Alta Equipment Stock Forward View - Simple Regression
| ALTG Stock | USD 5.58 0.07 1.27% |
The Simple Regression forecast reference data for Alta Equipment Group is based on the equity's recent trading history. Forecast values and accuracy indicators are summarized on this page for reference. This reference information is provided for analytical context.
The Simple Regression forecasted value of Alta Equipment Group on the next trading day is expected to be 6.64 with a mean absolute deviation of 0.57 and the sum of the absolute errors of 35.11.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 Alta Equipment Group historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. The Simple Regression projections for Alta Equipment Group are reference data based on historical daily prices and are provided as informational context. Simple Regression Price Forecast For the 27th of March
Given 90 days horizon, the Simple Regression forecasted value of Alta Equipment Group on the next trading day is expected to be 6.64 with a mean absolute deviation of 0.57 , mean absolute percentage error of 0.46 , and the sum of the absolute errors of 35.11 .Please note that although there have been many attempts to predict Alta Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Alta Equipment's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Alta Equipment | Alta Equipment Price Prediction | Research Analysis |
Forecasted Value
Forecasting Alta Equipment Group for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 2.94 and upside near 10.35.
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 Alta Equipment stock data series using in forecasting. Note that when a statistical model is used to represent Alta Equipment 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 | 119.1618 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5663 |
| MAPE | Mean absolute percentage error | 0.0945 |
| SAE | Sum of the absolute errors | 35.1121 |
Other Forecasting Options for Alta Equipment
Volatility clustering is a well-documented feature of Alta Stock price data where periods of large moves tend to follow other large moves. When Alta Equipment's RSI reaches extreme levels, it often precedes a short-term price correction or consolidation. Seasonal patterns in Alta Equipment's returns can persist when driven by structural factors like earnings calendars or index rebalancing.Alta Equipment Related Equities
Alta Equipment's market space within the Industrials space is best grasped by looking at the firms listed below. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across Alta Equipment's peer group. Falling behind peers on key ratios may signal headwinds or execution issues worth looking into.
| Risk & Return | Correlation |
Alta Equipment Market Strength Events
Analyzing market strength indicators for Alta Equipment enables investors to understand relative stock momentum. These tools help identify favorable windows for position changes in Alta Equipment Group. Market strength indicators support more precise timing of Alta Equipment Group positions across market cycles.
Alta Equipment Risk Indicators
Identifying and analyzing Alta Equipment's key risk indicators is a foundational step in projecting how its price may evolve. This process involves measuring the level of investment risk in Alta Equipment's and determining how best to manage it. Studying Alta Equipment's risk indicators helps investors understand the risk level of alta stock.
| Mean Deviation | 2.7 | |||
| Semi Deviation | 2.99 | |||
| Standard Deviation | 3.61 | |||
| Variance | 13.03 | |||
| Downside Variance | 10.45 | |||
| Semi Variance | 8.95 | |||
| Expected Short fall | -2.84 |
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.
Story Coverage note for Alta Equipment
The amount of media and story coverage tied to Alta Equipment Group can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
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Alta Equipment Short Properties
Short-interest signals around Alta Equipment Group can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 32.7 M | |
| Cash And Short Term Investments | 18.6 M |