Genius Sports Stock Forecast - Simple Regression
| GENI Stock | USD 9.07 0.15 1.68% |
The Simple Regression forecasted value of Genius Sports on the next trading day is expected to be 8.22 with a mean absolute deviation of 0.52 and the sum of the absolute errors of 31.50. Genius Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Genius Sports' historical fundamentals, such as revenue growth or operating cash flow patterns.
Genius |
Genius Sports Simple Regression Price Forecast For the 23rd of November
Given 90 days horizon, the Simple Regression forecasted value of Genius Sports on the next trading day is expected to be 8.22 with a mean absolute deviation of 0.52, mean absolute percentage error of 0.41, and the sum of the absolute errors of 31.50.Please note that although there have been many attempts to predict Genius 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 Genius Sports' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Genius Sports Stock Forecast Pattern
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Genius Sports Forecasted Value
In the context of forecasting Genius Sports' 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. Genius Sports' downside and upside margins for the forecasting period are 4.75 and 11.70, respectively. We have considered Genius Sports' 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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Genius Sports stock data series using in forecasting. Note that when a statistical model is used to represent Genius Sports 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 | 117.2092 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5163 |
| MAPE | Mean absolute percentage error | 0.066 |
| SAE | Sum of the absolute errors | 31.4972 |
Predictive Modules for Genius Sports
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Genius Sports. 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 Genius Sports
For every potential investor in Genius, whether a beginner or expert, Genius Sports' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Genius Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Genius. Basic forecasting techniques help filter out the noise by identifying Genius Sports' price trends.View Genius Sports Related Equities
| Risk & Return | Correlation |
Genius Sports 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 Genius Sports' 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 Genius Sports' current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volume Indicators |
Genius Sports Market Strength Events
Market strength indicators help investors to evaluate how Genius Sports stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genius Sports shares will generate the highest return on investment. By undertsting and applying Genius Sports stock market strength indicators, traders can identify Genius Sports entry and exit signals to maximize returns.
| Accumulation Distribution | 87298.87 | |||
| Daily Balance Of Power | 0.4167 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 9.06 | |||
| Day Typical Price | 9.06 | |||
| Price Action Indicator | 0.085 | |||
| Period Momentum Indicator | 0.15 |
Genius Sports Risk Indicators
The analysis of Genius Sports' 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 Genius Sports' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting genius 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 | 2.41 | |||
| Semi Deviation | 2.39 | |||
| Standard Deviation | 3.47 | |||
| Variance | 12.07 | |||
| Downside Variance | 6.87 | |||
| Semi Variance | 5.73 | |||
| Expected Short fall | (2.80) |
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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When determining whether Genius Sports offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Genius Sports' 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 Genius Sports Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Genius Sports Stock:Check out Historical Fundamental Analysis of Genius Sports to cross-verify your projections. For more detail on how to invest in Genius Stock please use our How to Invest in Genius Sports guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Interactive Media & 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 Genius Sports. If investors know Genius 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 Genius Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.32) | Revenue Per Share 1.828 | Quarterly Revenue Growth 0.182 | Return On Assets (0.07) | Return On Equity (0.13) |
The market value of Genius Sports is measured differently than its book value, which is the value of Genius that is recorded on the company's balance sheet. Investors also form their own opinion of Genius Sports' value that differs from its market value or its book value, called intrinsic value, which is Genius Sports' 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 Genius Sports' market value can be influenced by many factors that don't directly affect Genius Sports' 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 Genius Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Genius Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genius Sports' 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.