Kelvin Medical Stock Forecast - Double Exponential Smoothing
| KVMD Stock | USD 0.0001 0.00 0.00% |
The Double Exponential Smoothing forecasted value of Kelvin Medical on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Kelvin Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kelvin Medical stock prices and determine the direction of Kelvin Medical's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kelvin Medical's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength index (rsi) of Kelvin Medical's share price is below 20 . This 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 Kelvin Medical hype-based prediction, you can estimate the value of Kelvin Medical from the perspective of Kelvin Medical response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Kelvin Medical on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Kelvin Medical after-hype prediction price | USD 1.0E-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 Kelvin Medical to cross-verify your projections. Kelvin Medical Additional Predictive Modules
Most predictive techniques to examine Kelvin price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Kelvin using various technical indicators. When you analyze Kelvin 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 |
Kelvin Medical Double Exponential Smoothing Price Forecast For the 6th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Kelvin Medical on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Kelvin 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 Kelvin Medical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Kelvin Medical Stock Forecast Pattern
| Backtest Kelvin Medical | Kelvin Medical Price Prediction | Buy or Sell Advice |
Kelvin Medical Forecasted Value
In the context of forecasting Kelvin Medical'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. Kelvin Medical's downside and upside margins for the forecasting period are 0.0001 and 0.0001, respectively. We have considered Kelvin Medical'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Kelvin Medical stock data series using in forecasting. Note that when a statistical model is used to represent Kelvin Medical 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 | Huge |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Kelvin Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kelvin Medical. 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 Kelvin Medical
For every potential investor in Kelvin, whether a beginner or expert, Kelvin Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kelvin Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kelvin. Basic forecasting techniques help filter out the noise by identifying Kelvin Medical's price trends.Kelvin Medical 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 Kelvin Medical stock to make a market-neutral strategy. Peer analysis of Kelvin Medical could also be used in its relative valuation, which is a method of valuing Kelvin Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kelvin Medical 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 Kelvin Medical'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 Kelvin Medical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Kelvin Medical Market Strength Events
Market strength indicators help investors to evaluate how Kelvin Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kelvin Medical shares will generate the highest return on investment. By undertsting and applying Kelvin Medical stock market strength indicators, traders can identify Kelvin Medical entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
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.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Check out Historical Fundamental Analysis of Kelvin Medical to cross-verify your projections. For information on how to trade Kelvin Stock refer to our How to Trade Kelvin Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Medical Devices 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 Kelvin Medical. If investors know Kelvin 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 Kelvin Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Kelvin Medical is measured differently than its book value, which is the value of Kelvin that is recorded on the company's balance sheet. Investors also form their own opinion of Kelvin Medical's value that differs from its market value or its book value, called intrinsic value, which is Kelvin Medical'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 Kelvin Medical's market value can be influenced by many factors that don't directly affect Kelvin Medical'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 Kelvin Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kelvin Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kelvin Medical'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.