Planet Labs Stock Forecast - Polynomial Regression
| PL Stock | USD 1.76 0.01 0.57% |
The Polynomial Regression forecasted value of Planet Labs PBC on the next trading day is expected to be 1.61 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 5.06. Planet Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Planet Labs stock prices and determine the direction of Planet Labs PBC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Planet Labs' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Planet Labs' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Planet Labs' systematic risk associated with finding meaningful patterns of Planet Labs fundamentals over time.
Check out Historical Fundamental Analysis of Planet Labs to cross-verify your projections. Planet |
Open Interest Against 2024-04-19 Planet Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Planet Labs' 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 Planet Labs' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Planet Labs 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 Planet Labs' open interest, investors have to compare it to Planet Labs' 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 Planet Labs 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 Planet. 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 Planet Labs 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 Planet Labs' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Planet Labs' price structures and extracts relationships that further increase the generated results' accuracy.
Planet Labs polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Planet Labs PBC as well as the accuracy indicators are determined from the period prices. Planet Labs Polynomial Regression Price Forecast For the 20th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Planet Labs PBC on the next trading day is expected to be 1.61 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.06.Please note that although there have been many attempts to predict Planet 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 Planet Labs' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Planet Labs Stock Forecast Pattern
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Planet Labs Forecasted Value
In the context of forecasting Planet Labs' 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. Planet Labs' downside and upside margins for the forecasting period are 0.02 and 5.14, respectively. We have considered Planet Labs' 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Planet Labs stock data series using in forecasting. Note that when a statistical model is used to represent Planet Labs 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 | 113.5741 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0829 |
| MAPE | Mean absolute percentage error | 0.037 |
| SAE | Sum of the absolute errors | 5.056 |
Predictive Modules for Planet Labs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Planet Labs PBC. 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 Planet Labs' 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 Planet Labs
For every potential investor in Planet, whether a beginner or expert, Planet Labs' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Planet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Planet. Basic forecasting techniques help filter out the noise by identifying Planet Labs' price trends.Planet Labs 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 Planet Labs stock to make a market-neutral strategy. Peer analysis of Planet Labs could also be used in its relative valuation, which is a method of valuing Planet Labs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Planet Labs PBC 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 Planet Labs' 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 Planet Labs' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Planet Labs Market Strength Events
Market strength indicators help investors to evaluate how Planet Labs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Planet Labs shares will generate the highest return on investment. By undertsting and applying Planet Labs stock market strength indicators, traders can identify Planet Labs PBC entry and exit signals to maximize returns.
Planet Labs Risk Indicators
The analysis of Planet Labs' 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 Planet Labs' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting planet 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 | 2.62 | |||
| Standard Deviation | 3.61 | |||
| Variance | 13.02 |
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.
Planet Labs Investors Sentiment
The influence of Planet Labs' 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 Planet. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Planet Labs' public news can be used to forecast risks associated with an investment in Planet. The trend in average sentiment can be used to explain how an investor holding Planet can time the market purely based on public headlines and social activities around Planet Labs PBC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Planet Labs' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Planet Labs' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Planet Labs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Planet Labs.
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 Planet Labs 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, Planet Labs' short interest history, or implied volatility extrapolated from Planet Labs options trading.
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Check out Historical Fundamental Analysis of Planet Labs to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Planet Stock analysis
When running Planet Labs' price analysis, check to measure Planet Labs' 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 Planet Labs is operating at the current time. Most of Planet Labs' value examination focuses on studying past and present price action to predict the probability of Planet Labs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Labs' price. Additionally, you may evaluate how the addition of Planet Labs to your portfolios can decrease your overall portfolio volatility.
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Is Planet Labs' 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 Planet Labs. If investors know Planet 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 Planet Labs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.50) | Revenue Per Share 0.789 | Quarterly Revenue Growth 0.111 | Return On Assets (0.14) | Return On Equity (0.26) |
The market value of Planet Labs PBC is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Labs' value that differs from its market value or its book value, called intrinsic value, which is Planet Labs' 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 Planet Labs' market value can be influenced by many factors that don't directly affect Planet Labs' 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 Planet Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Labs' 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.