FGI Industries Stock Forecast - Polynomial Regression
| FGI Stock | USD 0.81 0.01 1.25% |
The Polynomial Regression forecasted value of FGI Industries on the next trading day is expected to be 0.74 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.30. FGI Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of FGI Industries' historical fundamentals, such as revenue growth or operating cash flow patterns.
FGI |
FGI Industries Polynomial Regression Price Forecast For the 27th of November
Given 90 days horizon, the Polynomial Regression forecasted value of FGI Industries on the next trading day is expected to be 0.74 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.30.Please note that although there have been many attempts to predict FGI 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 FGI Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FGI Industries Stock Forecast Pattern
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FGI Industries Forecasted Value
In the context of forecasting FGI Industries' 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. FGI Industries' downside and upside margins for the forecasting period are 0.01 and 6.29, respectively. We have considered FGI Industries' 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of FGI Industries stock data series using in forecasting. Note that when a statistical model is used to represent FGI Industries 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 | 113.8517 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.037 |
| MAPE | Mean absolute percentage error | 0.044 |
| SAE | Sum of the absolute errors | 2.2968 |
Predictive Modules for FGI Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FGI Industries. 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 FGI Industries
For every potential investor in FGI, whether a beginner or expert, FGI Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FGI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FGI. Basic forecasting techniques help filter out the noise by identifying FGI Industries' price trends.FGI Industries 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 FGI Industries stock to make a market-neutral strategy. Peer analysis of FGI Industries could also be used in its relative valuation, which is a method of valuing FGI Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FGI Industries 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 FGI Industries' 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 FGI Industries' current price.| Cycle Indicators | ||
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FGI Industries Market Strength Events
Market strength indicators help investors to evaluate how FGI Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FGI Industries shares will generate the highest return on investment. By undertsting and applying FGI Industries stock market strength indicators, traders can identify FGI Industries entry and exit signals to maximize returns.
FGI Industries Risk Indicators
The analysis of FGI Industries' 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 FGI Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fgi 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 | 3.95 | |||
| Semi Deviation | 4.85 | |||
| Standard Deviation | 5.5 | |||
| Variance | 30.25 | |||
| Downside Variance | 29.95 | |||
| Semi Variance | 23.55 | |||
| Expected Short fall | (4.92) |
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 FGI Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FGI Industries' 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 Fgi Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fgi Industries Stock:Check out Historical Fundamental Analysis of FGI Industries to cross-verify your projections. For more detail on how to invest in FGI Stock please use our How to Invest in FGI Industries guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Apparel, Accessories & Luxury Goods 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 FGI Industries. If investors know FGI 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 FGI Industries 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 0.836 | Earnings Share (0.03) | Revenue Per Share 12.66 | Quarterly Revenue Growth 0.006 | Return On Assets 0.0089 |
The market value of FGI Industries is measured differently than its book value, which is the value of FGI that is recorded on the company's balance sheet. Investors also form their own opinion of FGI Industries' value that differs from its market value or its book value, called intrinsic value, which is FGI Industries' 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 FGI Industries' market value can be influenced by many factors that don't directly affect FGI Industries' 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 FGI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if FGI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FGI Industries' 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.