Great Elm Stock Forecast - Naive Prediction
| GEG Stock | USD 1.82 0.03 1.68% |
The Naive Prediction forecasted value of Great Elm Group on the next trading day is expected to be 1.81 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.10. Great Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Great Elm's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Great Elm 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 Great Elm's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1999-06-30 | Previous Quarter 52.1 M | Current Value 44.1 M | Quarterly Volatility 68.2 M |
Great Elm Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Great Elm Group on the next trading day is expected to be 1.81 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0006, and the sum of the absolute errors of 1.10.Please note that although there have been many attempts to predict Great 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 Great Elm's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Great Elm Stock Forecast Pattern
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Great Elm Forecasted Value
In the context of forecasting Great Elm'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. Great Elm's downside and upside margins for the forecasting period are 0.42 and 3.20, respectively. We have considered Great Elm'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 Great Elm stock data series using in forecasting. Note that when a statistical model is used to represent Great Elm 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 | 110.7516 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0181 |
| MAPE | Mean absolute percentage error | 0.01 |
| SAE | Sum of the absolute errors | 1.1034 |
Predictive Modules for Great Elm
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Great Elm Group. 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 Great Elm's 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.
Other Forecasting Options for Great Elm
For every potential investor in Great, whether a beginner or expert, Great Elm's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Great Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Great. Basic forecasting techniques help filter out the noise by identifying Great Elm's price trends.View Great Elm Related Equities
| Risk & Return | Correlation |
Great Elm Group 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 Great Elm'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 Great Elm's current price.| Cycle Indicators | ||
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Great Elm Market Strength Events
Market strength indicators help investors to evaluate how Great Elm stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Great Elm shares will generate the highest return on investment. By undertsting and applying Great Elm stock market strength indicators, traders can identify Great Elm Group entry and exit signals to maximize returns.
| Accumulation Distribution | 765.55 | |||
| Daily Balance Of Power | 0.5 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 1.81 | |||
| Day Typical Price | 1.81 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.03 |
Great Elm Risk Indicators
The analysis of Great Elm'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 Great Elm's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting great 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 | 0.8572 | |||
| Semi Deviation | 1.05 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.84 | |||
| Downside Variance | 2.32 | |||
| Semi Variance | 1.11 | |||
| Expected Short fall | (1.49) |
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.
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When determining whether Great Elm Group is a strong investment it is important to analyze Great Elm's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Great Elm's future performance. For an informed investment choice regarding Great Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Great Elm to cross-verify your projections. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Asset Management & Custody 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 Great Elm. If investors know Great 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 Great Elm 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 0.022 | Earnings Share (0.05) | Revenue Per Share 0.621 | Quarterly Revenue Growth 0.206 | Return On Assets (0.04) |
The market value of Great Elm Group is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Elm's value that differs from its market value or its book value, called intrinsic value, which is Great Elm'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 Great Elm's market value can be influenced by many factors that don't directly affect Great Elm'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 Great Elm's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Elm is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Elm'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.