Phreesia Stock Forecast - 4 Period Moving Average
| 19P Stock | EUR 24.40 0.00 0.00% |
The 4 Period Moving Average forecasted value of Phreesia on the next trading day is expected to be 23.90 with a mean absolute deviation of 0.80 and the sum of the absolute errors of 45.45. Phreesia Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Phreesia's historical fundamentals, such as revenue growth or operating cash flow patterns.
Phreesia |
Phreesia 4 Period Moving Average Price Forecast For the 30th of December
Given 90 days horizon, the 4 Period Moving Average forecasted value of Phreesia on the next trading day is expected to be 23.90 with a mean absolute deviation of 0.80, mean absolute percentage error of 1.13, and the sum of the absolute errors of 45.45.Please note that although there have been many attempts to predict Phreesia 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 Phreesia's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Phreesia Stock Forecast Pattern
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Phreesia Forecasted Value
In the context of forecasting Phreesia'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. Phreesia's downside and upside margins for the forecasting period are 19.84 and 27.96, respectively. We have considered Phreesia'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Phreesia stock data series using in forecasting. Note that when a statistical model is used to represent Phreesia 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 | 110.8849 |
| Bias | Arithmetic mean of the errors | -0.1798 |
| MAD | Mean absolute deviation | 0.7974 |
| MAPE | Mean absolute percentage error | 0.0405 |
| SAE | Sum of the absolute errors | 45.45 |
Predictive Modules for Phreesia
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Phreesia. 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.Other Forecasting Options for Phreesia
For every potential investor in Phreesia, whether a beginner or expert, Phreesia's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Phreesia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Phreesia. Basic forecasting techniques help filter out the noise by identifying Phreesia's price trends.Phreesia 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 Phreesia stock to make a market-neutral strategy. Peer analysis of Phreesia could also be used in its relative valuation, which is a method of valuing Phreesia by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Phreesia 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 Phreesia'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 Phreesia's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Phreesia Market Strength Events
Market strength indicators help investors to evaluate how Phreesia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Phreesia shares will generate the highest return on investment. By undertsting and applying Phreesia stock market strength indicators, traders can identify Phreesia entry and exit signals to maximize returns.
Phreesia Risk Indicators
The analysis of Phreesia'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 Phreesia's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting phreesia 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 | 2.46 | |||
| Semi Deviation | 3.7 | |||
| Standard Deviation | 4.02 | |||
| Variance | 16.13 | |||
| Downside Variance | 18.51 | |||
| Semi Variance | 13.69 | |||
| Expected Short fall | (3.21) |
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.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Phreesia Stock
When determining whether Phreesia is a strong investment it is important to analyze Phreesia's 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 Phreesia's future performance. For an informed investment choice regarding Phreesia Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Phreesia to cross-verify your projections. For more detail on how to invest in Phreesia Stock please use our How to Invest in Phreesia guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.