Methode Electronics Stock Forward View - Simple Regression
| MEI Stock | USD 5.20 -0.11 -2.07% |
Methode Electronics's Simple Regression reference data is generated by applying the model to available daily closing prices. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Simple Regression forecasted value of Methode Electronics on the next trading day is projected to be 7.05 with a mean absolute deviation of 1.09 and the sum of the absolute errors of 66.24.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 Methode Electronics historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. Methode Electronics's Simple Regression reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Simple Regression Price Forecast For the 23rd of March
Given 90 days horizon, the Simple Regression forecasted value of Methode Electronics on the next trading day is expected to be 7.05 with a mean absolute deviation of 1.09 , mean absolute percentage error of 1.49 , and the sum of the absolute errors of 66.24 .Please note that although there have been many attempts to predict Methode 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 Methode Electronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Methode Electronics | Methode Electronics Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Methode Electronics uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 3.21 and upside near 10.89.
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 Methode Electronics stock data series using in forecasting. Note that when a statistical model is used to represent Methode Electronics 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 | 118.5075 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.086 |
| MAPE | Mean absolute percentage error | 0.1553 |
| SAE | Sum of the absolute errors | 66.2436 |
Other Forecasting Options for Methode Electronics
Analyzing Methode Electronics' price movement through moving averages at different time horizons reveals whether short-term momentum aligns with the longer-term trend. Touches of the upper or lower band in Methode Electronics' chart can signal overbought or oversold conditions.Methode Electronics Related Equities
Sizing up Methode Electronics against these stocks within the Information Technology space shows how it compares on key financial measures. Market cap and total value checks frame Methode Electronics' size within the competitive field.
| Risk & Return | Correlation |
Methode Electronics Market Strength Events
Market strength indicators for Methode Electronics stock provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade Methode Electronics.
Methode Electronics Risk Indicators
Assessing Methode Electronics' risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting Methode Electronics' future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 2.66 | |||
| Standard Deviation | 3.84 | |||
| Variance | 14.73 |
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 Methode Electronics
Coverage intensity for Methode Electronics matters because narrative visibility can influence sentiment, participation, and volatility around the name. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Methode Electronics Short Properties
A short-interest review of Methode Electronics provides context for understanding whether skepticism in the market is becoming more influential. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 35.5 M | |
| Cash And Short Term Investments | 103.6 M |