AirbnbInc Stock Forecast - Naive Prediction
ABNB Stock | USD 146.17 0.51 0.35% |
The Naive Prediction forecasted value of AirbnbInc on the next trading day is expected to be 140.77 with a mean absolute deviation of 2.45 and the sum of the absolute errors of 149.34. AirbnbInc Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AirbnbInc stock prices and determine the direction of AirbnbInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AirbnbInc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although AirbnbInc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AirbnbInc's systematic risk associated with finding meaningful patterns of AirbnbInc fundamentals over time.
Check out Historical Fundamental Analysis of AirbnbInc to cross-verify your projections. AirbnbInc |
Open Interest Against 2024-05-24 AirbnbInc Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast AirbnbInc'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 AirbnbInc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for AirbnbInc 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 AirbnbInc's open interest, investors have to compare it to AirbnbInc'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 AirbnbInc 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 AirbnbInc. 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 AirbnbInc 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 AirbnbInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AirbnbInc's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for AirbnbInc is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of AirbnbInc value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. AirbnbInc Naive Prediction Price Forecast For the 21st of May
Given 90 days horizon, the Naive Prediction forecasted value of AirbnbInc on the next trading day is expected to be 140.77 with a mean absolute deviation of 2.45, mean absolute percentage error of 8.83, and the sum of the absolute errors of 149.34.Please note that although there have been many attempts to predict AirbnbInc 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 AirbnbInc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AirbnbInc Stock Forecast Pattern
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AirbnbInc Forecasted Value
In the context of forecasting AirbnbInc'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. AirbnbInc's downside and upside margins for the forecasting period are 138.92 and 142.62, respectively. We have considered AirbnbInc'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of AirbnbInc stock data series using in forecasting. Note that when a statistical model is used to represent AirbnbInc 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 | 120.2888 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 2.4483 |
MAPE | Mean absolute percentage error | 0.0155 |
SAE | Sum of the absolute errors | 149.3445 |
Predictive Modules for AirbnbInc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AirbnbInc. 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 AirbnbInc'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.
Other Forecasting Options for AirbnbInc
For every potential investor in AirbnbInc, whether a beginner or expert, AirbnbInc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AirbnbInc Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AirbnbInc. Basic forecasting techniques help filter out the noise by identifying AirbnbInc's price trends.AirbnbInc 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 AirbnbInc stock to make a market-neutral strategy. Peer analysis of AirbnbInc could also be used in its relative valuation, which is a method of valuing AirbnbInc by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
AirbnbInc 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 AirbnbInc'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 AirbnbInc's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
AirbnbInc Market Strength Events
Market strength indicators help investors to evaluate how AirbnbInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AirbnbInc shares will generate the highest return on investment. By undertsting and applying AirbnbInc stock market strength indicators, traders can identify AirbnbInc entry and exit signals to maximize returns.
AirbnbInc Risk Indicators
The analysis of AirbnbInc'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 AirbnbInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting airbnbinc 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 | 1.59 | |||
Standard Deviation | 2.07 | |||
Variance | 4.29 |
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 AirbnbInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AirbnbInc'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 Airbnbinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Airbnbinc Stock:Check out Historical Fundamental Analysis of AirbnbInc to cross-verify your projections. For information on how to trade AirbnbInc Stock refer to our How to Trade AirbnbInc Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running AirbnbInc's price analysis, check to measure AirbnbInc'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 AirbnbInc is operating at the current time. Most of AirbnbInc's value examination focuses on studying past and present price action to predict the probability of AirbnbInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AirbnbInc's price. Additionally, you may evaluate how the addition of AirbnbInc to your portfolios can decrease your overall portfolio volatility.
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Is AirbnbInc'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 AirbnbInc. If investors know AirbnbInc 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 AirbnbInc 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 1.301 | Earnings Share 7.47 | Revenue Per Share 16.052 | Quarterly Revenue Growth 0.178 | Return On Assets 0.0456 |
The market value of AirbnbInc is measured differently than its book value, which is the value of AirbnbInc that is recorded on the company's balance sheet. Investors also form their own opinion of AirbnbInc's value that differs from its market value or its book value, called intrinsic value, which is AirbnbInc'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 AirbnbInc's market value can be influenced by many factors that don't directly affect AirbnbInc'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 AirbnbInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if AirbnbInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AirbnbInc'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.