Beauty Health Stock Forecast - Polynomial Regression
| SKIN Stock | USD 3.27 0.16 4.66% |
The Polynomial Regression forecasted value of Beauty Health Co on the next trading day is expected to be 3.01 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.63. Beauty Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Beauty Health stock prices and determine the direction of Beauty Health Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Beauty Health's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Beauty Health's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Beauty Health's systematic risk associated with finding meaningful patterns of Beauty Health fundamentals over time.
Check out Historical Fundamental Analysis of Beauty Health to cross-verify your projections. Beauty |
Open Interest Against 2024-04-19 Beauty Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Beauty Health'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 Beauty Health's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Beauty Health 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 Beauty Health's open interest, investors have to compare it to Beauty Health'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 Beauty Health 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 Beauty. 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 Beauty Health 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 Beauty Health's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Beauty Health's price structures and extracts relationships that further increase the generated results' accuracy.
Beauty Health polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Beauty Health Co as well as the accuracy indicators are determined from the period prices. Beauty Health Polynomial Regression Price Forecast For the 20th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Beauty Health Co on the next trading day is expected to be 3.01 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.63.Please note that although there have been many attempts to predict Beauty 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 Beauty Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Beauty Health Stock Forecast Pattern
| Backtest Beauty Health | Beauty Health Price Prediction | Buy or Sell Advice |
Beauty Health Forecasted Value
In the context of forecasting Beauty Health'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. Beauty Health's downside and upside margins for the forecasting period are 0.03 and 8.40, respectively. We have considered Beauty Health'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 Beauty Health stock data series using in forecasting. Note that when a statistical model is used to represent Beauty Health 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 | 114.8151 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1579 |
| MAPE | Mean absolute percentage error | 0.0451 |
| SAE | Sum of the absolute errors | 9.6305 |
Predictive Modules for Beauty Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Beauty Health. 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 Beauty Health'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 Beauty Health
For every potential investor in Beauty, whether a beginner or expert, Beauty Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Beauty Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Beauty. Basic forecasting techniques help filter out the noise by identifying Beauty Health's price trends.Beauty Health 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 Beauty Health stock to make a market-neutral strategy. Peer analysis of Beauty Health could also be used in its relative valuation, which is a method of valuing Beauty Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Beauty Health 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 Beauty Health'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 Beauty Health's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Beauty Health Market Strength Events
Market strength indicators help investors to evaluate how Beauty Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beauty Health shares will generate the highest return on investment. By undertsting and applying Beauty Health stock market strength indicators, traders can identify Beauty Health Co entry and exit signals to maximize returns.
| Accumulation Distribution | 121427.0 | |||
| Daily Balance Of Power | (0.62) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 3.35 | |||
| Day Typical Price | 3.32 | |||
| Price Action Indicator | (0.16) | |||
| Period Momentum Indicator | (0.16) |
Beauty Health Risk Indicators
The analysis of Beauty Health'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 Beauty Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting beauty 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 | 4.38 | |||
| Semi Deviation | 4.0 | |||
| Standard Deviation | 5.61 | |||
| Variance | 31.51 | |||
| Downside Variance | 17.93 | |||
| Semi Variance | 15.97 | |||
| Expected Short fall | (5.47) |
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.
Currently Active Assets on Macroaxis
When determining whether Beauty Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Beauty Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Beauty Health Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Beauty Health Co Stock:Check out Historical Fundamental Analysis of Beauty Health to cross-verify your projections. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Beauty Stock analysis
When running Beauty Health's price analysis, check to measure Beauty Health'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 Beauty Health is operating at the current time. Most of Beauty Health's value examination focuses on studying past and present price action to predict the probability of Beauty Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beauty Health's price. Additionally, you may evaluate how the addition of Beauty Health to your portfolios can decrease your overall portfolio volatility.
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Is Beauty Health'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 Beauty Health. If investors know Beauty 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 Beauty Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.76) | Revenue Per Share 3.022 | Quarterly Revenue Growth (0.01) | Return On Assets (0.08) | Return On Equity (0.88) |
The market value of Beauty Health is measured differently than its book value, which is the value of Beauty that is recorded on the company's balance sheet. Investors also form their own opinion of Beauty Health's value that differs from its market value or its book value, called intrinsic value, which is Beauty Health'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 Beauty Health's market value can be influenced by many factors that don't directly affect Beauty Health'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 Beauty Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beauty Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beauty Health'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.