Veritone Stock Forecast - Polynomial Regression

VERI Stock  USD 5.76  0.40  6.49%   
The Polynomial Regression forecasted value of Veritone on the next trading day is expected to be 6.12 with a mean absolute deviation of  0.28  and the sum of the absolute errors of 17.31. Veritone Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Veritone stock prices and determine the direction of Veritone's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Veritone's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Veritone's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Veritone's systematic risk associated with finding meaningful patterns of Veritone fundamentals over time.
Check out Historical Fundamental Analysis of Veritone to cross-verify your projections.
For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.
  
As of now, Veritone's Payables Turnover is increasing as compared to previous years. The Veritone's current Asset Turnover is estimated to increase to 0.36, while Inventory Turnover is projected to decrease to (0.77). . The current Common Stock Shares Outstanding is estimated to decrease to about 22.4 M. The current Net Loss is estimated to decrease to about (24.2 M).

Open Interest Against 2024-04-19 Veritone Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Veritone'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 Veritone's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Veritone 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 Veritone's open interest, investors have to compare it to Veritone'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 Veritone 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 Veritone. 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 Veritone 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 Veritone's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Veritone's price structures and extracts relationships that further increase the generated results' accuracy.
Veritone polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Veritone as well as the accuracy indicators are determined from the period prices.

Veritone Polynomial Regression Price Forecast For the 29th of March

Given 90 days horizon, the Polynomial Regression forecasted value of Veritone on the next trading day is expected to be 6.12 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.15, and the sum of the absolute errors of 17.31.
Please note that although there have been many attempts to predict Veritone 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 Veritone's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Veritone Stock Forecast Pattern

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Veritone Forecasted Value

In the context of forecasting Veritone'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. Veritone's downside and upside margins for the forecasting period are 0.06 and 17.29, respectively. We have considered Veritone'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
5.76
6.12
Expected Value
17.29
Upside

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 Veritone stock data series using in forecasting. Note that when a statistical model is used to represent Veritone 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 Criteria118.0317
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2792
MAPEMean absolute percentage error0.1249
SAESum of the absolute errors17.3116
A single variable polynomial regression model attempts to put a curve through the Veritone historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Veritone

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Veritone. 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 Veritone'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
0.346.7117.87
Details
Intrinsic
Valuation
LowRealHigh
0.183.6814.84
Details
2 Analysts
Consensus
LowTargetHigh
2.853.133.47
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Veritone. Your research has to be compared to or analyzed against Veritone's peers to derive any actionable benefits. When done correctly, Veritone'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 Veritone.

Other Forecasting Options for Veritone

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

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

Veritone 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 Veritone'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 Veritone's current price.

Veritone Market Strength Events

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

Veritone Risk Indicators

The analysis of Veritone'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 Veritone's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting veritone 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.
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 Veritone 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, Veritone's short interest history, or implied volatility extrapolated from Veritone 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 Veritone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veritone'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 Veritone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veritone Stock:
Check out Historical Fundamental Analysis of Veritone to cross-verify your projections.
For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Veritone's price analysis, check to measure Veritone'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 Veritone is operating at the current time. Most of Veritone's value examination focuses on studying past and present price action to predict the probability of Veritone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veritone's price. Additionally, you may evaluate how the addition of Veritone to your portfolios can decrease your overall portfolio volatility.
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Is Veritone'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 Veritone. If investors know Veritone 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 Veritone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.79)
Revenue Per Share
3.456
Quarterly Revenue Growth
(0.22)
Return On Assets
(0.12)
Return On Equity
(0.99)
The market value of Veritone is measured differently than its book value, which is the value of Veritone that is recorded on the company's balance sheet. Investors also form their own opinion of Veritone's value that differs from its market value or its book value, called intrinsic value, which is Veritone'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 Veritone's market value can be influenced by many factors that don't directly affect Veritone'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 Veritone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veritone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veritone'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.