Tennant Stock Forecast - Simple Moving Average
| TNC Stock | USD 80.78 0.74 0.91% |
The Simple Moving Average forecasted value of Tennant Company on the next trading day is expected to be 80.78 with a mean absolute deviation of 1.24 and the sum of the absolute errors of 74.41. Tennant Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Tennant stock prices and determine the direction of Tennant Company's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Tennant's historical fundamentals, such as revenue growth or operating cash flow patterns.
Tennant |
Tennant Simple Moving Average Price Forecast For the 29th of December
Given 90 days horizon, the Simple Moving Average forecasted value of Tennant Company on the next trading day is expected to be 80.78 with a mean absolute deviation of 1.24, mean absolute percentage error of 3.44, and the sum of the absolute errors of 74.41.Please note that although there have been many attempts to predict Tennant 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 Tennant's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tennant Stock Forecast Pattern
| Backtest Tennant | Tennant Price Prediction | Buy or Sell Advice |
Tennant Forecasted Value
In the context of forecasting Tennant'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. Tennant's downside and upside margins for the forecasting period are 78.91 and 82.65, respectively. We have considered Tennant'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Tennant stock data series using in forecasting. Note that when a statistical model is used to represent Tennant 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 | 117.5068 |
| Bias | Arithmetic mean of the errors | 0.2648 |
| MAD | Mean absolute deviation | 1.2402 |
| MAPE | Mean absolute percentage error | 0.0142 |
| SAE | Sum of the absolute errors | 74.415 |
Predictive Modules for Tennant
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tennant Company. 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.Other Forecasting Options for Tennant
For every potential investor in Tennant, whether a beginner or expert, Tennant's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tennant Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tennant. Basic forecasting techniques help filter out the noise by identifying Tennant's price trends.Tennant 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 Tennant stock to make a market-neutral strategy. Peer analysis of Tennant could also be used in its relative valuation, which is a method of valuing Tennant by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tennant Company 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 Tennant'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 Tennant's current price.| Cycle Indicators | ||
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| Volume Indicators |
Tennant Market Strength Events
Market strength indicators help investors to evaluate how Tennant stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tennant shares will generate the highest return on investment. By undertsting and applying Tennant stock market strength indicators, traders can identify Tennant Company entry and exit signals to maximize returns.
| Accumulation Distribution | 1685.85 | |||
| Daily Balance Of Power | (0.46) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 81.02 | |||
| Day Typical Price | 80.94 | |||
| Price Action Indicator | (0.61) | |||
| Period Momentum Indicator | (0.74) |
Tennant Risk Indicators
The analysis of Tennant'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 Tennant's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tennant 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.
| Mean Deviation | 1.25 | |||
| Standard Deviation | 1.86 | |||
| Variance | 3.45 |
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 Tennant Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tennant'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 Tennant Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tennant Company Stock:Check out Historical Fundamental Analysis of Tennant to cross-verify your projections. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Industrial Machinery & Supplies & Components 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 Tennant. If investors know Tennant 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 Tennant 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 (0.1) | Dividend Share 1.12 | Earnings Share 5.67 | Revenue Per Share 67.733 | Quarterly Revenue Growth 0.036 |
The market value of Tennant Company is measured differently than its book value, which is the value of Tennant that is recorded on the company's balance sheet. Investors also form their own opinion of Tennant's value that differs from its market value or its book value, called intrinsic value, which is Tennant'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 Tennant's market value can be influenced by many factors that don't directly affect Tennant'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 Tennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tennant'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.