Promimic Stock Forecast - Simple Moving Average
| PRO Stock | 15.00 0.90 6.38% |
Promimic Stock outlook is based on your current time horizon.
At this time, The value of RSI of Promimic's share price is at 50 indicating that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Promimic, making its price go up or down. Momentum 50
Impartial
Oversold | Overbought |
Using Promimic hype-based prediction, you can estimate the value of Promimic AB from the perspective of Promimic response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Promimic AB on the next trading day is expected to be 15.00 with a mean absolute deviation of 0.79 and the sum of the absolute errors of 47.20. Promimic after-hype prediction price | SEK 15.0 |
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.
Promimic |
Promimic Additional Predictive Modules
Most predictive techniques to examine Promimic price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Promimic using various technical indicators. When you analyze Promimic 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 |
Promimic Simple Moving Average Price Forecast For the 29th of January
Given 90 days horizon, the Simple Moving Average forecasted value of Promimic AB on the next trading day is expected to be 15.00 with a mean absolute deviation of 0.79, mean absolute percentage error of 1.12, and the sum of the absolute errors of 47.20.Please note that although there have been many attempts to predict Promimic 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 Promimic's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Promimic Stock Forecast Pattern
| Backtest Promimic | Promimic Price Prediction | Buy or Sell Advice |
Promimic Forecasted Value
In the context of forecasting Promimic'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. Promimic's downside and upside margins for the forecasting period are 7.76 and 22.24, respectively. We have considered Promimic'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Promimic stock data series using in forecasting. Note that when a statistical model is used to represent Promimic 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 | 116.3876 |
| Bias | Arithmetic mean of the errors | -0.0475 |
| MAD | Mean absolute deviation | 0.7867 |
| MAPE | Mean absolute percentage error | 0.0524 |
| SAE | Sum of the absolute errors | 47.2 |
Predictive Modules for Promimic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Promimic AB. 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.Promimic After-Hype Price Density Analysis
As far as predicting the price of Promimic 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 Promimic 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 Promimic, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Promimic Estimiated After-Hype Price Volatility
In the context of predicting Promimic's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Promimic's historical news coverage. Promimic's after-hype downside and upside margins for the prediction period are 7.76 and 22.24, respectively. We have considered Promimic'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Promimic is slightly risky at this time. Analysis and calculation of next after-hype price of Promimic AB is based on 3 months time horizon.
Promimic Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Promimic is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Promimic 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 Promimic, 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 |
0.22 | 7.24 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
15.00 | 15.00 | 0.00 |
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Promimic Hype Timeline
Promimic AB is at this time traded for 15.00on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Promimic is estimated 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 estimated to be very small, whereas the daily expected return is at this time at 0.22%. %. The volatility of related hype on Promimic is about 0.0%, with the expected price after the next announcement by competition of 15.00. About 88.0% of the company outstanding shares are owned by corporate insiders. The book value of Promimic was at this time reported as 4.61. The company had not issued any dividends in recent years. Assuming the 90 days trading horizon the next estimated press release will be within a week. Check out Historical Fundamental Analysis of Promimic to cross-verify your projections.Promimic Related Hype Analysis
Having access to credible news sources related to Promimic's direct competition is more important than ever and may enhance your ability to predict Promimic's future price movements. Getting to know how Promimic'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 Promimic may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| BOUL | Boule Diagnostics AB | 0.00 | 0 per month | 3.75 | 0.03 | 7.35 | (6.38) | 16.59 | |
| MNTC | Mentice AB | 0.00 | 0 per month | 2.62 | 0.14 | 7.09 | (4.90) | 22.77 | |
| ACARIX | Acarix AS | 0.00 | 0 per month | 0.00 | (0.09) | 6.25 | (3.85) | 14.55 | |
| NOSA | Nosa Med AB | 0.00 | 0 per month | 0.00 | (0.07) | 8.16 | (8.20) | 27.80 | |
| CLS-B | Clinical Laserthermia Systems | 0.00 | 0 per month | 4.10 | 0.01 | 7.51 | (5.73) | 24.08 | |
| PTRK | Physitrack PLC | 0.00 | 0 per month | 0.00 | (0.24) | 4.84 | (4.03) | 17.07 | |
| ALZCUR | AlzeCure Pharma | 0.00 | 0 per month | 0.00 | (0.04) | 9.55 | (6.38) | 21.85 | |
| NANEXA | Nanexa AB | 0.00 | 0 per month | 3.97 | 0.16 | 12.21 | (9.50) | 50.81 | |
| INTEG-B | Integrum AB Series | 0.00 | 0 per month | 2.11 | 0.08 | 6.80 | (3.74) | 17.01 | |
| ELIC | Elicera Therapeutics AB | 0.00 | 0 per month | 0.00 | (0.05) | 5.36 | (4.31) | 27.84 |
Other Forecasting Options for Promimic
For every potential investor in Promimic, whether a beginner or expert, Promimic's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Promimic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Promimic. Basic forecasting techniques help filter out the noise by identifying Promimic's price trends.Promimic 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 Promimic stock to make a market-neutral strategy. Peer analysis of Promimic could also be used in its relative valuation, which is a method of valuing Promimic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Promimic Market Strength Events
Market strength indicators help investors to evaluate how Promimic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Promimic shares will generate the highest return on investment. By undertsting and applying Promimic stock market strength indicators, traders can identify Promimic AB entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 15.0 | |||
| Day Typical Price | 15.0 | |||
| Price Action Indicator | 0.45 | |||
| Period Momentum Indicator | 0.9 | |||
| Relative Strength Index | 50.39 |
Promimic Risk Indicators
The analysis of Promimic'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 Promimic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting promimic 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 | 4.76 | |||
| Semi Deviation | 4.83 | |||
| Standard Deviation | 7.02 | |||
| Variance | 49.33 | |||
| Downside Variance | 30.31 | |||
| Semi Variance | 23.35 | |||
| Expected Short fall | (6.59) |
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 Promimic
The number of cover stories for Promimic depends on current market conditions and Promimic's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Promimic 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 Promimic'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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Additional Tools for Promimic Stock Analysis
When running Promimic's price analysis, check to measure Promimic's 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 Promimic is operating at the current time. Most of Promimic's value examination focuses on studying past and present price action to predict the probability of Promimic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Promimic's price. Additionally, you may evaluate how the addition of Promimic to your portfolios can decrease your overall portfolio volatility.