Molson Coors Stock Forecast - 8 Period Moving Average

TAP Stock  USD 60.38  0.42  0.69%   
The 8 Period Moving Average forecasted value of Molson Coors Brewing on the next trading day is expected to be 61.79 with a mean absolute deviation of 1.21 and the sum of the absolute errors of 64.00. Molson Stock Forecast is based on your current time horizon. Although Molson Coors' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Molson Coors' systematic risk associated with finding meaningful patterns of Molson Coors fundamentals over time.
  
As of 11/22/2024, Asset Turnover is likely to grow to 0.83, while Inventory Turnover is likely to drop 7.34. . As of 11/22/2024, Common Stock Shares Outstanding is likely to drop to about 147.1 M. In addition to that, Net Loss is likely to grow to about (191.5 M).
An 8-period moving average forecast model for Molson Coors is based on an artificially constructed time series of Molson Coors daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Molson Coors 8 Period Moving Average Price Forecast For the 23rd of November

Given 90 days horizon, the 8 Period Moving Average forecasted value of Molson Coors Brewing on the next trading day is expected to be 61.79 with a mean absolute deviation of 1.21, mean absolute percentage error of 3.15, and the sum of the absolute errors of 64.00.
Please note that although there have been many attempts to predict Molson 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 Molson Coors' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Molson Coors Stock Forecast Pattern

Backtest Molson CoorsMolson Coors Price PredictionBuy or Sell Advice 

Molson Coors Forecasted Value

In the context of forecasting Molson Coors' 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. Molson Coors' downside and upside margins for the forecasting period are 60.27 and 63.32, respectively. We have considered Molson Coors' 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
60.38
61.79
Expected Value
63.32
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Molson Coors stock data series using in forecasting. Note that when a statistical model is used to represent Molson Coors 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 Criteria104.5562
BiasArithmetic mean of the errors -0.488
MADMean absolute deviation1.2076
MAPEMean absolute percentage error0.0207
SAESum of the absolute errors64.005
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Molson Coors Brewing 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Molson Coors

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Molson Coors Brewing. 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
59.1960.7262.25
Details
Intrinsic
Valuation
LowRealHigh
56.3757.9066.42
Details
Bollinger
Band Projection (param)
LowMiddleHigh
52.2958.1564.01
Details
19 Analysts
Consensus
LowTargetHigh
61.5267.6075.04
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Molson Coors. Your research has to be compared to or analyzed against Molson Coors' peers to derive any actionable benefits. When done correctly, Molson Coors' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Molson Coors Brewing.

Other Forecasting Options for Molson Coors

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

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

Molson Coors Brewing 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 Molson Coors' 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 Molson Coors' current price.

Molson Coors Market Strength Events

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

Molson Coors Risk Indicators

The analysis of Molson Coors' 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 Molson Coors' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting molson 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 Molson Coors

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 Molson Coors 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 Molson Coors will appreciate offsetting losses from the drop in the long position's value.

Moving together with Molson Stock

  0.63MO Altria GroupPairCorr

Moving against Molson Stock

  0.82FMX Fomento EconomicoPairCorr
  0.74BGS BG FoodsPairCorr
  0.72CPB Campbell SoupPairCorr
  0.68ADM Archer Daniels MidlandPairCorr
  0.66GIS General MillsPairCorr
The ability to find closely correlated positions to Molson Coors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Molson Coors 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 Molson Coors - 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 Molson Coors Brewing to buy it.
The correlation of Molson Coors 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 Molson Coors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Molson Coors Brewing 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 Molson Coors 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

Additional Tools for Molson Stock Analysis

When running Molson Coors' price analysis, check to measure Molson Coors' 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 Molson Coors is operating at the current time. Most of Molson Coors' value examination focuses on studying past and present price action to predict the probability of Molson Coors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Molson Coors' price. Additionally, you may evaluate how the addition of Molson Coors to your portfolios can decrease your overall portfolio volatility.