YETI Holdings Stock Forecast - Naive Prediction
| YETI Stock | USD 39.61 1.11 2.88% |
The Naive Prediction forecasted value of YETI Holdings on the next trading day is expected to be 37.35 with a mean absolute deviation of 1.00 and the sum of the absolute errors of 60.72. YETI Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of YETI Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
YETI |
YETI Holdings 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 YETI Holdings' financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2014-12-31 | Previous Quarter 212.9 M | Current Value 280.5 M | Quarterly Volatility 107.5 M |
YETI Holdings Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of YETI Holdings on the next trading day is expected to be 37.35 with a mean absolute deviation of 1.00, mean absolute percentage error of 1.44, and the sum of the absolute errors of 60.72.Please note that although there have been many attempts to predict YETI 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 YETI Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
YETI Holdings Stock Forecast Pattern
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YETI Holdings Forecasted Value
In the context of forecasting YETI Holdings' 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. YETI Holdings' downside and upside margins for the forecasting period are 35.07 and 39.62, respectively. We have considered YETI Holdings' 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 YETI Holdings stock data series using in forecasting. Note that when a statistical model is used to represent YETI Holdings 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 | 118.4722 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.9955 |
| MAPE | Mean absolute percentage error | 0.0256 |
| SAE | Sum of the absolute errors | 60.7238 |
Predictive Modules for YETI Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as YETI Holdings. 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 YETI Holdings' 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 YETI Holdings
For every potential investor in YETI, whether a beginner or expert, YETI Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. YETI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in YETI. Basic forecasting techniques help filter out the noise by identifying YETI Holdings' price trends.YETI Holdings 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 YETI Holdings stock to make a market-neutral strategy. Peer analysis of YETI Holdings could also be used in its relative valuation, which is a method of valuing YETI Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
YETI Holdings 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 YETI Holdings' 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 YETI Holdings' current price.| Cycle Indicators | ||
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YETI Holdings Market Strength Events
Market strength indicators help investors to evaluate how YETI Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading YETI Holdings shares will generate the highest return on investment. By undertsting and applying YETI Holdings stock market strength indicators, traders can identify YETI Holdings entry and exit signals to maximize returns.
YETI Holdings Risk Indicators
The analysis of YETI Holdings' 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 YETI Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting yeti 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 | 1.63 | |||
| Standard Deviation | 2.24 | |||
| Variance | 5.03 |
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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When determining whether YETI Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of YETI Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Yeti Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Yeti Holdings Stock:Check out Historical Fundamental Analysis of YETI Holdings to cross-verify your projections. For more detail on how to invest in YETI Stock please use our How to Invest in YETI Holdings guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Leisure Products 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 YETI Holdings. If investors know YETI 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 YETI Holdings 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 0.347 | Earnings Share 2.31 | Revenue Per Share 21.044 | Quarterly Revenue Growth 0.104 | Return On Assets 0.1343 |
The market value of YETI Holdings is measured differently than its book value, which is the value of YETI that is recorded on the company's balance sheet. Investors also form their own opinion of YETI Holdings' value that differs from its market value or its book value, called intrinsic value, which is YETI Holdings' 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 YETI Holdings' market value can be influenced by many factors that don't directly affect YETI Holdings' 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 YETI Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if YETI Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YETI Holdings' 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.