Sonic Automotive Stock Forecast - 20 Period Moving Average
| SAH Stock | USD 68.31 0.02 0.03% |
The 20 Period Moving Average forecasted value of Sonic Automotive on the next trading day is expected to be 64.67 with a mean absolute deviation of 2.69 and the sum of the absolute errors of 112.77. Sonic Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Sonic Automotive's historical fundamentals, such as revenue growth or operating cash flow patterns.
Sonic |
Open Interest Against 2025-02-21 Sonic Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Sonic Automotive's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Sonic Automotive's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Sonic Automotive stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Sonic Automotive's open interest, investors have to compare it to Sonic Automotive's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Sonic Automotive is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Sonic. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Sonic Automotive 20 Period Moving Average Price Forecast For the 19th of January
Given 90 days horizon, the 20 Period Moving Average forecasted value of Sonic Automotive on the next trading day is expected to be 64.67 with a mean absolute deviation of 2.69, mean absolute percentage error of 10.70, and the sum of the absolute errors of 112.77.Please note that although there have been many attempts to predict Sonic 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 Sonic Automotive's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sonic Automotive Stock Forecast Pattern
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Sonic Automotive Forecasted Value
In the context of forecasting Sonic Automotive'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. Sonic Automotive's downside and upside margins for the forecasting period are 62.38 and 66.96, respectively. We have considered Sonic Automotive'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Sonic Automotive stock data series using in forecasting. Note that when a statistical model is used to represent Sonic Automotive 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 | 85.5611 |
| Bias | Arithmetic mean of the errors | -0.9087 |
| MAD | Mean absolute deviation | 2.6851 |
| MAPE | Mean absolute percentage error | 0.0405 |
| SAE | Sum of the absolute errors | 112.7725 |
Predictive Modules for Sonic Automotive
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sonic Automotive. 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 Sonic Automotive
For every potential investor in Sonic, whether a beginner or expert, Sonic Automotive's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sonic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sonic. Basic forecasting techniques help filter out the noise by identifying Sonic Automotive's price trends.Sonic Automotive 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 Sonic Automotive stock to make a market-neutral strategy. Peer analysis of Sonic Automotive could also be used in its relative valuation, which is a method of valuing Sonic Automotive by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sonic Automotive 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 Sonic Automotive'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 Sonic Automotive's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sonic Automotive Market Strength Events
Market strength indicators help investors to evaluate how Sonic Automotive stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sonic Automotive shares will generate the highest return on investment. By undertsting and applying Sonic Automotive stock market strength indicators, traders can identify Sonic Automotive entry and exit signals to maximize returns.
| Accumulation Distribution | 1659.99 | |||
| Daily Balance Of Power | (0.03) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 68.4 | |||
| Day Typical Price | 68.37 | |||
| Price Action Indicator | (0.10) | |||
| Period Momentum Indicator | (0.02) |
Sonic Automotive Risk Indicators
The analysis of Sonic Automotive'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 Sonic Automotive's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sonic 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 | 1.56 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.17 | |||
| Downside Variance | 2.27 | |||
| Semi Variance | 1.4 | |||
| Expected Short fall | (1.98) |
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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Check out Historical Fundamental Analysis of Sonic Automotive to cross-verify your projections. For more detail on how to invest in Sonic Stock please use our How to Invest in Sonic Automotive guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Automotive 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 Sonic Automotive. If investors know Sonic 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 Sonic Automotive 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 0.109 | Dividend Share 1.2 | Earnings Share 5.64 | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of Sonic Automotive is measured differently than its book value, which is the value of Sonic that is recorded on the company's balance sheet. Investors also form their own opinion of Sonic Automotive's value that differs from its market value or its book value, called intrinsic value, which is Sonic Automotive'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 Sonic Automotive's market value can be influenced by many factors that don't directly affect Sonic Automotive'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 Sonic Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonic Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonic Automotive'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.