Accuray Incorporated Stock Forecast - 20 Period Moving Average
| ARAY Stock | USD 1.76 0.00 0.00% |
The 20 Period Moving Average forecasted value of Accuray Incorporated on the next trading day is expected to be 1.71 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 9.06. Accuray Stock Forecast is based on your current time horizon.
Accuray |
Open Interest Against 2024-06-21 Accuray Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Accuray Incorporated'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 Accuray Incorporated's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Accuray Incorporated 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 Accuray Incorporated's open interest, investors have to compare it to Accuray Incorporated'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 Accuray Incorporated 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 Accuray. 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 Accuray Incorporated 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 Accuray Incorporated's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Accuray Incorporated's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Accuray Incorporated is based on a synthetically constructed Accuray Incorporateddaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Accuray Incorporated 20 Period Moving Average Price Forecast For the 21st of June
Given 90 days horizon, the 20 Period Moving Average forecasted value of Accuray Incorporated on the next trading day is expected to be 1.71 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.07, and the sum of the absolute errors of 9.06.Please note that although there have been many attempts to predict Accuray 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 Accuray Incorporated's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Accuray Incorporated Stock Forecast Pattern
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Accuray Incorporated Forecasted Value
In the context of forecasting Accuray Incorporated'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. Accuray Incorporated's downside and upside margins for the forecasting period are 0.02 and 6.78, respectively. We have considered Accuray Incorporated'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Accuray Incorporated stock data series using in forecasting. Note that when a statistical model is used to represent Accuray Incorporated 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 | 78.7267 |
| Bias | Arithmetic mean of the errors | 0.134 |
| MAD | Mean absolute deviation | 0.2209 |
| MAPE | Mean absolute percentage error | 0.1315 |
| SAE | Sum of the absolute errors | 9.0553 |
Predictive Modules for Accuray Incorporated
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Accuray Incorporated. 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 Accuray Incorporated'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 Accuray Incorporated
For every potential investor in Accuray, whether a beginner or expert, Accuray Incorporated's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Accuray Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Accuray. Basic forecasting techniques help filter out the noise by identifying Accuray Incorporated's price trends.View Accuray Incorporated Related Equities
| Risk & Return | Correlation |
Accuray Incorporated 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 Accuray Incorporated'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 Accuray Incorporated's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Accuray Incorporated Market Strength Events
Market strength indicators help investors to evaluate how Accuray Incorporated stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Accuray Incorporated shares will generate the highest return on investment. By undertsting and applying Accuray Incorporated stock market strength indicators, traders can identify Accuray Incorporated entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0937 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.83 | |||
| Day Typical Price | 1.81 | |||
| Market Facilitation Index | 0.18 | |||
| Price Action Indicator | (0.07) |
Accuray Incorporated Risk Indicators
The analysis of Accuray Incorporated'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 Accuray Incorporated's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting accuray 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 | 2.86 | |||
| Standard Deviation | 4.96 | |||
| Variance | 24.59 |
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.
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Additional Tools for Accuray Stock Analysis
When running Accuray Incorporated's price analysis, check to measure Accuray Incorporated'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 Accuray Incorporated is operating at the current time. Most of Accuray Incorporated's value examination focuses on studying past and present price action to predict the probability of Accuray Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accuray Incorporated's price. Additionally, you may evaluate how the addition of Accuray Incorporated to your portfolios can decrease your overall portfolio volatility.