Newell Brands Stock Forecast - Naive Prediction
| NWL Stock | USD 9.12 0.18 2.01% |
The Naive Prediction forecasted value of Newell Brands on the next trading day is expected to be 8.72 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.18. Newell Stock Forecast is based on your current time horizon. Although Newell Brands' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Newell Brands' systematic risk associated with finding meaningful patterns of Newell Brands fundamentals over time.
Newell |
Newell Brands Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Newell Brands' financial statements, predicting their influence on future market prices.
Cash | First Reported 1985-12-31 | Previous Quarter 382 M | Current Value 494 M | Quarterly Volatility 305.2 M |
Newell Brands Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of Newell Brands on the next trading day is expected to be 8.72 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.1, and the sum of the absolute errors of 13.18.Please note that although there have been many attempts to predict Newell 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 Newell Brands' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Newell Brands Stock Forecast Pattern
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Newell Brands Forecasted Value
In the context of forecasting Newell Brands' 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. Newell Brands' downside and upside margins for the forecasting period are 5.03 and 12.40, respectively. We have considered Newell Brands' 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 Newell Brands stock data series using in forecasting. Note that when a statistical model is used to represent Newell Brands 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 | 115.7691 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2161 |
| MAPE | Mean absolute percentage error | 0.0271 |
| SAE | Sum of the absolute errors | 13.1847 |
Predictive Modules for Newell Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newell Brands. 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 Newell Brands' 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 Newell Brands
For every potential investor in Newell, whether a beginner or expert, Newell Brands' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Newell Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Newell. Basic forecasting techniques help filter out the noise by identifying Newell Brands' price trends.Newell Brands 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 Newell Brands stock to make a market-neutral strategy. Peer analysis of Newell Brands could also be used in its relative valuation, which is a method of valuing Newell Brands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Newell Brands 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 Newell Brands' 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 Newell Brands' current price.| Cycle Indicators | ||
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Newell Brands Market Strength Events
Market strength indicators help investors to evaluate how Newell Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newell Brands shares will generate the highest return on investment. By undertsting and applying Newell Brands stock market strength indicators, traders can identify Newell Brands entry and exit signals to maximize returns.
Newell Brands Risk Indicators
The analysis of Newell Brands' 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 Newell Brands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newell 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 | 2.21 | |||
| Semi Deviation | 1.98 | |||
| Standard Deviation | 3.65 | |||
| Variance | 13.34 | |||
| Downside Variance | 4.98 | |||
| Semi Variance | 3.91 | |||
| Expected Short fall | (2.75) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Newell Brands to cross-verify your projections. For more information on how to buy Newell Stock please use our How to buy in Newell Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Housewares & Specialties 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 Newell Brands. If investors know Newell 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 Newell Brands 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 1.71 | Dividend Share 0.28 | Earnings Share (0.60) | Revenue Per Share 18.576 | Quarterly Revenue Growth (0.05) |
The market value of Newell Brands is measured differently than its book value, which is the value of Newell that is recorded on the company's balance sheet. Investors also form their own opinion of Newell Brands' value that differs from its market value or its book value, called intrinsic value, which is Newell Brands' 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 Newell Brands' market value can be influenced by many factors that don't directly affect Newell Brands' 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 Newell Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Newell Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newell Brands' 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.