Unity Software Stock Forecast - Simple Regression

U Stock  USD 23.94  0.49  2.01%   
The Simple Regression forecasted value of Unity Software on the next trading day is expected to be 24.01 with a mean absolute deviation of  1.08  and the sum of the absolute errors of 66.04. Unity Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Unity Software stock prices and determine the direction of Unity Software's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Unity Software's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Unity Software's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Unity Software's systematic risk associated with finding meaningful patterns of Unity Software fundamentals over time.
Check out Historical Fundamental Analysis of Unity Software to cross-verify your projections.
For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.
  
At this time, Unity Software's Payables Turnover is comparatively stable compared to the past year. Asset Turnover is likely to gain to 0.43 in 2024, whereas Inventory Turnover is likely to drop 4.60 in 2024. . Common Stock Shares Outstanding is likely to drop to about 293.3 M in 2024. Net Loss is likely to gain to about (787.5 M) in 2024.

Open Interest Against 2024-04-19 Unity Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Unity Software'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 Unity Software's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Unity Software 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 Unity Software's open interest, investors have to compare it to Unity Software'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 Unity Software 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 Unity. 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 Unity Software 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 Unity Software's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Unity Software's 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 Unity Software 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.

Unity Software Simple Regression Price Forecast For the 17th of April 2024

Given 90 days horizon, the Simple Regression forecasted value of Unity Software on the next trading day is expected to be 24.01 with a mean absolute deviation of 1.08, mean absolute percentage error of 1.97, and the sum of the absolute errors of 66.04.
Please note that although there have been many attempts to predict Unity 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 Unity Software's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Unity Software Stock Forecast Pattern

Backtest Unity SoftwareUnity Software Price PredictionBuy or Sell Advice 

Unity Software Forecasted Value

In the context of forecasting Unity Software'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. Unity Software's downside and upside margins for the forecasting period are 21.29 and 26.74, respectively. We have considered Unity Software'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
23.94
24.01
Expected Value
26.74
Upside

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 Unity Software stock data series using in forecasting. Note that when a statistical model is used to represent Unity Software 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 Criteria118.786
BiasArithmetic mean of the errors None
MADMean absolute deviation1.0827
MAPEMean absolute percentage error0.0367
SAESum of the absolute errors66.0421
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Unity Software historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Unity Software

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Unity Software. 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 Unity Software'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
21.8224.5427.26
Details
Intrinsic
Valuation
LowRealHigh
21.9928.1130.83
Details
27 Analysts
Consensus
LowTargetHigh
39.1943.0747.81
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-1-0.63-0.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Unity Software. Your research has to be compared to or analyzed against Unity Software's peers to derive any actionable benefits. When done correctly, Unity Software'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 Unity Software.

Other Forecasting Options for Unity Software

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

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

Unity Software 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 Unity Software'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 Unity Software's current price.

Unity Software Market Strength Events

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

Unity Software Risk Indicators

The analysis of Unity Software'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 Unity Software's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting unity 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.

Unity Software Investors Sentiment

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

Unity Software Implied Volatility

    
  68.4  
Unity Software's implied volatility exposes the market's sentiment of Unity Software stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Unity Software'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 Unity Software stock will not fluctuate a lot when Unity Software'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 Unity Software 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, Unity Software's short interest history, or implied volatility extrapolated from Unity Software options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Unity Software is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Unity Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Unity Software Stock. Highlighted below are key reports to facilitate an investment decision about Unity Software Stock:
Check out Historical Fundamental Analysis of Unity Software to cross-verify your projections.
For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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When running Unity Software's price analysis, check to measure Unity Software'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 Unity Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.
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Is Unity Software'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 Unity Software. If investors know Unity 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 Unity Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.16)
Revenue Per Share
5.749
Quarterly Revenue Growth
0.351
Return On Assets
(0.06)
Return On Equity
(0.23)
The market value of Unity Software is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Software's value that differs from its market value or its book value, called intrinsic value, which is Unity Software'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 Unity Software's market value can be influenced by many factors that don't directly affect Unity Software'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 Unity Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Software'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.