MannKind Corp Stock Forecast - Simple Moving Average
| MNKD Stock | USD 6.72 0.12 1.75% |
The Simple Moving Average forecasted value of MannKind Corp on the next trading day is expected to be 6.72 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.55. MannKind Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MannKind Corp stock prices and determine the direction of MannKind Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MannKind Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
MannKind |
MannKind Corp Simple Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the Simple Moving Average forecasted value of MannKind Corp on the next trading day is expected to be 6.72 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.55.Please note that although there have been many attempts to predict MannKind 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 MannKind Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MannKind Corp Stock Forecast Pattern
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MannKind Corp Forecasted Value
In the context of forecasting MannKind 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. MannKind Corp's downside and upside margins for the forecasting period are 4.82 and 8.62, respectively. We have considered MannKind 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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of MannKind Corp stock data series using in forecasting. Note that when a statistical model is used to represent MannKind 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 | 110.3627 |
| Bias | Arithmetic mean of the errors | -0.0161 |
| MAD | Mean absolute deviation | 0.111 |
| MAPE | Mean absolute percentage error | 0.0167 |
| SAE | Sum of the absolute errors | 6.55 |
Predictive Modules for MannKind 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 MannKind 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 MannKind Corp
For every potential investor in MannKind, whether a beginner or expert, MannKind Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MannKind Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MannKind. Basic forecasting techniques help filter out the noise by identifying MannKind Corp's price trends.View MannKind Corp Related Equities
| Risk & Return | Correlation |
MannKind 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 MannKind 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 MannKind Corp's current price.| Cycle Indicators | ||
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MannKind Corp Market Strength Events
Market strength indicators help investors to evaluate how MannKind 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 MannKind Corp shares will generate the highest return on investment. By undertsting and applying MannKind Corp stock market strength indicators, traders can identify MannKind Corp entry and exit signals to maximize returns.
MannKind Corp Risk Indicators
The analysis of MannKind 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 MannKind Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mannkind 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 | 1.59 | |||
| Semi Deviation | 1.25 | |||
| Standard Deviation | 2.2 | |||
| Variance | 4.84 | |||
| Downside Variance | 2.63 | |||
| Semi Variance | 1.56 | |||
| Expected Short fall | (1.83) |
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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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.When determining whether MannKind Corp is a strong investment it is important to analyze MannKind 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 MannKind Corp's future performance. For an informed investment choice regarding MannKind Stock, refer to the following important reports:Check out Historical Fundamental Analysis of MannKind Corp to cross-verify your projections. For information on how to trade MannKind Stock refer to our How to Trade MannKind Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Biotechnology 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 MannKind Corp. If investors know MannKind 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 MannKind Corp 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 5.246 | Earnings Share 0.08 | Revenue Per Share 0.982 | Quarterly Revenue Growth 0.367 | Return On Assets 0.0912 |
The market value of MannKind Corp is measured differently than its book value, which is the value of MannKind that is recorded on the company's balance sheet. Investors also form their own opinion of MannKind Corp's value that differs from its market value or its book value, called intrinsic value, which is MannKind 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 MannKind Corp's market value can be influenced by many factors that don't directly affect MannKind 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 MannKind Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if MannKind Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MannKind 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.