Sterling Construction Stock Forward View - Simple Regression
| STRL Stock | USD 401.62 0.01 0.0025% |
The Simple Regression reference data for Sterling Construction is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes. All values shown are derived from publicly available market data.
The Simple Regression forecasted value of Sterling Construction on the next trading day is expected to be 449.85 with a mean absolute deviation of 19.95 and the sum of the absolute errors of 1,217.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 Sterling Construction 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 forecast reference data presented here for Sterling Construction reflects Simple Regression model output and is intended as reference material for analytical use. Simple Regression Price Forecast For the 24th of March
Given 90 days horizon, the Simple Regression forecasted value of Sterling Construction on the next trading day is expected to be 449.85 with a mean absolute deviation of 19.95 , mean absolute percentage error of 605.64 , and the sum of the absolute errors of 1,217 .Please note that although there have been many attempts to predict Sterling 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 Sterling Construction's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Sterling Construction | Sterling Construction Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Sterling Construction uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 446.45 and upside near 453.25.
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 Sterling Construction stock data series using in forecasting. Note that when a statistical model is used to represent Sterling Construction 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 | 124.5168 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 19.9512 |
| MAPE | Mean absolute percentage error | 0.0513 |
| SAE | Sum of the absolute errors | 1217.0231 |
Other Forecasting Options for Sterling Construction
Fibonacci retracement levels applied to Sterling Stock price swings identify potential support and resistance zones. Extreme price moves in Sterling occur more frequently than standard risk models assume. Support and resistance levels derived from Sterling Construction's historical data identify zones where buying or selling pressure has stalled moves. A volume spike without a corresponding price move can signal accumulation or distribution ahead of a directional breakout.Sterling Construction Related Equities
Sterling Construction's market space within the Industrials space is best grasped by looking at the firms listed below. Peer review on balance sheet metrics shows how Sterling Construction's capital structure stacks up against similar firms.
| Risk & Return | Correlation |
Sterling Construction Market Strength Events
Tracking market strength indicators for Sterling Construction provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading Sterling Construction is likely to be most rewarding. These tools are essential for timing trades in Sterling Construction with a quantitative framework. Market strength indicators for Sterling Construction are most useful when viewed as part of a broader analytical framework.
Sterling Construction Risk Indicators
Properly assessing Sterling Construction's risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding Sterling Construction's. Analyzing Sterling Construction's risk indicators provides a critical input for investment risk management. By quantifying the risk in Sterling Construction's investment, investors can make more informed decisions about hedging strategies.
| Mean Deviation | 2.83 | |||
| Semi Deviation | 3.53 | |||
| Standard Deviation | 3.68 | |||
| Variance | 13.57 | |||
| Downside Variance | 14.69 | |||
| Semi Variance | 12.43 | |||
| Expected Short fall | -2.98 |
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 Sterling Construction
Story coverage around Sterling Construction often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Sterling Construction Short Properties
Reviewing short-oriented indicators for Sterling Construction is useful because long and short participants often create very different signals for timing and volatility. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 30.9 M | |
| Cash And Short Term Investments | 390.7 M |