Affimed NV Stock Forecast - Simple Exponential Smoothing
| AFMD Stock | USD 4.88 0.47 8.79% |
The Simple Exponential Smoothing forecasted value of Affimed NV on the next trading day is expected to be 4.88 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 14.10. Affimed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Affimed NV stock prices and determine the direction of Affimed NV's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Affimed NV's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Affimed NV's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Affimed NV's systematic risk associated with finding meaningful patterns of Affimed NV fundamentals over time.
Check out Historical Fundamental Analysis of Affimed NV to cross-verify your projections. Affimed |
Open Interest Against 2024-05-17 Affimed Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Affimed NV'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 Affimed NV's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Affimed NV 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 Affimed NV's open interest, investors have to compare it to Affimed NV'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 Affimed NV 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 Affimed. 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 Affimed NV 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 Affimed NV's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Affimed NV's price structures and extracts relationships that further increase the generated results' accuracy.
Affimed NV simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Affimed NV are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Affimed NV prices get older. Affimed NV Simple Exponential Smoothing Price Forecast For the 26th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Affimed NV on the next trading day is expected to be 4.88 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.1, and the sum of the absolute errors of 14.10.Please note that although there have been many attempts to predict Affimed 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 Affimed NV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Affimed NV Stock Forecast Pattern
| Backtest Affimed NV | Affimed NV Price Prediction | Buy or Sell Advice |
Affimed NV Forecasted Value
In the context of forecasting Affimed NV'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. Affimed NV's downside and upside margins for the forecasting period are 0.05 and 10.51, respectively. We have considered Affimed NV'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Affimed NV stock data series using in forecasting. Note that when a statistical model is used to represent Affimed NV 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 | 115.8024 |
| Bias | Arithmetic mean of the errors | 0.0118 |
| MAD | Mean absolute deviation | 0.2311 |
| MAPE | Mean absolute percentage error | 0.0415 |
| SAE | Sum of the absolute errors | 14.1 |
Predictive Modules for Affimed NV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Affimed NV. 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 Affimed NV'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 Affimed NV
For every potential investor in Affimed, whether a beginner or expert, Affimed NV's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Affimed Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Affimed. Basic forecasting techniques help filter out the noise by identifying Affimed NV's price trends.View Affimed NV Related Equities
| Risk & Return | Correlation |
Affimed NV 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 Affimed NV'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 Affimed NV's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Affimed NV Market Strength Events
Market strength indicators help investors to evaluate how Affimed NV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Affimed NV shares will generate the highest return on investment. By undertsting and applying Affimed NV stock market strength indicators, traders can identify Affimed NV entry and exit signals to maximize returns.
Affimed NV Risk Indicators
The analysis of Affimed NV'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 Affimed NV's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting affimed 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 | 3.82 | |||
| Standard Deviation | 5.36 | |||
| Variance | 28.69 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Affimed NV in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Affimed NV's short interest history, or implied volatility extrapolated from Affimed NV options trading.
Pair Trading with Affimed NV
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 Affimed NV 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 Affimed NV will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Affimed NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affimed NV 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 Affimed NV - 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 Affimed NV to buy it.
The correlation of Affimed NV 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 Affimed NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affimed NV 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 Affimed NV 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.Check out Historical Fundamental Analysis of Affimed NV to cross-verify your projections. For information on how to trade Affimed Stock refer to our How to Trade Affimed Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Affimed Stock analysis
When running Affimed NV's price analysis, check to measure Affimed NV'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 Affimed NV is operating at the current time. Most of Affimed NV's value examination focuses on studying past and present price action to predict the probability of Affimed NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Affimed NV's price. Additionally, you may evaluate how the addition of Affimed NV to your portfolios can decrease your overall portfolio volatility.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |
Is Affimed NV'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 Affimed NV. If investors know Affimed 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 Affimed NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.56) | Revenue Per Share 0.931 | Quarterly Revenue Growth (0.58) | Return On Assets (0.43) | Return On Equity (1.01) |
The market value of Affimed NV is measured differently than its book value, which is the value of Affimed that is recorded on the company's balance sheet. Investors also form their own opinion of Affimed NV's value that differs from its market value or its book value, called intrinsic value, which is Affimed NV'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 Affimed NV's market value can be influenced by many factors that don't directly affect Affimed NV'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 Affimed NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Affimed NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affimed NV'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.