Seneca Foods Stock Forecast - Naive Prediction
| SENEB Stock | USD 110.63 2.17 1.92% |
The Naive Prediction forecasted value of Seneca Foods Corp on the next trading day is expected to be 103.01 with a mean absolute deviation of 3.01 and the sum of the absolute errors of 183.73. Seneca Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Seneca Foods stock prices and determine the direction of Seneca Foods Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Seneca Foods' historical fundamentals, such as revenue growth or operating cash flow patterns.
The relative strength index (RSI) of Seneca Foods' stock price is about 61. This usually implies that the stock is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Seneca, making its price go up or down. Momentum 61
Buy Extended
Oversold | Overbought |
Quarterly Earnings Growth 1.254 | Quarterly Revenue Growth 0.081 |
Using Seneca Foods hype-based prediction, you can estimate the value of Seneca Foods Corp from the perspective of Seneca Foods response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Seneca Foods Corp on the next trading day is expected to be 103.01 with a mean absolute deviation of 3.01 and the sum of the absolute errors of 183.73. Seneca Foods after-hype prediction price | USD 110.63 |
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.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. Seneca Foods Additional Predictive Modules
Most predictive techniques to examine Seneca price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Seneca using various technical indicators. When you analyze Seneca 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 | ||
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Seneca Foods Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Seneca Foods' financial statements to predict how it will affect future prices.
Cash | First Reported 1986-06-30 | Previous Quarter 12.1 M | Current Value 18.1 M | Quarterly Volatility 12.2 M |
Seneca Foods Naive Prediction Price Forecast For the 8th of January
Given 90 days horizon, the Naive Prediction forecasted value of Seneca Foods Corp on the next trading day is expected to be 103.01 with a mean absolute deviation of 3.01, mean absolute percentage error of 12.83, and the sum of the absolute errors of 183.73.Please note that although there have been many attempts to predict Seneca 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 Seneca Foods' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Seneca Foods Stock Forecast Pattern
| Backtest Seneca Foods | Seneca Foods 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 Seneca Foods stock data series using in forecasting. Note that when a statistical model is used to represent Seneca Foods 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 | 120.6626 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.012 |
| MAPE | Mean absolute percentage error | 0.028 |
| SAE | Sum of the absolute errors | 183.7321 |
Predictive Modules for Seneca Foods
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Seneca Foods 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seneca Foods' 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.
Seneca Foods 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 Seneca Foods stock to make a market-neutral strategy. Peer analysis of Seneca Foods could also be used in its relative valuation, which is a method of valuing Seneca Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Seneca Foods Market Strength Events
Market strength indicators help investors to evaluate how Seneca Foods stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Seneca Foods shares will generate the highest return on investment. By undertsting and applying Seneca Foods stock market strength indicators, traders can identify Seneca Foods Corp entry and exit signals to maximize returns.
Seneca Foods Risk Indicators
The analysis of Seneca Foods' 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 Seneca Foods' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting seneca 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 | 2.04 | |||
| Semi Deviation | 2.8 | |||
| Standard Deviation | 2.96 | |||
| Variance | 8.77 | |||
| Downside Variance | 13.64 | |||
| Semi Variance | 7.87 | |||
| Expected Short fall | (2.43) |
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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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.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Food Products 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 Seneca Foods. If investors know Seneca 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 Seneca Foods 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 1.254 | Earnings Share 8.63 | Revenue Per Share | Quarterly Revenue Growth 0.081 | Return On Assets |
The market value of Seneca Foods Corp is measured differently than its book value, which is the value of Seneca that is recorded on the company's balance sheet. Investors also form their own opinion of Seneca Foods' value that differs from its market value or its book value, called intrinsic value, which is Seneca Foods' 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 Seneca Foods' market value can be influenced by many factors that don't directly affect Seneca Foods' 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 Seneca Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Seneca Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seneca Foods' 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.