Pulmonx Corp Stock Forecast - Naive Prediction
| LUNG Stock | USD 6.61 0.18 2.65% |
The Naive Prediction forecasted value of Pulmonx Corp on the next trading day is expected to be 5.73 with a mean absolute deviation of 0.33 and the sum of the absolute errors of 20.37. Pulmonx Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Pulmonx Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
Pulmonx |
Pulmonx Corp Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Pulmonx Corp's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2016-12-31 | Previous Quarter 63.7 M | Current Value 63.3 M | Quarterly Volatility 70.5 M |
Pulmonx Corp Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Pulmonx Corp on the next trading day is expected to be 5.73 with a mean absolute deviation of 0.33, mean absolute percentage error of 0.16, and the sum of the absolute errors of 20.37.Please note that although there have been many attempts to predict Pulmonx 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 Pulmonx Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pulmonx Corp Stock Forecast Pattern
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Pulmonx Corp Forecasted Value
In the context of forecasting Pulmonx Corp'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. Pulmonx Corp's downside and upside margins for the forecasting period are 1.29 and 10.16, respectively. We have considered Pulmonx Corp'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 Pulmonx Corp stock data series using in forecasting. Note that when a statistical model is used to represent Pulmonx Corp 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 | 118.1097 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3285 |
| MAPE | Mean absolute percentage error | 0.0473 |
| SAE | Sum of the absolute errors | 20.3677 |
Predictive Modules for Pulmonx Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pulmonx Corp. 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 Pulmonx Corp
For every potential investor in Pulmonx, whether a beginner or expert, Pulmonx Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pulmonx Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pulmonx. Basic forecasting techniques help filter out the noise by identifying Pulmonx Corp's price trends.View Pulmonx Corp Related Equities
| Risk & Return | Correlation |
Pulmonx Corp 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 Pulmonx Corp'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 Pulmonx Corp's current price.| Cycle Indicators | ||
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Pulmonx Corp Market Strength Events
Market strength indicators help investors to evaluate how Pulmonx Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pulmonx Corp shares will generate the highest return on investment. By undertsting and applying Pulmonx Corp stock market strength indicators, traders can identify Pulmonx Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 14767.82 | |||
| Daily Balance Of Power | (0.38) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 6.85 | |||
| Day Typical Price | 6.77 | |||
| Price Action Indicator | (0.33) | |||
| Period Momentum Indicator | (0.18) |
Pulmonx Corp Risk Indicators
The analysis of Pulmonx Corp'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 Pulmonx Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pulmonx 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 | 3.27 | |||
| Semi Deviation | 4.1 | |||
| Standard Deviation | 4.5 | |||
| Variance | 20.22 | |||
| Downside Variance | 20.41 | |||
| Semi Variance | 16.83 | |||
| Expected Short fall | (3.67) |
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.
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When determining whether Pulmonx Corp is a strong investment it is important to analyze Pulmonx Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pulmonx Corp's future performance. For an informed investment choice regarding Pulmonx Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Pulmonx Corp to cross-verify your projections. For more detail on how to invest in Pulmonx Stock please use our How to Invest in Pulmonx Corp guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Health Care Equipment & Supplies 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 Pulmonx Corp. If investors know Pulmonx 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 Pulmonx Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.47) | Revenue Per Share 2.043 | Quarterly Revenue Growth 0.154 | Return On Assets (0.20) | Return On Equity (0.52) |
The market value of Pulmonx Corp is measured differently than its book value, which is the value of Pulmonx that is recorded on the company's balance sheet. Investors also form their own opinion of Pulmonx Corp's value that differs from its market value or its book value, called intrinsic value, which is Pulmonx Corp'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 Pulmonx Corp's market value can be influenced by many factors that don't directly affect Pulmonx Corp'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 Pulmonx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pulmonx Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pulmonx Corp'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.