Mendus AB Stock Forecast - Simple Moving Average
| IMMU Stock | SEK 5.93 0.01 0.17% |
The Simple Moving Average forecasted value of Mendus AB on the next trading day is expected to be 5.93 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.01. Mendus Stock Forecast is based on your current time horizon.
At this time the value of rsi of Mendus AB'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 |
Using Mendus AB hype-based prediction, you can estimate the value of Mendus AB from the perspective of Mendus AB response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Mendus AB on the next trading day is expected to be 5.93 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.01. Mendus AB after-hype prediction price | SEK 5.93 |
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.
Mendus |
Mendus AB Additional Predictive Modules
Most predictive techniques to examine Mendus price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Mendus using various technical indicators. When you analyze Mendus 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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| Volume Indicators |
Mendus AB Simple Moving Average Price Forecast For the 24th of January
Given 90 days horizon, the Simple Moving Average forecasted value of Mendus AB on the next trading day is expected to be 5.93 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.1, and the sum of the absolute errors of 13.01.Please note that although there have been many attempts to predict Mendus 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 Mendus AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mendus AB Stock Forecast Pattern
| Backtest Mendus AB | Mendus AB Price Prediction | Buy or Sell Advice |
Mendus AB Forecasted Value
In the context of forecasting Mendus AB'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. Mendus AB's downside and upside margins for the forecasting period are 1.50 and 10.36, respectively. We have considered Mendus AB'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Mendus AB stock data series using in forecasting. Note that when a statistical model is used to represent Mendus AB 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 | 113.919 |
| Bias | Arithmetic mean of the errors | -0.0053 |
| MAD | Mean absolute deviation | 0.2168 |
| MAPE | Mean absolute percentage error | 0.0367 |
| SAE | Sum of the absolute errors | 13.01 |
Predictive Modules for Mendus AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mendus AB. 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.Mendus AB After-Hype Price Prediction Density Analysis
As far as predicting the price of Mendus AB at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Mendus AB or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Mendus AB, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Mendus AB Estimiated After-Hype Price Volatility
In the context of predicting Mendus AB's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Mendus AB's historical news coverage. Mendus AB's after-hype downside and upside margins for the prediction period are 1.50 and 10.36, respectively. We have considered Mendus AB's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Mendus AB is relatively risky at this time. Analysis and calculation of next after-hype price of Mendus AB is based on 3 months time horizon.
Mendus AB Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Mendus AB is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Mendus AB backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Mendus AB, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.11 | 4.43 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
5.93 | 5.93 | 0.00 |
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Mendus AB Hype Timeline
Mendus AB is currently traded for 5.93on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Mendus is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at -0.11%. %. The volatility of related hype on Mendus AB is about 0.0%, with the expected price after the next announcement by competition of 5.93. About 58.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.13. Some equities with similar Price to Book (P/B) outperform the market in the long run. Mendus AB recorded a loss per share of 0.63. The entity had not issued any dividends in recent years. The firm had 20:1 split on the 3rd of June 2024. Assuming the 90 days trading horizon the next anticipated press release will be uncertain. Check out Historical Fundamental Analysis of Mendus AB to cross-verify your projections.Mendus AB Related Hype Analysis
Having access to credible news sources related to Mendus AB's direct competition is more important than ever and may enhance your ability to predict Mendus AB's future price movements. Getting to know how Mendus AB's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Mendus AB may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ACE | Ascelia Pharma AB | 0.00 | 0 per month | 3.06 | (0.03) | 5.24 | (4.35) | 17.09 | |
| IVACC | Intervacc AB | 0.00 | 0 per month | 0.00 | (0.08) | 4.17 | (4.00) | 21.85 | |
| MAGLE | Magle Chemoswed Holding | 0.00 | 0 per month | 0.00 | (0.17) | 6.67 | (7.77) | 20.42 | |
| XINT | Xintela AB | 0.00 | 0 per month | 0.00 | (0.09) | 6.25 | (7.32) | 36.46 | |
| MOB | Moberg Pharma AB | 0.00 | 0 per month | 2.51 | 0.05 | 4.58 | (4.91) | 34.16 | |
| ELIC | Elicera Therapeutics AB | 0.00 | 0 per month | 0.00 | (0.08) | 5.36 | (4.87) | 27.84 | |
| KDEV | Karolinska Development AB | 0.00 | 0 per month | 0.00 | (0.15) | 3.33 | (13.16) | 47.86 | |
| LIPUM | Lipum AB | 0.00 | 0 per month | 2.37 | 0.14 | 7.76 | (1.92) | 23.55 | |
| CLBIO | Corline Biomedical AB | 0.00 | 0 per month | 0.00 | (0.08) | 5.49 | (4.55) | 15.98 | |
| ISOFOL | Isofol Medical AB | 0.00 | 0 per month | 0.00 | (0.07) | 2.86 | (2.82) | 8.53 |
Other Forecasting Options for Mendus AB
For every potential investor in Mendus, whether a beginner or expert, Mendus AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mendus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mendus. Basic forecasting techniques help filter out the noise by identifying Mendus AB's price trends.Mendus AB 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 Mendus AB stock to make a market-neutral strategy. Peer analysis of Mendus AB could also be used in its relative valuation, which is a method of valuing Mendus AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mendus AB Market Strength Events
Market strength indicators help investors to evaluate how Mendus AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mendus AB shares will generate the highest return on investment. By undertsting and applying Mendus AB stock market strength indicators, traders can identify Mendus AB entry and exit signals to maximize returns.
| Accumulation Distribution | 3032.23 | |||
| Daily Balance Of Power | 0.0333 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.9 | |||
| Day Typical Price | 5.91 | |||
| Price Action Indicator | 0.035 | |||
| Period Momentum Indicator | 0.01 |
Mendus AB Risk Indicators
The analysis of Mendus AB'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 Mendus AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mendus 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 | 3.71 | |||
| Semi Deviation | 4.16 | |||
| Standard Deviation | 4.94 | |||
| Variance | 24.39 | |||
| Downside Variance | 20.2 | |||
| Semi Variance | 17.31 | |||
| Expected Short fall | (4.17) |
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.
Story Coverage note for Mendus AB
The number of cover stories for Mendus AB depends on current market conditions and Mendus AB's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Mendus AB is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Mendus AB's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Mendus AB Short Properties
Mendus AB's future price predictability will typically decrease when Mendus AB's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Mendus AB often depends not only on the future outlook of the potential Mendus AB's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Mendus AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 184 M | |
| Cash And Short Term Investments | 155.3 M |
Additional Tools for Mendus Stock Analysis
When running Mendus AB's price analysis, check to measure Mendus AB'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 Mendus AB is operating at the current time. Most of Mendus AB's value examination focuses on studying past and present price action to predict the probability of Mendus AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mendus AB's price. Additionally, you may evaluate how the addition of Mendus AB to your portfolios can decrease your overall portfolio volatility.