PTC Stock Forecast - Simple Regression

PTC Stock  USD 192.83  2.78  1.46%   
The Simple Regression forecasted value of PTC Inc on the next trading day is expected to be 189.38 with a mean absolute deviation of 3.00 and the sum of the absolute errors of 183.29. PTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PTC stock prices and determine the direction of PTC Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PTC's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, PTC's Fixed Asset Turnover is projected to decrease significantly based on the last few years of reporting. . The current year's Net Income Applicable To Common Shares is expected to grow to about 296.5 M, whereas Common Stock Shares Outstanding is forecasted to decline to 2,964.
Simple Regression model is a single variable regression model that attempts to put a straight line through PTC price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

PTC Simple Regression Price Forecast For the 11th of November 2024

Given 90 days horizon, the Simple Regression forecasted value of PTC Inc on the next trading day is expected to be 189.38 with a mean absolute deviation of 3.00, mean absolute percentage error of 14.29, and the sum of the absolute errors of 183.29.
Please note that although there have been many attempts to predict PTC 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 PTC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

PTC Stock Forecast Pattern

Backtest PTCPTC Price PredictionBuy or Sell Advice 

PTC Forecasted Value

In the context of forecasting PTC'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. PTC's downside and upside margins for the forecasting period are 187.91 and 190.85, respectively. We have considered PTC'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
192.83
187.91
Downside
189.38
Expected Value
190.85
Upside

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 PTC stock data series using in forecasting. Note that when a statistical model is used to represent PTC 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 Criteria120.7698
BiasArithmetic mean of the errors None
MADMean absolute deviation3.0048
MAPEMean absolute percentage error0.0169
SAESum of the absolute errors183.2943
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 PTC Inc historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for PTC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PTC Inc. 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 PTC'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
190.85192.32193.79
Details
Intrinsic
Valuation
LowRealHigh
171.50172.97212.11
Details
Bollinger
Band Projection (param)
LowMiddleHigh
174.50184.54194.58
Details
20 Analysts
Consensus
LowTargetHigh
151.61166.60184.93
Details

Other Forecasting Options for PTC

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

PTC 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 PTC stock to make a market-neutral strategy. Peer analysis of PTC could also be used in its relative valuation, which is a method of valuing PTC by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

PTC Inc 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 PTC'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 PTC's current price.

PTC Market Strength Events

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

PTC Risk Indicators

The analysis of PTC'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 PTC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ptc 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether PTC Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PTC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ptc Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ptc Inc Stock:
Check out Historical Fundamental Analysis of PTC to cross-verify your projections.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Application Software space 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 PTC. If investors know PTC 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 PTC 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
1.728
Earnings Share
3.12
Revenue Per Share
19.205
Quarterly Revenue Growth
0.146
Return On Assets
0.0582
The market value of PTC Inc is measured differently than its book value, which is the value of PTC that is recorded on the company's balance sheet. Investors also form their own opinion of PTC's value that differs from its market value or its book value, called intrinsic value, which is PTC'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 PTC's market value can be influenced by many factors that don't directly affect PTC'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 PTC's value and its price as these two are different measures arrived at by different means. Investors typically determine if PTC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PTC'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.