Precipio Stock Forecast - Polynomial Regression
| PRPO Stock | USD 24.55 0.17 0.70% |
Precipio Stock outlook is based on your current time horizon. Although Precipio's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Precipio's systematic risk associated with finding meaningful patterns of Precipio fundamentals over time.
As of today, The relative strength index (RSI) of Precipio's share price is at 53 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 Precipio, making its price go up or down. Momentum 53
Impartial
Oversold | Overbought |
Wall Street Target Price 19 | Quarterly Revenue Growth 0.273 |
Using Precipio hype-based prediction, you can estimate the value of Precipio from the perspective of Precipio response to recently generated media hype and the effects of current headlines on its competitors.
Precipio Relative Strength Index
The Polynomial Regression forecasted value of Precipio on the next trading day is expected to be 24.63 with a mean absolute deviation of 0.94 and the sum of the absolute errors of 57.20.Precipio Hype to Price Pattern
Investor biases related to Precipio's public news can be used to forecast risks associated with an investment in Precipio. The trend in average sentiment can be used to explain how an investor holding Precipio can time the market purely based on public headlines and social activities around Precipio. 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 Precipio's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Precipio.
The Polynomial Regression forecasted value of Precipio on the next trading day is expected to be 24.63 with a mean absolute deviation of 0.94 and the sum of the absolute errors of 57.20. Precipio after-hype prediction price | USD 24.55 |
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 Precipio to cross-verify your projections. Precipio Additional Predictive Modules
Most predictive techniques to examine Precipio price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Precipio using various technical indicators. When you analyze Precipio 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 |
Precipio Polynomial Regression Price Forecast For the 28th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Precipio on the next trading day is expected to be 24.63 with a mean absolute deviation of 0.94, mean absolute percentage error of 1.46, and the sum of the absolute errors of 57.20.Please note that although there have been many attempts to predict Precipio 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 Precipio's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Precipio Stock Forecast Pattern
| Backtest Precipio | Precipio Price Prediction | Buy or Sell Advice |
Precipio Forecasted Value
In the context of forecasting Precipio'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. Precipio's downside and upside margins for the forecasting period are 20.55 and 28.71, respectively. We have considered Precipio'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Precipio stock data series using in forecasting. Note that when a statistical model is used to represent Precipio 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 | 118.4894 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.9377 |
| MAPE | Mean absolute percentage error | 0.0414 |
| SAE | Sum of the absolute errors | 57.2015 |
Predictive Modules for Precipio
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Precipio. 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.Precipio After-Hype Price Density Analysis
As far as predicting the price of Precipio 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 Precipio 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 Precipio, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Precipio Estimiated After-Hype Price Volatility
In the context of predicting Precipio's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Precipio's historical news coverage. Precipio's after-hype downside and upside margins for the prediction period are 20.50 and 28.60, respectively. We have considered Precipio'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
Precipio is somewhat reliable at this time. Analysis and calculation of next after-hype price of Precipio is based on 3 months time horizon.
Precipio Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Precipio is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Precipio 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 Precipio, 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 |
0.37 | 4.08 | 0.51 | 0.06 | 7 Events / Month | 6 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
24.55 | 24.55 | 0.00 |
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Precipio Hype Timeline
Precipio is at this time traded for 24.55. The entity has historical hype elasticity of -0.51, and average elasticity to hype of competition of -0.06. Precipio 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 over 100%. The immediate return on the next news is projected to be very small, whereas the daily expected return is at this time at 0.37%. %. The volatility of related hype on Precipio is about 2344.83%, with the expected price after the next announcement by competition of 24.49. About 13.0% of the company outstanding shares are owned by corporate insiders. The book value of Precipio was at this time reported as 8.1. The company recorded a loss per share of 1.19. Precipio last dividend was issued on the 29th of April 2019. The entity had 1:20 split on the 22nd of September 2023. Given the investment horizon of 90 days the next projected press release will be in about 7 days. Check out Historical Fundamental Analysis of Precipio to cross-verify your projections.Precipio Related Hype Analysis
Having access to credible news sources related to Precipio's direct competition is more important than ever and may enhance your ability to predict Precipio's future price movements. Getting to know how Precipio'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 Precipio may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| LDDD | Longduoduo Company Limited | 0.00 | 0 per month | 0.00 | (0.14) | 0.00 | 0.00 | 36.56 | |
| APUS | Apimeds Pharmaceuticals US | (0.28) | 8 per month | 8.83 | 0.02 | 15.05 | (20.79) | 53.45 | |
| MODD | Modular Medical | (0.01) | 9 per month | 0.00 | (0.03) | 10.42 | (8.11) | 45.40 | |
| RBOT | Vicarious Surgical | (0.56) | 11 per month | 0.00 | (0.18) | 11.90 | (9.09) | 36.01 | |
| PLUR | Pluri Inc | (0.56) | 3 per month | 0.00 | (0.05) | 9.30 | (6.23) | 31.25 | |
| MLSS | Milestone Scientific | (0.01) | 8 per month | 0.00 | (0.12) | 7.89 | (6.90) | 25.35 | |
| POCI | Precision Optics | 0.19 | 7 per month | 2.20 | 0.07 | 3.68 | (3.19) | 27.89 | |
| STRR | Star Equity Holdings | 0.03 | 2 per month | 0.00 | (0.06) | 3.21 | (4.79) | 12.75 | |
| ITRM | Iterum Therapeutics PLC | (0.56) | 3 per month | 0.00 | (0.17) | 9.38 | (8.82) | 28.58 | |
| INTS | Intensity Therapeutics Common | 0.02 | 6 per month | 8.56 | 0.09 | 12.20 | (14.04) | 433.59 |
Other Forecasting Options for Precipio
For every potential investor in Precipio, whether a beginner or expert, Precipio's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Precipio Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Precipio. Basic forecasting techniques help filter out the noise by identifying Precipio's price trends.Precipio 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 Precipio stock to make a market-neutral strategy. Peer analysis of Precipio could also be used in its relative valuation, which is a method of valuing Precipio by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Precipio Market Strength Events
Market strength indicators help investors to evaluate how Precipio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precipio shares will generate the highest return on investment. By undertsting and applying Precipio stock market strength indicators, traders can identify Precipio entry and exit signals to maximize returns.
Precipio Risk Indicators
The analysis of Precipio'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 Precipio's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting precipio 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 | 3.25 | |||
| Semi Deviation | 2.94 | |||
| Standard Deviation | 4.63 | |||
| Variance | 21.42 | |||
| Downside Variance | 10.84 | |||
| Semi Variance | 8.66 | |||
| Expected Short fall | (4.21) |
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 Precipio
The number of cover stories for Precipio depends on current market conditions and Precipio's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Precipio 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 Precipio'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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Precipio Short Properties
Precipio's future price predictability will typically decrease when Precipio's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Precipio often depends not only on the future outlook of the potential Precipio'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. Precipio's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.5 M | |
| Cash And Short Term Investments | 1.4 M |
Check out Historical Fundamental Analysis of Precipio to cross-verify your projections. To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Health Care Providers & Services 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 Precipio. If investors know Precipio 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 Precipio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.19) | Revenue Per Share | Quarterly Revenue Growth 0.273 | Return On Assets | Return On Equity |
The market value of Precipio is measured differently than its book value, which is the value of Precipio that is recorded on the company's balance sheet. Investors also form their own opinion of Precipio's value that differs from its market value or its book value, called intrinsic value, which is Precipio's 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 Precipio's market value can be influenced by many factors that don't directly affect Precipio's 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 Precipio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precipio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precipio's 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.