Inhibrx Stock Forecast - Naive Prediction

INBX -  USA Stock  

USD 38.46  1.45  3.63%

Inhibrx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Inhibrx historical stock prices and determine the direction of Inhibrx'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 Inhibrx historical fundamentals such as revenue growth or operating cash flow patterns. Although Inhibrx naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Inhibrx systematic risk associated with finding meaningful patterns of Inhibrx fundamentals over time.
Please see Historical Fundamental Analysis of Inhibrx to cross-verify your projections.

Inhibrx Stock Forecast 

 
Refresh
Asset Turnover is likely to drop to 0.15 in 2021. Weighted Average Shares is likely to drop to about 25.2 M in 2021. Weighted Average Shares Diluted is likely to drop to about 25.2 M in 2021.
Most investors in Inhibrx 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 Inhibrx's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Inhibrx's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Inhibrx is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Inhibrx 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.

Inhibrx Naive Prediction Price Forecast For the 21st of October

Given 90 days horizon, the Naive Prediction forecasted value of Inhibrx on the next trading day is expected to be 47.65 with a mean absolute deviation of 1.54, mean absolute percentage error of 4.29, and the sum of the absolute errors of 93.79. Please note that although there have been many attempts to predict Inhibrx 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 Inhibrx's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Inhibrx Stock Forecast Pattern

Backtest InhibrxInhibrx Price PredictionBuy or Sell Advice 

Inhibrx Forecasted Value

In the context of forecasting Inhibrx'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. Inhibrx's downside and upside margins for the forecasting period are 43.07 and 52.22, respectively. We have considered Inhibrx'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
38.46
20th of October 2021
47.65
Expected Value
52.22
Upside

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 Inhibrx stock data series using in forecasting. Note that when a statistical model is used to represent Inhibrx 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.
AICAkaike Information Criteria119.5667
BiasArithmetic mean of the errors None
MADMean absolute deviation1.5376
MAPEMean absolute percentage error0.0481
SAESum of the absolute errors93.7944
This model is not at all useful as a medium-long range forecasting tool of Inhibrx. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Inhibrx. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Inhibrx

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Inhibrx. 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 Inhibrx'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 Inhibrx in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
33.7238.3042.88
Details
Intrinsic
Valuation
LowReal ValueHigh
36.6041.1845.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.3834.2843.19
Details
3 Analysts
Consensus
LowTarget PriceHigh
38.0044.6750.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Inhibrx. Your research has to be compared to or analyzed against Inhibrx's peers to derive any actionable benefits. When done correctly, Inhibrx'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 Inhibrx.

Other Forecasting Options for Inhibrx

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

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

Inhibrx 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 Inhibrx'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 Inhibrx's current price.

Inhibrx Market Strength Events

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

Inhibrx Risk Indicators

The analysis of Inhibrx'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 Inhibrx's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Inhibrx 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.
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.

Inhibrx Investors Sentiment

The influence of Inhibrx'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 Inhibrx. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - INBX

Inhibrx Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Inhibrx. What is your judgment towards investing in Inhibrx? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Inhibrx using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please see Historical Fundamental Analysis of Inhibrx to cross-verify your projections. Note that the Inhibrx information on this page should be used as a complementary analysis to other Inhibrx'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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Inhibrx Stock analysis

When running Inhibrx price analysis, check to measure Inhibrx'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 Inhibrx is operating at the current time. Most of Inhibrx's value examination focuses on studying past and present price action to predict the probability of Inhibrx's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Inhibrx's price. Additionally, you may evaluate how the addition of Inhibrx to your portfolios can decrease your overall portfolio volatility.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
The market value of Inhibrx is measured differently than its book value, which is the value of Inhibrx that is recorded on the company's balance sheet. Investors also form their own opinion of Inhibrx's value that differs from its market value or its book value, called intrinsic value, which is Inhibrx'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 Inhibrx's market value can be influenced by many factors that don't directly affect Inhibrx underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Inhibrx's value and its price as these two are different measures arrived at by different means. Investors typically determine Inhibrx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inhibrx'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.