Ocular Therapeutix Stock Forecast - 20 Period Moving Average
| OCUL Stock | USD 9.09 0.26 2.94% |
The 20 Period Moving Average forecasted value of Ocular Therapeutix on the next trading day is expected to be 9.94 with a mean absolute deviation of 0.93 and the sum of the absolute errors of 38.00. Ocular Stock Forecast is based on your current time horizon. Although Ocular Therapeutix's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ocular Therapeutix's systematic risk associated with finding meaningful patterns of Ocular Therapeutix fundamentals over time.
Ocular |
Ocular Therapeutix 20 Period Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Ocular Therapeutix on the next trading day is expected to be 9.94 with a mean absolute deviation of 0.93, mean absolute percentage error of 1.27, and the sum of the absolute errors of 38.00.Please note that although there have been many attempts to predict Ocular 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 Ocular Therapeutix's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ocular Therapeutix Stock Forecast Pattern
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Ocular Therapeutix Forecasted Value
In the context of forecasting Ocular Therapeutix'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. Ocular Therapeutix's downside and upside margins for the forecasting period are 6.49 and 13.40, respectively. We have considered Ocular Therapeutix'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 Ocular Therapeutix stock data series using in forecasting. Note that when a statistical model is used to represent Ocular Therapeutix 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 | 81.5932 |
| Bias | Arithmetic mean of the errors | -0.2022 |
| MAD | Mean absolute deviation | 0.9268 |
| MAPE | Mean absolute percentage error | 0.0928 |
| SAE | Sum of the absolute errors | 37.997 |
Predictive Modules for Ocular Therapeutix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ocular Therapeutix. 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 Ocular Therapeutix'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 Ocular Therapeutix
For every potential investor in Ocular, whether a beginner or expert, Ocular Therapeutix's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ocular Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ocular. Basic forecasting techniques help filter out the noise by identifying Ocular Therapeutix's price trends.Ocular Therapeutix 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 Ocular Therapeutix stock to make a market-neutral strategy. Peer analysis of Ocular Therapeutix could also be used in its relative valuation, which is a method of valuing Ocular Therapeutix by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ocular Therapeutix 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 Ocular Therapeutix'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 Ocular Therapeutix's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Ocular Therapeutix Market Strength Events
Market strength indicators help investors to evaluate how Ocular Therapeutix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocular Therapeutix shares will generate the highest return on investment. By undertsting and applying Ocular Therapeutix stock market strength indicators, traders can identify Ocular Therapeutix entry and exit signals to maximize returns.
Ocular Therapeutix Risk Indicators
The analysis of Ocular Therapeutix'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 Ocular Therapeutix's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ocular 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 | 2.51 | |||
| Semi Deviation | 2.96 | |||
| Standard Deviation | 3.41 | |||
| Variance | 11.6 | |||
| Downside Variance | 9.59 | |||
| Semi Variance | 8.76 | |||
| Expected Short fall | (3.01) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Ocular Therapeutix to cross-verify your projections. For more information on how to buy Ocular Stock please use our How to buy in Ocular Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Pharmaceuticals 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 Ocular Therapeutix. If investors know Ocular 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 Ocular Therapeutix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.29) | Revenue Per Share 0.529 | Quarterly Revenue Growth 0.083 | Return On Assets (0.22) | Return On Equity (0.73) |
The market value of Ocular Therapeutix is measured differently than its book value, which is the value of Ocular that is recorded on the company's balance sheet. Investors also form their own opinion of Ocular Therapeutix's value that differs from its market value or its book value, called intrinsic value, which is Ocular Therapeutix's 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 Ocular Therapeutix's market value can be influenced by many factors that don't directly affect Ocular Therapeutix's 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 Ocular Therapeutix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocular Therapeutix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocular Therapeutix's 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.