Baudax BioInc Stock Forecast - Simple Moving Average
| BXRX Stock | USD 0.01 0.0004 3.64% |
The Simple Moving Average forecasted value of Baudax BioInc on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.09. Baudax Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Baudax BioInc stock prices and determine the direction of Baudax BioInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Baudax BioInc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Baudax BioInc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Baudax BioInc's systematic risk associated with finding meaningful patterns of Baudax BioInc fundamentals over time.
Check out Historical Fundamental Analysis of Baudax BioInc to cross-verify your projections. Baudax |
Most investors in Baudax BioInc 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 Baudax BioInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Baudax BioInc's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Baudax BioInc 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. Baudax BioInc Simple Moving Average Price Forecast For the 20th of April
Given 90 days horizon, the Simple Moving Average forecasted value of Baudax BioInc on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000442, and the sum of the absolute errors of 0.09.Please note that although there have been many attempts to predict Baudax 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 Baudax BioInc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Baudax BioInc Stock Forecast Pattern
| Backtest Baudax BioInc | Baudax BioInc Price Prediction | Buy or Sell Advice |
Baudax BioInc Forecasted Value
In the context of forecasting Baudax BioInc'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. Baudax BioInc's downside and upside margins for the forecasting period are 0.0001 and 12.66, respectively. We have considered Baudax BioInc'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 Baudax BioInc stock data series using in forecasting. Note that when a statistical model is used to represent Baudax BioInc 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 | 102.1047 |
| Bias | Arithmetic mean of the errors | 4.0E-4 |
| MAD | Mean absolute deviation | 0.0016 |
| MAPE | Mean absolute percentage error | 0.0919 |
| SAE | Sum of the absolute errors | 0.0918 |
Predictive Modules for Baudax BioInc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Baudax BioInc. 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 Baudax BioInc'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 Baudax BioInc
For every potential investor in Baudax, whether a beginner or expert, Baudax BioInc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Baudax Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Baudax. Basic forecasting techniques help filter out the noise by identifying Baudax BioInc's price trends.View Baudax BioInc Related Equities
| Risk & Return | Correlation |
Baudax BioInc 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 Baudax BioInc'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 Baudax BioInc's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Baudax BioInc Market Strength Events
Market strength indicators help investors to evaluate how Baudax BioInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Baudax BioInc shares will generate the highest return on investment. By undertsting and applying Baudax BioInc stock market strength indicators, traders can identify Baudax BioInc entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0783 | |||
| Daily Balance Of Power | (0.44) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 0.0111 | |||
| Day Typical Price | 0.0109 | |||
| Market Facilitation Index | 9.0E-4 | |||
| Price Action Indicator | (0.0006) | |||
| Period Momentum Indicator | (0.0004) |
Baudax BioInc Risk Indicators
The analysis of Baudax BioInc'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 Baudax BioInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting baudax 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 | 7.84 | |||
| Standard Deviation | 12.36 | |||
| Variance | 152.74 |
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.
Pair Trading with Baudax BioInc
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 Baudax BioInc 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 Baudax BioInc will appreciate offsetting losses from the drop in the long position's value.Moving against Baudax Stock
| 0.81 | NUVB | Nuvation Bio Financial Report 2nd of May 2024 | PairCorr |
| 0.64 | IMMP | Immutep Ltd ADR | PairCorr |
| 0.61 | IOVA | Iovance Biotherapeutics Financial Report 14th of May 2024 | PairCorr |
| 0.59 | ZNTL | Zentalis PharmaceuticalsL Financial Report 8th of May 2024 | PairCorr |
| 0.5 | MRSN | Mersana Therapeutics Downward Rally | PairCorr |
The ability to find closely correlated positions to Baudax BioInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baudax BioInc 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 Baudax BioInc - 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 Baudax BioInc to buy it.
The correlation of Baudax BioInc 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 Baudax BioInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baudax BioInc 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 Baudax BioInc 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 Baudax BioInc to cross-verify your projections. For more information on how to buy Baudax Stock please use our How to Invest in Baudax BioInc guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Baudax Stock analysis
When running Baudax BioInc's price analysis, check to measure Baudax BioInc'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 Baudax BioInc is operating at the current time. Most of Baudax BioInc's value examination focuses on studying past and present price action to predict the probability of Baudax BioInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baudax BioInc's price. Additionally, you may evaluate how the addition of Baudax BioInc to your portfolios can decrease your overall portfolio volatility.
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Is Baudax BioInc'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 Baudax BioInc. If investors know Baudax 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 Baudax BioInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (94.13) | Revenue Per Share 0.318 | Quarterly Revenue Growth (0.23) | Return On Assets (1.15) | Return On Equity (47.04) |
The market value of Baudax BioInc is measured differently than its book value, which is the value of Baudax that is recorded on the company's balance sheet. Investors also form their own opinion of Baudax BioInc's value that differs from its market value or its book value, called intrinsic value, which is Baudax BioInc'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 Baudax BioInc's market value can be influenced by many factors that don't directly affect Baudax BioInc'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 Baudax BioInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baudax BioInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baudax BioInc'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.