Ashtead Group Pink Sheet Forward View - 20 Period Moving Average
| ASHTF Stock | USD 70.01 0.00 0.00% |
Ashtead Group plc's 20 Period Moving Average forecast reference data is generated from the equity's historical trading prices. This page presents the model output and associated accuracy measures as reference information.
The 20 Period Moving Average forecasted value of Ashtead Group plc on the next trading day is expected to be 70.42 with a mean absolute deviation of 1.75 and the sum of the absolute errors of 71.56.The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Ashtead Group plc 20-period moving average forecast can only be used reliably to predict one or two periods into the future. The 20 Period Moving Average projections for Ashtead Group plc are reference data based on historical daily prices and are provided as informational context. 20 Period Moving Average Price Forecast For the 19th of March
Given 90 days horizon, the 20 Period Moving Average forecasted value of Ashtead Group plc on the next trading day is expected to be 70.42 with a mean absolute deviation of 1.75 , mean absolute percentage error of 6.10 , and the sum of the absolute errors of 71.56 .Please note that although there have been many attempts to predict Ashtead Pink Sheet 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 Ashtead Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
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Forecasted Value
Forecasting Ashtead Group plc for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Ashtead Group pink sheet data series using in forecasting. Note that when a statistical model is used to represent Ashtead Group pink sheet, 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 | 83.1619 |
| Bias | Arithmetic mean of the errors | 0.2555 |
| MAD | Mean absolute deviation | 1.7453 |
| MAPE | Mean absolute percentage error | 0.0253 |
| SAE | Sum of the absolute errors | 71.5565 |
Other Forecasting Options for Ashtead Group
The price trajectory of Ashtead is the primary concern for any investor assessing it as an opportunity. Ashtead Pink Sheet price charts are filled with noise that can easily mislead uninformed investment decisions.Ashtead Group Related Equities
The following equities are related to Ashtead Group within the Rental & Leasing Services space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Ashtead Group against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Ashtead Group Market Strength Events
Understanding the market strength of Ashtead Group pink sheet enables investors to assess the security's momentum and responsiveness to broader market forces. These indicators are essential tools for timing trades in Ashtead Group plc with greater precision.
Ashtead Group Risk Indicators
Reviewing Ashtead Group's basic risk indicators is essential for investors who want to forecast its price and manage their investment risk effectively. This analysis helps identify the amount of risk involved in holding Ashtead Group's and informs decisions about hedging and position.
| Mean Deviation | 2.06 | |||
| Semi Deviation | 2.54 | |||
| Standard Deviation | 2.93 | |||
| Variance | 8.6 | |||
| Downside Variance | 11.7 | |||
| Semi Variance | 6.46 | |||
| Expected Short fall | -2.36 |
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 Ashtead Group
The amount of media and story coverage tied to Ashtead Group plc can signal where market attention is concentrating at the moment. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Other Information on Investing in Ashtead Pink Sheet
Financial ratios for Ashtead Group provide valuation context across profits, cash flow, and enterprise value. They help compare Ashtead across valuation measures.