FARO Technologies Stock Forecast - Naive Prediction
| FARODelisted Stock | USD 43.99 0.19 0.43% |
FARO Stock outlook is based on your current time horizon.
As of today The value of RSI of FARO Technologies' share price is above 80 . This usually indicates that the stock is significantly overbought by investors. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 84
Buy Peaked
Oversold | Overbought |
Using FARO Technologies hype-based prediction, you can estimate the value of FARO Technologies from the perspective of FARO Technologies response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of FARO Technologies on the next trading day is expected to be 42.34 with a mean absolute deviation of 1.13 and the sum of the absolute errors of 69.19. FARO Technologies after-hype prediction price | USD 43.99 |
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 delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
FARO |
FARO Technologies Additional Predictive Modules
Most predictive techniques to examine FARO price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for FARO using various technical indicators. When you analyze FARO 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 |
FARO Technologies Naive Prediction Price Forecast For the 28th of January
Given 90 days horizon, the Naive Prediction forecasted value of FARO Technologies on the next trading day is expected to be 42.34 with a mean absolute deviation of 1.13, mean absolute percentage error of 3.06, and the sum of the absolute errors of 69.19.Please note that although there have been many attempts to predict FARO 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 FARO Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FARO Technologies Stock Forecast Pattern
| Backtest FARO Technologies | FARO Technologies Price Prediction | Buy or Sell Advice |
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 FARO Technologies stock data series using in forecasting. Note that when a statistical model is used to represent FARO Technologies 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 | 119.2292 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1343 |
| MAPE | Mean absolute percentage error | 0.0306 |
| SAE | Sum of the absolute errors | 69.1901 |
Predictive Modules for FARO Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FARO Technologies. 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.FARO Technologies After-Hype Price Density Analysis
As far as predicting the price of FARO Technologies 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 FARO Technologies 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 FARO Technologies, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
FARO Technologies Estimiated After-Hype Price Volatility
In the context of predicting FARO Technologies' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on FARO Technologies' historical news coverage. FARO Technologies' after-hype downside and upside margins for the prediction period are 43.99 and 43.99, respectively. We have considered FARO Technologies' 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
FARO Technologies is very steady at this time. Analysis and calculation of next after-hype price of FARO Technologies is based on 3 months time horizon.
FARO Technologies Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as FARO Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading FARO Technologies 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 Delisted 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 FARO Technologies, 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 |
0.00 | 0.00 | 0.00 | 0.00 | 16 Events / Month | 6 Events / Month | In about 16 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
43.99 | 43.99 | 0.00 |
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FARO Technologies Hype Timeline
FARO Technologies is currently traded for 43.99. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. FARO is projected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is projected to be very small, whereas the daily expected return is currently at 0.0%. %. The volatility of related hype on FARO Technologies is about 0.0%, with the expected price after the next announcement by competition of 43.99. About 97.0% of the company shares are owned by institutional investors. The book value of FARO Technologies was currently reported as 13.53. The company recorded a loss per share of 0.04. FARO Technologies had not issued any dividends in recent years. Given the investment horizon of 90 days the next projected press release will be in about 16 days. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.FARO Technologies Related Hype Analysis
Having access to credible news sources related to FARO Technologies' direct competition is more important than ever and may enhance your ability to predict FARO Technologies' future price movements. Getting to know how FARO Technologies' 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 FARO Technologies may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SNPO | Snap One Holdings | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| POLY | Plantronics | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| VERB | Verb Technology | 3.38 | 3 per month | 7.60 | 0.04 | 10.97 | (14.76) | 139.80 | |
| OUST | Ouster Common Stock | (1.68) | 8 per month | 0.00 | (0.05) | 8.35 | (8.81) | 25.10 | |
| ALNT | Allient | (1.65) | 10 per month | 2.20 | 0.1 | 5.29 | (4.40) | 15.33 | |
| CLVT | CLARIVATE PLC | (0.01) | 10 per month | 0.00 | (0.13) | 4.12 | (5.95) | 13.67 | |
| SCWX | Secureworks Corp | (0.01) | 6 per month | 0.00 | (0.31) | 0.36 | (0.24) | 1.07 | |
| ML | MoneyLion | 0.10 | 12 per month | 0.57 | (0.14) | 0.68 | (0.86) | 2.27 | |
| ETWO | E2open Parent Holdings | 3.38 | 11 per month | 1.06 | 0.16 | 4.93 | (3.02) | 26.87 |
FARO Technologies 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 FARO Technologies stock to make a market-neutral strategy. Peer analysis of FARO Technologies could also be used in its relative valuation, which is a method of valuing FARO Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FARO Technologies Market Strength Events
Market strength indicators help investors to evaluate how FARO Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FARO Technologies shares will generate the highest return on investment. By undertsting and applying FARO Technologies stock market strength indicators, traders can identify FARO Technologies entry and exit signals to maximize returns.
FARO Technologies Risk Indicators
The analysis of FARO Technologies' 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 FARO Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting faro 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 | 2.0 | |||
| Standard Deviation | 5.01 | |||
| Variance | 25.13 | |||
| Downside Variance | 1.2 | |||
| Semi Variance | (0.41) | |||
| Expected Short fall | (2.52) |
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 FARO Technologies
The number of cover stories for FARO Technologies depends on current market conditions and FARO Technologies' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that FARO Technologies 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 FARO Technologies' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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FARO Technologies Short Properties
FARO Technologies' future price predictability will typically decrease when FARO Technologies' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of FARO Technologies often depends not only on the future outlook of the potential FARO Technologies' 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. FARO Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.2 M | |
| Cash And Short Term Investments | 98.7 M |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in FARO Stock
If you are still planning to invest in FARO Technologies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the FARO Technologies' history and understand the potential risks before investing.
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