Steven Madden Stock Forecast - Naive Prediction

SHOO Stock  USD 43.40  0.58  1.35%   
The Naive Prediction forecasted value of Steven Madden on the next trading day is expected to be 41.43 with a mean absolute deviation of 0.68 and the sum of the absolute errors of 41.37. Steven Stock Forecast is based on your current time horizon. Although Steven Madden's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Steven Madden's systematic risk associated with finding meaningful patterns of Steven Madden fundamentals over time.
  
At this time, Steven Madden's Inventory Turnover is very stable compared to the past year. As of the 25th of November 2024, Receivables Turnover is likely to grow to 9.21, while Payables Turnover is likely to drop 6.77. . As of the 25th of November 2024, Common Stock Shares Outstanding is likely to grow to about 94.1 M. Also, Net Income Applicable To Common Shares is likely to grow to about 260.9 M.

Steven Madden Cash Forecast

Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Steven Madden's financial statements to estimate their effects on upcoming price movements.
 
Cash  
First Reported
1993-06-30
Previous Quarter
180.5 M
Current Value
139.4 M
Quarterly Volatility
79 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Steven Madden is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Steven Madden value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Steven Madden Naive Prediction Price Forecast For the 26th of November

Given 90 days horizon, the Naive Prediction forecasted value of Steven Madden on the next trading day is expected to be 41.43 with a mean absolute deviation of 0.68, mean absolute percentage error of 0.69, and the sum of the absolute errors of 41.37.
Please note that although there have been many attempts to predict Steven 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 Steven Madden's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Steven Madden Stock Forecast Pattern

Backtest Steven MaddenSteven Madden Price PredictionBuy or Sell Advice 

Steven Madden Forecasted Value

In the context of forecasting Steven Madden'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. Steven Madden's downside and upside margins for the forecasting period are 39.81 and 43.05, respectively. We have considered Steven Madden'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.
Market Value
43.40
41.43
Expected Value
43.05
Upside

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 Steven Madden stock data series using in forecasting. Note that when a statistical model is used to represent Steven Madden 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.
AICAkaike Information Criteria117.7424
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6782
MAPEMean absolute percentage error0.0148
SAESum of the absolute errors41.3676
This model is not at all useful as a medium-long range forecasting tool of Steven Madden. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Steven Madden. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Steven Madden

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Steven Madden. 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.
Hype
Prediction
LowEstimatedHigh
41.7743.3945.01
Details
Intrinsic
Valuation
LowRealHigh
39.9641.5847.74
Details
Bollinger
Band Projection (param)
LowMiddleHigh
41.5643.5345.50
Details
9 Analysts
Consensus
LowTargetHigh
35.1538.6342.88
Details

Other Forecasting Options for Steven Madden

For every potential investor in Steven, whether a beginner or expert, Steven Madden's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Steven Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Steven. Basic forecasting techniques help filter out the noise by identifying Steven Madden's price trends.

Steven Madden 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 Steven Madden stock to make a market-neutral strategy. Peer analysis of Steven Madden could also be used in its relative valuation, which is a method of valuing Steven Madden by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Steven Madden 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 Steven Madden'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 Steven Madden's current price.

Steven Madden Market Strength Events

Market strength indicators help investors to evaluate how Steven Madden stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steven Madden shares will generate the highest return on investment. By undertsting and applying Steven Madden stock market strength indicators, traders can identify Steven Madden entry and exit signals to maximize returns.

Steven Madden Risk Indicators

The analysis of Steven Madden'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 Steven Madden's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting steven 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.
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.

Pair Trading with Steven Madden

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steven Madden position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steven Madden will appreciate offsetting losses from the drop in the long position's value.

Moving together with Steven Stock

  0.62BC BrunswickPairCorr

Moving against Steven Stock

  0.32VMAR Vision Marine TechnoPairCorr
The ability to find closely correlated positions to Steven Madden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steven Madden when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steven Madden - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steven Madden to buy it.
The correlation of Steven Madden is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steven Madden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steven Madden moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Steven Madden can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Steven Madden offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Steven Madden'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 Steven Madden Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Steven Madden Stock:
Check out Historical Fundamental Analysis of Steven Madden to cross-verify your projections.
To learn how to invest in Steven Stock, please use our How to Invest in Steven Madden guide.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Textiles, Apparel & Luxury Goods 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 Steven Madden. If investors know Steven 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 Steven Madden 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
(0.12)
Dividend Share
0.84
Earnings Share
2.36
Revenue Per Share
30.96
Quarterly Revenue Growth
0.13
The market value of Steven Madden is measured differently than its book value, which is the value of Steven that is recorded on the company's balance sheet. Investors also form their own opinion of Steven Madden's value that differs from its market value or its book value, called intrinsic value, which is Steven Madden'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 Steven Madden's market value can be influenced by many factors that don't directly affect Steven Madden'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 Steven Madden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steven Madden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steven Madden'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.