Wolfspeed Stock Forecast - Naive Prediction
| WOLF Stock | USD 9.94 1.50 17.77% |
The Naive Prediction forecasted value of Wolfspeed on the next trading day is expected to be 10.73 with a mean absolute deviation of 0.78 and the sum of the absolute errors of 47.84. Wolfspeed Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Wolfspeed's historical fundamentals, such as revenue growth or operating cash flow patterns.
Wolfspeed |
Wolfspeed Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Wolfspeed's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1993-03-31 | Previous Quarter 1 B | Current Value 726.1 M | Quarterly Volatility 369.7 M |
Wolfspeed Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of Wolfspeed on the next trading day is expected to be 10.73 with a mean absolute deviation of 0.78, mean absolute percentage error of 1.05, and the sum of the absolute errors of 47.84.Please note that although there have been many attempts to predict Wolfspeed 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 Wolfspeed's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wolfspeed Stock Forecast Pattern
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Wolfspeed Forecasted Value
In the context of forecasting Wolfspeed'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. Wolfspeed's downside and upside margins for the forecasting period are 0.55 and 20.91, respectively. We have considered Wolfspeed'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Wolfspeed stock data series using in forecasting. Note that when a statistical model is used to represent Wolfspeed 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 | 118.1551 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7843 |
| MAPE | Mean absolute percentage error | 0.0791 |
| SAE | Sum of the absolute errors | 47.8417 |
Predictive Modules for Wolfspeed
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wolfspeed. 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 Wolfspeed
For every potential investor in Wolfspeed, whether a beginner or expert, Wolfspeed's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wolfspeed Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wolfspeed. Basic forecasting techniques help filter out the noise by identifying Wolfspeed's price trends.Wolfspeed 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 Wolfspeed stock to make a market-neutral strategy. Peer analysis of Wolfspeed could also be used in its relative valuation, which is a method of valuing Wolfspeed by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wolfspeed 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 Wolfspeed'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 Wolfspeed's current price.| Cycle Indicators | ||
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Wolfspeed Market Strength Events
Market strength indicators help investors to evaluate how Wolfspeed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wolfspeed shares will generate the highest return on investment. By undertsting and applying Wolfspeed stock market strength indicators, traders can identify Wolfspeed entry and exit signals to maximize returns.
Wolfspeed Risk Indicators
The analysis of Wolfspeed'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 Wolfspeed's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wolfspeed 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 | 6.67 | |||
| Standard Deviation | 9.89 | |||
| Variance | 97.74 |
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.
Currently Active Assets on Macroaxis
When determining whether Wolfspeed is a strong investment it is important to analyze Wolfspeed'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 Wolfspeed's future performance. For an informed investment choice regarding Wolfspeed Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Wolfspeed to cross-verify your projections. For more detail on how to invest in Wolfspeed Stock please use our How to Invest in Wolfspeed guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Semiconductors & Semiconductor Equipment 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 Wolfspeed. If investors know Wolfspeed 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 Wolfspeed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.80) | Revenue Per Share 6.38 | Quarterly Revenue Growth (0.01) | Return On Assets (0.03) | Return On Equity (0.78) |
The market value of Wolfspeed is measured differently than its book value, which is the value of Wolfspeed that is recorded on the company's balance sheet. Investors also form their own opinion of Wolfspeed's value that differs from its market value or its book value, called intrinsic value, which is Wolfspeed's 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 Wolfspeed's market value can be influenced by many factors that don't directly affect Wolfspeed's 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 Wolfspeed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wolfspeed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wolfspeed's 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.