Textron Stock Forecast - Simple Regression
| TXT Stock | EUR 80.44 0.54 0.67% |
The Simple Regression forecasted value of Textron on the next trading day is expected to be 80.00 with a mean absolute deviation of 1.56 and the sum of the absolute errors of 95.31. Textron Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Textron's historical fundamentals, such as revenue growth or operating cash flow patterns.
Textron |
Textron Simple Regression Price Forecast For the 30th of November
Given 90 days horizon, the Simple Regression forecasted value of Textron on the next trading day is expected to be 80.00 with a mean absolute deviation of 1.56, mean absolute percentage error of 4.28, and the sum of the absolute errors of 95.31.Please note that although there have been many attempts to predict Textron 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 Textron's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Textron Stock Forecast Pattern
| Backtest Textron | Textron Price Prediction | Buy or Sell Advice |
Textron Forecasted Value
In the context of forecasting Textron'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. Textron's downside and upside margins for the forecasting period are 78.39 and 81.60, respectively. We have considered Textron'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.
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 Textron stock data series using in forecasting. Note that when a statistical model is used to represent Textron 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 | 119.5643 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.5625 |
| MAPE | Mean absolute percentage error | 0.0199 |
| SAE | Sum of the absolute errors | 95.315 |
Predictive Modules for Textron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Textron. 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.Other Forecasting Options for Textron
For every potential investor in Textron, whether a beginner or expert, Textron's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Textron Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Textron. Basic forecasting techniques help filter out the noise by identifying Textron's price trends.Textron 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 Textron stock to make a market-neutral strategy. Peer analysis of Textron could also be used in its relative valuation, which is a method of valuing Textron by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Textron 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 Textron'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 Textron's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
Textron Market Strength Events
Market strength indicators help investors to evaluate how Textron stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Textron shares will generate the highest return on investment. By undertsting and applying Textron stock market strength indicators, traders can identify Textron entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 80.44 | |||
| Day Typical Price | 80.44 | |||
| Price Action Indicator | (0.27) | |||
| Period Momentum Indicator | (0.54) |
Textron Risk Indicators
The analysis of Textron'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 Textron's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting textron 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 | 1.19 | |||
| Semi Deviation | 1.53 | |||
| Standard Deviation | 1.6 | |||
| Variance | 2.56 | |||
| Downside Variance | 2.41 | |||
| Semi Variance | 2.33 | |||
| Expected Short fall | (1.27) |
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.
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Additional Information and Resources on Investing in Textron Stock
When determining whether Textron is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Textron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Textron Stock. Highlighted below are key reports to facilitate an investment decision about Textron Stock:Check out Historical Fundamental Analysis of Textron to cross-verify your projections. For more detail on how to invest in Textron Stock please use our How to Invest in Textron guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.