SunOpta Stock Forward View - Simple Regression
| SOY Stock | CAD 8.89 0.03 0.34% |
This reference page presents Simple Regression forecast data for SunOpta. The projected values and error metrics are presented below as reference information.
The Simple Regression forecasted value of SunOpta on the next trading day is expected to be 9.81 with a mean absolute deviation of 0.48 and the sum of the absolute errors of 28.99.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 SunOpta historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. This Simple Regression forecast data for SunOpta is sourced from the most recent available trading data and is intended solely as reference information. Simple Regression Price Forecast For the 24th of March
Given 90 days horizon, the Simple Regression forecasted value of SunOpta on the next trading day is expected to be 9.81 with a mean absolute deviation of 0.48 , mean absolute percentage error of 0.33 , and the sum of the absolute errors of 28.99 .Please note that although there have been many attempts to predict SunOpta 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 SunOpta's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest SunOpta | SunOpta Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates SunOpta's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 5.24 and upside near 14.37.
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 SunOpta stock data series using in forecasting. Note that when a statistical model is used to represent SunOpta 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 | 117.0149 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4753 |
| MAPE | Mean absolute percentage error | 0.0636 |
| SAE | Sum of the absolute errors | 28.9948 |
Other Forecasting Options for SunOpta
SunOpta's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in SunOpta often signals an upcoming reversal or acceleration.SunOpta Related Equities
The peer firms below within the Consumer Staples space can help frame SunOpta's pricing and running costs in context. Growth rate gaps between SunOpta and its peers often explain pricing differences in the market. Peer pricing works best when the firms compared share similar business models and end markets.
| Risk & Return | Correlation |
SunOpta Market Strength Events
Market strength indicators help investors evaluate how SunOpta stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading SunOpta.
SunOpta Risk Indicators
The analysis of SunOpta's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding SunOpta's allows investors to make informed decisions about their exposure.
| Mean Deviation | 1.99 | |||
| Semi Deviation | 0.5681 | |||
| Standard Deviation | 4.43 | |||
| Variance | 19.66 | |||
| Downside Variance | 2.08 | |||
| Semi Variance | 0.3228 | |||
| Expected Short fall | -2.52 |
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 SunOpta
The amount of media and story coverage tied to SunOpta 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.
Other Macroaxis Stories
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SunOpta Short Properties
Short sentiment tied to SunOpta matters because heavier bearish pressure can change how quickly future price expectations become unstable. 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 | 124.8 M | |
| Cash And Short Term Investments | 169 K |
More Resources for SunOpta Stock Analysis
Reviewing SunOpta typically starts with core financial statements and performance trends. All figures are aligned with SunOpta's latest available data.Projections for SunOpta can be cross-referenced against Historical Fundamental Analysis of SunOpta data. For information on how to trade SunOpta Stock refer to our How to Invest in SunOpta guide.SunOpta P/E of 14.88 alongside ROE at 9.02% frames the starting point - the resources below add portfolio-level context that single-security analysis cannot provide alone. Within the Consumer Defensive space, these metrics give the peer comparison tools below a concrete starting point for relative analysis. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.