Spectaire Holdings Stock Forecast - Naive Prediction
| SPEC Stock | USD 0.47 0.07 12.96% |
The Naive Prediction forecasted value of Spectaire Holdings on the next trading day is expected to be 0.48 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.72. Spectaire Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Spectaire Holdings stock prices and determine the direction of Spectaire Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Spectaire Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Spectaire Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Spectaire Holdings' systematic risk associated with finding meaningful patterns of Spectaire Holdings fundamentals over time.
Check out Historical Fundamental Analysis of Spectaire Holdings to cross-verify your projections. Spectaire |
Most investors in Spectaire Holdings 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 Spectaire Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Spectaire Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Spectaire Holdings is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Spectaire Holdings 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. Spectaire Holdings Naive Prediction Price Forecast For the 20th of May
Given 90 days horizon, the Naive Prediction forecasted value of Spectaire Holdings on the next trading day is expected to be 0.48 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.72.Please note that although there have been many attempts to predict Spectaire 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 Spectaire Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Spectaire Holdings Stock Forecast Pattern
| Backtest Spectaire Holdings | Spectaire Holdings Price Prediction | Buy or Sell Advice |
Spectaire Holdings Forecasted Value
In the context of forecasting Spectaire Holdings' 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. Spectaire Holdings' downside and upside margins for the forecasting period are 0 and 7.44, respectively. We have considered Spectaire Holdings' 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 Spectaire Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Spectaire Holdings 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 | 112.5296 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0445 |
| MAPE | Mean absolute percentage error | 0.0562 |
| SAE | Sum of the absolute errors | 2.7168 |
Predictive Modules for Spectaire Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spectaire Holdings. 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 Spectaire Holdings' 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 Spectaire Holdings
For every potential investor in Spectaire, whether a beginner or expert, Spectaire Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Spectaire Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Spectaire. Basic forecasting techniques help filter out the noise by identifying Spectaire Holdings' price trends.Spectaire Holdings 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 Spectaire Holdings stock to make a market-neutral strategy. Peer analysis of Spectaire Holdings could also be used in its relative valuation, which is a method of valuing Spectaire Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Spectaire Holdings 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 Spectaire Holdings' 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 Spectaire Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Spectaire Holdings Market Strength Events
Market strength indicators help investors to evaluate how Spectaire Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spectaire Holdings shares will generate the highest return on investment. By undertsting and applying Spectaire Holdings stock market strength indicators, traders can identify Spectaire Holdings entry and exit signals to maximize returns.
Spectaire Holdings Risk Indicators
The analysis of Spectaire Holdings' 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 Spectaire Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting spectaire 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 | 4.6 | |||
| Standard Deviation | 6.86 | |||
| Variance | 47.12 |
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 Spectaire Holdings is a strong investment it is important to analyze Spectaire Holdings' 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 Spectaire Holdings' future performance. For an informed investment choice regarding Spectaire Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Spectaire Holdings to cross-verify your projections. For information on how to trade Spectaire Stock refer to our How to Trade Spectaire Stock guide.Note that the Spectaire Holdings information on this page should be used as a complementary analysis to other Spectaire Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Spectaire Stock analysis
When running Spectaire Holdings' price analysis, check to measure Spectaire Holdings' 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 Spectaire Holdings is operating at the current time. Most of Spectaire Holdings' value examination focuses on studying past and present price action to predict the probability of Spectaire Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spectaire Holdings' price. Additionally, you may evaluate how the addition of Spectaire Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Spectaire Holdings' 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 Spectaire Holdings. If investors know Spectaire 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 Spectaire Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Spectaire Holdings is measured differently than its book value, which is the value of Spectaire that is recorded on the company's balance sheet. Investors also form their own opinion of Spectaire Holdings' value that differs from its market value or its book value, called intrinsic value, which is Spectaire Holdings' 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 Spectaire Holdings' market value can be influenced by many factors that don't directly affect Spectaire Holdings' 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 Spectaire Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spectaire Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spectaire Holdings' 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.