AJA Health Stock Forecast - Simple Exponential Smoothing
| AJA Stock | 0.04 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of AJA Health and on the next trading day is expected to be 0.04 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. AJA Stock Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of AJA Health's share price is below 20 . This suggests that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using AJA Health hype-based prediction, you can estimate the value of AJA Health and from the perspective of AJA Health response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of AJA Health and on the next trading day is expected to be 0.04 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. AJA Health after-hype prediction price | CAD 0.035 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
AJA |
AJA Health Additional Predictive Modules
Most predictive techniques to examine AJA price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for AJA using various technical indicators. When you analyze AJA charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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AJA Health Simple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of AJA Health and on the next trading day is expected to be 0.04 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict AJA 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 AJA Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AJA Health Stock Forecast Pattern
| Backtest AJA Health | AJA Health Price Prediction | Buy or Sell Advice |
AJA Health Forecasted Value
In the context of forecasting AJA Health'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. AJA Health's downside and upside margins for the forecasting period are 0.04 and 0.04, respectively. We have considered AJA Health'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of AJA Health stock data series using in forecasting. Note that when a statistical model is used to represent AJA Health 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 | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for AJA Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AJA Health. 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.AJA Health After-Hype Price Prediction Density Analysis
As far as predicting the price of AJA Health at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in AJA Health or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of AJA Health, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
AJA Health Estimiated After-Hype Price Volatility
In the context of predicting AJA Health's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on AJA Health's historical news coverage. AJA Health's after-hype downside and upside margins for the prediction period are 0.03 and 0.04, respectively. We have considered AJA Health's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
AJA Health is very steady at this time. Analysis and calculation of next after-hype price of AJA Health is based on 3 months time horizon.
AJA Health Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as AJA Health is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading AJA Health backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with AJA Health, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 0.00 | 0.00 | 0.00 | 1 Events / Month | 1 Events / Month | Very soon |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.04 | 0.04 | 0.00 |
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AJA Health Hype Timeline
AJA Health is presently traded for 0.04on TSX Venture Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. AJA is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is presently at 0.0%. %. The volatility of related hype on AJA Health is about 0.0%, with the expected price after the next announcement by competition of 0.04. About 77.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.23. Some equities with similar Price to Book (P/B) outperform the market in the long run. AJA Health recorded a loss per share of 0.04. The entity had not issued any dividends in recent years. Assuming the 90 days horizon the next estimated press release will be very soon. Check out Historical Fundamental Analysis of AJA Health to cross-verify your projections.AJA Health Related Hype Analysis
Having access to credible news sources related to AJA Health's direct competition is more important than ever and may enhance your ability to predict AJA Health's future price movements. Getting to know how AJA Health's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how AJA Health may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| VHI | Vitalhub Corp | 0.12 | 8 per month | 0.00 | (0.12) | 3.70 | (4.58) | 11.82 | |
| KSI | Kneat Inc | (0.07) | 8 per month | 0.00 | (0.10) | 3.36 | (3.95) | 18.25 | |
| NURS | Hydreight Technologies | (0.31) | 9 per month | 0.00 | (0.02) | 8.59 | (8.64) | 44.54 | |
| RHT | Reliq Health Technologies | 0.00 | 5 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| KOVO | Kovo Healthtech Corp | 0.00 | 1 per month | 0.00 | (0.04) | 16.67 | (16.67) | 48.57 |
Other Forecasting Options for AJA Health
For every potential investor in AJA, whether a beginner or expert, AJA Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AJA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AJA. Basic forecasting techniques help filter out the noise by identifying AJA Health's price trends.AJA Health 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 AJA Health stock to make a market-neutral strategy. Peer analysis of AJA Health could also be used in its relative valuation, which is a method of valuing AJA Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AJA Health Market Strength Events
Market strength indicators help investors to evaluate how AJA Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AJA Health shares will generate the highest return on investment. By undertsting and applying AJA Health stock market strength indicators, traders can identify AJA Health and entry and exit signals to maximize returns.
Story Coverage note for AJA Health
The number of cover stories for AJA Health depends on current market conditions and AJA Health's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that AJA Health is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about AJA Health's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for AJA Stock Analysis
When running AJA Health's price analysis, check to measure AJA Health'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 AJA Health is operating at the current time. Most of AJA Health's value examination focuses on studying past and present price action to predict the probability of AJA Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AJA Health's price. Additionally, you may evaluate how the addition of AJA Health to your portfolios can decrease your overall portfolio volatility.