Nanobiotix Stock Forecast - Naive Prediction
| NBTX Stock | USD 23.12 1.45 6.69% |
The Naive Prediction forecasted value of Nanobiotix on the next trading day is expected to be 24.34 with a mean absolute deviation of 1.17 and the sum of the absolute errors of 71.10. Nanobiotix Stock Forecast is based on your current time horizon.
At this time the rsi of Nanobiotix's share price is below 20 . This indicates that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
EPS Estimate Current Year (0.46) | EPS Estimate Next Year 0.6949 | Wall Street Target Price 15.8702 | Quarterly Revenue Growth 1.868 |
Using Nanobiotix hype-based prediction, you can estimate the value of Nanobiotix from the perspective of Nanobiotix response to recently generated media hype and the effects of current headlines on its competitors.
Nanobiotix Hype to Price Pattern
Investor biases related to Nanobiotix's public news can be used to forecast risks associated with an investment in Nanobiotix. The trend in average sentiment can be used to explain how an investor holding Nanobiotix can time the market purely based on public headlines and social activities around Nanobiotix. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Nanobiotix's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Nanobiotix.
The Naive Prediction forecasted value of Nanobiotix on the next trading day is expected to be 24.34 with a mean absolute deviation of 1.17 and the sum of the absolute errors of 71.10. Nanobiotix after-hype prediction price | USD 23.05 |
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.
Nanobiotix | Build AI portfolio with Nanobiotix Stock |
Nanobiotix Additional Predictive Modules
Most predictive techniques to examine Nanobiotix price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Nanobiotix using various technical indicators. When you analyze Nanobiotix 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 |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Nanobiotix's financial statements to predict how it will affect future prices.
Cash | First Reported 2011-12-31 | Previous Quarter 49.7 M | Current Value 28.8 M | Quarterly Volatility 31 M |
Nanobiotix Naive Prediction Price Forecast For the 3rd of January
Given 90 days horizon, the Naive Prediction forecasted value of Nanobiotix on the next trading day is expected to be 24.34 with a mean absolute deviation of 1.17, mean absolute percentage error of 2.46, and the sum of the absolute errors of 71.10.Please note that although there have been many attempts to predict Nanobiotix 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 Nanobiotix's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nanobiotix Stock Forecast Pattern
| Backtest Nanobiotix | Nanobiotix Price Prediction | Buy or Sell Advice |
Nanobiotix Forecasted Value
In the context of forecasting Nanobiotix'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. Nanobiotix's downside and upside margins for the forecasting period are 15.88 and 32.81, respectively. We have considered Nanobiotix'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 Nanobiotix stock data series using in forecasting. Note that when a statistical model is used to represent Nanobiotix 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 | 119.0094 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1656 |
| MAPE | Mean absolute percentage error | 0.0542 |
| SAE | Sum of the absolute errors | 71.1038 |
Predictive Modules for Nanobiotix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nanobiotix. 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 Nanobiotix'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.
Other Forecasting Options for Nanobiotix
For every potential investor in Nanobiotix, whether a beginner or expert, Nanobiotix's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nanobiotix Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nanobiotix. Basic forecasting techniques help filter out the noise by identifying Nanobiotix's price trends.Nanobiotix 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 Nanobiotix stock to make a market-neutral strategy. Peer analysis of Nanobiotix could also be used in its relative valuation, which is a method of valuing Nanobiotix by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nanobiotix 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 Nanobiotix'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 Nanobiotix's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nanobiotix Market Strength Events
Market strength indicators help investors to evaluate how Nanobiotix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nanobiotix shares will generate the highest return on investment. By undertsting and applying Nanobiotix stock market strength indicators, traders can identify Nanobiotix entry and exit signals to maximize returns.
Nanobiotix Risk Indicators
The analysis of Nanobiotix'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 Nanobiotix's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nanobiotix 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 | 5.54 | |||
| Semi Deviation | 7.07 | |||
| Standard Deviation | 8.42 | |||
| Variance | 70.91 | |||
| Downside Variance | 55.69 | |||
| Semi Variance | 50.04 | |||
| Expected Short fall | (6.42) |
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.
Also Currently Popular
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.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Additional Tools for Nanobiotix Stock Analysis
When running Nanobiotix's price analysis, check to measure Nanobiotix'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 Nanobiotix is operating at the current time. Most of Nanobiotix's value examination focuses on studying past and present price action to predict the probability of Nanobiotix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanobiotix's price. Additionally, you may evaluate how the addition of Nanobiotix to your portfolios can decrease your overall portfolio volatility.