FutureFuel Corp Stock Forecast - Naive Prediction
| FF Stock | USD 5.18 0.04 0.78% |
The Naive Prediction forecasted value of FutureFuel Corp on the next trading day is expected to be 5.16 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.31. FutureFuel Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of FutureFuel Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
FutureFuel |
FutureFuel Corp Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the FutureFuel Corp's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2006-12-31 | Previous Quarter 115.1 M | Current Value 133.4 M | Quarterly Volatility 58.1 M |
FutureFuel Corp Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of FutureFuel Corp on the next trading day is expected to be 5.16 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.31.Please note that although there have been many attempts to predict FutureFuel 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 FutureFuel Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FutureFuel Corp Stock Forecast Pattern
| Backtest FutureFuel Corp | FutureFuel Corp Price Prediction | Buy or Sell Advice |
FutureFuel Corp Forecasted Value
In the context of forecasting FutureFuel Corp'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. FutureFuel Corp's downside and upside margins for the forecasting period are 2.22 and 8.10, respectively. We have considered FutureFuel Corp'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 FutureFuel Corp stock data series using in forecasting. Note that when a statistical model is used to represent FutureFuel Corp 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 | 114.644 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1198 |
| MAPE | Mean absolute percentage error | 0.0209 |
| SAE | Sum of the absolute errors | 7.3092 |
Predictive Modules for FutureFuel Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FutureFuel Corp. 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 FutureFuel Corp
For every potential investor in FutureFuel, whether a beginner or expert, FutureFuel Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FutureFuel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FutureFuel. Basic forecasting techniques help filter out the noise by identifying FutureFuel Corp's price trends.FutureFuel Corp 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 FutureFuel Corp stock to make a market-neutral strategy. Peer analysis of FutureFuel Corp could also be used in its relative valuation, which is a method of valuing FutureFuel Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FutureFuel Corp 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 FutureFuel Corp'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 FutureFuel Corp's current price.| Cycle Indicators | ||
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FutureFuel Corp Market Strength Events
Market strength indicators help investors to evaluate how FutureFuel Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FutureFuel Corp shares will generate the highest return on investment. By undertsting and applying FutureFuel Corp stock market strength indicators, traders can identify FutureFuel Corp entry and exit signals to maximize returns.
FutureFuel Corp Risk Indicators
The analysis of FutureFuel Corp'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 FutureFuel Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting futurefuel 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 | 1.73 | |||
| Standard Deviation | 2.91 | |||
| Variance | 8.45 |
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
Check out Historical Fundamental Analysis of FutureFuel Corp to cross-verify your projections. For more detail on how to invest in FutureFuel Stock please use our How to Invest in FutureFuel Corp guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Specialty Chemicals 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 FutureFuel Corp. If investors know FutureFuel 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 FutureFuel Corp 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 (0.79) | Dividend Share 0.24 | Earnings Share 0.82 | Revenue Per Share 6.257 | Quarterly Revenue Growth (0.56) |
The market value of FutureFuel Corp is measured differently than its book value, which is the value of FutureFuel that is recorded on the company's balance sheet. Investors also form their own opinion of FutureFuel Corp's value that differs from its market value or its book value, called intrinsic value, which is FutureFuel Corp'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 FutureFuel Corp's market value can be influenced by many factors that don't directly affect FutureFuel Corp'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 FutureFuel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if FutureFuel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FutureFuel Corp'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.