Foresight Autonomous Stock Forecast - Naive Prediction
| FRSX Stock | ILA 8.60 0.00 0.00% |
The Naive Prediction forecasted value of Foresight Autonomous Holdings on the next trading day is expected to be 8.46 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.14. Foresight Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Foresight Autonomous stock prices and determine the direction of Foresight Autonomous Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Foresight Autonomous' historical fundamentals, such as revenue growth or operating cash flow patterns.
Foresight |
Foresight Autonomous Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Foresight Autonomous Holdings on the next trading day is expected to be 8.46 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.14.Please note that although there have been many attempts to predict Foresight 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 Foresight Autonomous' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Foresight Autonomous Stock Forecast Pattern
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Foresight Autonomous Forecasted Value
In the context of forecasting Foresight Autonomous' 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. Foresight Autonomous' downside and upside margins for the forecasting period are 6.77 and 10.15, respectively. We have considered Foresight Autonomous' 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 Foresight Autonomous stock data series using in forecasting. Note that when a statistical model is used to represent Foresight Autonomous 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 | 114.5291 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1334 |
| MAPE | Mean absolute percentage error | 0.0139 |
| SAE | Sum of the absolute errors | 8.1354 |
Predictive Modules for Foresight Autonomous
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Foresight Autonomous. 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 Foresight Autonomous
For every potential investor in Foresight, whether a beginner or expert, Foresight Autonomous' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Foresight Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Foresight. Basic forecasting techniques help filter out the noise by identifying Foresight Autonomous' price trends.Foresight Autonomous 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 Foresight Autonomous stock to make a market-neutral strategy. Peer analysis of Foresight Autonomous could also be used in its relative valuation, which is a method of valuing Foresight Autonomous by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Foresight Autonomous 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 Foresight Autonomous' 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 Foresight Autonomous' current price.| Cycle Indicators | ||
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Foresight Autonomous Market Strength Events
Market strength indicators help investors to evaluate how Foresight Autonomous stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Foresight Autonomous shares will generate the highest return on investment. By undertsting and applying Foresight Autonomous stock market strength indicators, traders can identify Foresight Autonomous Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0349 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.45 | |||
| Day Typical Price | 8.5 | |||
| Market Facilitation Index | 0.3 | |||
| Price Action Indicator | 0.15 |
Foresight Autonomous Risk Indicators
The analysis of Foresight Autonomous' 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 Foresight Autonomous' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting foresight 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 | 1.42 | |||
| Standard Deviation | 1.83 | |||
| Variance | 3.35 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Foresight Stock
When determining whether Foresight Autonomous offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Foresight Autonomous' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Foresight Autonomous Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Foresight Autonomous Holdings Stock:Check out Historical Fundamental Analysis of Foresight Autonomous to cross-verify your projections. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.