Actinium Pharmaceuticals Stock Forecast - Naive Prediction

ATNM
 Stock
  

USD 5.11  0.10  1.92%   

Actinium Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Actinium Pharmaceuticals historical stock prices and determine the direction of Actinium Pharmaceuticals's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Actinium Pharmaceuticals historical fundamentals such as revenue growth or operating cash flow patterns. Although Actinium Pharmaceuticals naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Actinium Pharmaceuticals systematic risk associated with finding meaningful patterns of Actinium Pharmaceuticals fundamentals over time.
Please continue to Historical Fundamental Analysis of Actinium Pharmaceuticals to cross-verify your projections.
  
Refresh
The value of PPandE Turnover is estimated to pull down to 3.14. The value of Cash and Equivalents Turnover is expected to pull down to 0.0145. Actinium Pharmaceuticals Weighted Average Shares is relatively stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 22.19 Million. Weighted Average Shares Diluted is expected to hike to about 22.2 M this year, although the value of Issuance Purchase of Equity Shares will most likely fall to nearly 31.8 M.

Open Interest Agains t 2022-07-15 Actinium Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Actinium Pharmaceuticals stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Actinium Pharmaceuticals' open interest, investors have to compare it to Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals 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 Actinium. 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 Actinium Pharmaceuticals 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 Actinium Pharmaceuticals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Actinium Pharmaceuticals' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Actinium Pharmaceuticals is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Actinium Pharmaceuticals 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.

Actinium Pharmaceuticals Naive Prediction Price Forecast For the 27th of June

Given 90 days horizon, the Naive Prediction forecasted value of Actinium Pharmaceuticals on the next trading day is expected to be 5.11 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.14, and the sum of the absolute errors of 17.23. Please note that although there have been many attempts to predict Actinium 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 Actinium Pharmaceuticals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Actinium Pharmaceuticals Stock Forecast Pattern

Backtest Actinium PharmaceuticalsActinium Pharmaceuticals Price PredictionBuy or Sell Advice 

Actinium Pharmaceuticals Forecasted Value

In the context of forecasting Actinium Pharmaceuticals' 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. Actinium Pharmaceuticals' downside and upside margins for the forecasting period are 0.44 and 9.78, respectively. We have considered Actinium Pharmaceuticals' 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 5.11
5.11
Expected Value
9.78
Upside

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 Actinium Pharmaceuticals stock data series using in forecasting. Note that when a statistical model is used to represent Actinium Pharmaceuticals 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 Criteria116.114
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2825
MAPEMean absolute percentage error0.0492
SAESum of the absolute errors17.2344
This model is not at all useful as a medium-long range forecasting tool of Actinium Pharmaceuticals. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Actinium Pharmaceuticals. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Actinium Pharmaceuticals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Actinium Pharmaceuticals. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Actinium Pharmaceuticals' 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. Please use the tools below to analyze the current value of Actinium Pharmaceuticals in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.355.029.69
Details
Intrinsic
Valuation
LowReal ValueHigh
4.6012.6817.35
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.095.455.80
Details
3 Analysts
Consensus
LowTarget PriceHigh
25.0035.0045.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Actinium Pharmaceuticals. Your research has to be compared to or analyzed against Actinium Pharmaceuticals' peers to derive any actionable benefits. When done correctly, Actinium Pharmaceuticals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Actinium Pharmaceuticals.

Other Forecasting Options for Actinium Pharmaceuticals

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

View Currently 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 Actinium Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of Actinium Pharmaceuticals could also be used in its relative valuation, which is a method of valuing Actinium Pharmaceuticals by comparing valuation metrics with similar companies.

Actinium Pharmaceuticals 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 Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals' current price.

Actinium Pharmaceuticals Risk Indicators

The analysis of Actinium Pharmaceuticals' basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Actinium Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Actinium Pharmaceuticals stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Actinium Pharmaceuticals without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Earnings Calls Now

   

Earnings Calls

Check upcoming earnings announcements updated hourly across public exchanges
All  Next Launch Module
Please continue to Historical Fundamental Analysis of Actinium Pharmaceuticals to cross-verify your projections. Note that the Actinium Pharmaceuticals information on this page should be used as a complementary analysis to other Actinium Pharmaceuticals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Actinium Stock analysis

When running Actinium Pharmaceuticals price analysis, check to measure Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals is operating at the current time. Most of Actinium Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Actinium Pharmaceuticals' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Actinium Pharmaceuticals' price. Additionally, you may evaluate how the addition of Actinium Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Is Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals. If investors know Actinium 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 Actinium Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
121.5 M
Quarterly Revenue Growth YOY
0.51
Return On Assets
-0.21
Return On Equity
-0.35
The market value of Actinium Pharmaceuticals is measured differently than its book value, which is the value of Actinium that is recorded on the company's balance sheet. Investors also form their own opinion of Actinium Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals' market value can be influenced by many factors that don't directly affect Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine Actinium Pharmaceuticals value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Actinium Pharmaceuticals' 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.