Neurobo Pharmaceuticals Stock Forecast - 8 Period Moving Average
| NRBO Stock | USD 3.10 0.08 2.65% |
The 8 Period Moving Average forecasted value of Neurobo Pharmaceuticals on the next trading day is expected to be 3.25 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 20.00. Neurobo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Neurobo Pharmaceuticals stock prices and determine the direction of Neurobo Pharmaceuticals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Neurobo Pharmaceuticals' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Neurobo Pharmaceuticals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Neurobo Pharmaceuticals' systematic risk associated with finding meaningful patterns of Neurobo Pharmaceuticals fundamentals over time.
Check out Historical Fundamental Analysis of Neurobo Pharmaceuticals to cross-verify your projections. Neurobo |
Most investors in Neurobo Pharmaceuticals 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 Neurobo Pharmaceuticals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Neurobo Pharmaceuticals' price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Neurobo Pharmaceuticals is based on an artificially constructed time series of Neurobo Pharmaceuticals daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Neurobo Pharmaceuticals 8 Period Moving Average Price Forecast For the 26th of April
Given 90 days horizon, the 8 Period Moving Average forecasted value of Neurobo Pharmaceuticals on the next trading day is expected to be 3.25 with a mean absolute deviation of 0.37, mean absolute percentage error of 0.22, and the sum of the absolute errors of 20.00.Please note that although there have been many attempts to predict Neurobo 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 Neurobo Pharmaceuticals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Neurobo Pharmaceuticals Stock Forecast Pattern
| Backtest Neurobo Pharmaceuticals | Neurobo Pharmaceuticals Price Prediction | Buy or Sell Advice |
Neurobo Pharmaceuticals Forecasted Value
In the context of forecasting Neurobo Pharmaceuticals' 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. Neurobo Pharmaceuticals' downside and upside margins for the forecasting period are 0.03 and 13.48, respectively. We have considered Neurobo Pharmaceuticals' 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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Neurobo Pharmaceuticals stock data series using in forecasting. Note that when a statistical model is used to represent Neurobo Pharmaceuticals 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 | 103.7245 |
| Bias | Arithmetic mean of the errors | 0.1181 |
| MAD | Mean absolute deviation | 0.3703 |
| MAPE | Mean absolute percentage error | 0.0813 |
| SAE | Sum of the absolute errors | 19.9975 |
Predictive Modules for Neurobo Pharmaceuticals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neurobo Pharmaceuticals. 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 Neurobo Pharmaceuticals' 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 Neurobo Pharmaceuticals
For every potential investor in Neurobo, whether a beginner or expert, Neurobo Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Neurobo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Neurobo. Basic forecasting techniques help filter out the noise by identifying Neurobo Pharmaceuticals' price trends.View Neurobo Pharmaceuticals Related Equities
| Risk & Return | Correlation |
Neurobo Pharmaceuticals 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 Neurobo Pharmaceuticals' 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 Neurobo Pharmaceuticals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
Neurobo Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Neurobo Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Neurobo Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Neurobo Pharmaceuticals stock market strength indicators, traders can identify Neurobo Pharmaceuticals entry and exit signals to maximize returns.
Neurobo Pharmaceuticals Risk Indicators
The analysis of Neurobo Pharmaceuticals' 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 Neurobo Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting neurobo 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 | 5.17 | |||
| Semi Deviation | 5.28 | |||
| Standard Deviation | 9.93 | |||
| Variance | 98.69 | |||
| Downside Variance | 29.69 | |||
| Semi Variance | 27.93 | |||
| Expected Short fall | (6.80) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Neurobo Pharmaceuticals to cross-verify your projections. To learn how to invest in Neurobo Stock, please use our How to Invest in Neurobo Pharmaceuticals guide.Note that the Neurobo Pharmaceuticals information on this page should be used as a complementary analysis to other Neurobo Pharmaceuticals' 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 the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Neurobo Stock analysis
When running Neurobo Pharmaceuticals' price analysis, check to measure Neurobo Pharmaceuticals' 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 Neurobo Pharmaceuticals is operating at the current time. Most of Neurobo Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Neurobo Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neurobo Pharmaceuticals' price. Additionally, you may evaluate how the addition of Neurobo Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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Is Neurobo Pharmaceuticals' 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 Neurobo Pharmaceuticals. If investors know Neurobo 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 Neurobo Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.46) | Return On Assets (0.35) | Return On Equity (0.65) |
The market value of Neurobo Pharmaceuticals is measured differently than its book value, which is the value of Neurobo that is recorded on the company's balance sheet. Investors also form their own opinion of Neurobo Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Neurobo Pharmaceuticals' 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 Neurobo Pharmaceuticals' market value can be influenced by many factors that don't directly affect Neurobo Pharmaceuticals' 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 Neurobo Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Neurobo Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neurobo Pharmaceuticals' 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.