Olink Holding Stock Forecast - Simple Regression
| OLK Stock | USD 22.43 0.23 1.04% |
The Simple Regression forecasted value of Olink Holding AB on the next trading day is expected to be 22.66 with a mean absolute deviation of 0.61 and the sum of the absolute errors of 37.25. Olink Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Olink Holding stock prices and determine the direction of Olink Holding AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Olink Holding's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Olink Holding's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Olink Holding's systematic risk associated with finding meaningful patterns of Olink Holding fundamentals over time.
Check out Historical Fundamental Analysis of Olink Holding to cross-verify your projections. Olink |
Open Interest Against 2024-05-17 Olink Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Olink Holding'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 in Olink Holding's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Olink Holding stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Olink Holding's open interest, investors have to compare it to Olink Holding'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 Olink Holding 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 Olink. 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 Olink Holding 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 Olink Holding's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Olink Holding's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through Olink Holding price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X. Olink Holding Simple Regression Price Forecast For the 25th of April
Given 90 days horizon, the Simple Regression forecasted value of Olink Holding AB on the next trading day is expected to be 22.66 with a mean absolute deviation of 0.61, mean absolute percentage error of 0.58, and the sum of the absolute errors of 37.25.Please note that although there have been many attempts to predict Olink 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 Olink Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Olink Holding Stock Forecast Pattern
| Backtest Olink Holding | Olink Holding Price Prediction | Buy or Sell Advice |
Olink Holding Forecasted Value
In the context of forecasting Olink Holding'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. Olink Holding's downside and upside margins for the forecasting period are 21.28 and 24.03, respectively. We have considered Olink Holding'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Olink Holding stock data series using in forecasting. Note that when a statistical model is used to represent Olink Holding 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 | 117.5683 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6107 |
| MAPE | Mean absolute percentage error | 0.0263 |
| SAE | Sum of the absolute errors | 37.2512 |
Predictive Modules for Olink Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Olink Holding AB. 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 Olink Holding'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 Olink Holding
For every potential investor in Olink, whether a beginner or expert, Olink Holding's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Olink Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Olink. Basic forecasting techniques help filter out the noise by identifying Olink Holding's price trends.Olink Holding 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 Olink Holding stock to make a market-neutral strategy. Peer analysis of Olink Holding could also be used in its relative valuation, which is a method of valuing Olink Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Olink Holding AB 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 Olink Holding'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 Olink Holding's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Olink Holding Market Strength Events
Market strength indicators help investors to evaluate how Olink Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Olink Holding shares will generate the highest return on investment. By undertsting and applying Olink Holding stock market strength indicators, traders can identify Olink Holding AB entry and exit signals to maximize returns.
Olink Holding Risk Indicators
The analysis of Olink Holding'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 Olink Holding's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting olink 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 | 0.7486 | |||
| Standard Deviation | 1.34 | |||
| Variance | 1.78 |
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 Olink Holding to cross-verify your projections. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Olink Stock analysis
When running Olink Holding's price analysis, check to measure Olink Holding'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 Olink Holding is operating at the current time. Most of Olink Holding's value examination focuses on studying past and present price action to predict the probability of Olink Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olink Holding's price. Additionally, you may evaluate how the addition of Olink Holding to your portfolios can decrease your overall portfolio volatility.
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Is Olink Holding'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 Olink Holding. If investors know Olink 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 Olink Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.25) | Revenue Per Share 1.368 | Quarterly Revenue Growth 0.184 | Return On Assets (0.06) | Return On Equity (0.07) |
The market value of Olink Holding AB is measured differently than its book value, which is the value of Olink that is recorded on the company's balance sheet. Investors also form their own opinion of Olink Holding's value that differs from its market value or its book value, called intrinsic value, which is Olink Holding'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 Olink Holding's market value can be influenced by many factors that don't directly affect Olink Holding'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 Olink Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olink Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olink Holding'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.