Prothena Plc Stock Forecast - Polynomial Regression
| PRTA Stock | USD 21.00 0.34 1.59% |
The Polynomial Regression forecasted value of Prothena plc on the next trading day is expected to be 19.26 with a mean absolute deviation of 1.16 and the sum of the absolute errors of 70.81. Prothena Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Prothena Plc stock prices and determine the direction of Prothena plc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Prothena Plc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Prothena Plc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Prothena Plc's systematic risk associated with finding meaningful patterns of Prothena Plc fundamentals over time.
Check out Historical Fundamental Analysis of Prothena Plc to cross-verify your projections. Prothena |
Open Interest Against 2024-04-19 Prothena Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Prothena Plc'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 Prothena Plc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Prothena Plc 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 Prothena Plc's open interest, investors have to compare it to Prothena Plc'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 Prothena Plc 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 Prothena. 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 Prothena Plc 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 Prothena Plc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Prothena Plc's price structures and extracts relationships that further increase the generated results' accuracy.
Prothena Plc polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Prothena plc as well as the accuracy indicators are determined from the period prices. Prothena Plc Polynomial Regression Price Forecast For the 18th of April 2024
Given 90 days horizon, the Polynomial Regression forecasted value of Prothena plc on the next trading day is expected to be 19.26 with a mean absolute deviation of 1.16, mean absolute percentage error of 2.07, and the sum of the absolute errors of 70.81.Please note that although there have been many attempts to predict Prothena 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 Prothena Plc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prothena Plc Stock Forecast Pattern
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Prothena Plc Forecasted Value
In the context of forecasting Prothena Plc'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. Prothena Plc's downside and upside margins for the forecasting period are 15.43 and 23.09, respectively. We have considered Prothena Plc'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Prothena Plc stock data series using in forecasting. Note that when a statistical model is used to represent Prothena Plc 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 | 118.8393 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1609 |
| MAPE | Mean absolute percentage error | 0.0427 |
| SAE | Sum of the absolute errors | 70.8125 |
Predictive Modules for Prothena Plc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prothena plc. 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 Prothena Plc'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 Prothena Plc
For every potential investor in Prothena, whether a beginner or expert, Prothena Plc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prothena Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prothena. Basic forecasting techniques help filter out the noise by identifying Prothena Plc's price trends.View Prothena Plc Related Equities
| Risk & Return | Correlation |
Prothena plc 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 Prothena Plc'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 Prothena Plc's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Prothena Plc Market Strength Events
Market strength indicators help investors to evaluate how Prothena Plc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prothena Plc shares will generate the highest return on investment. By undertsting and applying Prothena Plc stock market strength indicators, traders can identify Prothena plc entry and exit signals to maximize returns.
| Accumulation Distribution | 16089.3 | |||
| Daily Balance Of Power | (0.45) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 21.33 | |||
| Day Typical Price | 21.22 | |||
| Price Action Indicator | (0.49) | |||
| Period Momentum Indicator | (0.34) | |||
| Relative Strength Index | 36.78 |
Prothena Plc Risk Indicators
The analysis of Prothena Plc'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 Prothena Plc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prothena 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 | 2.97 | |||
| Standard Deviation | 3.77 | |||
| Variance | 14.24 |
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.
Prothena Plc Investors Sentiment
The influence of Prothena Plc'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 Prothena. 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 Prothena Plc's public news can be used to forecast risks associated with an investment in Prothena. The trend in average sentiment can be used to explain how an investor holding Prothena can time the market purely based on public headlines and social activities around Prothena plc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Prothena Plc's 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 Prothena Plc's 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 Prothena Plc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Prothena Plc.
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 Prothena Plc 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, Prothena Plc's short interest history, or implied volatility extrapolated from Prothena Plc options trading.
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Check out Historical Fundamental Analysis of Prothena Plc to cross-verify your projections. For information on how to trade Prothena Stock refer to our How to Trade Prothena Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Prothena Plc's price analysis, check to measure Prothena Plc'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 Prothena Plc is operating at the current time. Most of Prothena Plc's value examination focuses on studying past and present price action to predict the probability of Prothena Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prothena Plc's price. Additionally, you may evaluate how the addition of Prothena Plc to your portfolios can decrease your overall portfolio volatility.
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Is Prothena Plc'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 Prothena Plc. If investors know Prothena 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 Prothena Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.76) | Revenue Per Share 1.717 | Quarterly Revenue Growth (0.99) | Return On Assets (0.16) | Return On Equity (0.25) |
The market value of Prothena plc is measured differently than its book value, which is the value of Prothena that is recorded on the company's balance sheet. Investors also form their own opinion of Prothena Plc's value that differs from its market value or its book value, called intrinsic value, which is Prothena Plc'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 Prothena Plc's market value can be influenced by many factors that don't directly affect Prothena Plc'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 Prothena Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prothena Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prothena Plc'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.