Fortress Biotech Preferred Stock Forecast - 4 Period Moving Average
| FBIOP Preferred Stock | USD 5.12 0.15 2.85% |
The 4 Period Moving Average forecasted value of Fortress Biotech Pref on the next trading day is expected to be 5.17 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 10.52. Fortress Preferred Stock Forecast is based on your current time horizon.
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Fortress Biotech 4 Period Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Fortress Biotech Pref on the next trading day is expected to be 5.17 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.06, and the sum of the absolute errors of 10.52.Please note that although there have been many attempts to predict Fortress Preferred 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 Fortress Biotech's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Fortress Biotech Preferred Stock Forecast Pattern
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Fortress Biotech Forecasted Value
In the context of forecasting Fortress Biotech's Preferred 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. Fortress Biotech's downside and upside margins for the forecasting period are 2.28 and 8.05, respectively. We have considered Fortress Biotech'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Fortress Biotech preferred stock data series using in forecasting. Note that when a statistical model is used to represent Fortress Biotech preferred 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 | 109.7549 |
| Bias | Arithmetic mean of the errors | 0.0612 |
| MAD | Mean absolute deviation | 0.1815 |
| MAPE | Mean absolute percentage error | 0.0326 |
| SAE | Sum of the absolute errors | 10.525 |
Predictive Modules for Fortress Biotech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fortress Biotech Pref. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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 Fortress Biotech
For every potential investor in Fortress, whether a beginner or expert, Fortress Biotech's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fortress Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fortress. Basic forecasting techniques help filter out the noise by identifying Fortress Biotech's price trends.View Fortress Biotech Related Equities
| Risk & Return | Correlation |
Fortress Biotech Pref Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Fortress Biotech'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 Fortress Biotech's current price.| Cycle Indicators | ||
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| Volume Indicators |
Fortress Biotech Market Strength Events
Market strength indicators help investors to evaluate how Fortress Biotech preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortress Biotech shares will generate the highest return on investment. By undertsting and applying Fortress Biotech preferred stock market strength indicators, traders can identify Fortress Biotech Pref entry and exit signals to maximize returns.
Fortress Biotech Risk Indicators
The analysis of Fortress Biotech'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 Fortress Biotech's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fortress preferred 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 | 2.06 | |||
| Standard Deviation | 2.85 | |||
| Variance | 8.13 |
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.
Additional Tools for Fortress Preferred Stock Analysis
When running Fortress Biotech's price analysis, check to measure Fortress Biotech's 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 Fortress Biotech is operating at the current time. Most of Fortress Biotech's value examination focuses on studying past and present price action to predict the probability of Fortress Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortress Biotech's price. Additionally, you may evaluate how the addition of Fortress Biotech to your portfolios can decrease your overall portfolio volatility.