Grom Social Stock Forecast - Naive Prediction
| GROM Stock | USD 0.0002 0.0001 100.00% |
The Naive Prediction forecasted value of Grom Social Enterprises on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.000031 and the sum of the absolute errors of 0. Grom Stock Forecast is based on your current time horizon. Although Grom Social's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Grom Social's systematic risk associated with finding meaningful patterns of Grom Social fundamentals over time.
As of now the relative strength index (rsi) of Grom Social'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 |
Wall Street Target Price 12 | Quarterly Revenue Growth (0.27) |
Using Grom Social hype-based prediction, you can estimate the value of Grom Social Enterprises from the perspective of Grom Social response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Grom Social Enterprises on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.000031 and the sum of the absolute errors of 0. Grom Social after-hype prediction price | USD 2.09E-4 |
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 Grom Social to cross-verify your projections. Grom Social Additional Predictive Modules
Most predictive techniques to examine Grom price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Grom using various technical indicators. When you analyze Grom 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Grom Social Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Grom Social's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2015-12-31 | Previous Quarter 2.5 M | Current Value 452.5 K | Quarterly Volatility 2.5 M |
Grom Social Naive Prediction Price Forecast For the 10th of January
Given 90 days horizon, the Naive Prediction forecasted value of Grom Social Enterprises on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.000031, mean absolute percentage error of 0, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Grom 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 Grom Social's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Grom Social Stock Forecast Pattern
| Backtest Grom Social | Grom Social Price Prediction | Buy or Sell Advice |
Grom Social Forecasted Value
In the context of forecasting Grom Social'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. Grom Social's downside and upside margins for the forecasting period are 0.000002 and 21.10, respectively. We have considered Grom Social'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 Grom Social stock data series using in forecasting. Note that when a statistical model is used to represent Grom Social 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 | 98.1058 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.201 |
| SAE | Sum of the absolute errors | 0.0019 |
Predictive Modules for Grom Social
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Grom Social Enterprises. 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 Grom Social
For every potential investor in Grom, whether a beginner or expert, Grom Social's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Grom Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Grom. Basic forecasting techniques help filter out the noise by identifying Grom Social's price trends.Grom Social 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 Grom Social stock to make a market-neutral strategy. Peer analysis of Grom Social could also be used in its relative valuation, which is a method of valuing Grom Social by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Grom Social Enterprises 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 Grom Social'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 Grom Social's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Grom Social Market Strength Events
Market strength indicators help investors to evaluate how Grom Social stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grom Social shares will generate the highest return on investment. By undertsting and applying Grom Social stock market strength indicators, traders can identify Grom Social Enterprises entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 2.0 | |||
| Day Median Price | 2.0E-4 | |||
| Day Typical Price | 2.0E-4 | |||
| Price Action Indicator | 1.0E-4 | |||
| Period Momentum Indicator | 1.0E-4 |
Grom Social Risk Indicators
The analysis of Grom Social'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 Grom Social's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting grom 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 | 5.99 | |||
| Standard Deviation | 20.77 | |||
| Variance | 431.38 |
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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Is Movies & Entertainment 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 Grom Social. If investors know Grom 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 Grom Social listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.46) | Revenue Per Share | Quarterly Revenue Growth (0.27) | Return On Assets | Return On Equity |
The market value of Grom Social Enterprises is measured differently than its book value, which is the value of Grom that is recorded on the company's balance sheet. Investors also form their own opinion of Grom Social's value that differs from its market value or its book value, called intrinsic value, which is Grom Social's 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 Grom Social's market value can be influenced by many factors that don't directly affect Grom Social's 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 Grom Social's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grom Social is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grom Social's 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.