Beyond Medical Stock Forecast - Naive Prediction
| DOCKF Stock | USD 0.25 0.04 19.05% |
The Naive Prediction forecasted value of Beyond Medical Technologies on the next trading day is expected to be 0.17 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.50. Beyond Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Beyond Medical's historical fundamentals, such as revenue growth or operating cash flow patterns.
At this time, Beyond Medical's Receivables Turnover is most likely to increase significantly in the upcoming years. The Beyond Medical's current Fixed Asset Turnover is estimated to increase to 7.79, while Asset Turnover is projected to decrease to 0.24. . The current Common Stock Shares Outstanding is estimated to decrease to about 6.8 M. The current Net Loss is estimated to decrease to about (2.8 M). Beyond Medical 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 Beyond Medical's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2019-12-31 | Previous Quarter 161.8 K | Current Value 2.1 M | Quarterly Volatility 914.8 K |
Beyond Medical Naive Prediction Price Forecast For the 29th of December
Given 90 days horizon, the Naive Prediction forecasted value of Beyond Medical Technologies on the next trading day is expected to be 0.17 with a mean absolute deviation of 0.06, mean absolute percentage error of 0, and the sum of the absolute errors of 3.50.Please note that although there have been many attempts to predict Beyond 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 Beyond Medical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Beyond Medical Stock Forecast Pattern
| Backtest Beyond Medical | Beyond Medical Price Prediction | Buy or Sell Advice |
Beyond Medical Forecasted Value
In the context of forecasting Beyond Medical'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. Beyond Medical's downside and upside margins for the forecasting period are 0 and 60.35, respectively. We have considered Beyond Medical'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 Beyond Medical stock data series using in forecasting. Note that when a statistical model is used to represent Beyond Medical 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 | 112.768 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0573 |
| MAPE | Mean absolute percentage error | 0.4528 |
| SAE | Sum of the absolute errors | 3.4977 |
Predictive Modules for Beyond Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Beyond Medical Techn. 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 Beyond Medical
For every potential investor in Beyond, whether a beginner or expert, Beyond Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Beyond Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Beyond. Basic forecasting techniques help filter out the noise by identifying Beyond Medical's price trends.Beyond Medical 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 Beyond Medical stock to make a market-neutral strategy. Peer analysis of Beyond Medical could also be used in its relative valuation, which is a method of valuing Beyond Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Beyond Medical Techn 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 Beyond Medical'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 Beyond Medical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Beyond Medical Market Strength Events
Market strength indicators help investors to evaluate how Beyond Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beyond Medical shares will generate the highest return on investment. By undertsting and applying Beyond Medical stock market strength indicators, traders can identify Beyond Medical Technologies entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.19 | |||
| Day Median Price | 0.25 | |||
| Day Typical Price | 0.25 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.04 | |||
| Relative Strength Index | 53.49 |
Beyond Medical Risk Indicators
The analysis of Beyond Medical'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 Beyond Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting beyond 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 | 25.92 | |||
| Semi Deviation | 17.29 | |||
| Standard Deviation | 60.18 | |||
| Variance | 3621.36 | |||
| Downside Variance | 3023.87 | |||
| Semi Variance | 298.91 | |||
| Expected Short fall | (115.22) |
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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Check out Historical Fundamental Analysis of Beyond Medical to cross-verify your projections. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Industrial Machinery & Supplies & Components 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 Beyond Medical. If investors know Beyond 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 Beyond Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.07) | Revenue Per Share | Quarterly Revenue Growth (0.92) | Return On Assets | Return On Equity |
The market value of Beyond Medical Techn is measured differently than its book value, which is the value of Beyond that is recorded on the company's balance sheet. Investors also form their own opinion of Beyond Medical's value that differs from its market value or its book value, called intrinsic value, which is Beyond Medical'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 Beyond Medical's market value can be influenced by many factors that don't directly affect Beyond Medical'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 Beyond Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beyond Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beyond Medical'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.