Charter Communications Stock Forecast - Simple Regression

CHTR Stock  USD 389.12  4.28  1.11%   
The Simple Regression forecasted value of Charter Communications on the next trading day is expected to be 375.27 with a mean absolute deviation of 18.15 and the sum of the absolute errors of 1,107. Charter Stock Forecast is based on your current time horizon. Although Charter Communications' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Charter Communications' systematic risk associated with finding meaningful patterns of Charter Communications fundamentals over time.
  
As of 11/21/2024, Receivables Turnover is likely to grow to 18.71, while Payables Turnover is likely to drop 21.82. . As of 11/21/2024, Common Stock Shares Outstanding is likely to grow to about 163 M, while Net Income Applicable To Common Shares is likely to drop slightly above 3.3 B.
Simple Regression model is a single variable regression model that attempts to put a straight line through Charter Communications 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.

Charter Communications Simple Regression Price Forecast For the 22nd of November

Given 90 days horizon, the Simple Regression forecasted value of Charter Communications on the next trading day is expected to be 375.27 with a mean absolute deviation of 18.15, mean absolute percentage error of 431.08, and the sum of the absolute errors of 1,107.
Please note that although there have been many attempts to predict Charter 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 Charter Communications' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Charter Communications Stock Forecast Pattern

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Charter Communications Forecasted Value

In the context of forecasting Charter Communications' 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. Charter Communications' downside and upside margins for the forecasting period are 372.84 and 377.69, respectively. We have considered Charter Communications' 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.
Market Value
389.12
372.84
Downside
375.27
Expected Value
377.69
Upside

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 Charter Communications stock data series using in forecasting. Note that when a statistical model is used to represent Charter Communications 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.
AICAkaike Information Criteria124.1768
BiasArithmetic mean of the errors None
MADMean absolute deviation18.1513
MAPEMean absolute percentage error0.0521
SAESum of the absolute errors1107.232
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 Charter Communications 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 Charter Communications

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Charter Communications. 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 Charter Communications' 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.
Hype
Prediction
LowEstimatedHigh
386.69389.12391.55
Details
Intrinsic
Valuation
LowRealHigh
312.73315.16428.03
Details
Bollinger
Band Projection (param)
LowMiddleHigh
305.71366.96428.20
Details
27 Analysts
Consensus
LowTargetHigh
443.92487.82541.48
Details

Other Forecasting Options for Charter Communications

For every potential investor in Charter, whether a beginner or expert, Charter Communications' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Charter Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Charter. Basic forecasting techniques help filter out the noise by identifying Charter Communications' price trends.

Charter Communications 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 Charter Communications stock to make a market-neutral strategy. Peer analysis of Charter Communications could also be used in its relative valuation, which is a method of valuing Charter Communications by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Charter Communications 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 Charter Communications' 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 Charter Communications' current price.

Charter Communications Market Strength Events

Market strength indicators help investors to evaluate how Charter Communications stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Charter Communications shares will generate the highest return on investment. By undertsting and applying Charter Communications stock market strength indicators, traders can identify Charter Communications entry and exit signals to maximize returns.

Charter Communications Risk Indicators

The analysis of Charter Communications' 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 Charter Communications' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting charter 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.
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 Charter Communications

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 Charter Communications 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 Charter Communications will appreciate offsetting losses from the drop in the long position's value.

Moving against Charter Stock

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The ability to find closely correlated positions to Charter Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charter Communications 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 Charter Communications - 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 Charter Communications to buy it.
The correlation of Charter Communications 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 Charter Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charter Communications 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 Charter Communications 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.
Pair CorrelationCorrelation Matching

Additional Tools for Charter Stock Analysis

When running Charter Communications' price analysis, check to measure Charter Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Charter Communications is operating at the current time. Most of Charter Communications' value examination focuses on studying past and present price action to predict the probability of Charter Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charter Communications' price. Additionally, you may evaluate how the addition of Charter Communications to your portfolios can decrease your overall portfolio volatility.