Genetic Technologies Stock Forecast - Naive Prediction
| GENE Stock | USD 0.77 0.00 0.00% |
The Naive Prediction forecasted value of Genetic Technologies on the next trading day is expected to be 0.78 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.49. Genetic Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Genetic Technologies stock prices and determine the direction of Genetic Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Genetic Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
Genetic |
Genetic Technologies Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Genetic Technologies' financial statements to predict how it will affect future prices.
Cash | First Reported 2003-06-30 | Previous Quarter 1 M | Current Value 1 M | Quarterly Volatility 5.3 M |
Genetic Technologies Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Genetic Technologies on the next trading day is expected to be 0.78 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.49.Please note that although there have been many attempts to predict Genetic 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 Genetic Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Genetic Technologies Stock Forecast Pattern
| Backtest Genetic Technologies | Genetic Technologies Price Prediction | Buy or Sell Advice |
Genetic Technologies Forecasted Value
In the context of forecasting Genetic Technologies' 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. Genetic Technologies' downside and upside margins for the forecasting period are 0.01 and 2.49, respectively. We have considered Genetic Technologies' 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 Genetic Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Genetic 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 | 109.1186 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0081 |
| MAPE | Mean absolute percentage error | 0.0103 |
| SAE | Sum of the absolute errors | 0.4941 |
Predictive Modules for Genetic 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 Genetic 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.Other Forecasting Options for Genetic Technologies
For every potential investor in Genetic, whether a beginner or expert, Genetic Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Genetic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Genetic. Basic forecasting techniques help filter out the noise by identifying Genetic Technologies' price trends.Genetic 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 Genetic Technologies stock to make a market-neutral strategy. Peer analysis of Genetic Technologies could also be used in its relative valuation, which is a method of valuing Genetic Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Genetic Technologies 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 Genetic Technologies' 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 Genetic Technologies' current price.| Cycle Indicators | ||
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Genetic Technologies Market Strength Events
Market strength indicators help investors to evaluate how Genetic 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 Genetic Technologies shares will generate the highest return on investment. By undertsting and applying Genetic Technologies stock market strength indicators, traders can identify Genetic Technologies entry and exit signals to maximize returns.
Genetic Technologies Risk Indicators
The analysis of Genetic 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 Genetic Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting genetic 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 | 1.15 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.71 |
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.When determining whether Genetic Technologies is a strong investment it is important to analyze Genetic Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Genetic Technologies' future performance. For an informed investment choice regarding Genetic Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Genetic Technologies to cross-verify your projections. For information on how to trade Genetic Stock refer to our How to Trade Genetic Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Life Sciences Tools & Services 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 Genetic Technologies. If investors know Genetic 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 Genetic Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 2.19 | Quarterly Revenue Growth (0.11) | Return On Assets (0.63) | Return On Equity (1.85) |
The market value of Genetic Technologies is measured differently than its book value, which is the value of Genetic that is recorded on the company's balance sheet. Investors also form their own opinion of Genetic Technologies' value that differs from its market value or its book value, called intrinsic value, which is Genetic Technologies' 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 Genetic Technologies' market value can be influenced by many factors that don't directly affect Genetic Technologies' 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 Genetic Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Genetic Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genetic Technologies' 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.