AquaBounty Technologies Stock Forecast - Naive Prediction
| AQB Stock | USD 1.82 0.01 0.55% |
The Naive Prediction forecasted value of AquaBounty Technologies on the next trading day is expected to be 1.82 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.65. AquaBounty Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AquaBounty Technologies stock prices and determine the direction of AquaBounty Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AquaBounty Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although AquaBounty Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AquaBounty Technologies' systematic risk associated with finding meaningful patterns of AquaBounty Technologies fundamentals over time.
Check out Historical Fundamental Analysis of AquaBounty Technologies to cross-verify your projections. AquaBounty |
Most investors in AquaBounty Technologies 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 AquaBounty Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AquaBounty Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for AquaBounty Technologies is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of AquaBounty Technologies 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. AquaBounty Technologies Naive Prediction Price Forecast For the 26th of April
Given 90 days horizon, the Naive Prediction forecasted value of AquaBounty Technologies on the next trading day is expected to be 1.82 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.65.Please note that although there have been many attempts to predict AquaBounty 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 AquaBounty Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AquaBounty Technologies Stock Forecast Pattern
| Backtest AquaBounty Technologies | AquaBounty Technologies Price Prediction | Buy or Sell Advice |
AquaBounty Technologies Forecasted Value
In the context of forecasting AquaBounty Technologies' 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. AquaBounty Technologies' downside and upside margins for the forecasting period are 0.02 and 5.25, respectively. We have considered AquaBounty Technologies' 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 AquaBounty Technologies stock data series using in forecasting. Note that when a statistical model is used to represent AquaBounty Technologies 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 | 114.7021 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0589 |
| MAPE | Mean absolute percentage error | 0.0265 |
| SAE | Sum of the absolute errors | 3.6505 |
Predictive Modules for AquaBounty Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AquaBounty Technologies. 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 AquaBounty Technologies' 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 AquaBounty Technologies
For every potential investor in AquaBounty, whether a beginner or expert, AquaBounty Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AquaBounty Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AquaBounty. Basic forecasting techniques help filter out the noise by identifying AquaBounty Technologies' price trends.AquaBounty Technologies 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 AquaBounty Technologies stock to make a market-neutral strategy. Peer analysis of AquaBounty Technologies could also be used in its relative valuation, which is a method of valuing AquaBounty Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AquaBounty Technologies 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 AquaBounty Technologies' 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 AquaBounty Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AquaBounty Technologies Market Strength Events
Market strength indicators help investors to evaluate how AquaBounty Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AquaBounty Technologies shares will generate the highest return on investment. By undertsting and applying AquaBounty Technologies stock market strength indicators, traders can identify AquaBounty Technologies entry and exit signals to maximize returns.
AquaBounty Technologies Risk Indicators
The analysis of AquaBounty Technologies' 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 AquaBounty Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aquabounty 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 | 3.0 | |||
| Semi Deviation | 3.22 | |||
| Standard Deviation | 4.68 | |||
| Variance | 21.91 | |||
| Downside Variance | 11.31 | |||
| Semi Variance | 10.38 | |||
| Expected Short fall | (3.70) |
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 AquaBounty Technologies 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, AquaBounty Technologies' short interest history, or implied volatility extrapolated from AquaBounty Technologies options trading.
Pair Trading with AquaBounty Technologies
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 AquaBounty Technologies 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 AquaBounty Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with AquaBounty Stock
| 0.76 | KA | Kineta Inc Financial Report 9th of May 2024 | PairCorr |
| 0.76 | ME | 23Andme Holding | PairCorr |
Moving against AquaBounty Stock
| 0.89 | YS | YS Biopharma | PairCorr |
| 0.83 | DSGN | Design Therapeutics Financial Report 14th of May 2024 | PairCorr |
| 0.75 | DOMH | Dominari Holdings | PairCorr |
| 0.64 | VIRX | Viracta Therapeutics Financial Report 13th of May 2024 | PairCorr |
| 0.45 | VIRI | Virios Therapeutics Llc Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to AquaBounty Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AquaBounty Technologies 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 AquaBounty Technologies - 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 AquaBounty Technologies to buy it.
The correlation of AquaBounty Technologies 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 AquaBounty Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AquaBounty Technologies 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 AquaBounty Technologies 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 AquaBounty Technologies to cross-verify your projections. For information on how to trade AquaBounty Stock refer to our How to Trade AquaBounty Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for AquaBounty Stock analysis
When running AquaBounty Technologies' price analysis, check to measure AquaBounty Technologies' 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 AquaBounty Technologies is operating at the current time. Most of AquaBounty Technologies' value examination focuses on studying past and present price action to predict the probability of AquaBounty Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AquaBounty Technologies' price. Additionally, you may evaluate how the addition of AquaBounty Technologies to your portfolios can decrease your overall portfolio volatility.
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Is AquaBounty Technologies' 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 AquaBounty Technologies. If investors know AquaBounty 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 AquaBounty Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.17) | Revenue Per Share 0.643 | Quarterly Revenue Growth 0.227 | Return On Assets (0.09) | Return On Equity (0.15) |
The market value of AquaBounty Technologies is measured differently than its book value, which is the value of AquaBounty that is recorded on the company's balance sheet. Investors also form their own opinion of AquaBounty Technologies' value that differs from its market value or its book value, called intrinsic value, which is AquaBounty Technologies' 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 AquaBounty Technologies' market value can be influenced by many factors that don't directly affect AquaBounty Technologies' 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 AquaBounty Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if AquaBounty Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AquaBounty Technologies' 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.