Prestige Wealth Stock Forecast - Polynomial Regression
| PWM Stock | 0.95 0.08 7.77% |
The Polynomial Regression forecasted value of Prestige Wealth Ordinary on the next trading day is expected to be 1.08 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.73. Prestige Stock Forecast is based on your current time horizon. Although Prestige Wealth's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Prestige Wealth's systematic risk associated with finding meaningful patterns of Prestige Wealth fundamentals over time.
Prestige |
Prestige Wealth Polynomial Regression Price Forecast For the 2nd of December
Given 90 days horizon, the Polynomial Regression forecasted value of Prestige Wealth Ordinary on the next trading day is expected to be 1.08 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.73.Please note that although there have been many attempts to predict Prestige 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 Prestige Wealth's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prestige Wealth Stock Forecast Pattern
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Prestige Wealth Forecasted Value
In the context of forecasting Prestige Wealth'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. Prestige Wealth's downside and upside margins for the forecasting period are 0.01 and 10.02, respectively. We have considered Prestige Wealth'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Prestige Wealth stock data series using in forecasting. Note that when a statistical model is used to represent Prestige Wealth 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 | 113.452 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0612 |
| MAPE | Mean absolute percentage error | 0.0656 |
| SAE | Sum of the absolute errors | 3.7302 |
Predictive Modules for Prestige Wealth
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prestige Wealth Ordinary. 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 Prestige Wealth'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 Prestige Wealth
For every potential investor in Prestige, whether a beginner or expert, Prestige Wealth's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prestige Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prestige. Basic forecasting techniques help filter out the noise by identifying Prestige Wealth's price trends.Prestige Wealth 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 Prestige Wealth stock to make a market-neutral strategy. Peer analysis of Prestige Wealth could also be used in its relative valuation, which is a method of valuing Prestige Wealth by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Prestige Wealth Ordinary 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 Prestige Wealth'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 Prestige Wealth's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Prestige Wealth Market Strength Events
Market strength indicators help investors to evaluate how Prestige Wealth stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prestige Wealth shares will generate the highest return on investment. By undertsting and applying Prestige Wealth stock market strength indicators, traders can identify Prestige Wealth Ordinary entry and exit signals to maximize returns.
Prestige Wealth Risk Indicators
The analysis of Prestige Wealth'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 Prestige Wealth's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prestige 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 | 5.86 | |||
| Standard Deviation | 9.09 | |||
| Variance | 82.57 |
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 Prestige Wealth to cross-verify your projections. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Asset Management & Custody Banks 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 Prestige Wealth. If investors know Prestige 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 Prestige Wealth 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 (0.82) | Earnings Share (0.13) | Revenue Per Share 0.042 | Quarterly Revenue Growth (0.68) | Return On Assets (0.11) |
The market value of Prestige Wealth Ordinary is measured differently than its book value, which is the value of Prestige that is recorded on the company's balance sheet. Investors also form their own opinion of Prestige Wealth's value that differs from its market value or its book value, called intrinsic value, which is Prestige Wealth'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 Prestige Wealth's market value can be influenced by many factors that don't directly affect Prestige Wealth'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 Prestige Wealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prestige Wealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prestige Wealth'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.