Nucor Corp Stock Forecast - 4 Period Moving Average
| NUE Stock | USD 151.92 1.93 1.29% |
The 4 Period Moving Average forecasted value of Nucor Corp on the next trading day is expected to be 150.50 with a mean absolute deviation of 3.66 and the sum of the absolute errors of 208.40. Nucor Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nucor Corp stock prices and determine the direction of Nucor Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nucor Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
Nucor |
Nucor Corp 4 Period Moving Average Price Forecast For the 26th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Nucor Corp on the next trading day is expected to be 150.50 with a mean absolute deviation of 3.66, mean absolute percentage error of 30.04, and the sum of the absolute errors of 208.40.Please note that although there have been many attempts to predict Nucor 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 Nucor Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nucor Corp Stock Forecast Pattern
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Nucor Corp Forecasted Value
In the context of forecasting Nucor 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. Nucor Corp's downside and upside margins for the forecasting period are 147.66 and 153.34, respectively. We have considered Nucor 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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Nucor Corp stock data series using in forecasting. Note that when a statistical model is used to represent Nucor 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 | 114.1614 |
| Bias | Arithmetic mean of the errors | -0.4053 |
| MAD | Mean absolute deviation | 3.6561 |
| MAPE | Mean absolute percentage error | 0.0243 |
| SAE | Sum of the absolute errors | 208.395 |
Predictive Modules for Nucor 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 Nucor 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 Nucor 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 Nucor Corp
For every potential investor in Nucor, whether a beginner or expert, Nucor Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nucor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nucor. Basic forecasting techniques help filter out the noise by identifying Nucor Corp's price trends.Nucor Corp 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 Nucor Corp stock to make a market-neutral strategy. Peer analysis of Nucor Corp could also be used in its relative valuation, which is a method of valuing Nucor Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nucor 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 Nucor 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 Nucor Corp's current price.| Cycle Indicators | ||
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| Volume Indicators |
Nucor Corp Market Strength Events
Market strength indicators help investors to evaluate how Nucor 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 Nucor Corp shares will generate the highest return on investment. By undertsting and applying Nucor Corp stock market strength indicators, traders can identify Nucor Corp entry and exit signals to maximize returns.
Nucor Corp Risk Indicators
The analysis of Nucor 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 Nucor Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nucor 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 | 1.71 | |||
| Semi Deviation | 2.12 | |||
| Standard Deviation | 2.81 | |||
| Variance | 7.89 | |||
| Downside Variance | 5.37 | |||
| Semi Variance | 4.5 | |||
| Expected Short fall | (1.75) |
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.When determining whether Nucor Corp is a strong investment it is important to analyze Nucor 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 Nucor Corp's future performance. For an informed investment choice regarding Nucor Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Nucor Corp to cross-verify your projections. For information on how to trade Nucor Stock refer to our How to Trade Nucor Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Metals & Mining 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 Nucor Corp. If investors know Nucor 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 Nucor 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 (0.77) | Dividend Share 2.16 | Earnings Share 10.39 | Revenue Per Share 129.875 | Quarterly Revenue Growth (0.15) |
The market value of Nucor Corp is measured differently than its book value, which is the value of Nucor that is recorded on the company's balance sheet. Investors also form their own opinion of Nucor Corp's value that differs from its market value or its book value, called intrinsic value, which is Nucor 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 Nucor Corp's market value can be influenced by many factors that don't directly affect Nucor 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 Nucor Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nucor Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nucor 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.