Bitcoin Depot Stock Forecast - Naive Prediction
| BTM Stock | 1.88 0.10 5.05% |
The Naive Prediction forecasted value of Bitcoin Depot on the next trading day is expected to be 1.70 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.54. Bitcoin Stock Forecast is based on your current time horizon. Although Bitcoin Depot's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bitcoin Depot's systematic risk associated with finding meaningful patterns of Bitcoin Depot fundamentals over time.
Bitcoin |
Bitcoin Depot Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Bitcoin Depot's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2010-12-31 | Previous Quarter 29.8 M | Current Value 29.3 M | Quarterly Volatility 4.1 M |
Bitcoin Depot Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Bitcoin Depot on the next trading day is expected to be 1.70 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.54.Please note that although there have been many attempts to predict Bitcoin 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 Bitcoin Depot's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bitcoin Depot Stock Forecast Pattern
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Bitcoin Depot Forecasted Value
In the context of forecasting Bitcoin Depot'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. Bitcoin Depot's downside and upside margins for the forecasting period are 0.02 and 9.71, respectively. We have considered Bitcoin Depot'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 Bitcoin Depot stock data series using in forecasting. Note that when a statistical model is used to represent Bitcoin Depot 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 | 114.3984 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1073 |
| MAPE | Mean absolute percentage error | 0.0607 |
| SAE | Sum of the absolute errors | 6.5442 |
Predictive Modules for Bitcoin Depot
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitcoin Depot. 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 Bitcoin Depot's 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.
Other Forecasting Options for Bitcoin Depot
For every potential investor in Bitcoin, whether a beginner or expert, Bitcoin Depot's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bitcoin Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bitcoin. Basic forecasting techniques help filter out the noise by identifying Bitcoin Depot's price trends.Bitcoin Depot 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 Bitcoin Depot stock to make a market-neutral strategy. Peer analysis of Bitcoin Depot could also be used in its relative valuation, which is a method of valuing Bitcoin Depot by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bitcoin Depot 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 Bitcoin Depot'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 Bitcoin Depot's current price.| Cycle Indicators | ||
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| Volume Indicators |
Bitcoin Depot Market Strength Events
Market strength indicators help investors to evaluate how Bitcoin Depot stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitcoin Depot shares will generate the highest return on investment. By undertsting and applying Bitcoin Depot stock market strength indicators, traders can identify Bitcoin Depot entry and exit signals to maximize returns.
Bitcoin Depot Risk Indicators
The analysis of Bitcoin Depot'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 Bitcoin Depot's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bitcoin 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 | 3.7 | |||
| Semi Deviation | 4.35 | |||
| Standard Deviation | 7.91 | |||
| Variance | 62.49 | |||
| Downside Variance | 22.22 | |||
| Semi Variance | 18.95 | |||
| Expected Short fall | (4.86) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Bitcoin Depot to cross-verify your projections. To learn how to invest in Bitcoin Stock, please use our How to Invest in Bitcoin Depot guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Commercial Services & Supplies 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 Bitcoin Depot. If investors know Bitcoin 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 Bitcoin Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.89) | Revenue Per Share 36.273 | Quarterly Revenue Growth (0.17) | Return On Assets 0.1381 | Return On Equity (0.10) |
The market value of Bitcoin Depot is measured differently than its book value, which is the value of Bitcoin that is recorded on the company's balance sheet. Investors also form their own opinion of Bitcoin Depot's value that differs from its market value or its book value, called intrinsic value, which is Bitcoin Depot's 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 Bitcoin Depot's market value can be influenced by many factors that don't directly affect Bitcoin Depot's 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 Bitcoin Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitcoin Depot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitcoin Depot's 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.