Xenon Pharmaceuticals Stock Forecast - Simple Exponential Smoothing
| XENE Stock | USD 40.31 1.32 3.17% |
The Simple Exponential Smoothing forecasted value of Xenon Pharmaceuticals on the next trading day is expected to be 40.34 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 38.23. Xenon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Xenon Pharmaceuticals stock prices and determine the direction of Xenon Pharmaceuticals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Xenon Pharmaceuticals' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Xenon Pharmaceuticals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Xenon Pharmaceuticals' systematic risk associated with finding meaningful patterns of Xenon Pharmaceuticals fundamentals over time.
Check out Historical Fundamental Analysis of Xenon Pharmaceuticals to cross-verify your projections. Xenon |
Open Interest Against 2024-04-19 Xenon Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Xenon Pharmaceuticals 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 Xenon Pharmaceuticals' open interest, investors have to compare it to Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals 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 Xenon. 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 Xenon Pharmaceuticals 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 Xenon Pharmaceuticals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Xenon Pharmaceuticals' price structures and extracts relationships that further increase the generated results' accuracy.
Xenon Pharmaceuticals simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Xenon Pharmaceuticals are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Xenon Pharmaceuticals prices get older. Xenon Pharmaceuticals Simple Exponential Smoothing Price Forecast For the 20th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Xenon Pharmaceuticals on the next trading day is expected to be 40.34 with a mean absolute deviation of 0.64, mean absolute percentage error of 0.64, and the sum of the absolute errors of 38.23.Please note that although there have been many attempts to predict Xenon 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 Xenon Pharmaceuticals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Xenon Pharmaceuticals Stock Forecast Pattern
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Xenon Pharmaceuticals Forecasted Value
In the context of forecasting Xenon Pharmaceuticals' 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. Xenon Pharmaceuticals' downside and upside margins for the forecasting period are 38.57 and 42.11, respectively. We have considered Xenon Pharmaceuticals' 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Xenon Pharmaceuticals stock data series using in forecasting. Note that when a statistical model is used to represent Xenon Pharmaceuticals 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 | 115.8272 |
| Bias | Arithmetic mean of the errors | 0.0732 |
| MAD | Mean absolute deviation | 0.6372 |
| MAPE | Mean absolute percentage error | 0.0141 |
| SAE | Sum of the absolute errors | 38.2349 |
Predictive Modules for Xenon Pharmaceuticals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Xenon Pharmaceuticals. 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 Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals
For every potential investor in Xenon, whether a beginner or expert, Xenon Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Xenon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Xenon. Basic forecasting techniques help filter out the noise by identifying Xenon Pharmaceuticals' price trends.View Xenon Pharmaceuticals Related Equities
| Risk & Return | Correlation |
Xenon Pharmaceuticals 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 Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals' current price.| Cycle Indicators | ||
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Xenon Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Xenon Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Xenon Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Xenon Pharmaceuticals stock market strength indicators, traders can identify Xenon Pharmaceuticals entry and exit signals to maximize returns.
Xenon Pharmaceuticals Risk Indicators
The analysis of Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xenon 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 | 1.44 | |||
| Standard Deviation | 1.82 | |||
| Variance | 3.33 |
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.When determining whether Xenon Pharmaceuticals is a strong investment it is important to analyze Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals' future performance. For an informed investment choice regarding Xenon Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Xenon Pharmaceuticals to cross-verify your projections. For information on how to trade Xenon Stock refer to our How to Trade Xenon Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Xenon Stock analysis
When running Xenon Pharmaceuticals' price analysis, check to measure Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals is operating at the current time. Most of Xenon Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Xenon Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xenon Pharmaceuticals' price. Additionally, you may evaluate how the addition of Xenon Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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Is Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals. If investors know Xenon 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 Xenon Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.73) | Quarterly Revenue Growth (1.00) | Return On Assets (0.16) | Return On Equity (0.22) |
The market value of Xenon Pharmaceuticals is measured differently than its book value, which is the value of Xenon that is recorded on the company's balance sheet. Investors also form their own opinion of Xenon Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals' market value can be influenced by many factors that don't directly affect Xenon Pharmaceuticals' 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 Xenon Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Xenon Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xenon Pharmaceuticals' 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.