Innovative Eyewear Stock Forward View
| LUCY Stock | USD 1.14 0.04 3.39% |
Innovative Stock outlook is based on your current time horizon.
At this time, the relative strength index (RSI) of Innovative Eyewear's share price is approaching 42. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Innovative Eyewear, making its price go up or down. Momentum 42
Sell Extended
Oversold | Overbought |
Using Innovative Eyewear hype-based prediction, you can estimate the value of Innovative Eyewear from the perspective of Innovative Eyewear response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Innovative Eyewear on the next trading day is expected to be 0.88 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.79. Innovative Eyewear after-hype prediction price | USD 1.14 |
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.
Innovative | Build AI portfolio with Innovative Stock |
Innovative Eyewear Additional Predictive Modules
Most predictive techniques to examine Innovative price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Innovative using various technical indicators. When you analyze Innovative 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 |
Innovative Eyewear Naive Prediction Price Forecast For the 2nd of February
Given 90 days horizon, the Naive Prediction forecasted value of Innovative Eyewear on the next trading day is expected to be 0.88 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.79.Please note that although there have been many attempts to predict Innovative 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 Innovative Eyewear's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Innovative Eyewear Stock Forecast Pattern
| Backtest Innovative Eyewear | Innovative Eyewear Price Prediction | Buy or Sell Advice |
Innovative Eyewear Forecasted Value
In the context of forecasting Innovative Eyewear'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. Innovative Eyewear's downside and upside margins for the forecasting period are 0.01 and 9.24, respectively. We have considered Innovative Eyewear'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 Innovative Eyewear stock data series using in forecasting. Note that when a statistical model is used to represent Innovative Eyewear 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 | 114.0531 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0949 |
| MAPE | Mean absolute percentage error | 0.0696 |
| SAE | Sum of the absolute errors | 5.787 |
Predictive Modules for Innovative Eyewear
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Innovative Eyewear. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovative Eyewear's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Innovative Eyewear After-Hype Price Density Analysis
As far as predicting the price of Innovative Eyewear 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 Innovative Eyewear 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 Innovative Eyewear, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Innovative Eyewear Estimiated After-Hype Price Volatility
In the context of predicting Innovative Eyewear's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Innovative Eyewear's historical news coverage. Innovative Eyewear's after-hype downside and upside margins for the prediction period are 0.06 and 9.51, respectively. We have considered Innovative Eyewear'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
Innovative Eyewear is abnormally volatile at this time. Analysis and calculation of next after-hype price of Innovative Eyewear is based on 3 months time horizon.
Innovative Eyewear Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Innovative Eyewear is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Innovative Eyewear 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 Innovative Eyewear, 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 |
0.35 | 8.35 | 0.00 | 0.28 | 0 Events / Month | 2 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
1.14 | 1.14 | 0.00 |
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Innovative Eyewear Hype Timeline
Innovative Eyewear is now traded for 1.14. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.28. Innovative is forecasted 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 forecasted to be very small, whereas the daily expected return is now at -0.35%. %. The volatility of related hype on Innovative Eyewear is about 1030.86%, with the expected price after the next announcement by competition of 0.86. The company has price-to-book ratio of 0.6. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Innovative Eyewear recorded a loss per share of 2.03. The entity had not issued any dividends in recent years. The firm had 1:20 split on the 18th of July 2024. Given the investment horizon of 90 days the next forecasted press release will be uncertain. Check out Historical Fundamental Analysis of Innovative Eyewear to cross-verify your projections.Innovative Eyewear Related Hype Analysis
Having access to credible news sources related to Innovative Eyewear's direct competition is more important than ever and may enhance your ability to predict Innovative Eyewear's future price movements. Getting to know how Innovative Eyewear'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 Innovative Eyewear may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MHUA | Meihua International Medical | (2.70) | 7 per month | 0.00 | 0.64 | 40.03 | 0.00 | 44.58 | |
| CHEK | Check Cap | (2.70) | 3 per month | 6.07 | 0.12 | 17.16 | (10.37) | 198.26 | |
| BCDA | Biocardia | 0.00 | 0 per month | 0.00 | (0.05) | 5.74 | (4.32) | 17.38 | |
| CELZ | Creative Medical Technology | 0.00 | 0 per month | 0.00 | (0.10) | 8.61 | (8.89) | 23.26 | |
| PFSA | Profusa Common Stock | (2.70) | 4 per month | 0.00 | (0.03) | 12.50 | (16.67) | 91.67 | |
| KPRX | Kiora Pharmaceuticals | 0.00 | 0 per month | 2.88 | (0.01) | 4.44 | (5.19) | 16.69 | |
| SBFM | Sunshine Biopharma | 0.00 | 0 per month | 0.00 | (0.19) | 4.13 | (5.37) | 13.93 | |
| POAI | POAI Old | 0.00 | 0 per month | 0.00 | (0.12) | 13.47 | (12.50) | 31.07 | |
| APRE | Aprea Therapeutics | 0.00 | 0 per month | 0.00 | (0.11) | 4.40 | (8.43) | 27.77 | |
| BMRA | Biomerica | 0.00 | 0 per month | 0.00 | (0.06) | 4.12 | (5.21) | 18.44 |
Other Forecasting Options for Innovative Eyewear
For every potential investor in Innovative, whether a beginner or expert, Innovative Eyewear's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Innovative Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Innovative. Basic forecasting techniques help filter out the noise by identifying Innovative Eyewear's price trends.Innovative Eyewear 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 Innovative Eyewear stock to make a market-neutral strategy. Peer analysis of Innovative Eyewear could also be used in its relative valuation, which is a method of valuing Innovative Eyewear by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Innovative Eyewear Market Strength Events
Market strength indicators help investors to evaluate how Innovative Eyewear stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innovative Eyewear shares will generate the highest return on investment. By undertsting and applying Innovative Eyewear stock market strength indicators, traders can identify Innovative Eyewear entry and exit signals to maximize returns.
Innovative Eyewear Risk Indicators
The analysis of Innovative Eyewear'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 Innovative Eyewear's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting innovative 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 | 5.07 | |||
| Standard Deviation | 8.37 | |||
| Variance | 70.0 |
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 Innovative Eyewear
The number of cover stories for Innovative Eyewear depends on current market conditions and Innovative Eyewear's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Innovative Eyewear 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 Innovative Eyewear'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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Innovative Eyewear Short Properties
Innovative Eyewear's future price predictability will typically decrease when Innovative Eyewear's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Innovative Eyewear often depends not only on the future outlook of the potential Innovative Eyewear'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. Innovative Eyewear's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.5 M | |
| Cash And Short Term Investments | 7.5 M |
Additional Tools for Innovative Stock Analysis
When running Innovative Eyewear's price analysis, check to measure Innovative Eyewear'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 Innovative Eyewear is operating at the current time. Most of Innovative Eyewear's value examination focuses on studying past and present price action to predict the probability of Innovative Eyewear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Eyewear's price. Additionally, you may evaluate how the addition of Innovative Eyewear to your portfolios can decrease your overall portfolio volatility.