Impax Asset Stock Forecast - Naive Prediction

IPX Stock   332.50  5.50  1.68%   
The Naive Prediction forecasted value of Impax Asset Management on the next trading day is expected to be 349.09 with a mean absolute deviation of 7.45 and the sum of the absolute errors of 454.33. Impax Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Impax Asset stock prices and determine the direction of Impax Asset Management's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Impax Asset's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Impax Asset's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 51.8 M, whereas Accounts Payable is forecasted to decline to about 797.5 K.
A naive forecasting model for Impax Asset is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Impax Asset Management value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Impax Asset Naive Prediction Price Forecast For the 24th of November

Given 90 days horizon, the Naive Prediction forecasted value of Impax Asset Management on the next trading day is expected to be 349.09 with a mean absolute deviation of 7.45, mean absolute percentage error of 86.71, and the sum of the absolute errors of 454.33.
Please note that although there have been many attempts to predict Impax 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 Impax Asset's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Impax Asset Stock Forecast Pattern

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Impax Asset Forecasted Value

In the context of forecasting Impax Asset'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. Impax Asset's downside and upside margins for the forecasting period are 346.77 and 351.41, respectively. We have considered Impax Asset'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.
Market Value
332.50
346.77
Downside
349.09
Expected Value
351.41
Upside

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 Impax Asset stock data series using in forecasting. Note that when a statistical model is used to represent Impax Asset 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.
AICAkaike Information Criteria122.573
BiasArithmetic mean of the errors None
MADMean absolute deviation7.448
MAPEMean absolute percentage error0.0202
SAESum of the absolute errors454.3303
This model is not at all useful as a medium-long range forecasting tool of Impax Asset Management. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Impax Asset. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Impax Asset

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Impax Asset Management. 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.
Hype
Prediction
LowEstimatedHigh
327.45329.77365.75
Details
Intrinsic
Valuation
LowRealHigh
300.72303.04365.75
Details
Bollinger
Band Projection (param)
LowMiddleHigh
325.48330.67335.85
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.080.080.08
Details

Other Forecasting Options for Impax Asset

For every potential investor in Impax, whether a beginner or expert, Impax Asset's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Impax Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Impax. Basic forecasting techniques help filter out the noise by identifying Impax Asset's price trends.

Impax Asset 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 Impax Asset stock to make a market-neutral strategy. Peer analysis of Impax Asset could also be used in its relative valuation, which is a method of valuing Impax Asset by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Impax Asset Management 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 Impax Asset'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 Impax Asset's current price.

Impax Asset Market Strength Events

Market strength indicators help investors to evaluate how Impax Asset stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Impax Asset shares will generate the highest return on investment. By undertsting and applying Impax Asset stock market strength indicators, traders can identify Impax Asset Management entry and exit signals to maximize returns.

Impax Asset Risk Indicators

The analysis of Impax Asset'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 Impax Asset's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting impax 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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Impax Stock

Impax Asset financial ratios help investors to determine whether Impax Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Impax with respect to the benefits of owning Impax Asset security.