Life360 Pink Sheet Forecast - Simple Regression

LIFX Stock  USD 13.91  0.09  0.64%   
The Simple Regression forecasted value of Life360 on the next trading day is expected to be 13.96 with a mean absolute deviation of 0.79 and the sum of the absolute errors of 47.92. Life360 Pink Sheet Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Life360 price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Life360 Simple Regression Price Forecast For the 27th of November

Given 90 days horizon, the Simple Regression forecasted value of Life360 on the next trading day is expected to be 13.96 with a mean absolute deviation of 0.79, mean absolute percentage error of 0.99, and the sum of the absolute errors of 47.92.
Please note that although there have been many attempts to predict Life360 Pink Sheet 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 Life360's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Life360 Pink Sheet Forecast Pattern

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Life360 Forecasted Value

In the context of forecasting Life360's Pink Sheet 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. Life360's downside and upside margins for the forecasting period are 9.43 and 18.49, respectively. We have considered Life360'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.
Market Value
13.91
13.96
Expected Value
18.49
Upside

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 Life360 pink sheet data series using in forecasting. Note that when a statistical model is used to represent Life360 pink sheet, 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.
AICAkaike Information Criteria118.103
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7856
MAPEMean absolute percentage error0.0648
SAESum of the absolute errors47.9197
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Life360 historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Life360

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Life360. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.
Hype
Prediction
LowEstimatedHigh
9.3813.9118.44
Details
Intrinsic
Valuation
LowRealHigh
6.5511.0815.61
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13.9213.9814.05
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Life360. Your research has to be compared to or analyzed against Life360's peers to derive any actionable benefits. When done correctly, Life360's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Life360.

Other Forecasting Options for Life360

For every potential investor in Life360, whether a beginner or expert, Life360's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Life360 Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Life360. Basic forecasting techniques help filter out the noise by identifying Life360's price trends.

View Life360 Related Equities

 Risk & Return  Correlation

Life360 Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Life360'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 Life360's current price.

Life360 Market Strength Events

Market strength indicators help investors to evaluate how Life360 pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Life360 shares will generate the highest return on investment. By undertsting and applying Life360 pink sheet market strength indicators, traders can identify Life360 entry and exit signals to maximize returns.

Life360 Risk Indicators

The analysis of Life360'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 Life360's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting life360 pink sheet 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.
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.

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.

Additional Tools for Life360 Pink Sheet Analysis

When running Life360's price analysis, check to measure Life360'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 Life360 is operating at the current time. Most of Life360's value examination focuses on studying past and present price action to predict the probability of Life360's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Life360's price. Additionally, you may evaluate how the addition of Life360 to your portfolios can decrease your overall portfolio volatility.