Numinus Wellness Stock Forecast - Polynomial Regression
| NUMI Stock | 0.05 0.00 0.00% |
Numinus Stock outlook is based on your current time horizon. Although Numinus Wellness' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Numinus Wellness' systematic risk associated with finding meaningful patterns of Numinus Wellness fundamentals over time.
As of today the relative strength index (rsi) of Numinus Wellness' 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 |
Wall Street Target Price 1.1 | Quarterly Revenue Growth 0.816 |
Using Numinus Wellness hype-based prediction, you can estimate the value of Numinus Wellness from the perspective of Numinus Wellness response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Numinus Wellness on the next trading day is expected to be 0.05 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. Numinus Wellness after-hype prediction price | CAD 0.05 |
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.
Numinus |
Numinus Wellness Additional Predictive Modules
Most predictive techniques to examine Numinus price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Numinus using various technical indicators. When you analyze Numinus 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 |
Numinus Wellness Polynomial Regression Price Forecast For the 28th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Numinus Wellness on the next trading day is expected to be 0.05 with a mean absolute deviation of 0, mean absolute percentage error of 0, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Numinus 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 Numinus Wellness' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Numinus Wellness Stock Forecast Pattern
| Backtest Numinus Wellness | Numinus Wellness Price Prediction | Buy or Sell Advice |
Numinus Wellness Forecasted Value
In the context of forecasting Numinus Wellness' 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. Numinus Wellness' downside and upside margins for the forecasting period are 0.05 and 0.05, respectively. We have considered Numinus Wellness' 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Numinus Wellness stock data series using in forecasting. Note that when a statistical model is used to represent Numinus Wellness 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 | 45.5111 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Numinus Wellness
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Numinus Wellness. 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.Numinus Wellness After-Hype Price Density Analysis
As far as predicting the price of Numinus Wellness 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 Numinus Wellness 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 Numinus Wellness, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Numinus Wellness Estimiated After-Hype Price Volatility
In the context of predicting Numinus Wellness' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Numinus Wellness' historical news coverage. Numinus Wellness' after-hype downside and upside margins for the prediction period are 0.05 and 0.05, respectively. We have considered Numinus Wellness' 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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Numinus Wellness is very steady at this time. Analysis and calculation of next after-hype price of Numinus Wellness is based on 3 months time horizon.
Numinus Wellness Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Numinus Wellness is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Numinus Wellness 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 Numinus Wellness, 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 |
0.00 | 0.00 | 0.00 | 0.00 | 5 Events / Month | 0 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.05 | 0.05 | 0.00 |
|
Numinus Wellness Hype Timeline
Numinus Wellness is now traded for 0.05on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Numinus is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is now at 0.0%. %. The volatility of related hype on Numinus Wellness is about 0.0%, with the expected price after the next announcement by competition of 0.05. The company recorded a loss per share of 0.08. Numinus Wellness last dividend was issued on the 20th of May 2020. Assuming the 90 days trading horizon the next estimated press release will be in about 5 days. Check out Historical Fundamental Analysis of Numinus Wellness to cross-verify your projections.Other Forecasting Options for Numinus Wellness
For every potential investor in Numinus, whether a beginner or expert, Numinus Wellness' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Numinus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Numinus. Basic forecasting techniques help filter out the noise by identifying Numinus Wellness' price trends.Numinus Wellness 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 Numinus Wellness stock to make a market-neutral strategy. Peer analysis of Numinus Wellness could also be used in its relative valuation, which is a method of valuing Numinus Wellness by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Numinus Wellness Market Strength Events
Market strength indicators help investors to evaluate how Numinus Wellness stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Numinus Wellness shares will generate the highest return on investment. By undertsting and applying Numinus Wellness stock market strength indicators, traders can identify Numinus Wellness entry and exit signals to maximize returns.
Story Coverage note for Numinus Wellness
The number of cover stories for Numinus Wellness depends on current market conditions and Numinus Wellness' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Numinus Wellness 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 Numinus Wellness' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
Story Categories
Currently Trending Categories
Numinus Wellness Short Properties
Numinus Wellness' future price predictability will typically decrease when Numinus Wellness' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Numinus Wellness often depends not only on the future outlook of the potential Numinus Wellness' 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. Numinus Wellness' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 295.1 M | |
| Cash And Short Term Investments | 2 M |
Other Information on Investing in Numinus Stock
Numinus Wellness financial ratios help investors to determine whether Numinus Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Numinus with respect to the benefits of owning Numinus Wellness security.