Vestis Stock Forward View - Simple Regression
| VSTS Stock | 7.38 0.04 0.54% |
Vestis's Simple Regression forecast reference data is generated from the equity's historical trading prices. This page presents the model output and associated accuracy measures as reference information.
The Simple Regression forecasted value of Vestis on the next trading day is expected to be 7.92 with a mean absolute deviation of 0.32 and the sum of the absolute errors of 19.65.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 Vestis 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 Simple Regression projections for Vestis are reference data based on historical daily prices and are provided as informational context. Simple Regression Price Forecast For the 21st of March
Given 90 days horizon, the Simple Regression forecasted value of Vestis on the next trading day is expected to be 7.92 with a mean absolute deviation of 0.32 , mean absolute percentage error of 0.17 , and the sum of the absolute errors of 19.65 .Please note that although there have been many attempts to predict Vestis 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 Vestis' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Vestis | Vestis Price Prediction | Research Analysis |
Forecasted Value
Forecasting Vestis for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
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 Vestis stock data series using in forecasting. Note that when a statistical model is used to represent Vestis 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 | 118.1638 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3169 |
| MAPE | Mean absolute percentage error | 0.0436 |
| SAE | Sum of the absolute errors | 19.6508 |
Other Forecasting Options for Vestis
The price trajectory of Vestis is the primary concern for any investor assessing it as an opportunity. Vestis Stock price charts are filled with noise that can easily mislead uninformed investment decisions.Vestis Related Equities
The following equities are related to Vestis within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Vestis against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Vestis Market Strength Events
Understanding the market strength of Vestis stock enables investors to assess the security's momentum and responsiveness to broader market forces. These indicators are essential tools for timing trades in Vestis with greater precision.
Vestis Risk Indicators
Reviewing Vestis' basic risk indicators is essential for investors who want to forecast its price and manage their investment risk effectively. This analysis helps identify the amount of risk involved in holding Vestis' and informs decisions about hedging and position.
| Mean Deviation | 2.77 | |||
| Semi Deviation | 3.83 | |||
| Standard Deviation | 3.91 | |||
| Variance | 15.27 | |||
| Downside Variance | 15.21 | |||
| Semi Variance | 14.67 | |||
| Expected Short fall | -2.64 |
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 Vestis
The amount of media and story coverage tied to Vestis 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.
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Vestis Short Properties
Reviewing short-oriented indicators for Vestis 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 | 131.8 M | |
| Cash And Short Term Investments | 29.7 M |
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