Goodrx HoldingsInc Stock Forecast - Naive Prediction
| GDRX Stock | USD 6.97 0.31 4.65% |
The Naive Prediction forecasted value of Goodrx HoldingsInc on the next trading day is expected to be 6.78 with a mean absolute deviation of 0.25 and the sum of the absolute errors of 15.02. Goodrx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Goodrx HoldingsInc stock prices and determine the direction of Goodrx HoldingsInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Goodrx HoldingsInc's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Goodrx HoldingsInc to cross-verify your projections. Goodrx |
Most investors in Goodrx HoldingsInc 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 Goodrx HoldingsInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Goodrx HoldingsInc's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Goodrx HoldingsInc is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Goodrx HoldingsInc 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. Goodrx HoldingsInc Naive Prediction Price Forecast For the 25th of April
Given 90 days horizon, the Naive Prediction forecasted value of Goodrx HoldingsInc on the next trading day is expected to be 6.78 with a mean absolute deviation of 0.25, mean absolute percentage error of 0.11, and the sum of the absolute errors of 15.02.Please note that although there have been many attempts to predict Goodrx 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 Goodrx HoldingsInc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Goodrx HoldingsInc Stock Forecast Pattern
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Goodrx HoldingsInc Forecasted Value
In the context of forecasting Goodrx HoldingsInc'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. Goodrx HoldingsInc's downside and upside margins for the forecasting period are 2.97 and 10.59, respectively. We have considered Goodrx HoldingsInc'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 Goodrx HoldingsInc stock data series using in forecasting. Note that when a statistical model is used to represent Goodrx HoldingsInc 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 | 115.868 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2463 |
| MAPE | Mean absolute percentage error | 0.0356 |
| SAE | Sum of the absolute errors | 15.0216 |
Predictive Modules for Goodrx HoldingsInc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodrx HoldingsInc. 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 Goodrx HoldingsInc'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 Goodrx HoldingsInc
For every potential investor in Goodrx, whether a beginner or expert, Goodrx HoldingsInc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Goodrx Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Goodrx. Basic forecasting techniques help filter out the noise by identifying Goodrx HoldingsInc's price trends.View Goodrx HoldingsInc Related Equities
| Risk & Return | Correlation |
Goodrx HoldingsInc 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 Goodrx HoldingsInc'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 Goodrx HoldingsInc's current price.| Cycle Indicators | ||
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Goodrx HoldingsInc Market Strength Events
Market strength indicators help investors to evaluate how Goodrx HoldingsInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodrx HoldingsInc shares will generate the highest return on investment. By undertsting and applying Goodrx HoldingsInc stock market strength indicators, traders can identify Goodrx HoldingsInc entry and exit signals to maximize returns.
Goodrx HoldingsInc Risk Indicators
The analysis of Goodrx HoldingsInc'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 Goodrx HoldingsInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting goodrx 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 | 2.45 | |||
| Semi Deviation | 2.34 | |||
| Standard Deviation | 3.81 | |||
| Variance | 14.49 | |||
| Downside Variance | 6.29 | |||
| Semi Variance | 5.49 | |||
| Expected Short fall | (3.85) |
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 Goodrx HoldingsInc 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, Goodrx HoldingsInc's short interest history, or implied volatility extrapolated from Goodrx HoldingsInc options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Goodrx HoldingsInc to cross-verify your projections. For more information on how to buy Goodrx Stock please use our How to Invest in Goodrx HoldingsInc guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Goodrx Stock analysis
When running Goodrx HoldingsInc's price analysis, check to measure Goodrx HoldingsInc'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 Goodrx HoldingsInc is operating at the current time. Most of Goodrx HoldingsInc's value examination focuses on studying past and present price action to predict the probability of Goodrx HoldingsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodrx HoldingsInc's price. Additionally, you may evaluate how the addition of Goodrx HoldingsInc to your portfolios can decrease your overall portfolio volatility.
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Is Goodrx HoldingsInc'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 Goodrx HoldingsInc. If investors know Goodrx 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 Goodrx HoldingsInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Goodrx HoldingsInc is measured differently than its book value, which is the value of Goodrx that is recorded on the company's balance sheet. Investors also form their own opinion of Goodrx HoldingsInc's value that differs from its market value or its book value, called intrinsic value, which is Goodrx HoldingsInc'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 Goodrx HoldingsInc's market value can be influenced by many factors that don't directly affect Goodrx HoldingsInc'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 Goodrx HoldingsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodrx HoldingsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodrx HoldingsInc'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.