Prenetics Global Stock Forward View - Simple Regression
| PRE Stock | USD 19.10 1.38 6.74% |
Prenetics Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Prenetics Global stock prices and determine the direction of Prenetics Global's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of Prenetics Global's historical fundamentals, such as revenue growth or operating cash flow patterns.
The value of RSI of Prenetics Global's stock price is about 60 indicating that the stock is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Prenetics, making its price go up or down. Momentum 60
Buy Extended
Oversold | Overbought |
Using Prenetics Global hype-based prediction, you can estimate the value of Prenetics Global from the perspective of Prenetics Global response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Prenetics Global on the next trading day is expected to be 18.64 with a mean absolute deviation of 0.83 and the sum of the absolute errors of 50.66. Prenetics Global after-hype prediction price | USD 19.1 |
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.
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Prenetics Global Additional Predictive Modules
Most predictive techniques to examine Prenetics price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Prenetics using various technical indicators. When you analyze Prenetics 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 |
Prenetics Global Simple Regression Price Forecast For the 2nd of February
Given 90 days horizon, the Simple Regression forecasted value of Prenetics Global on the next trading day is expected to be 18.64 with a mean absolute deviation of 0.83, mean absolute percentage error of 1.02, and the sum of the absolute errors of 50.66.Please note that although there have been many attempts to predict Prenetics 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 Prenetics Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prenetics Global Stock Forecast Pattern
| Backtest Prenetics Global | Prenetics Global Price Prediction | Research Analysis |
Prenetics Global Forecasted Value
In the context of forecasting Prenetics Global'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. Prenetics Global's downside and upside margins for the forecasting period are 13.66 and 23.61, respectively. We have considered Prenetics Global'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Prenetics Global stock data series using in forecasting. Note that when a statistical model is used to represent Prenetics Global 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 | 118.1331 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.8305 |
| MAPE | Mean absolute percentage error | 0.0533 |
| SAE | Sum of the absolute errors | 50.6633 |
Predictive Modules for Prenetics Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prenetics Global. 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.Prenetics Global After-Hype Price Density Analysis
As far as predicting the price of Prenetics Global 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 Prenetics Global 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 Prenetics Global, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Prenetics Global Estimiated After-Hype Price Volatility
In the context of predicting Prenetics Global's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Prenetics Global's historical news coverage. Prenetics Global's after-hype downside and upside margins for the prediction period are 14.13 and 24.07, respectively. We have considered Prenetics Global's 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
Prenetics Global is somewhat reliable at this time. Analysis and calculation of next after-hype price of Prenetics Global is based on 3 months time horizon.
Prenetics Global Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Prenetics Global is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Prenetics Global 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 Prenetics Global, 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 |
0.67 | 4.97 | 0.00 | 0.02 | 0 Events / Month | 3 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
19.10 | 19.10 | 0.00 |
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Prenetics Global Hype Timeline
On the 1st of February Prenetics Global is traded for 19.10. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.02. Prenetics is projected 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 projected to be very small, whereas the daily expected return is at this time at 0.67%. %. The volatility of related hype on Prenetics Global is about 19115.38%, with the expected price after the next announcement by competition of 19.12. About 18.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.99. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Prenetics Global has Price/Earnings (P/E) ratio of 144.87. The entity recorded a loss per share of 3.59. The firm last dividend was issued on the February 17, 2016. Prenetics Global had 1:15 split on the 14th of November 2023. Considering the 90-day investment horizon the next projected press release will be within a week. Check out Historical Fundamental Analysis of Prenetics Global to cross-verify your projections. For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.Prenetics Global Related Hype Analysis
Having access to credible news sources related to Prenetics Global's direct competition is more important than ever and may enhance your ability to predict Prenetics Global's future price movements. Getting to know how Prenetics Global's 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 Prenetics Global may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| STIM | Neuronetics | 0.00 | 0 per month | 0.00 | (0.04) | 10.55 | (9.09) | 28.95 | |
| ATLN | Atlantic International Corp | 0.00 | 0 per month | 6.96 | 0.08 | 20.00 | (13.66) | 60.25 | |
| MXCT | MaxCyte | 0.00 | 0 per month | 0.00 | (0.23) | 4.91 | (7.14) | 15.87 | |
| TLSI | TriSalus Life Sciences | 0.00 | 0 per month | 4.25 | 0.03 | 8.30 | (7.86) | 25.94 | |
| PROF | Profound Medical Corp | 0.00 | 0 per month | 2.66 | 0.11 | 7.37 | (3.80) | 19.12 | |
| OSUR | OraSure Technologies | 0.00 | 0 per month | 3.00 | 0.02 | 5.98 | (3.75) | 13.27 | |
| IMDX | Insight Molecular Diagnostics | 0.31 | 8 per month | 4.55 | 0.02 | 9.03 | (6.67) | 22.08 | |
| ARMP | Armata Pharmaceuticals | (0.03) | 8 per month | 6.31 | 0.08 | 14.07 | (9.16) | 38.51 | |
| SGMO | Sangamo Therapeutics | (0.01) | 8 per month | 0.00 | (0.01) | 8.51 | (6.98) | 21.63 | |
| CDXS | Codexis | (0.01) | 8 per month | 0.00 | (0.22) | 5.66 | (8.20) | 22.77 |
Other Forecasting Options for Prenetics Global
For every potential investor in Prenetics, whether a beginner or expert, Prenetics Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prenetics Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prenetics. Basic forecasting techniques help filter out the noise by identifying Prenetics Global's price trends.Prenetics Global 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 Prenetics Global stock to make a market-neutral strategy. Peer analysis of Prenetics Global could also be used in its relative valuation, which is a method of valuing Prenetics Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Prenetics Global Market Strength Events
Market strength indicators help investors to evaluate how Prenetics Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prenetics Global shares will generate the highest return on investment. By undertsting and applying Prenetics Global stock market strength indicators, traders can identify Prenetics Global entry and exit signals to maximize returns.
Prenetics Global Risk Indicators
The analysis of Prenetics Global'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 Prenetics Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prenetics 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 | 3.73 | |||
| Semi Deviation | 3.67 | |||
| Standard Deviation | 4.97 | |||
| Variance | 24.72 | |||
| Downside Variance | 18.46 | |||
| Semi Variance | 13.44 | |||
| Expected Short fall | (4.22) |
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 Prenetics Global
The number of cover stories for Prenetics Global depends on current market conditions and Prenetics Global's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Prenetics Global 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 Prenetics Global's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Prenetics Global Short Properties
Prenetics Global's future price predictability will typically decrease when Prenetics Global's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Prenetics Global often depends not only on the future outlook of the potential Prenetics Global's 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. Prenetics Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.7 M | |
| Cash And Short Term Investments | 62.8 M |
Check out Historical Fundamental Analysis of Prenetics Global to cross-verify your projections. For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Will Stock sector continue expanding? Could Prenetics diversify its offerings? Factors like these will boost the valuation of Prenetics Global. Anticipated expansion of Prenetics directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Prenetics Global data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Understanding Prenetics Global requires distinguishing between market price and book value, where the latter reflects Prenetics's accounting equity. The concept of intrinsic value—what Prenetics Global's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Prenetics Global's price substantially above or below its fundamental value.
It's important to distinguish between Prenetics Global's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Prenetics Global should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Prenetics Global's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.