Solarmax Technology Stock Forward View
| SMXT Stock | 0.92 0.01 1.08% |
Solarmax Stock outlook is based on your current time horizon.
At this time, The relative strength index (RSI) of Solarmax Technology's share price is at 51. This usually implies 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 Solarmax Technology, making its price go up or down. Momentum 51
Impartial
Oversold | Overbought |
Quarterly Revenue Growth 3.833 |
Using Solarmax Technology hype-based prediction, you can estimate the value of Solarmax Technology Common from the perspective of Solarmax Technology response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Solarmax Technology Common on the next trading day is expected to be 0.93 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.66. Solarmax Technology after-hype prediction price | USD 1.02 |
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 Solarmax Technology to cross-verify your projections. Solarmax Technology Additional Predictive Modules
Most predictive techniques to examine Solarmax price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Solarmax using various technical indicators. When you analyze Solarmax 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 |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Solarmax Technology's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 707.7 K | Current Value 672.3 K | Quarterly Volatility 11.2 M |
Solarmax Technology Naive Prediction Price Forecast For the 3rd of February
Given 90 days horizon, the Naive Prediction forecasted value of Solarmax Technology Common on the next trading day is expected to be 0.93 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.66.Please note that although there have been many attempts to predict Solarmax Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Solarmax Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Solarmax Technology Stock Forecast Pattern
| Backtest Solarmax Technology | Solarmax Technology Price Prediction | Research Analysis |
Solarmax Technology Forecasted Value
In the context of forecasting Solarmax Technology'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. Solarmax Technology's downside and upside margins for the forecasting period are 0.01 and 6.97, respectively. We have considered Solarmax Technology'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 Solarmax Technology stock data series using in forecasting. Note that when a statistical model is used to represent Solarmax Technology 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 | 112.5067 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0436 |
| MAPE | Mean absolute percentage error | 0.05 |
| SAE | Sum of the absolute errors | 2.6568 |
Predictive Modules for Solarmax Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Solarmax Technology. 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 Solarmax Technology'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.
Solarmax Technology After-Hype Price Density Analysis
As far as predicting the price of Solarmax Technology 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 Solarmax Technology 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 Solarmax Technology, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Solarmax Technology Estimiated After-Hype Price Volatility
In the context of predicting Solarmax Technology's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Solarmax Technology's historical news coverage. Solarmax Technology's after-hype downside and upside margins for the prediction period are 0.05 and 7.11, respectively. We have considered Solarmax Technology'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 compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Solarmax Technology is abnormally volatile at this time. Analysis and calculation of next after-hype price of Solarmax Technology is based on 3 months time horizon.
Solarmax Technology Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Solarmax Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Solarmax Technology 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 Solarmax Technology, 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 |
0.15 | 6.04 | 0.00 | 0.00 | 3 Events / Month | 5 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.92 | 1.02 | 0.00 |
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Solarmax Technology Hype Timeline
Solarmax Technology is at this time traded for 0.92. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Solarmax is anticipated 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 anticipated to be very small, whereas the daily expected return is at this time at 0.15%. %. The volatility of related hype on Solarmax Technology is about 37750.0%, with the expected price after the next announcement by competition of 0.92. About 28.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.19. Solarmax Technology had not issued any dividends in recent years. Given the investment horizon of 90 days the next anticipated press release will be in about 3 days. Check out Historical Fundamental Analysis of Solarmax Technology to cross-verify your projections.Solarmax Technology Related Hype Analysis
Having access to credible news sources related to Solarmax Technology's direct competition is more important than ever and may enhance your ability to predict Solarmax Technology's future price movements. Getting to know how Solarmax Technology'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 Solarmax Technology may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SPRU | Spruce Power Holding | 0.01 | 10 per month | 5.37 | 0.16 | 13.68 | (7.19) | 81.84 | |
| VVPR | VivoPower International PLC | 0.21 | 10 per month | 0.00 | (0.11) | 11.84 | (11.56) | 36.18 | |
| BEEM | Beam Global | 0.04 | 9 per month | 0.00 | (0.17) | 7.88 | (7.61) | 19.76 | |
| INDO | Indonesia Energy | (0.03) | 6 per month | 3.63 | 0.14 | 10.28 | (5.06) | 29.54 | |
| USEG | US Energy Corp | (0.01) | 8 per month | 0.00 | (0.04) | 7.07 | (5.65) | 13.11 | |
| RCON | Recon Technology | (0.12) | 7 per month | 0.00 | (0.08) | 6.11 | (6.38) | 18.11 | |
| MAXN | Maxeon Solar Technologies | (0.09) | 4 per month | 0.00 | (0.11) | 7.76 | (6.48) | 19.03 | |
| SPWR | Complete Solaria | (0.08) | 9 per month | 0.00 | (0.06) | 6.96 | (6.98) | 16.38 | |
| KLXE | KLX Energy Services | 0.13 | 9 per month | 4.44 | 0.12 | 10.85 | (7.26) | 31.70 | |
| PN | Skycorp Solar Group | 0.10 | 7 per month | 6.62 | (0) | 8.93 | (7.89) | 39.11 |
Other Forecasting Options for Solarmax Technology
For every potential investor in Solarmax, whether a beginner or expert, Solarmax Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Solarmax Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Solarmax. Basic forecasting techniques help filter out the noise by identifying Solarmax Technology's price trends.Solarmax Technology 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 Solarmax Technology stock to make a market-neutral strategy. Peer analysis of Solarmax Technology could also be used in its relative valuation, which is a method of valuing Solarmax Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Solarmax Technology Market Strength Events
Market strength indicators help investors to evaluate how Solarmax Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solarmax Technology shares will generate the highest return on investment. By undertsting and applying Solarmax Technology stock market strength indicators, traders can identify Solarmax Technology Common entry and exit signals to maximize returns.
| Accumulation Distribution | 133269.0 | |||
| Daily Balance Of Power | (0.07) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 0.99 | |||
| Day Typical Price | 0.97 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 51.78 |
Solarmax Technology Risk Indicators
The analysis of Solarmax Technology'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 Solarmax Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting solarmax 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 | 4.32 | |||
| Semi Deviation | 5.52 | |||
| Standard Deviation | 5.91 | |||
| Variance | 34.9 | |||
| Downside Variance | 40.8 | |||
| Semi Variance | 30.52 | |||
| Expected Short fall | (5.00) |
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 Solarmax Technology
The number of cover stories for Solarmax Technology depends on current market conditions and Solarmax Technology's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Solarmax Technology 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 Solarmax Technology'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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Solarmax Technology Short Properties
Solarmax Technology's future price predictability will typically decrease when Solarmax Technology's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Solarmax Technology Common often depends not only on the future outlook of the potential Solarmax Technology'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. Solarmax Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.2 M | |
| Cash And Short Term Investments | 7.1 M |
Additional Tools for Solarmax Stock Analysis
When running Solarmax Technology's price analysis, check to measure Solarmax Technology'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 Solarmax Technology is operating at the current time. Most of Solarmax Technology's value examination focuses on studying past and present price action to predict the probability of Solarmax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solarmax Technology's price. Additionally, you may evaluate how the addition of Solarmax Technology to your portfolios can decrease your overall portfolio volatility.