Beam TherapeuticsInc Stock Forecast - Simple Regression
| BEAM Stock | USD 24.31 1.39 5.41% |
The Simple Regression forecasted value of Beam TherapeuticsInc on the next trading day is expected to be 32.36 with a mean absolute deviation of 4.26 and the sum of the absolute errors of 259.88. Beam Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Beam TherapeuticsInc stock prices and determine the direction of Beam TherapeuticsInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Beam TherapeuticsInc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Beam TherapeuticsInc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Beam TherapeuticsInc's systematic risk associated with finding meaningful patterns of Beam TherapeuticsInc fundamentals over time.
Check out Historical Fundamental Analysis of Beam TherapeuticsInc to cross-verify your projections. Beam |
Most investors in Beam TherapeuticsInc 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 Beam TherapeuticsInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Beam TherapeuticsInc's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through Beam TherapeuticsInc price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X. Beam TherapeuticsInc Simple Regression Price Forecast For the 19th of April
Given 90 days horizon, the Simple Regression forecasted value of Beam TherapeuticsInc on the next trading day is expected to be 32.36 with a mean absolute deviation of 4.26, mean absolute percentage error of 25.36, and the sum of the absolute errors of 259.88.Please note that although there have been many attempts to predict Beam 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 Beam TherapeuticsInc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Beam TherapeuticsInc Stock Forecast Pattern
| Backtest Beam TherapeuticsInc | Beam TherapeuticsInc Price Prediction | Buy or Sell Advice |
Beam TherapeuticsInc Forecasted Value
In the context of forecasting Beam TherapeuticsInc'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. Beam TherapeuticsInc's downside and upside margins for the forecasting period are 26.51 and 38.22, respectively. We have considered Beam TherapeuticsInc'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Beam TherapeuticsInc stock data series using in forecasting. Note that when a statistical model is used to represent Beam TherapeuticsInc 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 | 121.3437 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.2604 |
| MAPE | Mean absolute percentage error | 0.138 |
| SAE | Sum of the absolute errors | 259.8842 |
Predictive Modules for Beam TherapeuticsInc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Beam TherapeuticsInc. 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 Beam TherapeuticsInc'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 Beam TherapeuticsInc
For every potential investor in Beam, whether a beginner or expert, Beam TherapeuticsInc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Beam Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Beam. Basic forecasting techniques help filter out the noise by identifying Beam TherapeuticsInc's price trends.Beam TherapeuticsInc 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 Beam TherapeuticsInc stock to make a market-neutral strategy. Peer analysis of Beam TherapeuticsInc could also be used in its relative valuation, which is a method of valuing Beam TherapeuticsInc by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Beam TherapeuticsInc 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 Beam TherapeuticsInc'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 Beam TherapeuticsInc's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Beam TherapeuticsInc Market Strength Events
Market strength indicators help investors to evaluate how Beam TherapeuticsInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beam TherapeuticsInc shares will generate the highest return on investment. By undertsting and applying Beam TherapeuticsInc stock market strength indicators, traders can identify Beam TherapeuticsInc entry and exit signals to maximize returns.
Beam TherapeuticsInc Risk Indicators
The analysis of Beam TherapeuticsInc'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 Beam TherapeuticsInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting beam 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 | 3.79 | |||
| Semi Deviation | 4.31 | |||
| Standard Deviation | 5.76 | |||
| Variance | 33.19 | |||
| Downside Variance | 20.31 | |||
| Semi Variance | 18.54 | |||
| Expected Short fall | (4.24) |
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.
Beam TherapeuticsInc Investors Sentiment
The influence of Beam TherapeuticsInc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Beam. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Beam TherapeuticsInc's public news can be used to forecast risks associated with an investment in Beam. The trend in average sentiment can be used to explain how an investor holding Beam can time the market purely based on public headlines and social activities around Beam TherapeuticsInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Beam TherapeuticsInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Beam TherapeuticsInc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Beam TherapeuticsInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Beam TherapeuticsInc.
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 Beam TherapeuticsInc 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, Beam TherapeuticsInc's short interest history, or implied volatility extrapolated from Beam TherapeuticsInc options trading.
Pair Trading with Beam TherapeuticsInc
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 Beam TherapeuticsInc 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 Beam TherapeuticsInc will appreciate offsetting losses from the drop in the long position's value.Moving together with Beam Stock
| 0.85 | EOLS | Evolus Inc Financial Report 14th of May 2024 | PairCorr |
Moving against Beam Stock
| 0.59 | MRKR | Marker Therapeutics | PairCorr |
| 0.48 | LPTX | Leap Therapeutics Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Beam TherapeuticsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beam TherapeuticsInc 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 Beam TherapeuticsInc - 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 Beam TherapeuticsInc to buy it.
The correlation of Beam TherapeuticsInc 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 Beam TherapeuticsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beam TherapeuticsInc 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 Beam TherapeuticsInc 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 Beam TherapeuticsInc to cross-verify your projections. To learn how to invest in Beam Stock, please use our How to Invest in Beam TherapeuticsInc guide.Note that the Beam TherapeuticsInc information on this page should be used as a complementary analysis to other Beam TherapeuticsInc'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Beam Stock analysis
When running Beam TherapeuticsInc's price analysis, check to measure Beam TherapeuticsInc'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 Beam TherapeuticsInc is operating at the current time. Most of Beam TherapeuticsInc's value examination focuses on studying past and present price action to predict the probability of Beam TherapeuticsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beam TherapeuticsInc's price. Additionally, you may evaluate how the addition of Beam TherapeuticsInc to your portfolios can decrease your overall portfolio volatility.
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Is Beam TherapeuticsInc'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 Beam TherapeuticsInc. If investors know Beam 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 Beam TherapeuticsInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.72) | Revenue Per Share 4.896 | Quarterly Revenue Growth 14.78 | Return On Assets (0.08) | Return On Equity (0.15) |
The market value of Beam TherapeuticsInc is measured differently than its book value, which is the value of Beam that is recorded on the company's balance sheet. Investors also form their own opinion of Beam TherapeuticsInc's value that differs from its market value or its book value, called intrinsic value, which is Beam TherapeuticsInc'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 Beam TherapeuticsInc's market value can be influenced by many factors that don't directly affect Beam TherapeuticsInc'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 Beam TherapeuticsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beam TherapeuticsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beam TherapeuticsInc'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.