Tandem Diabetes Stock Forecast - Simple Regression
| TNDM Stock | USD 30.93 0.82 2.58% |
The Simple Regression forecasted value of Tandem Diabetes Care on the next trading day is expected to be 35.25 with a mean absolute deviation of 1.33 and the sum of the absolute errors of 82.69. Tandem Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Tandem Diabetes stock prices and determine the direction of Tandem Diabetes Care's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Tandem Diabetes' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Tandem Diabetes' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Tandem Diabetes' systematic risk associated with finding meaningful patterns of Tandem Diabetes fundamentals over time.
Check out Historical Fundamental Analysis of Tandem Diabetes to cross-verify your projections. Tandem |
Open Interest Against 2024-04-19 Tandem Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Tandem Diabetes' 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 Tandem Diabetes' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Tandem Diabetes 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 Tandem Diabetes' open interest, investors have to compare it to Tandem Diabetes' 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 Tandem Diabetes 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 Tandem. 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 Tandem Diabetes 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 Tandem Diabetes' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Tandem Diabetes' price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through Tandem Diabetes price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X. Tandem Diabetes Simple Regression Price Forecast For the 20th of April
Given 90 days horizon, the Simple Regression forecasted value of Tandem Diabetes Care on the next trading day is expected to be 35.25 with a mean absolute deviation of 1.33, mean absolute percentage error of 2.76, and the sum of the absolute errors of 82.69.Please note that although there have been many attempts to predict Tandem 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 Tandem Diabetes' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tandem Diabetes Stock Forecast Pattern
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Tandem Diabetes Forecasted Value
In the context of forecasting Tandem Diabetes' 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. Tandem Diabetes' downside and upside margins for the forecasting period are 30.25 and 40.24, respectively. We have considered Tandem Diabetes' 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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Tandem Diabetes stock data series using in forecasting. Note that when a statistical model is used to represent Tandem Diabetes 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 | 120.9653 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.3338 |
| MAPE | Mean absolute percentage error | 0.0463 |
| SAE | Sum of the absolute errors | 82.6935 |
Predictive Modules for Tandem Diabetes
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tandem Diabetes Care. 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 Tandem Diabetes' 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 Tandem Diabetes
For every potential investor in Tandem, whether a beginner or expert, Tandem Diabetes' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tandem Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tandem. Basic forecasting techniques help filter out the noise by identifying Tandem Diabetes' price trends.Tandem Diabetes 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 Tandem Diabetes stock to make a market-neutral strategy. Peer analysis of Tandem Diabetes could also be used in its relative valuation, which is a method of valuing Tandem Diabetes by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tandem Diabetes Care 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 Tandem Diabetes' 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 Tandem Diabetes' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Tandem Diabetes Market Strength Events
Market strength indicators help investors to evaluate how Tandem Diabetes stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tandem Diabetes shares will generate the highest return on investment. By undertsting and applying Tandem Diabetes stock market strength indicators, traders can identify Tandem Diabetes Care entry and exit signals to maximize returns.
| Accumulation Distribution | 53503.44 | |||
| Daily Balance Of Power | (0.52) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 31.36 | |||
| Day Typical Price | 31.21 | |||
| Price Action Indicator | (0.84) | |||
| Period Momentum Indicator | (0.82) |
Tandem Diabetes Risk Indicators
The analysis of Tandem Diabetes' 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 Tandem Diabetes' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tandem 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 | 3.58 | |||
| Semi Deviation | 3.55 | |||
| Standard Deviation | 4.92 | |||
| Variance | 24.22 | |||
| Downside Variance | 14.53 | |||
| Semi Variance | 12.63 | |||
| Expected Short fall | (4.61) |
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.
Tandem Diabetes Investors Sentiment
The influence of Tandem Diabetes' 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 Tandem. 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 Tandem Diabetes' public news can be used to forecast risks associated with an investment in Tandem. The trend in average sentiment can be used to explain how an investor holding Tandem can time the market purely based on public headlines and social activities around Tandem Diabetes Care. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Tandem Diabetes' 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 Tandem Diabetes' 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 Tandem Diabetes' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Tandem Diabetes.
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 Tandem Diabetes 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, Tandem Diabetes' short interest history, or implied volatility extrapolated from Tandem Diabetes options trading.
Currently Active Assets on Macroaxis
When determining whether Tandem Diabetes Care is a strong investment it is important to analyze Tandem Diabetes' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tandem Diabetes' future performance. For an informed investment choice regarding Tandem Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Tandem Diabetes to cross-verify your projections. Note that the Tandem Diabetes Care information on this page should be used as a complementary analysis to other Tandem Diabetes' 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Tandem Stock analysis
When running Tandem Diabetes' price analysis, check to measure Tandem Diabetes' 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 Tandem Diabetes is operating at the current time. Most of Tandem Diabetes' value examination focuses on studying past and present price action to predict the probability of Tandem Diabetes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tandem Diabetes' price. Additionally, you may evaluate how the addition of Tandem Diabetes to your portfolios can decrease your overall portfolio volatility.
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Is Tandem Diabetes' 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 Tandem Diabetes. If investors know Tandem 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 Tandem Diabetes 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 (0.37) | Earnings Share (3.43) | Revenue Per Share 11.509 | Quarterly Revenue Growth (0.11) | Return On Assets (0.1) |
The market value of Tandem Diabetes Care is measured differently than its book value, which is the value of Tandem that is recorded on the company's balance sheet. Investors also form their own opinion of Tandem Diabetes' value that differs from its market value or its book value, called intrinsic value, which is Tandem Diabetes' 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 Tandem Diabetes' market value can be influenced by many factors that don't directly affect Tandem Diabetes' 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 Tandem Diabetes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tandem Diabetes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tandem Diabetes' 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.