Pilgrims Pride Stock Forward View
| PPC Stock | USD 34.96 -0.27 -0.77% |
Pilgrims Pride Corp's Naive Prediction reference page covers the model's projected value and error measures from recent price data. The forecast output and associated deviation metrics are shown for informational use.
The Naive Prediction forecasted value of Pilgrims Pride Corp on the next trading day is expected to be 33.66 with a mean absolute deviation of 0.62 and the sum of the absolute errors of 37.91.This model is not at all useful as a medium-long range forecasting tool of Pilgrims Pride Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Pilgrims Pride. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. All Naive Prediction forecast figures shown for Pilgrims Pride Corp are reference data reflecting model output based on available historical prices. Pilgrims Pride Cash Forecast
Financial forecasting for Pilgrims Pride applies quantitative methods to Pilgrims Pride's historical cash flow data. Revenue trends, working capital cycles, and capital expenditure patterns are embedded in Pilgrims Pride's historical statements.
Cash | First Reported 1985-09-30 | Previous Quarter 612.6 M | Current Value 640.2 M | Quarterly Volatility 365.7 M |
Macro event markers
Naive Prediction Price Forecast For the 24th of March
Given 90 days horizon, the Naive Prediction forecasted value of Pilgrims Pride Corp on the next trading day is expected to be 33.66 with a mean absolute deviation of 0.62 , mean absolute percentage error of 0.66 , and the sum of the absolute errors of 37.91 .Please note that although there have been many attempts to predict Pilgrims 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 Pilgrims Pride's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Pilgrims Pride | Pilgrims Pride Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Pilgrims Pride Corp uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. At the moment, the model places downside around 31.78 and upside around 35.54 for the forecasting period.
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 Pilgrims Pride stock data series using in forecasting. Note that when a statistical model is used to represent Pilgrims Pride 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 | 117.7006 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6214 |
| MAPE | Mean absolute percentage error | 0.0155 |
| SAE | Sum of the absolute errors | 37.9059 |
Other Forecasting Options for Pilgrims Pride
Bollinger Bands applied to Pilgrims Stock price data measure how far Pilgrims has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Pilgrims Pride's price data.Pilgrims Pride Related Equities
The stocks listed below are peers of Pilgrims Pride within the Consumer Staples space and offer context for ranking and strength. Looking at Pilgrims Pride's pricing multiples next to these peers shows if the stock trades at a premium or discount.
| Risk & Return | Correlation |
Pilgrims Pride Market Strength Events
For investors tracking Pilgrims Pride Corp, market strength indicators offer quantitative evaluation of stock behavior. By using these indicators, traders can make more informed decisions about when to buy or sell Pilgrims Pride Corp.
Pilgrims Pride Risk Indicators
Analyzing Pilgrims Pride's basic risk indicators provides investors with a structured view of the risk-return trade-off for pilgrims stock. By identifying the level of risk embedded in Pilgrims Pride's investment, investors can make informed decisions about position sizing.
| Mean Deviation | 1.37 | |||
| Standard Deviation | 1.84 | |||
| Variance | 3.37 |
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 Pilgrims Pride
Story coverage around Pilgrims Pride Corp often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. A disciplined read of coverage separates durable relevance from temporary noise.
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Pilgrims Pride Short Properties
Reviewing short-oriented indicators for Pilgrims Pride Corp is useful because long and short participants often create very different signals for timing and volatility. 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 | 238.4 M | |
| Cash And Short Term Investments | 640.2 M |