Qurate Retail Stock Forecast - Polynomial Regression
| QRTEB Stock | USD 3.15 0.13 4.30% |
The Polynomial Regression forecasted value of Qurate Retail Series on the next trading day is expected to be 3.05 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.06. Qurate Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Qurate Retail stock prices and determine the direction of Qurate Retail Series's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Qurate Retail's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Qurate Retail Polynomial Regression Price Forecast For the 26th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Qurate Retail Series on the next trading day is expected to be 3.05 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.06.Please note that although there have been many attempts to predict Qurate 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 Qurate Retail's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Qurate Retail Stock Forecast Pattern
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Qurate Retail Forecasted Value
In the context of forecasting Qurate Retail'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. Qurate Retail's downside and upside margins for the forecasting period are 0.03 and 7.48, respectively. We have considered Qurate Retail'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 Qurate Retail stock data series using in forecasting. Note that when a statistical model is used to represent Qurate Retail 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 | 114.4594 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1321 |
| MAPE | Mean absolute percentage error | 0.0364 |
| SAE | Sum of the absolute errors | 8.0563 |
Predictive Modules for Qurate Retail
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Qurate Retail Series. 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 Qurate Retail'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 Qurate Retail
For every potential investor in Qurate, whether a beginner or expert, Qurate Retail's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Qurate Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Qurate. Basic forecasting techniques help filter out the noise by identifying Qurate Retail's price trends.Qurate Retail 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 Qurate Retail stock to make a market-neutral strategy. Peer analysis of Qurate Retail could also be used in its relative valuation, which is a method of valuing Qurate Retail by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Qurate Retail Series 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 Qurate Retail'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 Qurate Retail's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Qurate Retail Market Strength Events
Market strength indicators help investors to evaluate how Qurate Retail stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qurate Retail shares will generate the highest return on investment. By undertsting and applying Qurate Retail stock market strength indicators, traders can identify Qurate Retail Series entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 3.15 | |||
| Day Typical Price | 3.15 | |||
| Price Action Indicator | 0.065 | |||
| Period Momentum Indicator | 0.13 | |||
| Relative Strength Index | 40.03 |
Qurate Retail Risk Indicators
The analysis of Qurate Retail'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 Qurate Retail's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting qurate 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 | 3.54 | |||
| Standard Deviation | 4.86 | |||
| Variance | 23.64 |
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 Qurate Retail Series offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Qurate Retail's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Qurate Retail Series Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Qurate Retail Series Stock:Check out Historical Fundamental Analysis of Qurate Retail to cross-verify your projections. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Broadline Retail 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 Qurate Retail. If investors know Qurate 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 Qurate Retail 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 (0.71) | Revenue Per Share 25.8 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0348 |
The market value of Qurate Retail Series is measured differently than its book value, which is the value of Qurate that is recorded on the company's balance sheet. Investors also form their own opinion of Qurate Retail's value that differs from its market value or its book value, called intrinsic value, which is Qurate Retail'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 Qurate Retail's market value can be influenced by many factors that don't directly affect Qurate Retail'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 Qurate Retail's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qurate Retail is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qurate Retail'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.