Steelcase Stock Forecast - Naive Prediction
| SCS Stock | USD 16.14 0.10 0.62% |
The Naive Prediction forecasted value of Steelcase on the next trading day is expected to be 16.01 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 9.28. Steelcase Stock Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of Steelcase's share price is below 20 . This usually implies that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth (0.45) | EPS Estimate Current Year 1.1325 | EPS Estimate Next Year 1.2675 | Wall Street Target Price 16.825 | EPS Estimate Current Quarter 0.365 |
Using Steelcase hype-based prediction, you can estimate the value of Steelcase from the perspective of Steelcase response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Steelcase using Steelcase's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Steelcase using crowd psychology based on the activity and movement of Steelcase's stock price.
Steelcase Short Interest
An investor who is long Steelcase may also wish to track short interest. As short interest increases, investors should be becoming more worried about Steelcase and may potentially protect profits, hedge Steelcase with its derivative instruments, or be ready for some potential downside.
200 Day MA 13.2212 | Short Percent 0.0276 | Short Ratio 1.88 | Shares Short Prior Month 2.6 M | 50 Day MA 16.2696 |
Steelcase Hype to Price Pattern
Investor biases related to Steelcase's public news can be used to forecast risks associated with an investment in Steelcase. The trend in average sentiment can be used to explain how an investor holding Steelcase can time the market purely based on public headlines and social activities around Steelcase. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Steelcase's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Steelcase.
Steelcase Implied Volatility | 0.93 |
Steelcase's implied volatility exposes the market's sentiment of Steelcase stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Steelcase's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Steelcase stock will not fluctuate a lot when Steelcase's options are near their expiration.
The Naive Prediction forecasted value of Steelcase on the next trading day is expected to be 16.01 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 9.28. Steelcase after-hype prediction price | USD 16.15 |
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.
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Open Interest Against 2026-04-17 Steelcase Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Steelcase'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 Steelcase's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Steelcase 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 Steelcase's open interest, investors have to compare it to Steelcase'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 Steelcase 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 Steelcase. 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.
Steelcase Additional Predictive Modules
Most predictive techniques to examine Steelcase price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Steelcase using various technical indicators. When you analyze Steelcase 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 |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Steelcase's financial statements to predict how it will affect future prices.
Cash | First Reported 1998-02-28 | Previous Quarter 183.9 M | Current Value 216.8 M | Quarterly Volatility 143.7 M |
Steelcase Naive Prediction Price Forecast For the 18th of January 2026
Given 90 days horizon, the Naive Prediction forecasted value of Steelcase on the next trading day is expected to be 16.01 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.28.Please note that although there have been many attempts to predict Steelcase 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 Steelcase's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Steelcase Stock Forecast Pattern
| Backtest Steelcase | Steelcase Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Steelcase stock data series using in forecasting. Note that when a statistical model is used to represent Steelcase 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 | 114.8234 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1522 |
| MAPE | Mean absolute percentage error | 0.0093 |
| SAE | Sum of the absolute errors | 9.2821 |
Predictive Modules for Steelcase
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Steelcase. 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 Steelcase'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.
Steelcase 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 Steelcase stock to make a market-neutral strategy. Peer analysis of Steelcase could also be used in its relative valuation, which is a method of valuing Steelcase by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Steelcase Market Strength Events
Market strength indicators help investors to evaluate how Steelcase stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steelcase shares will generate the highest return on investment. By undertsting and applying Steelcase stock market strength indicators, traders can identify Steelcase entry and exit signals to maximize returns.
Steelcase Risk Indicators
The analysis of Steelcase'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 Steelcase's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting steelcase 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 | 0.6739 | |||
| Standard Deviation | 0.9934 | |||
| Variance | 0.9867 |
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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Additional Tools for Steelcase Stock Analysis
When running Steelcase's price analysis, check to measure Steelcase's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.