ODP Corp Stock Forecast - Naive Prediction

ODP Corp Additional Predictive Modules

Most predictive techniques to examine ODP price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for ODP using various technical indicators. When you analyze ODP charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. A naive forecasting model for ODP Corp is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of ODP Corp 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.

ODP Corp Naive Prediction Price Forecast For the 26th of January

Given 90 days horizon, the Naive Prediction forecasted value of ODP Corp on the next trading day is expected to be 27.99 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.77.

ODP Corp Stock Forecast Pattern

Backtest ODP Corp

ODP Corp Price Prediction

Buy or Sell Advice

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 ODP Corp stock data series using in forecasting. Note that when a statistical model is used to represent ODP 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. This model is not at all useful as a medium-long range forecasting tool of ODP Corp. 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 ODP Corp. 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 ODP 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 ODP 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.

Hype Prediction Low Estimated High 27.89 28.00 28.11 Details

Intrinsic Valuation Low Real High 23.63 23.74 30.80 Details

Bollinger Band Projection (param) Low Middle High 27.85 27.95 28.06 Details

ODP Corp After-Hype Price Density Analysis

ODP Corp Estimiated After-Hype Price Volatility

ODP Corp Stock Price Outlook Analysis

Notes

ODP Corp Hype Timeline

On the 25th of January ODP Corp is traded for 28.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. ODP is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.02%. %. The volatility of related hype on ODP Corp is about 2200.0%, with the expected price after the next announcement by competition of 28.00. About 95.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.02. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. ODP Corp has Price/Earnings To Growth (PEG) ratio of 0.57. The entity last dividend was issued on the 28th of February 2020. The firm had 1:10 split on the 1st of July 2020. Considering the 90-day investment horizon the next forecasted press release will be uncertain. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

ODP Corp Related Hype Analysis

ODP Corp Related Equities

Risk & Return

Correlation

ODP Corp Market Strength Events

ODP Corp Risk Indicators

Story Coverage note for ODP Corp

ODP Corp Short Properties

Other Consideration for investing in ODP Stock