PetMed Express Stock Forward View - Simple Moving Average
| PETS Stock | USD 3.13 0.06 1.95% |
PetMed Stock outlook is based on your current time horizon.
At this time, the value of RSI of PetMed Express' share price is approaching 49 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 PetMed Express, making its price go up or down. Momentum 49
Impartial
Oversold | Overbought |
Using PetMed Express hype-based prediction, you can estimate the value of PetMed Express from the perspective of PetMed Express response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of PetMed Express on the next trading day is expected to be 3.10 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 9.04. PetMed Express after-hype prediction price | USD 3.13 |
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 PetMed Express to cross-verify your projections. PetMed Express Additional Predictive Modules
Most predictive techniques to examine PetMed price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for PetMed using various technical indicators. When you analyze PetMed 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 |
PetMed Express Simple Moving Average Price Forecast For the 4th of February
Given 90 days horizon, the Simple Moving Average forecasted value of PetMed Express on the next trading day is expected to be 3.10 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.08, and the sum of the absolute errors of 9.04.Please note that although there have been many attempts to predict PetMed Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that PetMed Express' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
PetMed Express Stock Forecast Pattern
| Backtest PetMed Express | PetMed Express Price Prediction | Research Analysis |
PetMed Express Forecasted Value
In the context of forecasting PetMed Express' 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. PetMed Express' downside and upside margins for the forecasting period are 0.03 and 14.43, respectively. We have considered PetMed Express' 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 Moving Average forecasting method's relative quality and the estimations of the prediction error of PetMed Express stock data series using in forecasting. Note that when a statistical model is used to represent PetMed Express 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 | 111.8728 |
| Bias | Arithmetic mean of the errors | -0.0163 |
| MAD | Mean absolute deviation | 0.1532 |
| MAPE | Mean absolute percentage error | 0.0571 |
| SAE | Sum of the absolute errors | 9.04 |
Predictive Modules for PetMed Express
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PetMed Express. 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 PetMed Express' 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.
PetMed Express After-Hype Price Density Analysis
As far as predicting the price of PetMed Express 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 PetMed Express 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 PetMed Express, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
PetMed Express Estimiated After-Hype Price Volatility
In the context of predicting PetMed Express' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on PetMed Express' historical news coverage. PetMed Express' after-hype downside and upside margins for the prediction period are 0.16 and 14.46, respectively. We have considered PetMed Express' 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 compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
PetMed Express is dangerous at this time. Analysis and calculation of next after-hype price of PetMed Express is based on 3 months time horizon.
PetMed Express Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as PetMed Express is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading PetMed Express 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 PetMed Express, 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 |
0.89 | 11.33 | 0.00 | 0.10 | 0 Events / Month | 1 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
3.13 | 3.13 | 0.00 |
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PetMed Express Hype Timeline
PetMed Express is at this time traded for 3.13. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.1. PetMed is anticipated 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 anticipated to be very small, whereas the daily expected return is at this time at 0.89%. %. The volatility of related hype on PetMed Express is about 9852.17%, with the expected price after the next announcement by competition of 3.23. About 31.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.58. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. PetMed Express has Price/Earnings To Growth (PEG) ratio of 2.58. The entity recorded a loss per share of 2.55. The firm last dividend was issued on the 11th of August 2023. PetMed Express had 959692:319897 split on the 4th of March 1999. Given the investment horizon of 90 days the next anticipated press release will be within a week. Check out Historical Fundamental Analysis of PetMed Express to cross-verify your projections.PetMed Express Related Hype Analysis
Having access to credible news sources related to PetMed Express' direct competition is more important than ever and may enhance your ability to predict PetMed Express' future price movements. Getting to know how PetMed Express' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how PetMed Express may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CTSO | Cytosorbents Crp | 0.00 | 0 per month | 4.19 | (0.01) | 7.94 | (7.41) | 29.40 | |
| ICCM | Icecure Medical | 0.00 | 0 per month | 0.00 | (0.08) | 4.35 | (5.63) | 14.09 | |
| TELA | Tela Bio | 0.00 | 0 per month | 0.00 | (0.12) | 5.36 | (8.42) | 22.82 | |
| RNTX | Rein Therapeutics | 0.07 | 9 per month | 0.00 | (0.03) | 10.74 | (8.06) | 30.32 | |
| MDAI | Spectral AI | 0.00 | 0 per month | 0.00 | (0.04) | 6.29 | (6.87) | 15.64 | |
| GNTA | Genenta Science SpA | 0.00 | 0 per month | 0.00 | (0.26) | 5.95 | (12.34) | 33.85 | |
| BDSX | Biodesix | 1.08 | 8 per month | 5.40 | 0.12 | 19.87 | (9.42) | 62.04 | |
| FBIO | Fortress Biotech | 0.00 | 0 per month | 4.26 | 0.09 | 6.63 | (6.45) | 29.21 | |
| YI | 111 Inc | 0.00 | 0 per month | 4.20 | 0.12 | 15.20 | (8.04) | 47.07 | |
| MDCX | Medicus Pharma Ltd | 0.00 | 0 per month | 0.00 | (0.20) | 6.77 | (8.93) | 21.20 |
Other Forecasting Options for PetMed Express
For every potential investor in PetMed, whether a beginner or expert, PetMed Express' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PetMed Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PetMed. Basic forecasting techniques help filter out the noise by identifying PetMed Express' price trends.PetMed Express 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 PetMed Express stock to make a market-neutral strategy. Peer analysis of PetMed Express could also be used in its relative valuation, which is a method of valuing PetMed Express by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PetMed Express Market Strength Events
Market strength indicators help investors to evaluate how PetMed Express stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PetMed Express shares will generate the highest return on investment. By undertsting and applying PetMed Express stock market strength indicators, traders can identify PetMed Express entry and exit signals to maximize returns.
PetMed Express Risk Indicators
The analysis of PetMed Express' 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 PetMed Express' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting petmed 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 | 5.08 | |||
| Semi Deviation | 5.9 | |||
| Standard Deviation | 11.33 | |||
| Variance | 128.46 | |||
| Downside Variance | 39.73 | |||
| Semi Variance | 34.76 | |||
| Expected Short fall | (7.92) |
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.
Story Coverage note for PetMed Express
The number of cover stories for PetMed Express depends on current market conditions and PetMed Express' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that PetMed Express 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 PetMed Express' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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PetMed Express Short Properties
PetMed Express' future price predictability will typically decrease when PetMed Express' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of PetMed Express often depends not only on the future outlook of the potential PetMed Express' 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. PetMed Express' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20.4 M | |
| Cash And Short Term Investments | 55.3 M |
Additional Tools for PetMed Stock Analysis
When running PetMed Express' price analysis, check to measure PetMed Express' 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 PetMed Express is operating at the current time. Most of PetMed Express' value examination focuses on studying past and present price action to predict the probability of PetMed Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PetMed Express' price. Additionally, you may evaluate how the addition of PetMed Express to your portfolios can decrease your overall portfolio volatility.