I have the daily closing values so the CAPM won't work here. I am deciding between summing the daily returns and dividing that by 252 trading days or just AVERAGE(daily returns)
Go for it, you'll be able to predict EXPECTED prices but it wont be able to ever predict the market
When doing the EXPECTED price you will also have to factor in the daily averages so that there would be some type of relationship between the stock you're tracking and the general market
No one has ever found a way to calculate what the market will do, or what particular stocks will do
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