Bluejay Diagnostics Stock Forecast - Simple Exponential Smoothing
| BJDX Stock | USD 0.70 0.05 7.69% |
The Simple Exponential Smoothing forecasted value of Bluejay Diagnostics on the next trading day is expected to be 0.70 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.93. Bluejay Stock Forecast is based on your current time horizon.
The relative strength index (RSI) of Bluejay Diagnostics' share price is below 30 at this time suggesting that the stock is becoming oversold or undervalued. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Bluejay Diagnostics, making its price go up or down. Momentum 25
Sell Stretched
Oversold | Overbought |
Wall Street Target Price 256 |
Using Bluejay Diagnostics hype-based prediction, you can estimate the value of Bluejay Diagnostics from the perspective of Bluejay Diagnostics response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Bluejay Diagnostics on the next trading day is expected to be 0.70 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.93. Bluejay Diagnostics after-hype prediction price | USD 0.7 |
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.
Check out Historical Fundamental Analysis of Bluejay Diagnostics to cross-verify your projections. Bluejay Diagnostics Additional Predictive Modules
Most predictive techniques to examine Bluejay price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bluejay using various technical indicators. When you analyze Bluejay 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bluejay Diagnostics Simple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Bluejay Diagnostics on the next trading day is expected to be 0.70 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 2.93.Please note that although there have been many attempts to predict Bluejay 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 Bluejay Diagnostics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bluejay Diagnostics Stock Forecast Pattern
| Backtest Bluejay Diagnostics | Bluejay Diagnostics Price Prediction | Buy or Sell Advice |
Bluejay Diagnostics Forecasted Value
In the context of forecasting Bluejay Diagnostics' 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. Bluejay Diagnostics' downside and upside margins for the forecasting period are 0.01 and 5.23, respectively. We have considered Bluejay Diagnostics' 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 Bluejay Diagnostics stock data series using in forecasting. Note that when a statistical model is used to represent Bluejay Diagnostics 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 | 110.9592 |
| Bias | Arithmetic mean of the errors | 0.0268 |
| MAD | Mean absolute deviation | 0.0488 |
| MAPE | Mean absolute percentage error | 0.0387 |
| SAE | Sum of the absolute errors | 2.93 |
Predictive Modules for Bluejay Diagnostics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bluejay Diagnostics. 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 Bluejay Diagnostics' 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.
Bluejay Diagnostics After-Hype Price Prediction Density Analysis
As far as predicting the price of Bluejay Diagnostics 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 Bluejay Diagnostics 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 Bluejay Diagnostics, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Bluejay Diagnostics Estimiated After-Hype Price Volatility
In the context of predicting Bluejay Diagnostics' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Bluejay Diagnostics' historical news coverage. Bluejay Diagnostics' after-hype downside and upside margins for the prediction period are 0.03 and 5.19, respectively. We have considered Bluejay Diagnostics' 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
Bluejay Diagnostics is abnormally volatile at this time. Analysis and calculation of next after-hype price of Bluejay Diagnostics is based on 3 months time horizon.
Bluejay Diagnostics Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Bluejay Diagnostics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bluejay Diagnostics 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 Bluejay Diagnostics, 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 |
1.85 | 4.53 | 0.04 | 33.76 | 7 Events / Month | 6 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.70 | 0.70 | 0.00 |
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Bluejay Diagnostics Hype Timeline
Bluejay Diagnostics is currently traded for 0.70. The entity has historical hype elasticity of -0.04, and average elasticity to hype of competition of -33.76. Bluejay is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at -1.85%. %. The volatility of related hype on Bluejay Diagnostics is about 24.83%, with the expected price after the next announcement by competition of -33.06. The company has price-to-book (P/B) ratio of 0.34. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bluejay Diagnostics recorded earning per share (EPS) of 164.37. The entity had not issued any dividends in recent years. The firm had 1:50 split on the 18th of November 2024. Given the investment horizon of 90 days the next forecasted press release will be in about 7 days. Check out Historical Fundamental Analysis of Bluejay Diagnostics to cross-verify your projections.Bluejay Diagnostics Related Hype Analysis
Having access to credible news sources related to Bluejay Diagnostics' direct competition is more important than ever and may enhance your ability to predict Bluejay Diagnostics' future price movements. Getting to know how Bluejay Diagnostics' 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 Bluejay Diagnostics may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| TIVC | Tivic Health Systems | 0.04 | 10 per month | 0.00 | (0.15) | 10.43 | (12.23) | 46.76 | |
| VTAK | Catheter Precision | (179.00) | 3 per month | 0.00 | (0.02) | 13.33 | (10.00) | 35.41 | |
| WINT | Windtree Therapeutics | (0.02) | 8 per month | 0.00 | (0.21) | 20.00 | (20.00) | 58.33 | |
| UPC | Universe Pharmaceuticals | (0.56) | 3 per month | 0.00 | (0.02) | 13.75 | (8.79) | 52.35 | |
| BCTXZ | BriaCell Therapeutics Corp | 0.01 | 24 per month | 11.90 | 0.04 | 17.86 | (17.78) | 71.02 | |
| MLEC | Moolec Science SA | (0.51) | 9 per month | 10.63 | 0.03 | 15.63 | (16.33) | 152.55 | |
| MSPR | MSP Recovery | 0.26 | 6 per month | 0.00 | (0.02) | 45.45 | (36.84) | 200.36 | |
| ELAB | Elevai Labs Common | (2.64) | 5 per month | 0.00 | (0.46) | 4.32 | (14.29) | 38.62 | |
| NKGN | NKGen Biotech Common | 0.00 | 0 per month | 0.00 | 0.21 | 37.84 | (6.00) | 126.82 | |
| WGS | GeneDx Holdings Corp | (0.05) | 28 per month | 0.00 | (0.12) | 5.21 | (5.90) | 21.84 |
Other Forecasting Options for Bluejay Diagnostics
For every potential investor in Bluejay, whether a beginner or expert, Bluejay Diagnostics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bluejay Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bluejay. Basic forecasting techniques help filter out the noise by identifying Bluejay Diagnostics' price trends.Bluejay Diagnostics 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 Bluejay Diagnostics stock to make a market-neutral strategy. Peer analysis of Bluejay Diagnostics could also be used in its relative valuation, which is a method of valuing Bluejay Diagnostics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bluejay Diagnostics Market Strength Events
Market strength indicators help investors to evaluate how Bluejay Diagnostics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bluejay Diagnostics shares will generate the highest return on investment. By undertsting and applying Bluejay Diagnostics stock market strength indicators, traders can identify Bluejay Diagnostics entry and exit signals to maximize returns.
Bluejay Diagnostics Risk Indicators
The analysis of Bluejay Diagnostics' 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 Bluejay Diagnostics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bluejay 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 | 3.34 | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.59 |
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.
Story Coverage note for Bluejay Diagnostics
The number of cover stories for Bluejay Diagnostics depends on current market conditions and Bluejay Diagnostics' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Bluejay Diagnostics 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 Bluejay Diagnostics' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Bluejay Diagnostics Short Properties
Bluejay Diagnostics' future price predictability will typically decrease when Bluejay Diagnostics' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Bluejay Diagnostics often depends not only on the future outlook of the potential Bluejay Diagnostics' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bluejay Diagnostics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 183.4 K | |
| Cash And Short Term Investments | 4.3 M |
Additional Tools for Bluejay Stock Analysis
When running Bluejay Diagnostics' price analysis, check to measure Bluejay Diagnostics' 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 Bluejay Diagnostics is operating at the current time. Most of Bluejay Diagnostics' value examination focuses on studying past and present price action to predict the probability of Bluejay Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluejay Diagnostics' price. Additionally, you may evaluate how the addition of Bluejay Diagnostics to your portfolios can decrease your overall portfolio volatility.