Roots Corp Stock Forward View - Polynomial Regression
| ROOT Stock | CAD 3.09 0.09 2.83% |
Roots Stock outlook is based on your current time horizon. Although Roots Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we suggest always cross-verifying it against solid analysis of Roots Corp's systematic risk associated with finding meaningful patterns of Roots Corp fundamentals over time.
As of today, the value of RSI of Roots Corp's share price is approaching 45 indicating that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Roots Corp, making its price go up or down. Momentum 45
Impartial
Oversold | Overbought |
Quarterly Earnings Growth (0.03) | EPS Estimate Current Year 0.21 | EPS Estimate Next Year 0.33 | Wall Street Target Price 4 | EPS Estimate Current Quarter 0.07 |
Using Roots Corp hype-based prediction, you can estimate the value of Roots Corp from the perspective of Roots Corp response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Roots Corp on the next trading day is expected to be 3.26 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.29. Roots Corp after-hype prediction price | CAD 3.09 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Roots |
Roots Corp Additional Predictive Modules
Most predictive techniques to examine Roots price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Roots using various technical indicators. When you analyze Roots 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Roots Corp Polynomial Regression Price Forecast For the 3rd of February
Given 90 days horizon, the Polynomial Regression forecasted value of Roots Corp on the next trading day is expected to be 3.26 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.29.Please note that although there have been many attempts to predict Roots Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Roots Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Roots Corp Stock Forecast Pattern
| Backtest Roots Corp | Roots Corp Price Prediction | Research Analysis |
Roots Corp Forecasted Value
In the context of forecasting Roots Corp'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. Roots Corp's downside and upside margins for the forecasting period are 1.30 and 5.22, respectively. We have considered Roots Corp'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 Roots Corp stock data series using in forecasting. Note that when a statistical model is used to represent Roots 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.| AIC | Akaike Information Criteria | 113.2101 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0704 |
| MAPE | Mean absolute percentage error | 0.022 |
| SAE | Sum of the absolute errors | 4.2936 |
Predictive Modules for Roots 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 Roots 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.Roots Corp After-Hype Price Density Analysis
As far as predicting the price of Roots Corp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Roots Corp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Roots Corp, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Roots Corp Estimiated After-Hype Price Volatility
In the context of predicting Roots Corp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Roots Corp's historical news coverage. Roots Corp's after-hype downside and upside margins for the prediction period are 1.14 and 5.04, respectively. We have considered Roots Corp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Roots Corp is moderately volatile at this time. Analysis and calculation of next after-hype price of Roots Corp is based on 3 months time horizon.
Roots Corp Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Roots Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Roots Corp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Roots Corp, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.08 | 1.96 | 0.01 | 0.02 | 2 Events / Month | 2 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
3.09 | 3.09 | 0.00 |
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Roots Corp Hype Timeline
Roots Corp is at this time traded for 3.09on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.01, and average elasticity to hype of competition of 0.02. Roots is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is estimated to be very small, whereas the daily expected return is at this time at -0.08%. %. The volatility of related hype on Roots Corp is about 732.71%, with the expected price after the next announcement by competition of 3.11. About 17.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.87. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Roots Corp recorded a loss per share of 0.8. The entity had not issued any dividends in recent years. The firm had 1:18 split on the 15th of August 2022. Assuming the 90 days trading horizon the next estimated press release will be in a few days. Check out Historical Fundamental Analysis of Roots Corp to cross-verify your projections.Roots Corp Related Hype Analysis
Having access to credible news sources related to Roots Corp's direct competition is more important than ever and may enhance your ability to predict Roots Corp's future price movements. Getting to know how Roots Corp's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Roots Corp may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| RET-A | Reitmans Limited | (0.01) | 4 per month | 2.46 | 0.03 | 4.65 | (4.09) | 17.88 | |
| RET | Reitmans Canada | (0.01) | 4 per month | 3.04 | 0.03 | 7.51 | (5.68) | 19.34 | |
| TRZ | Transat AT | 0.05 | 16 per month | 2.72 | 0.09 | 5.14 | (3.94) | 31.14 | |
| SXP | Supremex | 0.54 | 2 per month | 1.32 | 0.03 | 2.75 | (2.70) | 8.78 | |
| DII-B | Dorel Industries | 2.02 | 2 per month | 4.27 | 0.08 | 10.70 | (7.41) | 24.80 | |
| WPRT | Westport Fuel Systems | (0.07) | 10 per month | 3.12 | (0.01) | 7.79 | (6.05) | 23.27 | |
| FOOD | Goodfood Market Corp | 0.01 | 7 per month | 0.00 | (0.01) | 8.70 | (8.00) | 26.67 | |
| UNI | Unisync Corp | 0.00 | 2 per month | 2.01 | 0.18 | 4.94 | (2.89) | 16.13 | |
| MENE | Mene Inc | 0.00 | 0 per month | 5.93 | 0.05 | 16.67 | (14.29) | 52.69 | |
| ECOM | Emerge Commerce | 0.15 | 2 per month | 4.75 | 0.08 | 13.33 | (11.11) | 51.14 |
Other Forecasting Options for Roots Corp
For every potential investor in Roots, whether a beginner or expert, Roots Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Roots Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Roots. Basic forecasting techniques help filter out the noise by identifying Roots Corp's price trends.Roots Corp 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 Roots Corp stock to make a market-neutral strategy. Peer analysis of Roots Corp could also be used in its relative valuation, which is a method of valuing Roots Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Roots Corp Market Strength Events
Market strength indicators help investors to evaluate how Roots Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roots Corp shares will generate the highest return on investment. By undertsting and applying Roots Corp stock market strength indicators, traders can identify Roots Corp entry and exit signals to maximize returns.
Roots Corp Risk Indicators
The analysis of Roots Corp'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 Roots Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting roots 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 | 1.35 | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.68 |
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.
Story Coverage note for Roots Corp
The number of cover stories for Roots Corp depends on current market conditions and Roots Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Roots Corp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Roots Corp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Roots Corp Short Properties
Roots Corp's future price predictability will typically decrease when Roots Corp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Roots Corp often depends not only on the future outlook of the potential Roots Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Roots Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40.3 M | |
| Cash And Short Term Investments | 34 M |
Other Information on Investing in Roots Stock
Roots Corp financial ratios help investors to determine whether Roots Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Roots with respect to the benefits of owning Roots Corp security.