Tilray Stock Forecast - Simple Moving Average
| TLRY Stock | CAD 12.65 0.20 1.61% |
The Simple Moving Average forecasted value of Tilray Inc on the next trading day is expected to be 12.65 with a mean absolute deviation of 0.67 and the sum of the absolute errors of 40.35. Tilray Stock Forecast is based on your current time horizon. Although Tilray's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Tilray's systematic risk associated with finding meaningful patterns of Tilray fundamentals over time.
As of today, The relative strength index (RSI) of Tilray's share price is at 59. 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 Tilray, making its price go up or down. Momentum 59
Buy Extended
Oversold | Overbought |
EPS Estimate Current Year 0.0219 | EPS Estimate Next Year (0.27) | Wall Street Target Price 16.9075 | Quarterly Revenue Growth 0.047 |
Using Tilray hype-based prediction, you can estimate the value of Tilray Inc from the perspective of Tilray response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Tilray Inc on the next trading day is expected to be 12.65 with a mean absolute deviation of 0.67 and the sum of the absolute errors of 40.35. Tilray after-hype prediction price | CAD 17.44 |
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.
Tilray |
Tilray Additional Predictive Modules
Most predictive techniques to examine Tilray price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Tilray using various technical indicators. When you analyze Tilray 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 |
Tilray Simple Moving Average Price Forecast For the 10th of January
Given 90 days horizon, the Simple Moving Average forecasted value of Tilray Inc on the next trading day is expected to be 12.65 with a mean absolute deviation of 0.67, mean absolute percentage error of 2.75, and the sum of the absolute errors of 40.35.Please note that although there have been many attempts to predict Tilray 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 Tilray's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tilray Stock Forecast Pattern
| Backtest Tilray | Tilray Price Prediction | Buy or Sell Advice |
Tilray Forecasted Value
In the context of forecasting Tilray'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. Tilray's downside and upside margins for the forecasting period are 0.13 and 126.66, respectively. We have considered Tilray'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Tilray stock data series using in forecasting. Note that when a statistical model is used to represent Tilray 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 | 117.2834 |
| Bias | Arithmetic mean of the errors | -0.2592 |
| MAD | Mean absolute deviation | 0.6725 |
| MAPE | Mean absolute percentage error | 0.079 |
| SAE | Sum of the absolute errors | 40.35 |
Predictive Modules for Tilray
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tilray Inc. 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.Other Forecasting Options for Tilray
For every potential investor in Tilray, whether a beginner or expert, Tilray's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tilray Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tilray. Basic forecasting techniques help filter out the noise by identifying Tilray's price trends.Tilray 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 Tilray stock to make a market-neutral strategy. Peer analysis of Tilray could also be used in its relative valuation, which is a method of valuing Tilray by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tilray Inc 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 Tilray'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 Tilray's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Tilray Market Strength Events
Market strength indicators help investors to evaluate how Tilray stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tilray shares will generate the highest return on investment. By undertsting and applying Tilray stock market strength indicators, traders can identify Tilray Inc entry and exit signals to maximize returns.
Tilray Risk Indicators
The analysis of Tilray'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 Tilray's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tilray 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 | 27.93 | |||
| Semi Deviation | 4.73 | |||
| Standard Deviation | 108.76 | |||
| Variance | 11828.43 | |||
| Downside Variance | 45.64 | |||
| Semi Variance | 22.4 | |||
| Expected Short fall | (40.55) |
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.
When determining whether Tilray Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tilray'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 Tilray Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tilray Inc Stock: Check out Historical Fundamental Analysis of Tilray to cross-verify your projections. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.