Nuvectis Pharma Stock Forecast - 20 Period Moving Average
| NVCT Stock | USD 5.10 0.20 4.08% |
The 20 Period Moving Average forecasted value of Nuvectis Pharma on the next trading day is expected to be 7.35 with a mean absolute deviation of 1.29 and the sum of the absolute errors of 52.73. Nuvectis Stock Forecast is based on your current time horizon.
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Nuvectis Pharma 20 Period Moving Average Price Forecast For the 23rd of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Nuvectis Pharma on the next trading day is expected to be 7.35 with a mean absolute deviation of 1.29, mean absolute percentage error of 2.92, and the sum of the absolute errors of 52.73.Please note that although there have been many attempts to predict Nuvectis 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 Nuvectis Pharma's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nuvectis Pharma Stock Forecast Pattern
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Nuvectis Pharma Forecasted Value
In the context of forecasting Nuvectis Pharma'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. Nuvectis Pharma's downside and upside margins for the forecasting period are 0.05 and 15.90, respectively. We have considered Nuvectis Pharma'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Nuvectis Pharma stock data series using in forecasting. Note that when a statistical model is used to represent Nuvectis Pharma 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 | 82.4251 |
| Bias | Arithmetic mean of the errors | -0.1091 |
| MAD | Mean absolute deviation | 1.2861 |
| MAPE | Mean absolute percentage error | 0.1891 |
| SAE | Sum of the absolute errors | 52.7315 |
Predictive Modules for Nuvectis Pharma
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nuvectis Pharma. 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 Nuvectis Pharma'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 Nuvectis Pharma
For every potential investor in Nuvectis, whether a beginner or expert, Nuvectis Pharma's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nuvectis Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nuvectis. Basic forecasting techniques help filter out the noise by identifying Nuvectis Pharma's price trends.View Nuvectis Pharma Related Equities
| Risk & Return | Correlation |
Nuvectis Pharma 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 Nuvectis Pharma'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 Nuvectis Pharma's current price.| Cycle Indicators | ||
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Nuvectis Pharma Market Strength Events
Market strength indicators help investors to evaluate how Nuvectis Pharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nuvectis Pharma shares will generate the highest return on investment. By undertsting and applying Nuvectis Pharma stock market strength indicators, traders can identify Nuvectis Pharma entry and exit signals to maximize returns.
| Accumulation Distribution | 17529.8 | |||
| Daily Balance Of Power | 0.3774 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 4.88 | |||
| Day Typical Price | 4.95 | |||
| Price Action Indicator | 0.32 | |||
| Period Momentum Indicator | 0.2 |
Nuvectis Pharma Risk Indicators
The analysis of Nuvectis Pharma'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 Nuvectis Pharma's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nuvectis 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 | 4.27 | |||
| Standard Deviation | 8.41 | |||
| Variance | 70.74 |
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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Additional Tools for Nuvectis Stock Analysis
When running Nuvectis Pharma's price analysis, check to measure Nuvectis Pharma'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 Nuvectis Pharma is operating at the current time. Most of Nuvectis Pharma's value examination focuses on studying past and present price action to predict the probability of Nuvectis Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuvectis Pharma's price. Additionally, you may evaluate how the addition of Nuvectis Pharma to your portfolios can decrease your overall portfolio volatility.