Synnex Stock Forward View - Polynomial Regression
| SNX Stock | USD 233.73 -0.20 -0.09% |
Polynomial Regression is applied to Synnex's daily closing prices, and the resulting forecast is presented with accuracy metrics. Wide deviation between fitted and observed values suggests the model's assumptions may not match current market conditions. These values update automatically with each new closing price. The Polynomial Regression model projects Synnex at 238.95 for the next trading day, above the most recent closing price. This Polynomial Regression output is provided as analytical reference and does not constitute a trading recommendation.
Polynomial Regression Price Forecast For the 8th of May
Over a 90-day horizon, the Polynomial Regression model forecasts Synnex at 238.95 for the next trading day, with a mean absolute deviation of 5.14 , mean absolute percentage error of 0.03 , and sum of absolute errors of 313.81 .This represents a tight forecast with good short-term tracking of Synnex's price movement. This output is intended for short-term analytical reference.
Stock Forecast Pattern
| Backtest Synnex | Synnex Price Prediction | Research Analysis |
Forecasted Value
The projected range for Synnex reflects the model's ability to define credible downside and upside scenarios for the next trading day. The projected band runs from roughly 236.59 on the downside to about 241.32 on the upside. The narrow range indicates limited short-term dispersion.
Model Predictive Factors
The table below summarizes the Polynomial Regression model's error metrics for Synnex stock. Lower MAD and MAPE values indicate tighter forecast accuracy. AIC measures relative model quality — lower values indicate less information loss and a better-fitting model. A large Bias suggests systematic over- or under-prediction.| AIC | Akaike Information Criteria | 121.75 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.1445 |
| MAPE | Mean absolute percentage error | 0.0298 |
| SAE | Sum of the absolute errors | 313.8132 |
Other Forecasting Options for Synnex
Synnex's daily price returns decompose into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Synnex often signals an upcoming reversal or acceleration. Gap analysis of Synnex Stock data examines overnight jumps between Synnex's closing and opening prices.Synnex Related Equities
These related stocks within the Information Technology space give benchmarks for judging Synnex's results, margins, and growth trend. Looking at Synnex's pricing multiples next to these peers shows if the stock trades at a premium or discount.
| Risk & Return | Correlation |
Synnex Market Strength Events
Market strength indicators for Synnex stock provide a framework for assessing security responsiveness. A rising Accumulation/Distribution line alongside rising price confirms institutional buying interest in Synnex. Median and Typical Price smooth out intraday extremes, providing a cleaner reference level for evaluating Synnex sessions.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 233.73 | |||
| Day Typical Price | 233.73 | |||
| Price Action Indicator | -0.10 | |||
| Period Momentum Indicator | -0.20 | |||
| Relative Strength Index | 74.39 |
Synnex Risk Indicators
Assessing Synnex's risk indicators is a structured way to evaluate the risk-return trade-off for synnex stock. The level of risk embedded in Synnex's feeds directly into exposure calibration. Comparing Synnex's downside variance to total variance reveals whether the risk profile is skewed toward losses.
| Mean Deviation | 1.66 | |||
| Semi Deviation | 1.38 | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.73 | |||
| Downside Variance | 4.14 | |||
| Semi Variance | 1.92 | |||
| Expected Short fall | -1.88 |
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.
Synnex Short Properties
Reviewing short-oriented indicators for Synnex is useful because long and short participants often create very different signals for timing and volatility. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 82.43 million | |
| Cash And Short Term Investments | 2.44 billion |