Align Technology Stock Forecast - Simple Moving Average
| A1LG34 Stock | BRL 348.54 21.18 6.47% |
The Simple Moving Average forecasted value of Align Technology on the next trading day is expected to be 348.54 with a mean absolute deviation of 2.64 and the sum of the absolute errors of 155.47. Align Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Align Technology stock prices and determine the direction of Align Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Align Technology's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Align Technology Simple Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Align Technology on the next trading day is expected to be 348.54 with a mean absolute deviation of 2.64, mean absolute percentage error of 31.92, and the sum of the absolute errors of 155.47.Please note that although there have been many attempts to predict Align 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 Align Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Align Technology Stock Forecast Pattern
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Align Technology Forecasted Value
In the context of forecasting Align Technology'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. Align Technology's downside and upside margins for the forecasting period are 347.04 and 350.04, respectively. We have considered Align Technology'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Align Technology stock data series using in forecasting. Note that when a statistical model is used to represent Align Technology 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 | 117.8981 |
| Bias | Arithmetic mean of the errors | -0.6094 |
| MAD | Mean absolute deviation | 2.635 |
| MAPE | Mean absolute percentage error | 0.0081 |
| SAE | Sum of the absolute errors | 155.465 |
Predictive Modules for Align Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Align Technology. 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 Align Technology
For every potential investor in Align, whether a beginner or expert, Align Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Align Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Align. Basic forecasting techniques help filter out the noise by identifying Align Technology's price trends.Align Technology 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 Align Technology stock to make a market-neutral strategy. Peer analysis of Align Technology could also be used in its relative valuation, which is a method of valuing Align Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Align Technology 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 Align Technology'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 Align Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Align Technology Market Strength Events
Market strength indicators help investors to evaluate how Align Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Align Technology shares will generate the highest return on investment. By undertsting and applying Align Technology stock market strength indicators, traders can identify Align Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 0.007 | |||
| Daily Balance Of Power | 8.716049 | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 347.33 | |||
| Day Typical Price | 347.73 | |||
| Market Facilitation Index | 2.43 | |||
| Price Action Indicator | 11.81 | |||
| Period Momentum Indicator | 21.18 |
Align Technology Risk Indicators
The analysis of Align Technology'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 Align Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting align 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 | 0.6115 | |||
| Semi Deviation | 0.8411 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.14 | |||
| Downside Variance | 9.77 | |||
| Semi Variance | 0.7075 | |||
| Expected Short fall | (3.00) |
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.Additional Information and Resources on Investing in Align Stock
When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology'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 Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:Check out Historical Fundamental Analysis of Align Technology to cross-verify your projections. For information on how to trade Align Stock refer to our How to Trade Align Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.