US Well Stock Forecast - Simple Regression
| USWSDelisted Stock | USD 7.41 0.26 3.64% |
The Simple Regression forecasted value of US Well Services on the next trading day is expected to be 6.39 with a mean absolute deviation of 0.49 and the sum of the absolute errors of 29.67. USWS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast US Well stock prices and determine the direction of US Well Services's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of US Well's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out World Market Map 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 housing. USWS |
Most investors in US Well 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 US Well's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets US Well'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 US Well 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. US Well Simple Regression Price Forecast For the 18th of April 2024
Given 90 days horizon, the Simple Regression forecasted value of US Well Services on the next trading day is expected to be 6.39 with a mean absolute deviation of 0.49, mean absolute percentage error of 0.35, and the sum of the absolute errors of 29.67.Please note that although there have been many attempts to predict USWS 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 US Well's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
US Well Stock Forecast Pattern
| Backtest US Well | US Well Price Prediction | Buy or Sell Advice |
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 US Well stock data series using in forecasting. Note that when a statistical model is used to represent US Well 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 | 117.0699 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4863 |
| MAPE | Mean absolute percentage error | 0.0807 |
| SAE | Sum of the absolute errors | 29.6667 |
Predictive Modules for US Well
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as US Well Services. 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 US Well'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.
US Well 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 US Well stock to make a market-neutral strategy. Peer analysis of US Well could also be used in its relative valuation, which is a method of valuing US Well by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
US Well Market Strength Events
Market strength indicators help investors to evaluate how US Well stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading US Well shares will generate the highest return on investment. By undertsting and applying US Well stock market strength indicators, traders can identify US Well Services entry and exit signals to maximize returns.
US Well Risk Indicators
The analysis of US Well'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 US Well's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting usws 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 | 3.38 | |||
| Semi Deviation | 3.43 | |||
| Standard Deviation | 4.03 | |||
| Variance | 16.21 | |||
| Downside Variance | 13.46 | |||
| Semi Variance | 11.78 | |||
| Expected Short fall | (3.93) |
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.
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.| LTC | Litecoin | |
| STETH | Staked Ether | |
| LINK | Chainlink |
Check out World Market Map 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 housing. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in USWS Stock
If you are still planning to invest in US Well Services 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 US Well's history and understand the potential risks before investing.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |