Bentley SystemsInc Stock Forecast - Naive Prediction
| BSY Stock | USD 55.48 0.47 0.85% |
The Naive Prediction forecasted value of Bentley SystemsInc on the next trading day is expected to be 55.42 with a mean absolute deviation of 1.05 and the sum of the absolute errors of 63.94. Bentley Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bentley SystemsInc stock prices and determine the direction of Bentley SystemsInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bentley SystemsInc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Bentley SystemsInc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bentley SystemsInc's systematic risk associated with finding meaningful patterns of Bentley SystemsInc fundamentals over time.
Check out Historical Fundamental Analysis of Bentley SystemsInc to cross-verify your projections. Bentley |
Open Interest Against 2024-05-17 Bentley Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Bentley SystemsInc'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 Bentley SystemsInc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Bentley SystemsInc 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 Bentley SystemsInc's open interest, investors have to compare it to Bentley SystemsInc'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 Bentley SystemsInc 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 Bentley. 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 Bentley SystemsInc 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 Bentley SystemsInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bentley SystemsInc's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Bentley SystemsInc is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Bentley SystemsInc 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. Bentley SystemsInc Naive Prediction Price Forecast For the 12th of May 2024
Given 90 days horizon, the Naive Prediction forecasted value of Bentley SystemsInc on the next trading day is expected to be 55.42 with a mean absolute deviation of 1.05, mean absolute percentage error of 1.61, and the sum of the absolute errors of 63.94.Please note that although there have been many attempts to predict Bentley 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 Bentley SystemsInc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bentley SystemsInc Stock Forecast Pattern
| Backtest Bentley SystemsInc | Bentley SystemsInc Price Prediction | Buy or Sell Advice |
Bentley SystemsInc Forecasted Value
In the context of forecasting Bentley SystemsInc'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. Bentley SystemsInc's downside and upside margins for the forecasting period are 53.40 and 57.44, respectively. We have considered Bentley SystemsInc'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 Bentley SystemsInc stock data series using in forecasting. Note that when a statistical model is used to represent Bentley SystemsInc 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 | 118.5864 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0482 |
| MAPE | Mean absolute percentage error | 0.0206 |
| SAE | Sum of the absolute errors | 63.9385 |
Predictive Modules for Bentley SystemsInc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bentley SystemsInc. 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 Bentley SystemsInc'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 Bentley SystemsInc
For every potential investor in Bentley, whether a beginner or expert, Bentley SystemsInc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bentley Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bentley. Basic forecasting techniques help filter out the noise by identifying Bentley SystemsInc's price trends.View Bentley SystemsInc Related Equities
| Risk & Return | Correlation |
Bentley SystemsInc 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 Bentley SystemsInc'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 Bentley SystemsInc's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
Bentley SystemsInc Market Strength Events
Market strength indicators help investors to evaluate how Bentley SystemsInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bentley SystemsInc shares will generate the highest return on investment. By undertsting and applying Bentley SystemsInc stock market strength indicators, traders can identify Bentley SystemsInc entry and exit signals to maximize returns.
Bentley SystemsInc Risk Indicators
The analysis of Bentley SystemsInc'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 Bentley SystemsInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bentley 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 | 1.5 | |||
| Semi Deviation | 2.2 | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.09 | |||
| Downside Variance | 5.33 | |||
| Semi Variance | 4.83 | |||
| Expected Short fall | (1.46) |
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.
Bentley SystemsInc Investors Sentiment
The influence of Bentley SystemsInc'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 Bentley. 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 Bentley SystemsInc's public news can be used to forecast risks associated with an investment in Bentley. The trend in average sentiment can be used to explain how an investor holding Bentley can time the market purely based on public headlines and social activities around Bentley SystemsInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bentley SystemsInc'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 Bentley SystemsInc'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 Bentley SystemsInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bentley SystemsInc.
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 Bentley SystemsInc 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, Bentley SystemsInc's short interest history, or implied volatility extrapolated from Bentley SystemsInc options trading.
Pair Trading with Bentley SystemsInc
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 Bentley SystemsInc 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 Bentley SystemsInc will appreciate offsetting losses from the drop in the long position's value.Moving against Bentley Stock
| 0.51 | BL | Blackline | PairCorr |
| 0.42 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Bentley SystemsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bentley SystemsInc 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 Bentley SystemsInc - 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 Bentley SystemsInc to buy it.
The correlation of Bentley SystemsInc 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 Bentley SystemsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bentley SystemsInc 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 Bentley SystemsInc 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 Bentley SystemsInc to cross-verify your projections. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Bentley Stock analysis
When running Bentley SystemsInc's price analysis, check to measure Bentley SystemsInc'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 Bentley SystemsInc is operating at the current time. Most of Bentley SystemsInc's value examination focuses on studying past and present price action to predict the probability of Bentley SystemsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bentley SystemsInc's price. Additionally, you may evaluate how the addition of Bentley SystemsInc to your portfolios can decrease your overall portfolio volatility.
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Is Bentley SystemsInc'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 Bentley SystemsInc. If investors know Bentley 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 Bentley SystemsInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.515 | Dividend Share 0.21 | Earnings Share 1.08 | Revenue Per Share 3.996 | Quarterly Revenue Growth 0.074 |
The market value of Bentley SystemsInc is measured differently than its book value, which is the value of Bentley that is recorded on the company's balance sheet. Investors also form their own opinion of Bentley SystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Bentley SystemsInc'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 Bentley SystemsInc's market value can be influenced by many factors that don't directly affect Bentley SystemsInc'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 Bentley SystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bentley SystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bentley SystemsInc'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.