GDEV Stock Forecast - Naive Prediction
| GDEV Stock | USD 15.36 0.53 3.57% |
The Naive Prediction forecasted value of GDEV Inc on the next trading day is expected to be 13.34 with a mean absolute deviation of 1.02 and the sum of the absolute errors of 62.02. GDEV Stock Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of GDEV's share price is below 20 . This usually indicates that the stock is significantly oversold. 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 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 0.671 | EPS Estimate Next Quarter 0.655 | EPS Estimate Current Year 3.785 | EPS Estimate Next Year 3.08 | Wall Street Target Price 70 |
Using GDEV hype-based prediction, you can estimate the value of GDEV Inc from the perspective of GDEV response to recently generated media hype and the effects of current headlines on its competitors.
GDEV Inc Hype to Price Pattern
Investor biases related to GDEV's public news can be used to forecast risks associated with an investment in GDEV. The trend in average sentiment can be used to explain how an investor holding GDEV can time the market purely based on public headlines and social activities around GDEV Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of GDEV's market sentiment to its price can help taders to make decisions based on the overall investors consensus about GDEV.
The Naive Prediction forecasted value of GDEV Inc on the next trading day is expected to be 13.34 with a mean absolute deviation of 1.02 and the sum of the absolute errors of 62.02. GDEV after-hype prediction price | USD 16.98 |
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 stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of GDEV to cross-verify your projections. GDEV Additional Predictive Modules
Most predictive techniques to examine GDEV price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for GDEV using various technical indicators. When you analyze GDEV 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 | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the GDEV's financial statements to predict how it will affect future prices.
Cash | First Reported 2020-03-31 | Previous Quarter 31.6 M | Current Value 55 M | Quarterly Volatility 61.4 M |
GDEV Naive Prediction Price Forecast For the 8th of January
Given 90 days horizon, the Naive Prediction forecasted value of GDEV Inc on the next trading day is expected to be 13.34 with a mean absolute deviation of 1.02, mean absolute percentage error of 1.80, and the sum of the absolute errors of 62.02.Please note that although there have been many attempts to predict GDEV 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 GDEV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
GDEV Stock Forecast Pattern
| Backtest GDEV | GDEV Price Prediction | Buy or Sell Advice |
GDEV Forecasted Value
In the context of forecasting GDEV'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. GDEV's downside and upside margins for the forecasting period are 5.49 and 21.18, respectively. We have considered GDEV'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 GDEV stock data series using in forecasting. Note that when a statistical model is used to represent GDEV 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 | 118.6959 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0167 |
| MAPE | Mean absolute percentage error | 0.0493 |
| SAE | Sum of the absolute errors | 62.02 |
Predictive Modules for GDEV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GDEV Inc. 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 GDEV'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 GDEV
For every potential investor in GDEV, whether a beginner or expert, GDEV's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GDEV Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GDEV. Basic forecasting techniques help filter out the noise by identifying GDEV's price trends.GDEV 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 GDEV stock to make a market-neutral strategy. Peer analysis of GDEV could also be used in its relative valuation, which is a method of valuing GDEV by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
GDEV Inc 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 GDEV'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 GDEV's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
GDEV Market Strength Events
Market strength indicators help investors to evaluate how GDEV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GDEV shares will generate the highest return on investment. By undertsting and applying GDEV stock market strength indicators, traders can identify GDEV Inc entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 15.36 | |||
| Day Typical Price | 15.36 | |||
| Price Action Indicator | 0.26 | |||
| Period Momentum Indicator | 0.53 |
GDEV Risk Indicators
The analysis of GDEV'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 GDEV's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gdev 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 | 4.94 | |||
| Standard Deviation | 8.17 | |||
| Variance | 66.78 |
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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Additional Tools for GDEV Stock Analysis
When running GDEV's price analysis, check to measure GDEV'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 GDEV is operating at the current time. Most of GDEV's value examination focuses on studying past and present price action to predict the probability of GDEV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GDEV's price. Additionally, you may evaluate how the addition of GDEV to your portfolios can decrease your overall portfolio volatility.