Prelude Therapeutics Stock Forecast - Simple Regression
| PRLD Stock | USD 1.81 0.34 15.81% |
The Simple Regression forecasted value of Prelude Therapeutics on the next trading day is expected to be 2.41 with a mean absolute deviation of 0.29 and the sum of the absolute errors of 17.96. Prelude Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Prelude Therapeutics stock prices and determine the direction of Prelude Therapeutics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Prelude Therapeutics' historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the rsi of Prelude Therapeutics' share price is below 20 indicating that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Prelude Therapeutics hype-based prediction, you can estimate the value of Prelude Therapeutics from the perspective of Prelude Therapeutics response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Prelude Therapeutics on the next trading day is expected to be 2.41 with a mean absolute deviation of 0.29 and the sum of the absolute errors of 17.96. Prelude Therapeutics after-hype prediction price | USD 1.92 |
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 Prelude Therapeutics to cross-verify your projections. Prelude Therapeutics Additional Predictive Modules
Most predictive techniques to examine Prelude price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Prelude using various technical indicators. When you analyze Prelude 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 |
Prelude Therapeutics Simple Regression Price Forecast For the 20th of January
Given 90 days horizon, the Simple Regression forecasted value of Prelude Therapeutics on the next trading day is expected to be 2.41 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.20, and the sum of the absolute errors of 17.96.Please note that although there have been many attempts to predict Prelude 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 Prelude Therapeutics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prelude Therapeutics Stock Forecast Pattern
| Backtest Prelude Therapeutics | Prelude Therapeutics Price Prediction | Buy or Sell Advice |
Prelude Therapeutics Forecasted Value
In the context of forecasting Prelude Therapeutics' 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. Prelude Therapeutics' downside and upside margins for the forecasting period are 0.02 and 24.23, respectively. We have considered Prelude Therapeutics' 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 Prelude Therapeutics stock data series using in forecasting. Note that when a statistical model is used to represent Prelude Therapeutics 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 | 116.4897 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2945 |
| MAPE | Mean absolute percentage error | 0.15 |
| SAE | Sum of the absolute errors | 17.9636 |
Predictive Modules for Prelude Therapeutics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prelude Therapeutics. 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 Prelude Therapeutics
For every potential investor in Prelude, whether a beginner or expert, Prelude Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prelude Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prelude. Basic forecasting techniques help filter out the noise by identifying Prelude Therapeutics' price trends.Prelude Therapeutics 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 Prelude Therapeutics stock to make a market-neutral strategy. Peer analysis of Prelude Therapeutics could also be used in its relative valuation, which is a method of valuing Prelude Therapeutics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Prelude Therapeutics 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 Prelude Therapeutics' 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 Prelude Therapeutics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Prelude Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how Prelude Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prelude Therapeutics shares will generate the highest return on investment. By undertsting and applying Prelude Therapeutics stock market strength indicators, traders can identify Prelude Therapeutics entry and exit signals to maximize returns.
Prelude Therapeutics Risk Indicators
The analysis of Prelude Therapeutics' 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 Prelude Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prelude 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 | 9.3 | |||
| Semi Deviation | 11.87 | |||
| Standard Deviation | 21.82 | |||
| Variance | 476.17 | |||
| Downside Variance | 197.2 | |||
| Semi Variance | 140.82 | |||
| Expected Short fall | (10.85) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Prelude Therapeutics is a strong investment it is important to analyze Prelude Therapeutics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Prelude Therapeutics' future performance. For an informed investment choice regarding Prelude Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Prelude Therapeutics to cross-verify your projections. For information on how to trade Prelude Stock refer to our How to Trade Prelude Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Biotechnology 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 Prelude Therapeutics. If investors know Prelude 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 Prelude Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Prelude Therapeutics is measured differently than its book value, which is the value of Prelude that is recorded on the company's balance sheet. Investors also form their own opinion of Prelude Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Prelude Therapeutics' 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 Prelude Therapeutics' market value can be influenced by many factors that don't directly affect Prelude Therapeutics' 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 Prelude Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prelude Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prelude Therapeutics' 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.