BJs Restaurants Stock Forecast - Simple Moving Average
| BJRI Stock | USD 37.21 1.87 5.29% |
The Simple Moving Average forecasted value of BJs Restaurants on the next trading day is expected to be 36.27 with a mean absolute deviation of 0.80 and the sum of the absolute errors of 47.35. BJs Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of BJs Restaurants' historical fundamentals, such as revenue growth or operating cash flow patterns.
BJs |
BJs Restaurants Simple Moving Average Price Forecast For the 26th of November
Given 90 days horizon, the Simple Moving Average forecasted value of BJs Restaurants on the next trading day is expected to be 36.27 with a mean absolute deviation of 0.80, mean absolute percentage error of 1.10, and the sum of the absolute errors of 47.35.Please note that although there have been many attempts to predict BJs 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 BJs Restaurants' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
BJs Restaurants Stock Forecast Pattern
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BJs Restaurants Forecasted Value
In the context of forecasting BJs Restaurants' 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. BJs Restaurants' downside and upside margins for the forecasting period are 33.73 and 38.82, respectively. We have considered BJs Restaurants' 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 Moving Average forecasting method's relative quality and the estimations of the prediction error of BJs Restaurants stock data series using in forecasting. Note that when a statistical model is used to represent BJs Restaurants 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 | 114.5304 |
| Bias | Arithmetic mean of the errors | -0.1652 |
| MAD | Mean absolute deviation | 0.8026 |
| MAPE | Mean absolute percentage error | 0.0236 |
| SAE | Sum of the absolute errors | 47.355 |
Predictive Modules for BJs Restaurants
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BJs Restaurants. 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 BJs Restaurants
For every potential investor in BJs, whether a beginner or expert, BJs Restaurants' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BJs Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BJs. Basic forecasting techniques help filter out the noise by identifying BJs Restaurants' price trends.BJs Restaurants 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 BJs Restaurants stock to make a market-neutral strategy. Peer analysis of BJs Restaurants could also be used in its relative valuation, which is a method of valuing BJs Restaurants by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BJs Restaurants 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 BJs Restaurants' 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 BJs Restaurants' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
BJs Restaurants Market Strength Events
Market strength indicators help investors to evaluate how BJs Restaurants stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BJs Restaurants shares will generate the highest return on investment. By undertsting and applying BJs Restaurants stock market strength indicators, traders can identify BJs Restaurants entry and exit signals to maximize returns.
| Accumulation Distribution | 17616.94 | |||
| Daily Balance Of Power | 1.038889 | |||
| Rate Of Daily Change | 1.05 | |||
| Day Median Price | 36.73 | |||
| Day Typical Price | 36.89 | |||
| Price Action Indicator | 1.41 | |||
| Period Momentum Indicator | 1.87 | |||
| Relative Strength Index | 53.39 |
BJs Restaurants Risk Indicators
The analysis of BJs Restaurants' 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 BJs Restaurants' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bjs 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 | 1.99 | |||
| Semi Deviation | 2.27 | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.48 | |||
| Downside Variance | 5.85 | |||
| Semi Variance | 5.14 | |||
| Expected Short fall | (2.24) |
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.
Currently Active Assets on Macroaxis
When determining whether BJs Restaurants offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BJs Restaurants' 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 Bjs Restaurants Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bjs Restaurants Stock:Check out Historical Fundamental Analysis of BJs Restaurants to cross-verify your projections. For more detail on how to invest in BJs Stock please use our How to Invest in BJs Restaurants guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Hotels, Restaurants & Leisure 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 BJs Restaurants. If investors know BJs 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 BJs Restaurants 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 0.44 | Earnings Share 1.26 | Revenue Per Share 57.499 | Quarterly Revenue Growth 0.022 | Return On Assets 0.0172 |
The market value of BJs Restaurants is measured differently than its book value, which is the value of BJs that is recorded on the company's balance sheet. Investors also form their own opinion of BJs Restaurants' value that differs from its market value or its book value, called intrinsic value, which is BJs Restaurants' 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 BJs Restaurants' market value can be influenced by many factors that don't directly affect BJs Restaurants' 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 BJs Restaurants' value and its price as these two are different measures arrived at by different means. Investors typically determine if BJs Restaurants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BJs Restaurants' 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.