Nexalin Technology Stock Forecast - Naive Prediction
| NXL Stock | USD 1.47 0.15 11.36% |
The Naive Prediction forecasted value of Nexalin Technology on the next trading day is expected to be 0.43 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.24. Nexalin Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nexalin Technology stock prices and determine the direction of Nexalin Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nexalin Technology's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Nexalin Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nexalin Technology's systematic risk associated with finding meaningful patterns of Nexalin Technology fundamentals over time.
Check out Historical Fundamental Analysis of Nexalin Technology to cross-verify your projections. Nexalin |
Most investors in Nexalin Technology 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 Nexalin Technology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nexalin Technology's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Nexalin Technology is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Nexalin Technology 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. Nexalin Technology Naive Prediction Price Forecast For the 20th of April
Given 90 days horizon, the Naive Prediction forecasted value of Nexalin Technology on the next trading day is expected to be 0.43 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.07, and the sum of the absolute errors of 11.24.Please note that although there have been many attempts to predict Nexalin 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 Nexalin Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nexalin Technology Stock Forecast Pattern
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Nexalin Technology Forecasted Value
In the context of forecasting Nexalin Technology'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. Nexalin Technology's downside and upside margins for the forecasting period are 0.01 and 17.13, respectively. We have considered Nexalin Technology'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 Nexalin Technology stock data series using in forecasting. Note that when a statistical model is used to represent Nexalin Technology 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 | 115.4673 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1843 |
| MAPE | Mean absolute percentage error | 0.2918 |
| SAE | Sum of the absolute errors | 11.2406 |
Predictive Modules for Nexalin Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nexalin Technology. 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 Nexalin Technology'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 Nexalin Technology
For every potential investor in Nexalin, whether a beginner or expert, Nexalin Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nexalin Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nexalin. Basic forecasting techniques help filter out the noise by identifying Nexalin Technology's price trends.Nexalin Technology 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 Nexalin Technology stock to make a market-neutral strategy. Peer analysis of Nexalin Technology could also be used in its relative valuation, which is a method of valuing Nexalin Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nexalin Technology 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 Nexalin Technology'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 Nexalin Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nexalin Technology Market Strength Events
Market strength indicators help investors to evaluate how Nexalin Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nexalin Technology shares will generate the highest return on investment. By undertsting and applying Nexalin Technology stock market strength indicators, traders can identify Nexalin Technology entry and exit signals to maximize returns.
Nexalin Technology Risk Indicators
The analysis of Nexalin Technology'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 Nexalin Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nexalin 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 | 10.48 | |||
| Semi Deviation | 8.44 | |||
| Standard Deviation | 16.45 | |||
| Variance | 270.62 | |||
| Downside Variance | 101.9 | |||
| Semi Variance | 71.26 | |||
| Expected Short fall | (14.96) |
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 Nexalin Technology 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, Nexalin Technology's short interest history, or implied volatility extrapolated from Nexalin Technology options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Nexalin Technology to cross-verify your projections. For more information on how to buy Nexalin Stock please use our How to buy in Nexalin Stock guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Nexalin Stock analysis
When running Nexalin Technology's price analysis, check to measure Nexalin Technology'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 Nexalin Technology is operating at the current time. Most of Nexalin Technology's value examination focuses on studying past and present price action to predict the probability of Nexalin Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexalin Technology's price. Additionally, you may evaluate how the addition of Nexalin Technology to your portfolios can decrease your overall portfolio volatility.
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Is Nexalin Technology'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 Nexalin Technology. If investors know Nexalin 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 Nexalin Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.63) | Revenue Per Share 0.015 | Quarterly Revenue Growth (0.47) | Return On Assets (0.64) | Return On Equity (1.07) |
The market value of Nexalin Technology is measured differently than its book value, which is the value of Nexalin that is recorded on the company's balance sheet. Investors also form their own opinion of Nexalin Technology's value that differs from its market value or its book value, called intrinsic value, which is Nexalin Technology'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 Nexalin Technology's market value can be influenced by many factors that don't directly affect Nexalin Technology'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 Nexalin Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexalin Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexalin Technology'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.