Targa Resources Stock Forward View - Simple Regression
| TRGP Stock | USD 245.27 -0.83 -0.34% |
Targa Resources'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 Targa Resources on the next trading day is expected to be 253.19 with a mean absolute deviation of 6.08 and the sum of the absolute errors of 371.13.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 Targa Resources historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. Targa Resources'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 26th of March
Given 90 days horizon, the Simple Regression forecasted value of Targa Resources on the next trading day is expected to be 253.19 with a mean absolute deviation of 6.08 , mean absolute percentage error of 46.49 , and the sum of the absolute errors of 371.13 .Please note that although there have been many attempts to predict Targa 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 Targa Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Targa Resources | Targa Resources Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Targa Resources uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 251.68 and upside near 254.71.
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 Targa Resources stock data series using in forecasting. Note that when a statistical model is used to represent Targa Resources 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 | 121.9498 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 6.0841 |
| MAPE | Mean absolute percentage error | 0.0292 |
| SAE | Sum of the absolute errors | 371.1316 |
Other Forecasting Options for Targa Resources
Analyzing Targa Resources' 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 Targa Resources' chart can signal overbought or oversold conditions.Targa Resources Related Equities
Checking Targa Resources against related firms within the Energy space helps investors see where the stock stands among peers. Return on equity across these peers shows how well each firm turns capital into profit.
| Risk & Return | Correlation |
Targa Resources Market Strength Events
Market strength indicators for Targa Resources stock provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade Targa Resources.
Targa Resources Risk Indicators
Assessing Targa Resources' risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting Targa Resources' future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 1.23 | |||
| Semi Deviation | 0.927 | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.3 | |||
| Downside Variance | 1.91 | |||
| Semi Variance | 0.8593 | |||
| Expected Short fall | -1.41 |
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 Targa Resources
Story coverage around Targa Resources often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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Targa Resources Short Properties
Reviewing short-oriented indicators for Targa Resources is useful because long and short participants often create very different signals for timing and volatility. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 215 M | |
| Cash And Short Term Investments | 166.1 M |
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