Taylor Devices Stock Forecast - Polynomial Regression
| TAYD Stock | USD 46.62 0.22 0.47% |
The Polynomial Regression forecasted value of Taylor Devices on the next trading day is expected to be 48.81 with a mean absolute deviation of 3.14 and the sum of the absolute errors of 191.75. Taylor Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Taylor Devices stock prices and determine the direction of Taylor Devices's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Taylor Devices' historical fundamentals, such as revenue growth or operating cash flow patterns.
Taylor |
Taylor Devices Polynomial Regression Price Forecast For the 27th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Taylor Devices on the next trading day is expected to be 48.81 with a mean absolute deviation of 3.14, mean absolute percentage error of 16.07, and the sum of the absolute errors of 191.75.Please note that although there have been many attempts to predict Taylor 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 Taylor Devices' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Taylor Devices Stock Forecast Pattern
| Backtest Taylor Devices | Taylor Devices Price Prediction | Buy or Sell Advice |
Taylor Devices Forecasted Value
In the context of forecasting Taylor Devices' 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. Taylor Devices' downside and upside margins for the forecasting period are 44.21 and 53.41, respectively. We have considered Taylor Devices' 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Taylor Devices stock data series using in forecasting. Note that when a statistical model is used to represent Taylor Devices 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 | 120.8875 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.1434 |
| MAPE | Mean absolute percentage error | 0.0615 |
| SAE | Sum of the absolute errors | 191.7473 |
Predictive Modules for Taylor Devices
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Taylor Devices. 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 Taylor Devices' 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.
Other Forecasting Options for Taylor Devices
For every potential investor in Taylor, whether a beginner or expert, Taylor Devices' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Taylor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Taylor. Basic forecasting techniques help filter out the noise by identifying Taylor Devices' price trends.Taylor Devices 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 Taylor Devices stock to make a market-neutral strategy. Peer analysis of Taylor Devices could also be used in its relative valuation, which is a method of valuing Taylor Devices by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Taylor Devices 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 Taylor Devices' 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 Taylor Devices' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Taylor Devices Market Strength Events
Market strength indicators help investors to evaluate how Taylor Devices stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Taylor Devices shares will generate the highest return on investment. By undertsting and applying Taylor Devices stock market strength indicators, traders can identify Taylor Devices entry and exit signals to maximize returns.
Taylor Devices Risk Indicators
The analysis of Taylor Devices' 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 Taylor Devices' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting taylor 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 | 3.28 | |||
| Standard Deviation | 4.57 | |||
| Variance | 20.9 |
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.
Also Currently Popular
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.When determining whether Taylor Devices is a strong investment it is important to analyze Taylor Devices' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Taylor Devices' future performance. For an informed investment choice regarding Taylor Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Taylor Devices to cross-verify your projections. For information on how to trade Taylor Stock refer to our How to Trade Taylor Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Industrial Machinery & Supplies & Components 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 Taylor Devices. If investors know Taylor 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 Taylor Devices 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 0.629 | Earnings Share 2.91 | Revenue Per Share 14.228 | Quarterly Revenue Growth 0.171 | Return On Assets 0.1071 |
The market value of Taylor Devices is measured differently than its book value, which is the value of Taylor that is recorded on the company's balance sheet. Investors also form their own opinion of Taylor Devices' value that differs from its market value or its book value, called intrinsic value, which is Taylor Devices' 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 Taylor Devices' market value can be influenced by many factors that don't directly affect Taylor Devices' 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 Taylor Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taylor Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taylor Devices' 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.