Shimmick Common Stock Forecast - Simple Regression
| SHIM Stock | 3.59 0.25 6.51% |
The Simple Regression forecasted value of Shimmick Common on the next trading day is expected to be 3.62 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.17. Shimmick Stock Forecast is based on your current time horizon. Although Shimmick Common's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Shimmick Common's systematic risk associated with finding meaningful patterns of Shimmick Common fundamentals over time.
As of now the relative strength momentum indicator of Shimmick Common's share price is below 20 . This usually implies 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 |
EPS Estimate Next Quarter (0.01) | EPS Estimate Current Year (0.40) | EPS Estimate Next Year 0.08 | Wall Street Target Price 4.5 | EPS Estimate Current Quarter (0.04) |
Using Shimmick Common hype-based prediction, you can estimate the value of Shimmick Common from the perspective of Shimmick Common response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Shimmick Common on the next trading day is expected to be 3.62 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.17. Shimmick Common after-hype prediction price | USD 4.11 |
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 Shimmick Common to cross-verify your projections. Shimmick Common Additional Predictive Modules
Most predictive techniques to examine Shimmick price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Shimmick using various technical indicators. When you analyze Shimmick 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 |
Shimmick Common Simple Regression Price Forecast For the 24th of January
Given 90 days horizon, the Simple Regression forecasted value of Shimmick Common on the next trading day is expected to be 3.62 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.05, and the sum of the absolute errors of 11.17.Please note that although there have been many attempts to predict Shimmick 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 Shimmick Common's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Shimmick Common Stock Forecast Pattern
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Shimmick Common Forecasted Value
In the context of forecasting Shimmick Common'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. Shimmick Common's downside and upside margins for the forecasting period are 0.04 and 9.19, respectively. We have considered Shimmick Common'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 Regression forecasting method's relative quality and the estimations of the prediction error of Shimmick Common stock data series using in forecasting. Note that when a statistical model is used to represent Shimmick Common 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 | 115.0443 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1832 |
| MAPE | Mean absolute percentage error | 0.0686 |
| SAE | Sum of the absolute errors | 11.1731 |
Predictive Modules for Shimmick Common
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shimmick Common. 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.Shimmick Common After-Hype Price Prediction Density Analysis
As far as predicting the price of Shimmick Common 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 Shimmick Common 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 Shimmick Common, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Shimmick Common Estimiated After-Hype Price Volatility
In the context of predicting Shimmick Common's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Shimmick Common's historical news coverage. Shimmick Common's after-hype downside and upside margins for the prediction period are 0.21 and 9.68, respectively. We have considered Shimmick Common'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
Shimmick Common is risky at this time. Analysis and calculation of next after-hype price of Shimmick Common is based on 3 months time horizon.
Shimmick Common Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Shimmick Common is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Shimmick Common 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 Shimmick Common, 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 |
1.02 | 5.57 | 0.27 | 0.06 | 6 Events / Month | 8 Events / Month | In about 6 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
3.59 | 4.11 | 7.03 |
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Shimmick Common Hype Timeline
Shimmick Common is at this time traded for 3.59. The entity has historical hype elasticity of 0.27, and average elasticity to hype of competition of -0.06. Shimmick is forecasted to increase in value after the next headline, with the price projected to jump to 4.11 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is projected to be 7.03%, whereas the daily expected return is at this time at 1.02%. The volatility of related hype on Shimmick Common is about 9946.43%, with the expected price after the next announcement by competition of 3.53. The company has Profit Margin (PM) of (0.12) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.02) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.02. Given the investment horizon of 90 days the next forecasted press release will be in about 6 days. Check out Historical Fundamental Analysis of Shimmick Common to cross-verify your projections.Shimmick Common Related Hype Analysis
Having access to credible news sources related to Shimmick Common's direct competition is more important than ever and may enhance your ability to predict Shimmick Common's future price movements. Getting to know how Shimmick Common'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 Shimmick Common may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| VATE | Innovate Corp | (0.06) | 38 per month | 3.36 | 0.07 | 7.34 | (6.37) | 25.66 | |
| JLHL | Julong Holding Limited | 0.19 | 3 per month | 7.28 | 0.06 | 9.17 | (11.95) | 32.35 | |
| TISI | Team Inc | 0.1 | 11 per month | 3.04 | (0.01) | 4.97 | (5.23) | 21.87 | |
| RYM | RYTHM Inc | (0.07) | 6 per month | 0.00 | (0.11) | 10.94 | (15.38) | 63.12 | |
| SFWL | Shengfeng Development Limited | (0.09) | 5 per month | 3.91 | (0) | 5.56 | (6.06) | 43.33 | |
| XCH | XCHG Limited American | (0.09) | 9 per month | 0.00 | (0.12) | 8.76 | (9.09) | 32.99 | |
| CBAT | CBAK Energy Technology | (0.01) | 6 per month | 0.00 | (0.18) | 3.13 | (3.37) | 7.92 | |
| NNBR | NN Inc | 0.01 | 10 per month | 0.00 | (0.03) | 6.29 | (5.22) | 21.64 | |
| DFLI | Chardan NexTech Acquisition | (0.58) | 7 per month | 0.00 | (0.15) | 13.98 | (17.43) | 58.61 | |
| FTEK | Fuel Tech | 0.04 | 9 per month | 0.00 | (0.26) | 6.45 | (6.13) | 19.15 |
Other Forecasting Options for Shimmick Common
For every potential investor in Shimmick, whether a beginner or expert, Shimmick Common's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shimmick Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shimmick. Basic forecasting techniques help filter out the noise by identifying Shimmick Common's price trends.Shimmick Common 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 Shimmick Common stock to make a market-neutral strategy. Peer analysis of Shimmick Common could also be used in its relative valuation, which is a method of valuing Shimmick Common by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shimmick Common Market Strength Events
Market strength indicators help investors to evaluate how Shimmick Common stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shimmick Common shares will generate the highest return on investment. By undertsting and applying Shimmick Common stock market strength indicators, traders can identify Shimmick Common entry and exit signals to maximize returns.
Shimmick Common Risk Indicators
The analysis of Shimmick Common'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 Shimmick Common's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shimmick 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 | 3.96 | |||
| Semi Deviation | 3.72 | |||
| Standard Deviation | 5.39 | |||
| Variance | 29.08 | |||
| Downside Variance | 16.08 | |||
| Semi Variance | 13.86 | |||
| Expected Short fall | (5.36) |
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 Shimmick Common
The number of cover stories for Shimmick Common depends on current market conditions and Shimmick Common's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Shimmick Common 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 Shimmick Common'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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Shimmick Common Short Properties
Shimmick Common's future price predictability will typically decrease when Shimmick Common's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Shimmick Common often depends not only on the future outlook of the potential Shimmick Common'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. Shimmick Common's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 30.4 M | |
| Cash And Short Term Investments | 33.7 M |
Check out Historical Fundamental Analysis of Shimmick Common to cross-verify your projections. To learn how to invest in Shimmick Stock, please use our How to Invest in Shimmick Common guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Construction & Engineering 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 Shimmick Common. If investors know Shimmick 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 Shimmick Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.79) | Revenue Per Share | Quarterly Revenue Growth (0.14) | Return On Assets | Return On Equity |
The market value of Shimmick Common is measured differently than its book value, which is the value of Shimmick that is recorded on the company's balance sheet. Investors also form their own opinion of Shimmick Common's value that differs from its market value or its book value, called intrinsic value, which is Shimmick Common'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 Shimmick Common's market value can be influenced by many factors that don't directly affect Shimmick Common'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 Shimmick Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shimmick Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shimmick Common'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.