Aditxt Stock Forecast - Double Exponential Smoothing

ADTX Stock  USD 3.04  0.07  2.25%   
The Double Exponential Smoothing forecasted value of Aditxt Inc on the next trading day is expected to be 3.00 with a mean absolute deviation of  0.18  and the sum of the absolute errors of 10.77. Aditxt Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Aditxt stock prices and determine the direction of Aditxt Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Aditxt's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Aditxt's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Aditxt's systematic risk associated with finding meaningful patterns of Aditxt fundamentals over time.
Check out Historical Fundamental Analysis of Aditxt to cross-verify your projections.
  
At this time, Aditxt's Payables Turnover is fairly stable compared to the past year. Fixed Asset Turnover is likely to rise to 0.16 in 2024, whereas Inventory Turnover is likely to drop 0.38 in 2024. . Common Stock Shares Outstanding is likely to drop to about 39.6 K in 2024. Net Loss is likely to drop to about (26.1 M) in 2024.
Most investors in Aditxt 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 Aditxt's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Aditxt's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Aditxt works best with periods where there are trends or seasonality.

Aditxt Double Exponential Smoothing Price Forecast For the 29th of March

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Aditxt Inc on the next trading day is expected to be 3.00 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.07, and the sum of the absolute errors of 10.77.
Please note that although there have been many attempts to predict Aditxt 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 Aditxt's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Aditxt Stock Forecast Pattern

Backtest AditxtAditxt Price PredictionBuy or Sell Advice 

Aditxt Forecasted Value

In the context of forecasting Aditxt'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. Aditxt's downside and upside margins for the forecasting period are 0.03 and 9.07, respectively. We have considered Aditxt'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
3.04
3.00
Expected Value
9.07
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Aditxt stock data series using in forecasting. Note that when a statistical model is used to represent Aditxt 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 CriteriaHuge
BiasArithmetic mean of the errors 0.0354
MADMean absolute deviation0.1826
MAPEMean absolute percentage error0.0443
SAESum of the absolute errors10.7714
When Aditxt Inc prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Aditxt Inc trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Aditxt observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Aditxt

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aditxt 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 Aditxt'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
0.152.969.03
Details
Intrinsic
Valuation
LowRealHigh
2.7417.5023.57
Details
1 Analysts
Consensus
LowTargetHigh
55.5161.0067.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aditxt. Your research has to be compared to or analyzed against Aditxt's peers to derive any actionable benefits. When done correctly, Aditxt's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Aditxt Inc.

Other Forecasting Options for Aditxt

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

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

Aditxt 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 Aditxt'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 Aditxt's current price.

Aditxt Market Strength Events

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

Aditxt Risk Indicators

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

Pair Trading with Aditxt

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aditxt position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aditxt will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aditxt Stock

  0.75MBRX Moleculin Biotech Upward RallyPairCorr
  0.74MCRB Seres Therapeutics Financial Report 14th of May 2024 PairCorr

Moving against Aditxt Stock

  0.84DNTH Dianthus Therapeutics Symbol ChangePairCorr
  0.71MGNX MacroGenics Financial Report 14th of May 2024 PairCorr
  0.69MRK Merck Company Fiscal Quarter End 31st of March 2024 PairCorr
  0.68EQ Equillium Financial Report 9th of May 2024 PairCorr
  0.64MDWD Mediwound Financial Report 4th of June 2024 PairCorr
The ability to find closely correlated positions to Aditxt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aditxt when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aditxt - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aditxt Inc to buy it.
The correlation of Aditxt is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aditxt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aditxt Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aditxt can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Aditxt Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aditxt'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 Aditxt Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aditxt Inc Stock:
Check out Historical Fundamental Analysis of Aditxt to cross-verify your projections.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Aditxt's price analysis, check to measure Aditxt'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 Aditxt is operating at the current time. Most of Aditxt's value examination focuses on studying past and present price action to predict the probability of Aditxt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aditxt's price. Additionally, you may evaluate how the addition of Aditxt to your portfolios can decrease your overall portfolio volatility.
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Is Aditxt'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 Aditxt. If investors know Aditxt 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 Aditxt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(12.00)
Revenue Per Share
5.194
Quarterly Revenue Growth
(0.61)
Return On Assets
(1.18)
Return On Equity
(6.99)
The market value of Aditxt Inc is measured differently than its book value, which is the value of Aditxt that is recorded on the company's balance sheet. Investors also form their own opinion of Aditxt's value that differs from its market value or its book value, called intrinsic value, which is Aditxt'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 Aditxt's market value can be influenced by many factors that don't directly affect Aditxt'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 Aditxt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aditxt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aditxt'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.