
| MAPE | Mean absolute percentage error | 0.0151 |
| SAE | Sum of the absolute errors | 43.9 |
Predictive Modules for Azek
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Azek Company. 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 Azek'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.
Other Forecasting Options for Azek
For every potential investor in Azek, whether a beginner or expert, Azek's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Azek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Azek. Basic forecasting techniques help filter out the noise by identifying Azek's price trends.Azek 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 Azek stock to make a market-neutral strategy. Peer analysis of Azek could also be used in its relative valuation, which is a method of valuing Azek by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Azek Company 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 Azek'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 Azek's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Azek Market Strength Events
Market strength indicators help investors to evaluate how Azek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Azek shares will generate the highest return on investment. By undertsting and applying Azek stock market strength indicators, traders can identify Azek Company entry and exit signals to maximize returns.
Azek Risk Indicators
The analysis of Azek'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 Azek's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting azek 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 | 1.52 | |||
| Semi Deviation | 1.86 | |||
| Standard Deviation | 2.04 | |||
| Variance | 4.15 | |||
| Downside Variance | 4.25 | |||
| Semi Variance | 3.46 | |||
| Expected Short fall | (1.59) |
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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Is Building Products 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 Azek. If investors know Azek 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 Azek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.478 | Earnings Share 1.04 | Revenue Per Share | Quarterly Revenue Growth 0.121 | Return On Assets |
The market value of Azek Company is measured differently than its book value, which is the value of Azek that is recorded on the company's balance sheet. Investors also form their own opinion of Azek's value that differs from its market value or its book value, called intrinsic value, which is Azek'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 Azek's market value can be influenced by many factors that don't directly affect Azek'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 Azek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azek'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.