Fonar Stock Forecast - Polynomial Regression
| FONR Stock | USD 15.27 0.09 0.59% |
The Polynomial Regression forecasted value of Fonar on the next trading day is expected to be 14.69 with a mean absolute deviation of 0.44 and the sum of the absolute errors of 27.14. Fonar Stock Forecast is based on your current time horizon. Although Fonar's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Fonar's systematic risk associated with finding meaningful patterns of Fonar fundamentals over time.
Fonar |
Most investors in Fonar 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 Fonar's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Fonar's price structures and extracts relationships that further increase the generated results' accuracy.
Fonar polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Fonar as well as the accuracy indicators are determined from the period prices. Fonar Polynomial Regression Price Forecast For the 21st of June
Given 90 days horizon, the Polynomial Regression forecasted value of Fonar on the next trading day is expected to be 14.69 with a mean absolute deviation of 0.44, mean absolute percentage error of 0.36, and the sum of the absolute errors of 27.14.Please note that although there have been many attempts to predict Fonar 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 Fonar's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Fonar Stock Forecast Pattern
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Fonar Forecasted Value
In the context of forecasting Fonar'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. Fonar's downside and upside margins for the forecasting period are 12.10 and 17.28, respectively. We have considered Fonar'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Fonar stock data series using in forecasting. Note that when a statistical model is used to represent Fonar 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 | 117.0953 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4449 |
| MAPE | Mean absolute percentage error | 0.0268 |
| SAE | Sum of the absolute errors | 27.1384 |
Predictive Modules for Fonar
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fonar. 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 Fonar'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 Fonar
For every potential investor in Fonar, whether a beginner or expert, Fonar's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fonar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fonar. Basic forecasting techniques help filter out the noise by identifying Fonar's price trends.Fonar 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 Fonar stock to make a market-neutral strategy. Peer analysis of Fonar could also be used in its relative valuation, which is a method of valuing Fonar by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fonar 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 Fonar'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 Fonar's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
Fonar Market Strength Events
Market strength indicators help investors to evaluate how Fonar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fonar shares will generate the highest return on investment. By undertsting and applying Fonar stock market strength indicators, traders can identify Fonar entry and exit signals to maximize returns.
Fonar Risk Indicators
The analysis of Fonar'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 Fonar's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fonar 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 | 1.99 | |||
| Standard Deviation | 2.62 | |||
| Variance | 6.86 |
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.
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When running Fonar's price analysis, check to measure Fonar'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 Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.