Infrared Cameras Stock Forecast - Naive Prediction
| MSAI Stock | 1.68 0.11 7.01% |
The Naive Prediction forecasted value of Infrared Cameras Holdings on the next trading day is expected to be 1.72 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.37. Infrared Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Infrared Cameras' historical fundamentals, such as revenue growth or operating cash flow patterns.
Infrared |
Infrared Cameras 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 Infrared Cameras' financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2010-12-31 | Previous Quarter 1.2 M | Current Value 1.4 M | Quarterly Volatility 966.9 K |
Infrared Cameras Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Infrared Cameras Holdings on the next trading day is expected to be 1.72 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.37.Please note that although there have been many attempts to predict Infrared 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 Infrared Cameras' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Infrared Cameras Stock Forecast Pattern
| Backtest Infrared Cameras | Infrared Cameras Price Prediction | Buy or Sell Advice |
Infrared Cameras Forecasted Value
In the context of forecasting Infrared Cameras' 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. Infrared Cameras' downside and upside margins for the forecasting period are 0.02 and 5.94, respectively. We have considered Infrared Cameras' 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 Infrared Cameras stock data series using in forecasting. Note that when a statistical model is used to represent Infrared Cameras 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 | 112.8804 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0553 |
| MAPE | Mean absolute percentage error | 0.0289 |
| SAE | Sum of the absolute errors | 3.372 |
Predictive Modules for Infrared Cameras
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Infrared Cameras Holdings. 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 Infrared Cameras
For every potential investor in Infrared, whether a beginner or expert, Infrared Cameras' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Infrared Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Infrared. Basic forecasting techniques help filter out the noise by identifying Infrared Cameras' price trends.Infrared Cameras 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 Infrared Cameras stock to make a market-neutral strategy. Peer analysis of Infrared Cameras could also be used in its relative valuation, which is a method of valuing Infrared Cameras by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Infrared Cameras Holdings 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 Infrared Cameras' 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 Infrared Cameras' current price.| Cycle Indicators | ||
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Infrared Cameras Market Strength Events
Market strength indicators help investors to evaluate how Infrared Cameras stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Infrared Cameras shares will generate the highest return on investment. By undertsting and applying Infrared Cameras stock market strength indicators, traders can identify Infrared Cameras Holdings entry and exit signals to maximize returns.
Infrared Cameras Risk Indicators
The analysis of Infrared Cameras' 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 Infrared Cameras' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting infrared 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 | 2.72 | |||
| Standard Deviation | 4.16 | |||
| Variance | 17.31 |
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 Infrared Cameras Holdings is a strong investment it is important to analyze Infrared Cameras' 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 Infrared Cameras' future performance. For an informed investment choice regarding Infrared Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Infrared Cameras to cross-verify your projections. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Building Products 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 Infrared Cameras. If investors know Infrared 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 Infrared Cameras listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.16) | Revenue Per Share 0.606 | Quarterly Revenue Growth 0.589 | Return On Assets (0.82) | Return On Equity (6.86) |
The market value of Infrared Cameras Holdings is measured differently than its book value, which is the value of Infrared that is recorded on the company's balance sheet. Investors also form their own opinion of Infrared Cameras' value that differs from its market value or its book value, called intrinsic value, which is Infrared Cameras' 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 Infrared Cameras' market value can be influenced by many factors that don't directly affect Infrared Cameras' 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 Infrared Cameras' value and its price as these two are different measures arrived at by different means. Investors typically determine if Infrared Cameras is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Infrared Cameras' 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.