BG Staffing Stock Forecast - Polynomial Regression

BGSF Stock  USD 10.30  0.19  1.88%   
The Polynomial Regression forecasted value of BG Staffing on the next trading day is expected to be 10.40 with a mean absolute deviation of  0.21  and the sum of the absolute errors of 12.96. BGSF Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BG Staffing stock prices and determine the direction of BG Staffing's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BG Staffing's historical fundamentals, such as revenue growth or operating cash flow patterns. Although BG Staffing's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BG Staffing's systematic risk associated with finding meaningful patterns of BG Staffing fundamentals over time.
Check out Historical Fundamental Analysis of BG Staffing to cross-verify your projections.
For more detail on how to invest in BGSF Stock please use our How to Invest in BG Staffing guide.
  
At this time, BG Staffing's Receivables Turnover is most likely to increase slightly in the upcoming years. The BG Staffing's current Asset Turnover is estimated to increase to 2.62, while Fixed Asset Turnover is projected to decrease to 44.72. . The BG Staffing's current Net Income Applicable To Common Shares is estimated to increase to about 30.6 M, while Common Stock Shares Outstanding is projected to decrease to roughly 9.3 M.

Open Interest Against 2024-04-19 BGSF Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast BG Staffing's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in BG Staffing's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for BG Staffing stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current BG Staffing's open interest, investors have to compare it to BG Staffing's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of BG Staffing is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in BGSF. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in BG Staffing cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the BG Staffing's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BG Staffing's price structures and extracts relationships that further increase the generated results' accuracy.
BG Staffing polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for BG Staffing as well as the accuracy indicators are determined from the period prices.

BG Staffing Polynomial Regression Price Forecast For the 29th of March

Given 90 days horizon, the Polynomial Regression forecasted value of BG Staffing on the next trading day is expected to be 10.40 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.06, and the sum of the absolute errors of 12.96.
Please note that although there have been many attempts to predict BGSF Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that BG Staffing's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

BG Staffing Stock Forecast Pattern

Backtest BG StaffingBG Staffing Price PredictionBuy or Sell Advice 

BG Staffing Forecasted Value

In the context of forecasting BG Staffing's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. BG Staffing's downside and upside margins for the forecasting period are 8.61 and 12.18, respectively. We have considered BG Staffing's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
10.30
10.40
Expected Value
12.18
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of BG Staffing stock data series using in forecasting. Note that when a statistical model is used to represent BG Staffing 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.
AICAkaike Information Criteria117.2022
BiasArithmetic mean of the errors None
MADMean absolute deviation0.209
MAPEMean absolute percentage error0.0214
SAESum of the absolute errors12.9608
A single variable polynomial regression model attempts to put a curve through the BG Staffing historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for BG Staffing

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BG Staffing. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BG Staffing's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
8.5210.3112.10
Details
Intrinsic
Valuation
LowRealHigh
10.1911.9813.77
Details
Bollinger
Band Projection (param)
LowMiddleHigh
10.0210.1910.35
Details
2 Analysts
Consensus
LowTargetHigh
15.7017.2519.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BG Staffing. Your research has to be compared to or analyzed against BG Staffing's peers to derive any actionable benefits. When done correctly, BG Staffing's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BG Staffing.

Other Forecasting Options for BG Staffing

For every potential investor in BGSF, whether a beginner or expert, BG Staffing's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BGSF Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BGSF. Basic forecasting techniques help filter out the noise by identifying BG Staffing's price trends.

BG Staffing Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BG Staffing stock to make a market-neutral strategy. Peer analysis of BG Staffing could also be used in its relative valuation, which is a method of valuing BG Staffing by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

BG Staffing Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of BG Staffing's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of BG Staffing's current price.

BG Staffing Market Strength Events

Market strength indicators help investors to evaluate how BG Staffing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BG Staffing shares will generate the highest return on investment. By undertsting and applying BG Staffing stock market strength indicators, traders can identify BG Staffing entry and exit signals to maximize returns.

BG Staffing Risk Indicators

The analysis of BG Staffing's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in BG Staffing's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bgsf stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BG Staffing in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BG Staffing's short interest history, or implied volatility extrapolated from BG Staffing options trading.

Pair Trading with BG Staffing

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BG Staffing position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BG Staffing will appreciate offsetting losses from the drop in the long position's value.

Moving together with BGSF Stock

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Moving against BGSF Stock

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  0.46AP Ampco-PittsburghPairCorr
The ability to find closely correlated positions to BG Staffing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BG Staffing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BG Staffing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BG Staffing to buy it.
The correlation of BG Staffing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BG Staffing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BG Staffing moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BG Staffing can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether BG Staffing is a strong investment it is important to analyze BG Staffing's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BG Staffing's future performance. For an informed investment choice regarding BGSF Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of BG Staffing to cross-verify your projections.
For more detail on how to invest in BGSF Stock please use our How to Invest in BG Staffing guide.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for BGSF Stock analysis

When running BG Staffing's price analysis, check to measure BG Staffing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BG Staffing is operating at the current time. Most of BG Staffing's value examination focuses on studying past and present price action to predict the probability of BG Staffing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BG Staffing's price. Additionally, you may evaluate how the addition of BG Staffing to your portfolios can decrease your overall portfolio volatility.
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Is BG Staffing's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BG Staffing. If investors know BGSF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BG Staffing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.47)
Dividend Share
0.6
Earnings Share
(0.95)
Revenue Per Share
29.089
Quarterly Revenue Growth
(0.05)
The market value of BG Staffing is measured differently than its book value, which is the value of BGSF that is recorded on the company's balance sheet. Investors also form their own opinion of BG Staffing's value that differs from its market value or its book value, called intrinsic value, which is BG Staffing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BG Staffing's market value can be influenced by many factors that don't directly affect BG Staffing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BG Staffing's value and its price as these two are different measures arrived at by different means. Investors typically determine if BG Staffing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BG Staffing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.