2Seventy Bio Stock Forecast - Naive Prediction

2Seventy Bio Additional Predictive Modules

Most predictive techniques to examine 2Seventy price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for 2Seventy using various technical indicators. When you analyze 2Seventy 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. A naive forecasting model for 2Seventy Bio is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of 2Seventy Bio value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

2Seventy Bio Naive Prediction Price Forecast For the 19th of January

Given 90 days horizon, the Naive Prediction forecasted value of 2Seventy Bio on the next trading day is expected to be 4.49 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.10, and the sum of the absolute errors of 13.66.

2Seventy Bio Stock Forecast Pattern

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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 2Seventy Bio stock data series using in forecasting. Note that when a statistical model is used to represent 2Seventy Bio 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. This model is not at all useful as a medium-long range forecasting tool of 2Seventy Bio. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict 2Seventy Bio. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for 2Seventy Bio

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 2Seventy Bio. 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.

Hype Prediction Low Estimated High 5.00 5.00 5.00 Details

Intrinsic Valuation Low Real High 3.71 3.71 5.50 Details

Bollinger Band Projection (param) Low Middle High 4.98 4.99 5.01 Details

2Seventy Bio Related Equities

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Correlation

2Seventy Bio Market Strength Events

2Seventy Bio Risk Indicators

Other Consideration for investing in 2Seventy Stock