Bio View Stock Forecast - Naive Prediction
| BIOV Stock | ILS 26.20 0.90 3.56% |
The Naive Prediction forecasted value of Bio View on the next trading day is expected to be 25.90 with a mean absolute deviation of 1.04 and the sum of the absolute errors of 63.51. Bio Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bio View stock prices and determine the direction of Bio View's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bio View's historical fundamentals, such as revenue growth or operating cash flow patterns.
Bio |
Bio View Naive Prediction Price Forecast For the 28th of November
Given 90 days horizon, the Naive Prediction forecasted value of Bio View on the next trading day is expected to be 25.90 with a mean absolute deviation of 1.04, mean absolute percentage error of 1.82, and the sum of the absolute errors of 63.51.Please note that although there have been many attempts to predict Bio 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 Bio View's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bio View Stock Forecast Pattern
| Backtest Bio View | Bio View Price Prediction | Buy or Sell Advice |
Bio View Forecasted Value
In the context of forecasting Bio View'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. Bio View's downside and upside margins for the forecasting period are 21.61 and 30.20, respectively. We have considered Bio View'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Bio View stock data series using in forecasting. Note that when a statistical model is used to represent Bio View 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 | 118.7069 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0412 |
| MAPE | Mean absolute percentage error | 0.0377 |
| SAE | Sum of the absolute errors | 63.514 |
Predictive Modules for Bio View
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bio View. 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 Bio View
For every potential investor in Bio, whether a beginner or expert, Bio View's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bio Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bio. Basic forecasting techniques help filter out the noise by identifying Bio View's price trends.Bio View 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 Bio View stock to make a market-neutral strategy. Peer analysis of Bio View could also be used in its relative valuation, which is a method of valuing Bio View by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bio View 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 Bio View'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 Bio View's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bio View Market Strength Events
Market strength indicators help investors to evaluate how Bio View stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bio View shares will generate the highest return on investment. By undertsting and applying Bio View stock market strength indicators, traders can identify Bio View entry and exit signals to maximize returns.
Bio View Risk Indicators
The analysis of Bio View'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 Bio View's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bio 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 | 2.93 | |||
| Semi Deviation | 3.63 | |||
| Standard Deviation | 4.14 | |||
| Variance | 17.13 | |||
| Downside Variance | 16.68 | |||
| Semi Variance | 13.17 | |||
| Expected Short fall | (3.80) |
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.Other Information on Investing in Bio Stock
Bio View financial ratios help investors to determine whether Bio Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bio with respect to the benefits of owning Bio View security.