Beacon Roofing Stock Forecast - Simple Regression

Beacon Roofing Additional Predictive Modules

Most predictive techniques to examine Beacon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Beacon using various technical indicators. When you analyze Beacon charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. Simple Regression model is a single variable regression model that attempts to put a straight line through Beacon Roofing 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.

Beacon Roofing Simple Regression Price Forecast For the 20th of January

Given 90 days horizon, the Simple Regression forecasted value of Beacon Roofing Supply on the next trading day is expected to be 124.61 with a mean absolute deviation of 1.94, mean absolute percentage error of 7.06, and the sum of the absolute errors of 118.06.

Beacon Roofing Stock Forecast Pattern

Backtest Beacon Roofing

Beacon Roofing Price Prediction

Buy or Sell Advice

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 Beacon Roofing stock data series using in forecasting. Note that when a statistical model is used to represent Beacon Roofing 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. 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 Beacon Roofing Supply 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 Beacon Roofing

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Beacon Roofing Supply. 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 Low Estimated High 124.17 124.17 124.17 Details

Intrinsic Valuation Low Real High 102.77 102.77 136.59 Details

Bollinger Band Projection (param) Low Middle High 121.98 123.40 124.82 Details

Beacon Roofing Related Equities

Risk & Return

Correlation

Beacon Roofing Market Strength Events

Beacon Roofing Risk Indicators

Pair Trading with Beacon Roofing

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 Beacon Roofing 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 Beacon Roofing will appreciate offsetting losses from the drop in the long position's value.

Other Consideration for investing in Beacon Stock