Spin Master Stock Forecast - Simple Regression

TOY Stock  CAD 31.88  0.33  1.05%   
The Simple Regression forecasted value of Spin Master Corp on the next trading day is expected to be 31.69 with a mean absolute deviation of 0.70 and the sum of the absolute errors of 42.75. Spin Stock Forecast is based on your current time horizon. Although Spin Master's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Spin Master's systematic risk associated with finding meaningful patterns of Spin Master fundamentals over time.
  
At this time, Spin Master's Payables Turnover is very stable compared to the past year. As of the 24th of November 2024, Receivables Turnover is likely to grow to 6.37, while Inventory Turnover is likely to drop 8.51. . As of the 24th of November 2024, Common Stock Shares Outstanding is likely to grow to about 111.9 M. Also, Net Income Applicable To Common Shares is likely to grow to about 315.5 M.
Simple Regression model is a single variable regression model that attempts to put a straight line through Spin Master price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Spin Master Simple Regression Price Forecast For the 25th of November

Given 90 days horizon, the Simple Regression forecasted value of Spin Master Corp on the next trading day is expected to be 31.69 with a mean absolute deviation of 0.70, mean absolute percentage error of 0.71, and the sum of the absolute errors of 42.75.
Please note that although there have been many attempts to predict Spin 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 Spin Master's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Spin Master Stock Forecast Pattern

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Spin Master Forecasted Value

In the context of forecasting Spin Master'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. Spin Master's downside and upside margins for the forecasting period are 29.53 and 33.85, respectively. We have considered Spin Master'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
31.88
31.69
Expected Value
33.85
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Spin Master stock data series using in forecasting. Note that when a statistical model is used to represent Spin Master 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 Criteria117.7719
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7008
MAPEMean absolute percentage error0.0224
SAESum of the absolute errors42.7507
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Spin Master Corp historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Spin Master

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spin Master 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.
Hype
Prediction
LowEstimatedHigh
29.7731.9334.09
Details
Intrinsic
Valuation
LowRealHigh
29.1131.2733.43
Details
Bollinger
Band Projection (param)
LowMiddleHigh
31.4631.7732.08
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.511.040.65
Details

Other Forecasting Options for Spin Master

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

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

Spin Master Corp 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 Spin Master'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 Spin Master's current price.

Spin Master Market Strength Events

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

Spin Master Risk Indicators

The analysis of Spin Master'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 Spin Master's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting spin 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.

Other Information on Investing in Spin Stock

Spin Master financial ratios help investors to determine whether Spin Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spin with respect to the benefits of owning Spin Master security.