Applied UV Stock Forecast - Naive Prediction
| AUVI Stock | USD 0.59 0.02 3.51% |
The Naive Prediction forecasted value of Applied UV on the next trading day is expected to be 0.79 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.94. Applied Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Applied UV stock prices and determine the direction of Applied UV's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Applied UV's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Applied UV's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Applied UV's systematic risk associated with finding meaningful patterns of Applied UV fundamentals over time.
Check out Historical Fundamental Analysis of Applied UV to cross-verify your projections. Applied |
Most investors in Applied UV 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 Applied UV's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Applied UV's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Applied UV is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Applied UV 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. Applied UV Naive Prediction Price Forecast For the 1st of May
Given 90 days horizon, the Naive Prediction forecasted value of Applied UV on the next trading day is expected to be 0.79 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.94.Please note that although there have been many attempts to predict Applied 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 Applied UV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Applied UV Stock Forecast Pattern
| Backtest Applied UV | Applied UV Price Prediction | Buy or Sell Advice |
Applied UV Forecasted Value
In the context of forecasting Applied UV'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. Applied UV's downside and upside margins for the forecasting period are 0.01 and 6.43, respectively. We have considered Applied UV'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Applied UV stock data series using in forecasting. Note that when a statistical model is used to represent Applied UV 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 | 115.6683 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0957 |
| MAPE | Mean absolute percentage error | 0.0802 |
| SAE | Sum of the absolute errors | 5.9363 |
Predictive Modules for Applied UV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Applied UV. 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 Applied UV'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 Applied UV
For every potential investor in Applied, whether a beginner or expert, Applied UV's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Applied Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Applied. Basic forecasting techniques help filter out the noise by identifying Applied UV's price trends.Applied UV 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 Applied UV stock to make a market-neutral strategy. Peer analysis of Applied UV could also be used in its relative valuation, which is a method of valuing Applied UV by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Applied UV 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 Applied UV'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 Applied UV's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Applied UV Market Strength Events
Market strength indicators help investors to evaluate how Applied UV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Applied UV shares will generate the highest return on investment. By undertsting and applying Applied UV stock market strength indicators, traders can identify Applied UV entry and exit signals to maximize returns.
Applied UV Risk Indicators
The analysis of Applied UV'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 Applied UV's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting applied 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 | 4.2 | |||
| Standard Deviation | 5.85 | |||
| Variance | 34.16 |
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 Applied UV 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, Applied UV's short interest history, or implied volatility extrapolated from Applied UV options trading.
Pair Trading with Applied UV
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 Applied UV 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 Applied UV will appreciate offsetting losses from the drop in the long position's value.Moving together with Applied Stock
| 0.82 | VIOT | Viomi Technology ADR | PairCorr |
Moving against Applied Stock
| 0.9 | SN | SharkNinja | PairCorr |
| 0.9 | FLXS | Flexsteel Industries Earnings Call Today | PairCorr |
| 0.89 | KEQU | Kewaunee Scientific | PairCorr |
| 0.72 | HBB | Hamilton Beach Brands | PairCorr |
| 0.67 | LCUT | Lifetime Brands Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Applied UV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied UV 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 Applied UV - 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 Applied UV to buy it.
The correlation of Applied UV 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 Applied UV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied UV 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 Applied UV 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 Applied UV to cross-verify your projections. For more detail on how to invest in Applied Stock please use our How to Invest in Applied UV guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Applied Stock analysis
When running Applied UV's price analysis, check to measure Applied UV'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 Applied UV is operating at the current time. Most of Applied UV's value examination focuses on studying past and present price action to predict the probability of Applied UV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied UV's price. Additionally, you may evaluate how the addition of Applied UV to your portfolios can decrease your overall portfolio volatility.
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Is Applied UV'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 Applied UV. If investors know Applied 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 Applied UV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (40.00) | Revenue Per Share 109.88 | Quarterly Revenue Growth 0.555 | Return On Assets (0.18) | Return On Equity (0.63) |
The market value of Applied UV is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied UV's value that differs from its market value or its book value, called intrinsic value, which is Applied UV'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 Applied UV's market value can be influenced by many factors that don't directly affect Applied UV'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 Applied UV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied UV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied UV'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.