Sitime Stock Forecast - Naive Prediction
| SITM Stock | USD 211.08 0.58 0.28% |
The Naive Prediction forecasted value of Sitime on the next trading day is expected to be 200.58 with a mean absolute deviation of 5.26 and the sum of the absolute errors of 320.73. Sitime Stock Forecast is based on your current time horizon. Although Sitime's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Sitime's systematic risk associated with finding meaningful patterns of Sitime fundamentals over time.
Sitime |
Sitime Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Sitime's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2018-12-31 | Previous Quarter 16.6 M | Current Value 8.5 M | Quarterly Volatility 188.4 M |
Sitime Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of Sitime on the next trading day is expected to be 200.58 with a mean absolute deviation of 5.26, mean absolute percentage error of 64.58, and the sum of the absolute errors of 320.73.Please note that although there have been many attempts to predict Sitime 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 Sitime's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sitime Stock Forecast Pattern
| Backtest Sitime | Sitime Price Prediction | Buy or Sell Advice |
Sitime Forecasted Value
In the context of forecasting Sitime'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. Sitime's downside and upside margins for the forecasting period are 196.71 and 204.46, respectively. We have considered Sitime'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 Sitime stock data series using in forecasting. Note that when a statistical model is used to represent Sitime 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 | 122.2785 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.2579 |
| MAPE | Mean absolute percentage error | 0.0286 |
| SAE | Sum of the absolute errors | 320.7301 |
Predictive Modules for Sitime
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sitime. 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 Sitime'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 Sitime
For every potential investor in Sitime, whether a beginner or expert, Sitime's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sitime Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sitime. Basic forecasting techniques help filter out the noise by identifying Sitime's price trends.Sitime 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 Sitime stock to make a market-neutral strategy. Peer analysis of Sitime could also be used in its relative valuation, which is a method of valuing Sitime by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sitime 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 Sitime'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 Sitime's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sitime Market Strength Events
Market strength indicators help investors to evaluate how Sitime stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sitime shares will generate the highest return on investment. By undertsting and applying Sitime stock market strength indicators, traders can identify Sitime entry and exit signals to maximize returns.
Sitime Risk Indicators
The analysis of Sitime'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 Sitime's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sitime 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 | 2.57 | |||
| Semi Deviation | 2.53 | |||
| Standard Deviation | 3.87 | |||
| Variance | 14.97 | |||
| Downside Variance | 10.67 | |||
| Semi Variance | 6.42 | |||
| Expected Short fall | (2.74) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Sitime to cross-verify your projections. To learn how to invest in Sitime Stock, please use our How to Invest in Sitime guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Semiconductors & Semiconductor Equipment 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 Sitime. If investors know Sitime 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 Sitime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.61) | Earnings Share (4.14) | Revenue Per Share 7.732 | Quarterly Revenue Growth 0.624 | Return On Assets (0.08) |
The market value of Sitime is measured differently than its book value, which is the value of Sitime that is recorded on the company's balance sheet. Investors also form their own opinion of Sitime's value that differs from its market value or its book value, called intrinsic value, which is Sitime'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 Sitime's market value can be influenced by many factors that don't directly affect Sitime'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 Sitime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sitime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sitime'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.