BioatlaInc Stock Forecast - Simple Moving Average

BCAB Stock  USD 2.43  0.10  3.95%   
The Simple Moving Average forecasted value of BioatlaInc on the next trading day is expected to be 2.43 with a mean absolute deviation of  0.16  and the sum of the absolute errors of 9.68. BioatlaInc Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BioatlaInc stock prices and determine the direction of BioatlaInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BioatlaInc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although BioatlaInc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BioatlaInc's systematic risk associated with finding meaningful patterns of BioatlaInc fundamentals over time.
Check out Historical Fundamental Analysis of BioatlaInc to cross-verify your projections.
For information on how to trade BioatlaInc Stock refer to our How to Trade BioatlaInc Stock guide.
  
As of April 19, 2024, Payables Turnover is expected to decline to 0.28. In addition to that, Fixed Asset Turnover is expected to decline to 0.04. As of April 19, 2024, Common Stock Shares Outstanding is expected to decline to about 38.5 M. The current year's Net Loss is expected to grow to about (91 M).

Open Interest Against 2024-04-19 BioatlaInc Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast BioatlaInc'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 BioatlaInc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for BioatlaInc 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 BioatlaInc's open interest, investors have to compare it to BioatlaInc'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 BioatlaInc 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 BioatlaInc. 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 BioatlaInc 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 BioatlaInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BioatlaInc's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for BioatlaInc is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

BioatlaInc Simple Moving Average Price Forecast For the 20th of April

Given 90 days horizon, the Simple Moving Average forecasted value of BioatlaInc on the next trading day is expected to be 2.43 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.05, and the sum of the absolute errors of 9.68.
Please note that although there have been many attempts to predict BioatlaInc 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 BioatlaInc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

BioatlaInc Stock Forecast Pattern

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BioatlaInc Forecasted Value

In the context of forecasting BioatlaInc'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. BioatlaInc's downside and upside margins for the forecasting period are 0.02 and 9.86, respectively. We have considered BioatlaInc'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.
Market Value
2.43
2.43
Expected Value
9.86
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of BioatlaInc stock data series using in forecasting. Note that when a statistical model is used to represent BioatlaInc 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 Criteria111.5026
BiasArithmetic mean of the errors -0.0082
MADMean absolute deviation0.164
MAPEMean absolute percentage error0.0597
SAESum of the absolute errors9.675
The simple moving average model is conceptually a linear regression of the current value of BioatlaInc price series against current and previous (unobserved) value of BioatlaInc. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for BioatlaInc

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BioatlaInc. 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 BioatlaInc'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.
Hype
Prediction
LowEstimatedHigh
0.122.349.77
Details
Intrinsic
Valuation
LowRealHigh
0.265.2712.70
Details
5 Analysts
Consensus
LowTargetHigh
12.7414.0015.54
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.6-0.6-0.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BioatlaInc. Your research has to be compared to or analyzed against BioatlaInc's peers to derive any actionable benefits. When done correctly, BioatlaInc's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BioatlaInc.

Other Forecasting Options for BioatlaInc

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

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 Risk & Return  Correlation

BioatlaInc 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 BioatlaInc'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 BioatlaInc's current price.

BioatlaInc Market Strength Events

Market strength indicators help investors to evaluate how BioatlaInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BioatlaInc shares will generate the highest return on investment. By undertsting and applying BioatlaInc stock market strength indicators, traders can identify BioatlaInc entry and exit signals to maximize returns.

BioatlaInc Risk Indicators

The analysis of BioatlaInc'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 BioatlaInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bioatlainc 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.
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 BioatlaInc 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, BioatlaInc's short interest history, or implied volatility extrapolated from BioatlaInc options trading.

Pair Trading with BioatlaInc

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 BioatlaInc 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 BioatlaInc will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to BioatlaInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioatlaInc 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 BioatlaInc - 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 BioatlaInc to buy it.
The correlation of BioatlaInc 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 BioatlaInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BioatlaInc 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 BioatlaInc 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.
Pair CorrelationCorrelation Matching
When determining whether BioatlaInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BioatlaInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bioatlainc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bioatlainc Stock:
Check out Historical Fundamental Analysis of BioatlaInc to cross-verify your projections.
For information on how to trade BioatlaInc Stock refer to our How to Trade BioatlaInc Stock guide.
Note that the BioatlaInc information on this page should be used as a complementary analysis to other BioatlaInc's 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 the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for BioatlaInc Stock analysis

When running BioatlaInc's price analysis, check to measure BioatlaInc'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 BioatlaInc is operating at the current time. Most of BioatlaInc's value examination focuses on studying past and present price action to predict the probability of BioatlaInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioatlaInc's price. Additionally, you may evaluate how the addition of BioatlaInc to your portfolios can decrease your overall portfolio volatility.
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Is BioatlaInc'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 BioatlaInc. If investors know BioatlaInc 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 BioatlaInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.58)
Quarterly Revenue Growth
0.316
Return On Assets
(0.47)
Return On Equity
(0.98)
The market value of BioatlaInc is measured differently than its book value, which is the value of BioatlaInc that is recorded on the company's balance sheet. Investors also form their own opinion of BioatlaInc's value that differs from its market value or its book value, called intrinsic value, which is BioatlaInc'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 BioatlaInc's market value can be influenced by many factors that don't directly affect BioatlaInc'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 BioatlaInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if BioatlaInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BioatlaInc'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.