Myomo Stock Forward View - Simple Regression
| MYO Stock | USD 0.76 0.02 2.56% |
Myomo Stock outlook is based on your current time horizon.
As of today, the relative strength index (RSI) of Myomo's share price is approaching 34. 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 Myomo, making its price go up or down. Momentum 34
Sell Stretched
Oversold | Overbought |
Using Myomo hype-based prediction, you can estimate the value of Myomo Inc from the perspective of Myomo response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Myomo Inc on the next trading day is expected to be 0.86 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.28. Myomo after-hype prediction price | USD 0.77 |
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.
Check out Historical Fundamental Analysis of Myomo to cross-verify your projections. Myomo Additional Predictive Modules
Most predictive techniques to examine Myomo price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Myomo using various technical indicators. When you analyze Myomo 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 |
Myomo Simple Regression Price Forecast For the 20th of February
Given 90 days horizon, the Simple Regression forecasted value of Myomo Inc on the next trading day is expected to be 0.86 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.28.Please note that although there have been many attempts to predict Myomo Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Myomo's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Myomo Stock Forecast Pattern
| Backtest Myomo | Myomo Price Prediction | Research Analysis |
Myomo Forecasted Value
In the context of forecasting Myomo'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. Myomo's downside and upside margins for the forecasting period are 0.01 and 5.51, respectively. We have considered Myomo'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 Regression forecasting method's relative quality and the estimations of the prediction error of Myomo stock data series using in forecasting. Note that when a statistical model is used to represent Myomo 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 | 113.1806 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0702 |
| MAPE | Mean absolute percentage error | 0.0778 |
| SAE | Sum of the absolute errors | 4.2809 |
Predictive Modules for Myomo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Myomo Inc. 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 Myomo'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.
Myomo After-Hype Price Density Analysis
As far as predicting the price of Myomo 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 Myomo 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 Myomo, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Myomo Estimiated After-Hype Price Volatility
In the context of predicting Myomo's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Myomo's historical news coverage. Myomo's after-hype downside and upside margins for the prediction period are 0.04 and 5.42, respectively. We have considered Myomo'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 compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Myomo is dangerous at this time. Analysis and calculation of next after-hype price of Myomo Inc is based on 3 months time horizon.
Myomo Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Myomo is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Myomo 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 Myomo, 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 |
0.08 | 4.65 | 0.00 | 0.00 | 0 Events / Month | 5 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.76 | 0.77 | 0.23 |
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Myomo Hype Timeline
On the 19th of February Myomo Inc is traded for 0.76. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Myomo is anticipated to increase in value after the next headline, with the price projected to jump to 0.77 or above. The average volatility of media hype impact on the company the price is insignificant. The price boost on the next news is forecasted to be 0.23%, whereas the daily expected return is now at 0.08%. The volatility of related hype on Myomo is about 31000.0%, with the expected price after the next announcement by competition of 0.76. The company reported the last year's revenue of 32.55 M. Reported Net Loss for the year was (6.18 M) with profit before taxes, overhead, and interest of 27.72 M. Considering the 90-day investment horizon the next anticipated press release will be uncertain. Check out Historical Fundamental Analysis of Myomo to cross-verify your projections.Myomo Related Hype Analysis
Having access to credible news sources related to Myomo's direct competition is more important than ever and may enhance your ability to predict Myomo's future price movements. Getting to know how Myomo'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 Myomo may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MODD | Modular Medical | (0.02) | 9 per month | 6.38 | 0.04 | 10.42 | (7.69) | 41.53 | |
| HYPD | Hyperion DeFi | (0.20) | 6 per month | 0.00 | (0.04) | 16.94 | (11.49) | 34.90 | |
| RBOT | Vicarious Surgical | 0.1 | 7 per month | 0.00 | (0.12) | 11.90 | (8.37) | 36.01 | |
| POCI | Precision Optics | 0.06 | 6 per month | 0.00 | (0.03) | 4.39 | (5.05) | 19.32 | |
| NMTC | Neuroone Medical Technologies | 0.00 | 0 per month | 5.17 | 0.05 | 9.59 | (8.16) | 31.34 | |
| MIRA | MIRA Pharmaceuticals Common | 0.00 | 0 per month | 0.00 | (0.09) | 3.60 | (5.52) | 15.40 | |
| ECOR | Electrocore LLC | (0.12) | 7 per month | 4.28 | 0.04 | 10.17 | (7.53) | 21.08 | |
| MLSS | Milestone Scientific | 0.02 | 7 per month | 0.00 | (0.09) | 7.14 | (6.90) | 23.59 | |
| NXL | Nexalin Technology | (0.01) | 4 per month | 0.00 | (0.19) | 8.77 | (11.11) | 34.88 | |
| IGC | India Globalization Capital | 0.02 | 3 per month | 0.00 | (0.09) | 6.06 | (5.71) | 25.10 |
Other Forecasting Options for Myomo
For every potential investor in Myomo, whether a beginner or expert, Myomo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Myomo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Myomo. Basic forecasting techniques help filter out the noise by identifying Myomo's price trends.Myomo 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 Myomo stock to make a market-neutral strategy. Peer analysis of Myomo could also be used in its relative valuation, which is a method of valuing Myomo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Myomo Market Strength Events
Market strength indicators help investors to evaluate how Myomo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myomo shares will generate the highest return on investment. By undertsting and applying Myomo stock market strength indicators, traders can identify Myomo Inc entry and exit signals to maximize returns.
| Accumulation Distribution | 21498.62 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 0.76 | |||
| Day Typical Price | 0.76 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.02) | |||
| Relative Strength Index | 34.75 |
Myomo Risk Indicators
The analysis of Myomo'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 Myomo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting myomo 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 | 3.54 | |||
| Semi Deviation | 4.63 | |||
| Standard Deviation | 4.65 | |||
| Variance | 21.63 | |||
| Downside Variance | 24.95 | |||
| Semi Variance | 21.42 | |||
| Expected Short fall | (3.62) |
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 Myomo
The number of cover stories for Myomo depends on current market conditions and Myomo's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Myomo 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 Myomo'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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Myomo Short Properties
Myomo's future price predictability will typically decrease when Myomo's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Myomo Inc often depends not only on the future outlook of the potential Myomo'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. Myomo's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 37.8 M | |
| Cash And Short Term Investments | 24.9 M |
Check out Historical Fundamental Analysis of Myomo to cross-verify your projections. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Will Health Care Equipment & Supplies sector continue expanding? Could Myomo diversify its offerings? Factors like these will boost the valuation of Myomo. Expected growth trajectory for Myomo significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Myomo data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Myomo's market value can be influenced by many factors that don't directly affect Myomo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Myomo's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Myomo represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Myomo's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.