Rush Street Stock Forecast - 20 Period Moving Average
| RSI Stock | USD 13.80 0.48 3.60% |
The 20 Period Moving Average forecasted value of Rush Street Interactive on the next trading day is expected to be 11.52 with a mean absolute deviation of 0.56 and the sum of the absolute errors of 22.80. Rush Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Rush Street's historical fundamentals, such as revenue growth or operating cash flow patterns.
Rush |
Rush Street 20 Period Moving Average Price Forecast For the 26th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Rush Street Interactive on the next trading day is expected to be 11.52 with a mean absolute deviation of 0.56, mean absolute percentage error of 0.66, and the sum of the absolute errors of 22.80.Please note that although there have been many attempts to predict Rush 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 Rush Street's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Rush Street Stock Forecast Pattern
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Rush Street Forecasted Value
In the context of forecasting Rush Street'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. Rush Street's downside and upside margins for the forecasting period are 8.64 and 14.39, respectively. We have considered Rush Street'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Rush Street stock data series using in forecasting. Note that when a statistical model is used to represent Rush Street 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 | 80.9409 |
| Bias | Arithmetic mean of the errors | -0.4389 |
| MAD | Mean absolute deviation | 0.5561 |
| MAPE | Mean absolute percentage error | 0.0472 |
| SAE | Sum of the absolute errors | 22.802 |
Predictive Modules for Rush Street
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rush Street Interactive. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rush Street's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Rush Street
For every potential investor in Rush, whether a beginner or expert, Rush Street's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Rush Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Rush. Basic forecasting techniques help filter out the noise by identifying Rush Street's price trends.Rush Street 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 Rush Street stock to make a market-neutral strategy. Peer analysis of Rush Street could also be used in its relative valuation, which is a method of valuing Rush Street by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Rush Street Interactive 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 Rush Street's 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 Rush Street's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Rush Street Market Strength Events
Market strength indicators help investors to evaluate how Rush Street stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rush Street shares will generate the highest return on investment. By undertsting and applying Rush Street stock market strength indicators, traders can identify Rush Street Interactive entry and exit signals to maximize returns.
Rush Street Risk Indicators
The analysis of Rush Street'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 Rush Street's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rush 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 | 2.12 | |||
| Semi Deviation | 2.18 | |||
| Standard Deviation | 2.87 | |||
| Variance | 8.22 | |||
| Downside Variance | 6.4 | |||
| Semi Variance | 4.75 | |||
| Expected Short fall | (2.51) |
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.
Currently Active Assets on Macroaxis
When determining whether Rush Street Interactive offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rush Street's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rush Street Interactive Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rush Street Interactive Stock:Check out Historical Fundamental Analysis of Rush Street to cross-verify your projections. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Hotels, Restaurants & Leisure 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 Rush Street. If investors know Rush 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 Rush Street listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 11.124 | Quarterly Revenue Growth 0.888 | Return On Assets 0.016 | Return On Equity (0.03) |
The market value of Rush Street Interactive is measured differently than its book value, which is the value of Rush that is recorded on the company's balance sheet. Investors also form their own opinion of Rush Street's value that differs from its market value or its book value, called intrinsic value, which is Rush Street'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 Rush Street's market value can be influenced by many factors that don't directly affect Rush Street'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 Rush Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rush Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rush Street'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.