Procore Technologies Stock Forecast - Simple Exponential Smoothing
| PCOR Stock | USD 72.74 1.03 1.40% |
The Simple Exponential Smoothing forecasted value of Procore Technologies on the next trading day is expected to be 72.74 with a mean absolute deviation of 1.21 and the sum of the absolute errors of 72.59. Procore Stock Forecast is based on your current time horizon. Although Procore Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Procore Technologies' systematic risk associated with finding meaningful patterns of Procore Technologies fundamentals over time.
As of today, the relative strength indicator of Procore Technologies' share price is approaching 47 indicating 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 Procore Technologies, making its price go up or down. Momentum 47
Impartial
Oversold | Overbought |
EPS Estimate Next Quarter 0.3805 | EPS Estimate Current Year 1.354 | EPS Estimate Next Year 1.7601 | Wall Street Target Price 86.5263 | EPS Estimate Current Quarter 0.3233 |
Using Procore Technologies hype-based prediction, you can estimate the value of Procore Technologies from the perspective of Procore Technologies response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Procore Technologies using Procore Technologies' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Procore using crowd psychology based on the activity and movement of Procore Technologies' stock price.
Procore Technologies Short Interest
An investor who is long Procore Technologies may also wish to track short interest. As short interest increases, investors should be becoming more worried about Procore Technologies and may potentially protect profits, hedge Procore Technologies with its derivative instruments, or be ready for some potential downside.
200 Day MA 69.7149 | Short Percent 0.0803 | Short Ratio 6.47 | Shares Short Prior Month 9.3 M | 50 Day MA 74.4976 |
Procore Technologies Hype to Price Pattern
Investor biases related to Procore Technologies' public news can be used to forecast risks associated with an investment in Procore. The trend in average sentiment can be used to explain how an investor holding Procore can time the market purely based on public headlines and social activities around Procore Technologies. 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 Procore Technologies' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Procore Technologies.
Procore Technologies Implied Volatility | 0.38 |
Procore Technologies' implied volatility exposes the market's sentiment of Procore Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Procore Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Procore Technologies stock will not fluctuate a lot when Procore Technologies' options are near their expiration.
The Simple Exponential Smoothing forecasted value of Procore Technologies on the next trading day is expected to be 72.74 with a mean absolute deviation of 1.21 and the sum of the absolute errors of 72.59. Procore Technologies after-hype prediction price | USD 72.77 |
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 Procore Technologies to cross-verify your projections. Open Interest Against 2026-02-20 Procore Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Procore Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Procore Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Procore Technologies stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Procore Technologies' open interest, investors have to compare it to Procore Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Procore Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Procore. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Procore Technologies Additional Predictive Modules
Most predictive techniques to examine Procore price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Procore using various technical indicators. When you analyze Procore 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 |
Procore Technologies Simple Exponential Smoothing Price Forecast For the 2nd of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Procore Technologies on the next trading day is expected to be 72.74 with a mean absolute deviation of 1.21, mean absolute percentage error of 3.21, and the sum of the absolute errors of 72.59.Please note that although there have been many attempts to predict Procore 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 Procore Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Procore Technologies Stock Forecast Pattern
| Backtest Procore Technologies | Procore Technologies Price Prediction | Buy or Sell Advice |
Procore Technologies Forecasted Value
In the context of forecasting Procore Technologies' 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. Procore Technologies' downside and upside margins for the forecasting period are 70.31 and 75.17, respectively. We have considered Procore Technologies' 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Procore Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Procore Technologies 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 | 117.438 |
| Bias | Arithmetic mean of the errors | -0.0222 |
| MAD | Mean absolute deviation | 1.2098 |
| MAPE | Mean absolute percentage error | 0.0164 |
| SAE | Sum of the absolute errors | 72.59 |
Predictive Modules for Procore Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Procore Technologies. 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.Other Forecasting Options for Procore Technologies
For every potential investor in Procore, whether a beginner or expert, Procore Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Procore Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Procore. Basic forecasting techniques help filter out the noise by identifying Procore Technologies' price trends.Procore Technologies 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 Procore Technologies stock to make a market-neutral strategy. Peer analysis of Procore Technologies could also be used in its relative valuation, which is a method of valuing Procore Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Procore Technologies 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 Procore Technologies' 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 Procore Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Procore Technologies Market Strength Events
Market strength indicators help investors to evaluate how Procore Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Procore Technologies shares will generate the highest return on investment. By undertsting and applying Procore Technologies stock market strength indicators, traders can identify Procore Technologies entry and exit signals to maximize returns.
Procore Technologies Risk Indicators
The analysis of Procore Technologies' 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 Procore Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting procore 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 | 1.66 | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.92 |
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.
Pair Trading with Procore Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Procore Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Procore Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Procore Stock
The ability to find closely correlated positions to Procore Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Procore Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Procore Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Procore Technologies to buy it.
The correlation of Procore Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Procore Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Procore Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Procore Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Procore Stock Analysis
When running Procore Technologies' price analysis, check to measure Procore Technologies' 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 Procore Technologies is operating at the current time. Most of Procore Technologies' value examination focuses on studying past and present price action to predict the probability of Procore Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Procore Technologies' price. Additionally, you may evaluate how the addition of Procore Technologies to your portfolios can decrease your overall portfolio volatility.