Compass Biotechnologies Stock Forecast - Naive Prediction
| BNGI Stock | USD 0.00001 0.00 0.00% |
The Naive Prediction forecasted value of Compass Biotechnologies on the next trading day is expected to be 0.000001 with a mean absolute deviation of 0.00000041 and the sum of the absolute errors of 0.000025. Compass Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Compass Biotechnologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
As of now, Compass Biotechnologies' Inventory Turnover is increasing as compared to previous years. The Compass Biotechnologies' current Receivables Turnover is estimated to increase to 33.20, while Payables Turnover is projected to decrease to 5.49. . The current Net Loss is estimated to decrease to about (391 K). Compass Biotechnologies Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Compass Biotechnologies' financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2010-12-31 | Previous Quarter 3 K | Current Value 2.9 K | Quarterly Volatility 5.7 K |
Compass Biotechnologies Naive Prediction Price Forecast For the 30th of December
Given 90 days horizon, the Naive Prediction forecasted value of Compass Biotechnologies on the next trading day is expected to be 0.000001 with a mean absolute deviation of 0.00000041, mean absolute percentage error of 0, and the sum of the absolute errors of 0.000025.Please note that although there have been many attempts to predict Compass 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 Compass Biotechnologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Compass Biotechnologies Stock Forecast Pattern
| Backtest Compass Biotechnologies | Compass Biotechnologies Price Prediction | Buy or Sell Advice |
Compass Biotechnologies Forecasted Value
In the context of forecasting Compass Biotechnologies' 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. Compass Biotechnologies' downside and upside margins for the forecasting period are 0.00 and 125.99, respectively. We have considered Compass Biotechnologies' 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 Compass Biotechnologies stock data series using in forecasting. Note that when a statistical model is used to represent Compass Biotechnologies 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 | 90.9077 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Compass Biotechnologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Compass Biotechnologies. 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 Compass Biotechnologies
For every potential investor in Compass, whether a beginner or expert, Compass Biotechnologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Compass Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Compass. Basic forecasting techniques help filter out the noise by identifying Compass Biotechnologies' price trends.Compass Biotechnologies 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 Compass Biotechnologies stock to make a market-neutral strategy. Peer analysis of Compass Biotechnologies could also be used in its relative valuation, which is a method of valuing Compass Biotechnologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Compass Biotechnologies 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 Compass Biotechnologies' 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 Compass Biotechnologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Compass Biotechnologies Market Strength Events
Market strength indicators help investors to evaluate how Compass Biotechnologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Compass Biotechnologies shares will generate the highest return on investment. By undertsting and applying Compass Biotechnologies stock market strength indicators, traders can identify Compass Biotechnologies entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 9223372 T |
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Check out Historical Fundamental Analysis of Compass Biotechnologies to cross-verify your projections. For more detail on how to invest in Compass Stock please use our How to Invest in Compass Biotechnologies guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Real Estate Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Compass Biotechnologies. If investors know Compass will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Compass Biotechnologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Compass Biotechnologies is measured differently than its book value, which is the value of Compass that is recorded on the company's balance sheet. Investors also form their own opinion of Compass Biotechnologies' value that differs from its market value or its book value, called intrinsic value, which is Compass Biotechnologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Compass Biotechnologies' market value can be influenced by many factors that don't directly affect Compass Biotechnologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Compass Biotechnologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Biotechnologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Biotechnologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.