Thermo Fisher Stock Forecast - Naive Prediction

TMO Stock  USD 574.99  6.27  1.10%   
The Naive Prediction forecasted value of Thermo Fisher Scientific on the next trading day is expected to be 580.65 with a mean absolute deviation of  6.20  and the sum of the absolute errors of 378.49. Thermo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Thermo Fisher stock prices and determine the direction of Thermo Fisher Scientific's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Thermo Fisher's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Thermo Fisher's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Thermo Fisher's systematic risk associated with finding meaningful patterns of Thermo Fisher fundamentals over time.
Check out Historical Fundamental Analysis of Thermo Fisher to cross-verify your projections.
  
At this time, Thermo Fisher's Fixed Asset Turnover is very stable compared to the past year. As of the 1st of May 2024, Asset Turnover is likely to grow to 0.63, while Inventory Turnover is likely to drop 3.38. . As of the 1st of May 2024, Net Income Applicable To Common Shares is likely to grow to about 8.4 B, while Common Stock Shares Outstanding is likely to drop about 272.7 M.

Open Interest Against 2024-05-03 Thermo Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Thermo Fisher'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 Thermo Fisher's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Thermo Fisher 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 Thermo Fisher's open interest, investors have to compare it to Thermo Fisher'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 Thermo Fisher 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 Thermo. 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 Thermo Fisher 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 Thermo Fisher's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Thermo Fisher's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Thermo Fisher is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Thermo Fisher Scientific value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Thermo Fisher Naive Prediction Price Forecast For the 2nd of May

Given 90 days horizon, the Naive Prediction forecasted value of Thermo Fisher Scientific on the next trading day is expected to be 580.65 with a mean absolute deviation of 6.20, mean absolute percentage error of 62.64, and the sum of the absolute errors of 378.49.
Please note that although there have been many attempts to predict Thermo 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 Thermo Fisher's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Thermo Fisher Stock Forecast Pattern

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Thermo Fisher Forecasted Value

In the context of forecasting Thermo Fisher'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. Thermo Fisher's downside and upside margins for the forecasting period are 579.51 and 581.80, respectively. We have considered Thermo Fisher'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.
Market Value
574.99
579.51
Downside
580.65
Expected Value
581.80
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Thermo Fisher stock data series using in forecasting. Note that when a statistical model is used to represent Thermo Fisher 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 Criteria122.2478
BiasArithmetic mean of the errors None
MADMean absolute deviation6.2048
MAPEMean absolute percentage error0.0109
SAESum of the absolute errors378.4928
This model is not at all useful as a medium-long range forecasting tool of Thermo Fisher Scientific. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Thermo Fisher. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Thermo Fisher

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thermo Fisher Scientific. 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 Thermo Fisher'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.
Hype
Prediction
LowEstimatedHigh
567.58568.72569.86
Details
Intrinsic
Valuation
LowRealHigh
567.54568.68569.82
Details
Bollinger
Band Projection (param)
LowMiddleHigh
543.60568.49593.39
Details
27 Analysts
Consensus
LowTargetHigh
547.71601.88668.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thermo Fisher. Your research has to be compared to or analyzed against Thermo Fisher's peers to derive any actionable benefits. When done correctly, Thermo Fisher's 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 Thermo Fisher Scientific.

Other Forecasting Options for Thermo Fisher

For every potential investor in Thermo, whether a beginner or expert, Thermo Fisher's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thermo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thermo. Basic forecasting techniques help filter out the noise by identifying Thermo Fisher's price trends.

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

Thermo Fisher Scientific 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 Thermo Fisher'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 Thermo Fisher's current price.

Thermo Fisher Market Strength Events

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

Thermo Fisher Risk Indicators

The analysis of Thermo Fisher'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 Thermo Fisher's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thermo 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.

Thermo Fisher Investors Sentiment

The influence of Thermo Fisher'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 Thermo. 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 Thermo Fisher's public news can be used to forecast risks associated with an investment in Thermo. The trend in average sentiment can be used to explain how an investor holding Thermo can time the market purely based on public headlines and social activities around Thermo Fisher Scientific. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Thermo Fisher'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 Thermo Fisher'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 Thermo Fisher's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Thermo Fisher.

Thermo Fisher Implied Volatility

    
  60.77  
Thermo Fisher's implied volatility exposes the market's sentiment of Thermo Fisher Scientific stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Thermo Fisher's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Thermo Fisher stock will not fluctuate a lot when Thermo Fisher's options are near their expiration.
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 Thermo Fisher 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, Thermo Fisher's short interest history, or implied volatility extrapolated from Thermo Fisher options trading.

Currently Active Assets on Macroaxis

When determining whether Thermo Fisher Scientific offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thermo Fisher'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 Thermo Fisher Scientific Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thermo Fisher Scientific Stock:
Check out Historical Fundamental Analysis of Thermo Fisher to cross-verify your projections.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Thermo Stock analysis

When running Thermo Fisher's price analysis, check to measure Thermo Fisher'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 Thermo Fisher is operating at the current time. Most of Thermo Fisher's value examination focuses on studying past and present price action to predict the probability of Thermo Fisher's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermo Fisher's price. Additionally, you may evaluate how the addition of Thermo Fisher to your portfolios can decrease your overall portfolio volatility.
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Is Thermo Fisher'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 Thermo Fisher. If investors know Thermo 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 Thermo Fisher listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.042
Dividend Share
1.44
Earnings Share
15.58
Revenue Per Share
110.369
Quarterly Revenue Growth
(0.03)
The market value of Thermo Fisher Scientific is measured differently than its book value, which is the value of Thermo that is recorded on the company's balance sheet. Investors also form their own opinion of Thermo Fisher's value that differs from its market value or its book value, called intrinsic value, which is Thermo Fisher'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 Thermo Fisher's market value can be influenced by many factors that don't directly affect Thermo Fisher'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 Thermo Fisher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermo Fisher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermo Fisher'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.