Beam Global Stock Forecast - Simple Moving Average
| BEEM Stock | USD 6.14 0.26 4.06% |
The Simple Moving Average forecasted value of Beam Global on the next trading day is expected to be 6.27 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 13.84. Beam Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Beam Global stock prices and determine the direction of Beam Global's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Beam Global's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Beam Global'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 Global's systematic risk associated with finding meaningful patterns of Beam Global fundamentals over time.
Check out Historical Fundamental Analysis of Beam Global to cross-verify your projections. Beam |
Open Interest Against 2024-04-19 Beam Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Beam Global'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 Beam Global's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Beam Global 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 Beam Global's open interest, investors have to compare it to Beam Global'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 Beam Global 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 Beam. 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 Beam Global 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 Global's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Beam Global's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Beam Global 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. Beam Global Simple Moving Average Price Forecast For the 20th of April
Given 90 days horizon, the Simple Moving Average forecasted value of Beam Global on the next trading day is expected to be 6.27 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.1, and the sum of the absolute errors of 13.84.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 Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Beam Global Stock Forecast Pattern
| Backtest Beam Global | Beam Global Price Prediction | Buy or Sell Advice |
Beam Global Forecasted Value
In the context of forecasting Beam Global'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 Global's downside and upside margins for the forecasting period are 1.91 and 10.63, respectively. We have considered Beam Global'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Beam Global stock data series using in forecasting. Note that when a statistical model is used to represent Beam Global 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 | 112.0858 |
| Bias | Arithmetic mean of the errors | 0.0047 |
| MAD | Mean absolute deviation | 0.2345 |
| MAPE | Mean absolute percentage error | 0.0345 |
| SAE | Sum of the absolute errors | 13.835 |
Predictive Modules for Beam Global
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 Global. 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 Global'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 Global
For every potential investor in Beam, whether a beginner or expert, Beam Global'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 Global's price trends.Beam Global 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 Global stock to make a market-neutral strategy. Peer analysis of Beam Global could also be used in its relative valuation, which is a method of valuing Beam Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Beam Global 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 Global'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 Global's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Beam Global Market Strength Events
Market strength indicators help investors to evaluate how Beam Global 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 Global shares will generate the highest return on investment. By undertsting and applying Beam Global stock market strength indicators, traders can identify Beam Global entry and exit signals to maximize returns.
| Accumulation Distribution | 11310.91 | |||
| Daily Balance Of Power | (0.57) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 6.28 | |||
| Day Typical Price | 6.23 | |||
| Price Action Indicator | (0.27) | |||
| Period Momentum Indicator | (0.26) |
Beam Global Risk Indicators
The analysis of Beam Global'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 Global'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 | 3.44 | |||
| Semi Deviation | 3.89 | |||
| Standard Deviation | 4.45 | |||
| Variance | 19.78 | |||
| Downside Variance | 16.28 | |||
| Semi Variance | 15.09 | |||
| Expected Short fall | (3.88) |
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 Beam Global 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 Global's short interest history, or implied volatility extrapolated from Beam Global options trading.
Pair Trading with Beam Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Beam Stock
| 0.83 | BBU | Brookfield Business Financial Report 3rd of May 2024 | PairCorr |
Moving against Beam Stock
| 0.66 | MMM | 3M Company Report 23rd of April 2024 | PairCorr |
| 0.47 | IGC | India Globalization | PairCorr |
The ability to find closely correlated positions to Beam Global 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 Global 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 Global - 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 Global to buy it.
The correlation of Beam Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beam Global 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 Global 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 Global to cross-verify your projections. To learn how to invest in Beam Stock, please use our How to Invest in Beam Global guide.Note that the Beam Global information on this page should be used as a complementary analysis to other Beam Global'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Beam Stock analysis
When running Beam Global's price analysis, check to measure Beam Global'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 Global is operating at the current time. Most of Beam Global's value examination focuses on studying past and present price action to predict the probability of Beam Global'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 Global's price. Additionally, you may evaluate how the addition of Beam Global to your portfolios can decrease your overall portfolio volatility.
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Is Beam Global'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 Global. 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 Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.30) | Revenue Per Share 5.456 | Quarterly Revenue Growth 1.536 | Return On Assets (0.18) | Return On Equity (0.44) |
The market value of Beam Global 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Beam Global'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 Global's market value can be influenced by many factors that don't directly affect Beam Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beam Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beam Global'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.