Global Payments Stock Forecast - Naive Prediction
| GLO Stock | EUR 111.30 1.10 0.98% |
The Naive Prediction forecasted value of Global Payments on the next trading day is expected to be 110.10 with a mean absolute deviation of 2.16 and the sum of the absolute errors of 134.20. Global Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Global Payments' historical fundamentals, such as revenue growth or operating cash flow patterns.
Global |
Global Payments Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of Global Payments on the next trading day is expected to be 110.10 with a mean absolute deviation of 2.16, mean absolute percentage error of 7.91, and the sum of the absolute errors of 134.20.Please note that although there have been many attempts to predict Global 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 Global Payments' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Global Payments Stock Forecast Pattern
| Backtest Global Payments | Global Payments Price Prediction | Buy or Sell Advice |
Global Payments Forecasted Value
In the context of forecasting Global Payments' 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. Global Payments' downside and upside margins for the forecasting period are 107.25 and 112.94, respectively. We have considered Global Payments' 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 Global Payments stock data series using in forecasting. Note that when a statistical model is used to represent Global Payments 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 | 122.0165 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.1645 |
| MAPE | Mean absolute percentage error | 0.0224 |
| SAE | Sum of the absolute errors | 134.199 |
Predictive Modules for Global Payments
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Global Payments. 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 Global Payments
For every potential investor in Global, whether a beginner or expert, Global Payments' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Global Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Global. Basic forecasting techniques help filter out the noise by identifying Global Payments' price trends.Global Payments 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 Global Payments stock to make a market-neutral strategy. Peer analysis of Global Payments could also be used in its relative valuation, which is a method of valuing Global Payments by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Global Payments 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 Global Payments' 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 Global Payments' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Global Payments Market Strength Events
Market strength indicators help investors to evaluate how Global Payments stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global Payments shares will generate the highest return on investment. By undertsting and applying Global Payments stock market strength indicators, traders can identify Global Payments entry and exit signals to maximize returns.
Global Payments Risk Indicators
The analysis of Global Payments' 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 Global Payments' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting global 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 | 1.58 | |||
| Semi Deviation | 3.03 | |||
| Standard Deviation | 2.8 | |||
| Variance | 7.86 | |||
| Downside Variance | 10.91 | |||
| Semi Variance | 9.2 | |||
| Expected Short fall | (1.61) |
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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Additional Information and Resources on Investing in Global Stock
When determining whether Global Payments offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Global Payments' 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 Global Payments Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Global Payments Stock:Check out Historical Fundamental Analysis of Global Payments to cross-verify your projections. For more detail on how to invest in Global Stock please use our How to Invest in Global Payments guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.