Laboratory Stock Forecast - 4 Period Moving Average
| LH Stock | USD 241.29 1.62 0.68% |
The 4 Period Moving Average forecasted value of Laboratory of on the next trading day is expected to be 240.60 with a mean absolute deviation of 3.42 and the sum of the absolute errors of 198.41. Laboratory Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Laboratory's historical fundamentals, such as revenue growth or operating cash flow patterns.
Laboratory |
Laboratory 4 Period Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Laboratory of on the next trading day is expected to be 240.60 with a mean absolute deviation of 3.42, mean absolute percentage error of 18.90, and the sum of the absolute errors of 198.41.Please note that although there have been many attempts to predict Laboratory 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 Laboratory's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Laboratory Stock Forecast Pattern
| Backtest Laboratory | Laboratory Price Prediction | Buy or Sell Advice |
Laboratory Forecasted Value
In the context of forecasting Laboratory'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. Laboratory's downside and upside margins for the forecasting period are 239.29 and 241.92, respectively. We have considered Laboratory'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Laboratory stock data series using in forecasting. Note that when a statistical model is used to represent Laboratory 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 | 115.5362 |
| Bias | Arithmetic mean of the errors | -0.5415 |
| MAD | Mean absolute deviation | 3.4209 |
| MAPE | Mean absolute percentage error | 0.015 |
| SAE | Sum of the absolute errors | 198.4125 |
Predictive Modules for Laboratory
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Laboratory. 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 Laboratory
For every potential investor in Laboratory, whether a beginner or expert, Laboratory's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Laboratory Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Laboratory. Basic forecasting techniques help filter out the noise by identifying Laboratory's price trends.Laboratory 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 Laboratory stock to make a market-neutral strategy. Peer analysis of Laboratory could also be used in its relative valuation, which is a method of valuing Laboratory by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Laboratory 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 Laboratory'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 Laboratory's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Laboratory Market Strength Events
Market strength indicators help investors to evaluate how Laboratory stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Laboratory shares will generate the highest return on investment. By undertsting and applying Laboratory stock market strength indicators, traders can identify Laboratory of entry and exit signals to maximize returns.
Laboratory Risk Indicators
The analysis of Laboratory'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 Laboratory's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting laboratory 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 | 0.9217 | |||
| Semi Deviation | 1.16 | |||
| Standard Deviation | 1.28 | |||
| Variance | 1.64 | |||
| Downside Variance | 1.63 | |||
| Semi Variance | 1.35 | |||
| Expected Short fall | (0.91) |
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.
Currently Active Assets on Macroaxis
Check out Historical Fundamental Analysis of Laboratory to cross-verify your projections. 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 Health Care Providers & 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 Laboratory. If investors know Laboratory 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 Laboratory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 2.88 | Earnings Share 5.27 | Revenue Per Share 151.028 | Quarterly Revenue Growth 0.074 |
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory'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 Laboratory's market value can be influenced by many factors that don't directly affect Laboratory'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 Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory'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.