Icad Stock Forecast - Polynomial Regression

ICAD Stock

USD 1.28 0.03 2.40%

Icad Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Icad historical stock prices and determine the direction of Icad Inc's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Icad historical fundamentals such as revenue growth or operating cash flow patterns. Although Icad naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Icad Inc systematic risk associated with finding meaningful patterns of Icad fundamentals over time.

Check out Historical Fundamental Analysis of Icad to cross-verify your projections. For information on how to trade Icad Stock refer to our How to Trade Icad Stock guide.

Icad Inventory Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Inventory Turnover was at 2.85. The current year Accounts Payable Turnover is expected to grow to 8.89, whereas PPandE Turnover is forecasted to decline to 30.94. . As of March 23, 2023, Weighted Average Shares is expected to decline to about 24.6 M. In addition to that, Weighted Average Shares Diluted is expected to decline to about 24.6 M.

Open Interest Agains t 2023-04-21 Icad Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Icad'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 Icad's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Icad stock based on available contracts left at the end of a trading day.

Please note, to derive more accurate forecasting about market movement from the current Icad's open interest, investors have to compare it to Icad'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 Icad 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 Icad. 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 Icad 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 Icad's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Icad's price structures and extracts relationships that further increase the generated results' accuracy.

Icad polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Icad Inc as well as the accuracy indicators are determined from the period prices.

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Icad Polynomial Regression Price Forecast For the 24th of March

Given 90 days horizon, the Polynomial Regression forecasted value of Icad Inc on the next trading day is expected to be 0.91 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.07, and the sum of the absolute errors of 13.63.

Please note that although there have been many attempts to predict Icad 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 Icad's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Icad Stock Forecast Pattern

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Icad Forecasted Value

In the context of forecasting Icad'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. Icad's downside and upside margins for the forecasting period are 0.0128 and 7.54, respectively. We have considered Icad'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.

Market Value 1.28

0.0128

Downside

0.91

Expected Value

Target Odds

Above Odds

Below Odds

7.54

Upside

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 Icad stock data series using in forecasting. Note that when a statistical model is used to represent Icad 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	115.4885
Bias	Arithmetic mean of the errors	None
MAD	Mean absolute deviation	0.2234
MAPE	Mean absolute percentage error	0.1112
SAE	Sum of the absolute errors	13.6287

A single variable polynomial regression model attempts to put a curve through the Icad historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a₀ + a₁*X + a₂*X² + a₃*X³ + ... + a_m*X^m

Predictive Modules for Icad

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Icad Inc. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Icad'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. Please use the tools below to analyze the current value of Icad in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
0.07	1.34	8.02

Details

Intrinsic

Valuation

Low	Real Value	High
0.12	2.49	9.17

Details

4 Analysts

Consensus

Low	Target Price	High
5.00	6.25	8.00

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icad. Your research has to be compared to or analyzed against Icad's peers to derive any actionable benefits. When done correctly, Icad's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Icad Inc.

Other Forecasting Options for Icad

For every potential investor in Icad, whether a beginner or expert, Icad's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Icad Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Icad. Basic forecasting techniques help filter out the noise by identifying Icad's price trends.

Icad 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 Icad stock to make a market-neutral strategy. Peer analysis of Icad could also be used in its relative valuation, which is a method of valuing Icad by comparing valuation metrics with similar companies.

Definitive HealthcareNanthealth LLCAllscripts HealthcareSo-Young InternationalDoximityVeeva SystemsMultiPlanEUDA Health HoldingsNutex HealthScworx CorpAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroup

Risk & Return

Correlation

Icad Inc 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 Icad'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 Icad's current price.

	Cycle Indicators
	Math Operators
	Math Transform
	Momentum Indicators
	Overlap Studies
	Pattern Recognition
	Price Transform
	Statistic Functions
	Volatility Indicators
	Volume Indicators

Icad Market Strength Events

Market strength indicators help investors to evaluate how Icad stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icad shares will generate the highest return on investment. By undertsting and applying Icad stock market strength indicators, traders can identify Icad Inc entry and exit signals to maximize returns.

	Accumulation Distribution	15841.09
	Daily Balance Of Power	0.5
	Rate Of Daily Change	1.02
	Day Median Price	1.29
	Day Typical Price	1.29
	Price Action Indicator	0.005

Icad Risk Indicators

The analysis of Icad's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Icad's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Icad stock price, 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	4.2
	Standard Deviation	6.52
	Variance	42.46

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Icad without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out Historical Fundamental Analysis of Icad to cross-verify your projections. For information on how to trade Icad Stock refer to our How to Trade Icad Stock guide. Note that the Icad Inc information on this page should be used as a complementary analysis to other Icad'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Icad Stock analysis

When running Icad Inc price analysis, check to measure Icad'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 Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.

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Is Icad'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 Icad. If investors know Icad 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 Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.58)

Revenue Per Share

1.163

Quarterly Revenue Growth

(0.32)

Return On Assets

(0.15)

Return On Equity

(0.34)

The market value of Icad Inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad'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 Icad's market value can be influenced by many factors that don't directly affect Icad'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 Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine Icad value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad'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.

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	Naive Prediction
	Simple Exponential Smoothing
	Double Exponential Smoothing
	Triple Exponential Smoothing
	Simple Regression
	Polynomial Regression
	Simple Moving Average
	4 Period Moving Average
	8 Period Moving Average
	20 Period Moving Average

Icad Stock Forecast - Polynomial Regression

Open Interest Agains t 2023-04-21 Icad Option Contracts

Icad Polynomial Regression Price Forecast For the 24th of March

Icad Stock Forecast Pattern

Icad Forecasted Value

Model Predictive Factors

Predictive Modules for Icad

Other Forecasting Options for Icad

Icad Related Equities

Icad Inc Technical and Predictive Analytics

Icad Market Strength Events

Icad Risk Indicators

Be your own money manager

Did you try this?

Run Alpha Finder Now

Alpha Finder

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Icad Stock analysis

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