GrowGeneration Corp Stock Forecast - Naive Prediction
| GRWG Stock | USD 1.93 0.04 2.03% |
The Naive Prediction forecasted value of GrowGeneration Corp on the next trading day is expected to be 2.03 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.39. GrowGeneration Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of GrowGeneration Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
GrowGeneration |
GrowGeneration 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 GrowGeneration Corp's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2015-12-31 | Previous Quarter 27.6 M | Current Value 27.4 M | Quarterly Volatility 35.1 M |
GrowGeneration Corp Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of GrowGeneration Corp on the next trading day is expected to be 2.03 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.39.Please note that although there have been many attempts to predict GrowGeneration 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 GrowGeneration Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
GrowGeneration Corp Stock Forecast Pattern
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GrowGeneration Corp Forecasted Value
In the context of forecasting GrowGeneration 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. GrowGeneration Corp's downside and upside margins for the forecasting period are 0.02 and 5.70, respectively. We have considered GrowGeneration 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 GrowGeneration Corp stock data series using in forecasting. Note that when a statistical model is used to represent GrowGeneration 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 | 112.8445 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0556 |
| MAPE | Mean absolute percentage error | 0.0278 |
| SAE | Sum of the absolute errors | 3.3932 |
Predictive Modules for GrowGeneration 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 GrowGeneration 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GrowGeneration Corp'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 GrowGeneration Corp
For every potential investor in GrowGeneration, whether a beginner or expert, GrowGeneration Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GrowGeneration Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GrowGeneration. Basic forecasting techniques help filter out the noise by identifying GrowGeneration Corp's price trends.View GrowGeneration Corp Related Equities
| Risk & Return | Correlation |
GrowGeneration 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 GrowGeneration 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 GrowGeneration Corp's current price.| Cycle Indicators | ||
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GrowGeneration Corp Market Strength Events
Market strength indicators help investors to evaluate how GrowGeneration 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 GrowGeneration Corp shares will generate the highest return on investment. By undertsting and applying GrowGeneration Corp stock market strength indicators, traders can identify GrowGeneration Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 15903.09 | |||
| Daily Balance Of Power | (0.67) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 1.95 | |||
| Day Typical Price | 1.94 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.04) |
GrowGeneration Corp Risk Indicators
The analysis of GrowGeneration 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 GrowGeneration Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting growgeneration 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 | 2.72 | |||
| Standard Deviation | 3.87 | |||
| Variance | 14.94 |
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 GrowGeneration Corp is a strong investment it is important to analyze GrowGeneration Corp'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 GrowGeneration Corp's future performance. For an informed investment choice regarding GrowGeneration Stock, refer to the following important reports:Check out Historical Fundamental Analysis of GrowGeneration Corp to cross-verify your projections. For more detail on how to invest in GrowGeneration Stock please use our How to Invest in GrowGeneration Corp 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 Home Improvement Retail 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 GrowGeneration Corp. If investors know GrowGeneration 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 GrowGeneration 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 0.147 | Earnings Share (0.88) | Revenue Per Share 3.31 | Quarterly Revenue Growth (0.10) | Return On Assets (0.1) |
The market value of GrowGeneration Corp is measured differently than its book value, which is the value of GrowGeneration that is recorded on the company's balance sheet. Investors also form their own opinion of GrowGeneration Corp's value that differs from its market value or its book value, called intrinsic value, which is GrowGeneration 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 GrowGeneration Corp's market value can be influenced by many factors that don't directly affect GrowGeneration 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 GrowGeneration Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GrowGeneration Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GrowGeneration 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.