PennantPark Floating Stock Forecast - Simple Exponential Smoothing
| PFLT Stock | ILA 41.73 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of PennantPark Floating Rate on the next trading day is expected to be 41.73 with a mean absolute deviation of 0.47 and the sum of the absolute errors of 28.22. PennantPark Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PennantPark Floating stock prices and determine the direction of PennantPark Floating Rate's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PennantPark Floating's historical fundamentals, such as revenue growth or operating cash flow patterns.
PennantPark |
PennantPark Floating Simple Exponential Smoothing Price Forecast For the 27th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of PennantPark Floating Rate on the next trading day is expected to be 41.73 with a mean absolute deviation of 0.47, mean absolute percentage error of 3.64, and the sum of the absolute errors of 28.22.Please note that although there have been many attempts to predict PennantPark 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 PennantPark Floating's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
PennantPark Floating Stock Forecast Pattern
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PennantPark Floating Forecasted Value
In the context of forecasting PennantPark Floating'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. PennantPark Floating's downside and upside margins for the forecasting period are 33.51 and 49.95, respectively. We have considered PennantPark Floating'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of PennantPark Floating stock data series using in forecasting. Note that when a statistical model is used to represent PennantPark Floating 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 | 117.5641 |
| Bias | Arithmetic mean of the errors | -0.4703 |
| MAD | Mean absolute deviation | 0.4703 |
| MAPE | Mean absolute percentage error | 0.0164 |
| SAE | Sum of the absolute errors | 28.22 |
Predictive Modules for PennantPark Floating
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PennantPark Floating Rate. 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.Other Forecasting Options for PennantPark Floating
For every potential investor in PennantPark, whether a beginner or expert, PennantPark Floating's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PennantPark Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PennantPark. Basic forecasting techniques help filter out the noise by identifying PennantPark Floating's price trends.PennantPark Floating 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 PennantPark Floating stock to make a market-neutral strategy. Peer analysis of PennantPark Floating could also be used in its relative valuation, which is a method of valuing PennantPark Floating by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PennantPark Floating Rate 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 PennantPark Floating'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 PennantPark Floating's current price.| Cycle Indicators | ||
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PennantPark Floating Market Strength Events
Market strength indicators help investors to evaluate how PennantPark Floating stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PennantPark Floating shares will generate the highest return on investment. By undertsting and applying PennantPark Floating stock market strength indicators, traders can identify PennantPark Floating Rate entry and exit signals to maximize returns.
PennantPark Floating Risk Indicators
The analysis of PennantPark Floating'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 PennantPark Floating's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pennantpark 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 | 3.71 | |||
| Standard Deviation | 7.83 | |||
| Variance | 61.33 |
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.Additional Information and Resources on Investing in PennantPark Stock
When determining whether PennantPark Floating Rate is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennantPark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennantpark Floating Rate Stock. Highlighted below are key reports to facilitate an investment decision about Pennantpark Floating Rate Stock:Check out Historical Fundamental Analysis of PennantPark Floating to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.