Aspen Technology Stock Forecast - Polynomial Regression
| AZPN Stock | USD 250.94 0.09 0.04% |
The Polynomial Regression forecasted value of Aspen Technology on the next trading day is expected to be 253.26 with a mean absolute deviation of 2.38 and the sum of the absolute errors of 147.67. Aspen Stock Forecast is based on your current time horizon. Although Aspen Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Aspen Technology's systematic risk associated with finding meaningful patterns of Aspen Technology fundamentals over time.
Aspen |
Aspen Technology Polynomial Regression Price Forecast For the 27th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Aspen Technology on the next trading day is expected to be 253.26 with a mean absolute deviation of 2.38, mean absolute percentage error of 9.82, and the sum of the absolute errors of 147.67.Please note that although there have been many attempts to predict Aspen 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 Aspen Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Aspen Technology Stock Forecast Pattern
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Aspen Technology Forecasted Value
In the context of forecasting Aspen Technology'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. Aspen Technology's downside and upside margins for the forecasting period are 251.85 and 254.66, respectively. We have considered Aspen Technology'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Aspen Technology stock data series using in forecasting. Note that when a statistical model is used to represent Aspen Technology 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 | 122.2333 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.3818 |
| MAPE | Mean absolute percentage error | 0.0101 |
| SAE | Sum of the absolute errors | 147.6727 |
Predictive Modules for Aspen Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aspen Technology. 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.Other Forecasting Options for Aspen Technology
For every potential investor in Aspen, whether a beginner or expert, Aspen Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Aspen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Aspen. Basic forecasting techniques help filter out the noise by identifying Aspen Technology's price trends.View Aspen Technology Related Equities
| Risk & Return | Correlation |
Aspen Technology 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 Aspen Technology'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 Aspen Technology's current price.| Cycle Indicators | ||
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Aspen Technology Market Strength Events
Market strength indicators help investors to evaluate how Aspen Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aspen Technology shares will generate the highest return on investment. By undertsting and applying Aspen Technology stock market strength indicators, traders can identify Aspen Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 6245.15 | |||
| Daily Balance Of Power | 0.0313 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 250.0 | |||
| Day Typical Price | 250.31 | |||
| Price Action Indicator | 0.98 | |||
| Period Momentum Indicator | 0.09 |
Aspen Technology Risk Indicators
The analysis of Aspen Technology'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 Aspen Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aspen 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 | 1.04 | |||
| Semi Deviation | 1.11 | |||
| Standard Deviation | 1.41 | |||
| Variance | 2.0 | |||
| Downside Variance | 1.84 | |||
| Semi Variance | 1.23 | |||
| Expected Short fall | (1.13) |
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 Aspen Technology
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 Aspen Technology 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 Aspen Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Aspen Stock
| 0.69 | DJCO | Daily Journal Corp | PairCorr |
| 0.68 | AI | C3 Ai Inc Trending | PairCorr |
| 0.84 | BL | Blackline | PairCorr |
| 0.66 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
Moving against Aspen Stock
| 0.72 | VERB | VERB TECHNOLOGY PANY Trending | PairCorr |
| 0.53 | EGAN | eGain | PairCorr |
| 0.48 | VTEX | VTEX | PairCorr |
| 0.36 | DMAN | Innovativ Media Group | PairCorr |
| 0.35 | VCSA | Vacasa Inc | PairCorr |
The ability to find closely correlated positions to Aspen Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Technology 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 Aspen Technology - 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 Aspen Technology to buy it.
The correlation of Aspen Technology 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 Aspen Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Technology 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 Aspen Technology 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.Check out Historical Fundamental Analysis of Aspen Technology to cross-verify your projections. To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Application Software 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 Aspen Technology. If investors know Aspen 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 Aspen Technology 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 0.682 | Earnings Share (0.58) | Revenue Per Share 17.245 | Quarterly Revenue Growth (0.13) | Return On Assets (0.01) |
The market value of Aspen Technology is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Technology's value that differs from its market value or its book value, called intrinsic value, which is Aspen Technology'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 Aspen Technology's market value can be influenced by many factors that don't directly affect Aspen Technology'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 Aspen Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Technology'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.