Affirm Holdings Stock Forecast - Simple Exponential Smoothing
| AFRM Stock | USD 32.08 0.68 2.08% |
The Simple Exponential Smoothing forecasted value of Affirm Holdings on the next trading day is expected to be 32.10 with a mean absolute deviation of 1.23 and the sum of the absolute errors of 73.66. Affirm Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Affirm Holdings stock prices and determine the direction of Affirm Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Affirm Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Affirm Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Affirm Holdings' systematic risk associated with finding meaningful patterns of Affirm Holdings fundamentals over time.
Check out Historical Fundamental Analysis of Affirm Holdings to cross-verify your projections. Affirm |
Open Interest Against 2024-04-26 Affirm Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Affirm Holdings' 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 Affirm Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Affirm Holdings 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 Affirm Holdings' open interest, investors have to compare it to Affirm Holdings' 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 Affirm Holdings 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 Affirm. 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 Affirm 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 Affirm Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Affirm Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
Affirm Holdings 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 Affirm Holdings are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Affirm Holdings prices get older. Affirm Holdings Simple Exponential Smoothing Price Forecast For the 26th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Affirm Holdings on the next trading day is expected to be 32.10 with a mean absolute deviation of 1.23, mean absolute percentage error of 3.09, and the sum of the absolute errors of 73.66.Please note that although there have been many attempts to predict Affirm 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 Affirm Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Affirm Holdings Stock Forecast Pattern
| Backtest Affirm Holdings | Affirm Holdings Price Prediction | Buy or Sell Advice |
Affirm Holdings Forecasted Value
In the context of forecasting Affirm 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. Affirm Holdings' downside and upside margins for the forecasting period are 27.58 and 36.63, respectively. We have considered Affirm 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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Affirm Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Affirm 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 | 117.3993 |
| Bias | Arithmetic mean of the errors | 0.2323 |
| MAD | Mean absolute deviation | 1.2277 |
| MAPE | Mean absolute percentage error | 0.0327 |
| SAE | Sum of the absolute errors | 73.6618 |
Predictive Modules for Affirm 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 Affirm 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 Affirm 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 Affirm Holdings
For every potential investor in Affirm, whether a beginner or expert, Affirm Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Affirm Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Affirm. Basic forecasting techniques help filter out the noise by identifying Affirm Holdings' price trends.Affirm 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 Affirm Holdings stock to make a market-neutral strategy. Peer analysis of Affirm Holdings could also be used in its relative valuation, which is a method of valuing Affirm Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Affirm 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 Affirm 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 Affirm Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Affirm Holdings Market Strength Events
Market strength indicators help investors to evaluate how Affirm 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 Affirm Holdings shares will generate the highest return on investment. By undertsting and applying Affirm Holdings stock market strength indicators, traders can identify Affirm Holdings entry and exit signals to maximize returns.
Affirm Holdings Risk Indicators
The analysis of Affirm 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 Affirm Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting affirm 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 | 3.29 | |||
| Standard Deviation | 4.46 | |||
| Variance | 19.85 |
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.
Affirm Holdings Investors Sentiment
The influence of Affirm Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Affirm. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Affirm Holdings' public news can be used to forecast risks associated with an investment in Affirm. The trend in average sentiment can be used to explain how an investor holding Affirm can time the market purely based on public headlines and social activities around Affirm Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Affirm Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Affirm Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Affirm Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Affirm Holdings.
Affirm Holdings Implied Volatility | 131.63 |
Affirm Holdings' implied volatility exposes the market's sentiment of Affirm Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Affirm Holdings' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Affirm Holdings stock will not fluctuate a lot when Affirm Holdings' options are near their expiration.
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 Affirm Holdings 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, Affirm Holdings' short interest history, or implied volatility extrapolated from Affirm Holdings options trading.
Pair Trading with Affirm Holdings
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 Affirm Holdings 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 Affirm Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Affirm Stock
| 0.81 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Affirm Stock
| 0.73 | GB | Global Blue Group | PairCorr |
| 0.73 | NN | Nextnav Acquisition Corp Tech Boost | PairCorr |
| 0.73 | DTSS | Datasea | PairCorr |
| 0.65 | VERI | Veritone Financial Report 7th of May 2024 | PairCorr |
| 0.48 | SQ | Block Inc Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Affirm Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affirm Holdings 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 Affirm Holdings - 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 Affirm Holdings to buy it.
The correlation of Affirm Holdings 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 Affirm Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affirm Holdings 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 Affirm Holdings 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 Affirm Holdings to cross-verify your projections. To learn how to invest in Affirm Stock, please use our How to Invest in Affirm Holdings guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Affirm Stock analysis
When running Affirm Holdings' price analysis, check to measure Affirm 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 Affirm Holdings is operating at the current time. Most of Affirm Holdings' value examination focuses on studying past and present price action to predict the probability of Affirm Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Affirm Holdings' price. Additionally, you may evaluate how the addition of Affirm Holdings to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |
Is Affirm 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 Affirm Holdings. If investors know Affirm 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 Affirm Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.49) | Revenue Per Share 6.338 | Quarterly Revenue Growth 0.479 | Return On Assets (0.07) | Return On Equity (0.29) |
The market value of Affirm Holdings is measured differently than its book value, which is the value of Affirm that is recorded on the company's balance sheet. Investors also form their own opinion of Affirm Holdings' value that differs from its market value or its book value, called intrinsic value, which is Affirm 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 Affirm Holdings' market value can be influenced by many factors that don't directly affect Affirm 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 Affirm Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Affirm Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affirm 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.