Prometheus Biosciences Stock Forecast - Polynomial Regression

RXDXDelisted Stock  USD 199.92  0.24  0.12%   
The Polynomial Regression forecasted value of Prometheus Biosciences on the next trading day is expected to be 190.52 with a mean absolute deviation of  11.80  and the sum of the absolute errors of 719.54. Prometheus Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Prometheus Biosciences stock prices and determine the direction of Prometheus Biosciences's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Prometheus Biosciences' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
  
Most investors in Prometheus Biosciences 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 Prometheus Biosciences' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Prometheus Biosciences' price structures and extracts relationships that further increase the generated results' accuracy.
Prometheus Biosciences polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Prometheus Biosciences as well as the accuracy indicators are determined from the period prices.

Prometheus Biosciences Polynomial Regression Price Forecast For the 29th of March

Given 90 days horizon, the Polynomial Regression forecasted value of Prometheus Biosciences on the next trading day is expected to be 190.52 with a mean absolute deviation of 11.80, mean absolute percentage error of 257.92, and the sum of the absolute errors of 719.54.
Please note that although there have been many attempts to predict Prometheus 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 Prometheus Biosciences' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Prometheus Biosciences Stock Forecast Pattern

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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 Prometheus Biosciences stock data series using in forecasting. Note that when a statistical model is used to represent Prometheus Biosciences 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.
AICAkaike Information Criteria123.6632
BiasArithmetic mean of the errors None
MADMean absolute deviation11.7957
MAPEMean absolute percentage error0.0821
SAESum of the absolute errors719.5356
A single variable polynomial regression model attempts to put a curve through the Prometheus Biosciences historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Prometheus Biosciences

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prometheus Biosciences. 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 Prometheus Biosciences' 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.
Hype
Prediction
LowEstimatedHigh
199.92199.92199.92
Details
Intrinsic
Valuation
LowRealHigh
150.07150.07219.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Prometheus Biosciences. Your research has to be compared to or analyzed against Prometheus Biosciences' peers to derive any actionable benefits. When done correctly, Prometheus Biosciences' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Prometheus Biosciences.

Prometheus Biosciences 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 Prometheus Biosciences stock to make a market-neutral strategy. Peer analysis of Prometheus Biosciences could also be used in its relative valuation, which is a method of valuing Prometheus Biosciences by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Prometheus Biosciences Market Strength Events

Market strength indicators help investors to evaluate how Prometheus Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prometheus Biosciences shares will generate the highest return on investment. By undertsting and applying Prometheus Biosciences stock market strength indicators, traders can identify Prometheus Biosciences entry and exit signals to maximize returns.

Prometheus Biosciences Risk Indicators

The analysis of Prometheus Biosciences' 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 Prometheus Biosciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prometheus 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.
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 Prometheus Biosciences 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, Prometheus Biosciences' short interest history, or implied volatility extrapolated from Prometheus Biosciences options trading.

Currently Active Assets on Macroaxis

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Prometheus Biosciences information on this page should be used as a complementary analysis to other Prometheus Biosciences' 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Consideration for investing in Prometheus Stock

If you are still planning to invest in Prometheus Biosciences check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Prometheus Biosciences' history and understand the potential risks before investing.
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