Rigetti Computing Stock Forecast - Naive Prediction
| RGTIW Stock | USD 13.66 1.16 9.28% |
The Naive Prediction forecasted value of Rigetti Computing Warrants on the next trading day is expected to be 16.52 with a mean absolute deviation of 1.81 and the sum of the absolute errors of 110.54. Rigetti Stock Forecast is based on your current time horizon.
At this time, the relative strength index (RSI) of Rigetti Computing's share price is approaching 44 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 Rigetti Computing, making its price go up or down. Momentum 44
Sell Extended
Oversold | Overbought |
Quarterly Revenue Growth (0.18) |
Using Rigetti Computing hype-based prediction, you can estimate the value of Rigetti Computing Warrants from the perspective of Rigetti Computing response to recently generated media hype and the effects of current headlines on its competitors.
Rigetti Computing Hype to Price Pattern
Investor biases related to Rigetti Computing's public news can be used to forecast risks associated with an investment in Rigetti. The trend in average sentiment can be used to explain how an investor holding Rigetti can time the market purely based on public headlines and social activities around Rigetti Computing Warrants. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
The Naive Prediction forecasted value of Rigetti Computing Warrants on the next trading day is expected to be 16.52 with a mean absolute deviation of 1.81 and the sum of the absolute errors of 110.54.
Rigetti Computing after-hype prediction price | USD 13.66 |
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 Rigetti Computing to cross-verify your projections. Rigetti Computing Additional Predictive Modules
Most predictive techniques to examine Rigetti price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Rigetti using various technical indicators. When you analyze Rigetti 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 | ||
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Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Rigetti Computing's financial statements to predict how it will affect future prices.
Cash | First Reported 2020-12-31 | Previous Quarter 57.2 M | Current Value 26.1 M | Quarterly Volatility 50.2 M |
Rigetti Computing Naive Prediction Price Forecast For the 23rd of January
Given 90 days horizon, the Naive Prediction forecasted value of Rigetti Computing Warrants on the next trading day is expected to be 16.52 with a mean absolute deviation of 1.81, mean absolute percentage error of 4.90, and the sum of the absolute errors of 110.54.Please note that although there have been many attempts to predict Rigetti 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 Rigetti Computing's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Rigetti Computing Stock Forecast Pattern
| Backtest Rigetti Computing | Rigetti Computing Price Prediction | Buy or Sell Advice |
Rigetti Computing Forecasted Value
In the context of forecasting Rigetti Computing'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. Rigetti Computing's downside and upside margins for the forecasting period are 6.25 and 26.80, respectively. We have considered Rigetti Computing'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Rigetti Computing stock data series using in forecasting. Note that when a statistical model is used to represent Rigetti Computing 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 | 119.6993 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.8122 |
| MAPE | Mean absolute percentage error | 0.1174 |
| SAE | Sum of the absolute errors | 110.544 |
Predictive Modules for Rigetti Computing
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rigetti Computing. 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.Rigetti Computing After-Hype Price Prediction Density Analysis
As far as predicting the price of Rigetti Computing 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 Rigetti Computing 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 Rigetti Computing, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Rigetti Computing Estimiated After-Hype Price Volatility
In the context of predicting Rigetti Computing's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Rigetti Computing's historical news coverage. Rigetti Computing's after-hype downside and upside margins for the prediction period are 3.39 and 23.93, respectively. We have considered Rigetti Computing'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
Rigetti Computing is moderately volatile at this time. Analysis and calculation of next after-hype price of Rigetti Computing is based on 3 months time horizon.
Rigetti Computing Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Rigetti Computing is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Rigetti Computing 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 Rigetti Computing, 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 |
0.62 | 10.27 | 0.58 | 0.21 | 9 Events / Month | 5 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
13.66 | 13.66 | 0.00 |
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Rigetti Computing Hype Timeline
Rigetti Computing is at this time traded for 13.66. The entity has historical hype elasticity of 0.58, and average elasticity to hype of competition of 0.21. Rigetti is forecasted 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 forecasted to be very small, whereas the daily expected return is at this time at -0.62%. %. The volatility of related hype on Rigetti Computing is about 3100.38%, with the expected price after the next announcement by competition of 13.87. The company recorded a loss per share of 1.9. Rigetti Computing had not issued any dividends in recent years. Assuming the 90 days horizon the next forecasted press release will be in about 9 days. Check out Historical Fundamental Analysis of Rigetti Computing to cross-verify your projections.Rigetti Computing Related Hype Analysis
Having access to credible news sources related to Rigetti Computing's direct competition is more important than ever and may enhance your ability to predict Rigetti Computing's future price movements. Getting to know how Rigetti Computing'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 Rigetti Computing may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| NTAP | NetApp Inc | 1.54 | 10 per month | 0.00 | (0.18) | 2.31 | (2.89) | 13.30 | |
| IONQ | IONQ Inc | 1.13 | 5 per month | 0.00 | (0.06) | 7.81 | (8.60) | 21.44 | |
| HPQ | HP Inc | (0.14) | 10 per month | 0.00 | (0.27) | 2.73 | (3.97) | 10.78 | |
| QBTS | D Wave Quantum | 0.76 | 11 per month | 0.00 | (0.07) | 13.23 | (10.71) | 29.56 | |
| LOGI | Logitech International SA | (0.17) | 7 per month | 0.00 | (0.17) | 2.58 | (4.49) | 10.55 | |
| VRSN | VeriSign | 5.37 | 11 per month | 0.00 | (0.12) | 1.99 | (2.77) | 6.25 | |
| FIG | Figma Inc | (1.82) | 18 per month | 0.00 | (0.36) | 3.95 | (6.42) | 14.53 | |
| ASTS | Ast Spacemobile | (4.02) | 8 per month | 6.14 | 0.09 | 14.34 | (11.34) | 30.31 |
Other Forecasting Options for Rigetti Computing
For every potential investor in Rigetti, whether a beginner or expert, Rigetti Computing's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Rigetti Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Rigetti. Basic forecasting techniques help filter out the noise by identifying Rigetti Computing's price trends.Rigetti Computing 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 Rigetti Computing stock to make a market-neutral strategy. Peer analysis of Rigetti Computing could also be used in its relative valuation, which is a method of valuing Rigetti Computing by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Rigetti Computing Market Strength Events
Market strength indicators help investors to evaluate how Rigetti Computing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rigetti Computing shares will generate the highest return on investment. By undertsting and applying Rigetti Computing stock market strength indicators, traders can identify Rigetti Computing Warrants entry and exit signals to maximize returns.
Rigetti Computing Risk Indicators
The analysis of Rigetti Computing'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 Rigetti Computing's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rigetti 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 | 8.03 | |||
| Standard Deviation | 10.31 | |||
| Variance | 106.22 |
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 Rigetti Computing
The number of cover stories for Rigetti Computing depends on current market conditions and Rigetti Computing's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Rigetti Computing 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 Rigetti Computing'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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Rigetti Computing Short Properties
Rigetti Computing's future price predictability will typically decrease when Rigetti Computing's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Rigetti Computing Warrants often depends not only on the future outlook of the potential Rigetti Computing'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. Rigetti Computing's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 184.7 M | |
| Cash And Short Term Investments | 192.1 M |
Additional Tools for Rigetti Stock Analysis
When running Rigetti Computing's price analysis, check to measure Rigetti Computing'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 Rigetti Computing is operating at the current time. Most of Rigetti Computing's value examination focuses on studying past and present price action to predict the probability of Rigetti Computing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rigetti Computing's price. Additionally, you may evaluate how the addition of Rigetti Computing to your portfolios can decrease your overall portfolio volatility.