Wells Fargo Stock Forecast - Simple Regression
| WFC Stock | EUR 87.35 0.40 0.46% |
The Simple Regression forecasted value of West Fraser Timber on the next trading day is expected to be 89.47 with a mean absolute deviation of 2.19 and the sum of the absolute errors of 133.44. Wells Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Wells Fargo's historical fundamentals, such as revenue growth or operating cash flow patterns.
Wells |
Wells Fargo Simple Regression Price Forecast For the 12th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of West Fraser Timber on the next trading day is expected to be 89.47 with a mean absolute deviation of 2.19, mean absolute percentage error of 6.87, and the sum of the absolute errors of 133.44.Please note that although there have been many attempts to predict Wells 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 Wells Fargo's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wells Fargo Stock Forecast Pattern
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Wells Fargo Forecasted Value
In the context of forecasting Wells Fargo'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. Wells Fargo's downside and upside margins for the forecasting period are 87.85 and 91.08, respectively. We have considered Wells Fargo'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 Wells Fargo stock data series using in forecasting. Note that when a statistical model is used to represent Wells Fargo 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 | 120.038 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.1875 |
| MAPE | Mean absolute percentage error | 0.0249 |
| SAE | Sum of the absolute errors | 133.436 |
Predictive Modules for Wells Fargo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as West Fraser Timber. 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 Wells Fargo
For every potential investor in Wells, whether a beginner or expert, Wells Fargo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wells Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wells. Basic forecasting techniques help filter out the noise by identifying Wells Fargo's price trends.Wells Fargo 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 Wells Fargo stock to make a market-neutral strategy. Peer analysis of Wells Fargo could also be used in its relative valuation, which is a method of valuing Wells Fargo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
West Fraser Timber 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 Wells Fargo'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 Wells Fargo's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Wells Fargo Market Strength Events
Market strength indicators help investors to evaluate how Wells Fargo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wells Fargo shares will generate the highest return on investment. By undertsting and applying Wells Fargo stock market strength indicators, traders can identify West Fraser Timber entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 87.35 | |||
| Day Typical Price | 87.35 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.40) | |||
| Relative Strength Index | 67.32 |
Wells Fargo Risk Indicators
The analysis of Wells Fargo'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 Wells Fargo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wells 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 | 1.38 | |||
| Standard Deviation | 1.6 | |||
| Variance | 2.55 | |||
| Downside Variance | 2.54 | |||
| Semi Variance | 1.9 | |||
| 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 Wells Stock
When determining whether West Fraser Timber is a strong investment it is important to analyze Wells Fargo's 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 Wells Fargo's future performance. For an informed investment choice regarding Wells Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Wells Fargo to cross-verify your projections. For more detail on how to invest in Wells Stock please use our How to Invest in Wells Fargo guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.