X4 Pharmaceuticals Stock Forecast - Simple Exponential Smoothing
| XFOR Stock | USD 1.36 0.10 7.94% |
The Simple Exponential Smoothing forecasted value of X4 Pharmaceuticals on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.98. XFOR Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast X4 Pharmaceuticals stock prices and determine the direction of X4 Pharmaceuticals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of X4 Pharmaceuticals' historical fundamentals, such as revenue growth or operating cash flow patterns. Although X4 Pharmaceuticals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of X4 Pharmaceuticals' systematic risk associated with finding meaningful patterns of X4 Pharmaceuticals fundamentals over time.
Check out Historical Fundamental Analysis of X4 Pharmaceuticals to cross-verify your projections. XFOR |
Open Interest Against 2024-05-17 XFOR Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast X4 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 X4 Pharmaceuticals' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for X4 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 X4 Pharmaceuticals' open interest, investors have to compare it to X4 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 X4 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 XFOR. 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 X4 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 X4 Pharmaceuticals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets X4 Pharmaceuticals' price structures and extracts relationships that further increase the generated results' accuracy.
X4 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 X4 Pharmaceuticals are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as X4 Pharmaceuticals prices get older. X4 Pharmaceuticals Simple Exponential Smoothing Price Forecast For the 24th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of X4 Pharmaceuticals on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 2.98.Please note that although there have been many attempts to predict XFOR 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 X4 Pharmaceuticals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
X4 Pharmaceuticals Stock Forecast Pattern
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X4 Pharmaceuticals Forecasted Value
In the context of forecasting X4 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. X4 Pharmaceuticals' downside and upside margins for the forecasting period are 0.01 and 7.61, respectively. We have considered X4 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 X4 Pharmaceuticals stock data series using in forecasting. Note that when a statistical model is used to represent X4 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 | 112.7028 |
| Bias | Arithmetic mean of the errors | -0.0102 |
| MAD | Mean absolute deviation | 0.0489 |
| MAPE | Mean absolute percentage error | 0.0454 |
| SAE | Sum of the absolute errors | 2.98 |
Predictive Modules for X4 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 X4 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 X4 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 X4 Pharmaceuticals
For every potential investor in XFOR, whether a beginner or expert, X4 Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. XFOR Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in XFOR. Basic forecasting techniques help filter out the noise by identifying X4 Pharmaceuticals' price trends.X4 Pharmaceuticals 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 X4 Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of X4 Pharmaceuticals could also be used in its relative valuation, which is a method of valuing X4 Pharmaceuticals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
X4 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 X4 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 X4 Pharmaceuticals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
X4 Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how X4 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 X4 Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying X4 Pharmaceuticals stock market strength indicators, traders can identify X4 Pharmaceuticals entry and exit signals to maximize returns.
| Accumulation Distribution | 283885.0 | |||
| Daily Balance Of Power | 0.625 | |||
| Rate Of Daily Change | 1.08 | |||
| Day Median Price | 1.28 | |||
| Day Typical Price | 1.31 | |||
| Price Action Indicator | 0.13 | |||
| Period Momentum Indicator | 0.1 |
X4 Pharmaceuticals Risk Indicators
The analysis of X4 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 X4 Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xfor 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 | 4.54 | |||
| Semi Deviation | 4.14 | |||
| Standard Deviation | 6.08 | |||
| Variance | 36.91 | |||
| Downside Variance | 21.77 | |||
| Semi Variance | 17.11 | |||
| Expected Short fall | (5.90) |
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 X4 Pharmaceuticals 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, X4 Pharmaceuticals' short interest history, or implied volatility extrapolated from X4 Pharmaceuticals 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 X4 Pharmaceuticals is a strong investment it is important to analyze X4 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 X4 Pharmaceuticals' future performance. For an informed investment choice regarding XFOR Stock, refer to the following important reports:Check out Historical Fundamental Analysis of X4 Pharmaceuticals to cross-verify your projections. To learn how to invest in XFOR Stock, please use our How to Invest in X4 Pharmaceuticals guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for XFOR Stock analysis
When running X4 Pharmaceuticals' price analysis, check to measure X4 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 X4 Pharmaceuticals is operating at the current time. Most of X4 Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of X4 Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move X4 Pharmaceuticals' price. Additionally, you may evaluate how the addition of X4 Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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Is X4 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 X4 Pharmaceuticals. If investors know XFOR 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 X4 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 (0.57) | Return On Assets (0.44) | Return On Equity (1.62) |
The market value of X4 Pharmaceuticals is measured differently than its book value, which is the value of XFOR that is recorded on the company's balance sheet. Investors also form their own opinion of X4 Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is X4 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 X4 Pharmaceuticals' market value can be influenced by many factors that don't directly affect X4 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 X4 Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if X4 Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, X4 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.