Broadway Financial Stock Forecast - Naive Prediction
| BYFC Stock | USD 6.90 0.31 4.30% |
The Naive Prediction forecasted value of Broadway Financial on the next trading day is expected to be 6.97 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.72. Broadway Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Broadway Financial stock prices and determine the direction of Broadway Financial's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Broadway Financial's historical fundamentals, such as revenue growth or operating cash flow patterns.
Broadway |
Broadway Financial Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Broadway Financial's financial statements to predict how it will affect future prices.
Cash | First Reported 1996-03-31 | Previous Quarter 89.8 M | Current Value 97.1 M | Quarterly Volatility 49.5 M |
Broadway Financial Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of Broadway Financial on the next trading day is expected to be 6.97 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.08, and the sum of the absolute errors of 12.72.Please note that although there have been many attempts to predict Broadway 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 Broadway Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Broadway Financial Stock Forecast Pattern
| Backtest Broadway Financial | Broadway Financial Price Prediction | Buy or Sell Advice |
Broadway Financial Forecasted Value
In the context of forecasting Broadway Financial'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. Broadway Financial's downside and upside margins for the forecasting period are 2.37 and 11.57, respectively. We have considered Broadway Financial'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Broadway Financial stock data series using in forecasting. Note that when a statistical model is used to represent Broadway Financial 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 | 115.6069 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2086 |
| MAPE | Mean absolute percentage error | 0.0307 |
| SAE | Sum of the absolute errors | 12.7235 |
Predictive Modules for Broadway Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Broadway Financial. 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 Broadway Financial
For every potential investor in Broadway, whether a beginner or expert, Broadway Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Broadway Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Broadway. Basic forecasting techniques help filter out the noise by identifying Broadway Financial's price trends.Broadway Financial 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 Broadway Financial stock to make a market-neutral strategy. Peer analysis of Broadway Financial could also be used in its relative valuation, which is a method of valuing Broadway Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Broadway Financial 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 Broadway Financial'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 Broadway Financial's current price.| Cycle Indicators | ||
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| Volume Indicators |
Broadway Financial Market Strength Events
Market strength indicators help investors to evaluate how Broadway Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Broadway Financial shares will generate the highest return on investment. By undertsting and applying Broadway Financial stock market strength indicators, traders can identify Broadway Financial entry and exit signals to maximize returns.
Broadway Financial Risk Indicators
The analysis of Broadway Financial'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 Broadway Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting broadway 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 | 3.12 | |||
| Standard Deviation | 4.71 | |||
| Variance | 22.16 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Broadway Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Broadway Financial's 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 Broadway Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Broadway Financial Stock:Check out Historical Fundamental Analysis of Broadway Financial to cross-verify your projections. For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Regional Banks 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 Broadway Financial. If investors know Broadway 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 Broadway Financial 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 0.09 | Earnings Share 0.28 | Revenue Per Share 3.814 | Quarterly Revenue Growth 0.175 | Return On Assets 0.0025 |
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial'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 Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial'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 Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial'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.