ViewRay Pink Sheet Forecast - Simple Moving Average
The Simple Moving Average forecasted value of ViewRay on the next trading day is expected to be 0.00005 with a mean absolute deviation of 0.00000424 and the sum of the absolute errors of 0.0003. Investors can use prediction functions to forecast ViewRay's stock prices and determine the direction of ViewRay's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of ViewRay's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services. As of today the relative strength index (rsi) of ViewRay's share price is below 20 . This entails that the pink sheet 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.
The successful prediction of ViewRay's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with ViewRay, which may create opportunities for some arbitrage if properly timed.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.
Momentum 0
Sell Peaked
Oversold | Overbought |
Using ViewRay hype-based prediction, you can estimate the value of ViewRay from the perspective of ViewRay response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of ViewRay on the next trading day is expected to be 0.00005 with a mean absolute deviation of 0.00000424 and the sum of the absolute errors of 0.0003. ViewRay after-hype prediction price | USD 0.0 |
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 pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
ViewRay |
ViewRay Additional Predictive Modules
Most predictive techniques to examine ViewRay price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for ViewRay using various technical indicators. When you analyze ViewRay 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 |
ViewRay Simple Moving Average Price Forecast For the 30th of January
Given 90 days horizon, the Simple Moving Average forecasted value of ViewRay on the next trading day is expected to be 0.00005 with a mean absolute deviation of 0.00000424, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0003.Please note that although there have been many attempts to predict ViewRay Pink Sheet 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 ViewRay's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ViewRay Pink Sheet Forecast Pattern
ViewRay Forecasted Value
In the context of forecasting ViewRay's Pink Sheet 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. ViewRay's downside and upside margins for the forecasting period are 0.00 and 129.96, respectively. We have considered ViewRay'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 ViewRay pink sheet data series using in forecasting. Note that when a statistical model is used to represent ViewRay pink sheet, 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 | 92.7475 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 3.0E-4 |
Predictive Modules for ViewRay
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ViewRay. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 ViewRay'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.
ViewRay Estimiated After-Hype Price Volatility
As far as predicting the price of ViewRay 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 ViewRay 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 Pink Sheet prices, such as prices of ViewRay, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
ViewRay Pink Sheet Price Outlook Analysis
Have you ever been surprised when a price of a Company such as ViewRay is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ViewRay 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 Pink Sheet 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 ViewRay, 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 |
15.00 | 129.96 | 0.00 | 0.00 | 0 Events / Month | 1 Events / Month | Any time |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.00 | 0.00 | 0.00 |
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ViewRay Hype Timeline
ViewRay is at this time traded for 0.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. ViewRay 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 insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is at this time at 15.0%. %. The volatility of related hype on ViewRay is about 1.2996E8%, with the expected price after the next announcement by competition of 0.00. Assuming the 90 days horizon the next anticipated press release will be any time. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.ViewRay Related Hype Analysis
Having access to credible news sources related to ViewRay's direct competition is more important than ever and may enhance your ability to predict ViewRay's future price movements. Getting to know how ViewRay'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 ViewRay may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ASFX | American Scientf | 0.00 | 1 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ABMT | Advanced Biomedical Technologies | (0.0004) | 2 per month | 0.00 | 0.12 | 0.00 | 0.00 | 150.00 | |
| HSMD | Healthcare Solutions Management | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SDCCQ | SmileDirectClub | 0.00 | 0 per month | 0.00 | 0.05 | 0.00 | 0.00 | 150.00 | |
| LOWLF | Lowell Farms | 0.00 | 1 per month | 19.82 | 0.16 | 70.48 | (36.31) | 1,900 | |
| MDIT | Medite Cancer Diagnostics | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CBGI | Cannabusiness Group | 0.00 | 1 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SCAL | Stem Cell Authority | 0.00 | 1 per month | 0.00 | (0.14) | 0.00 | 0.00 | 50.00 | |
| NUGS | Cannabis Strategic Ventures | (0.0006) | 4 per month | 0.00 | 0.16 | 20.00 | 0.00 | 316.67 | |
| CEVE | Ceres Ventures | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for ViewRay
For every potential investor in ViewRay, whether a beginner or expert, ViewRay's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ViewRay Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ViewRay. Basic forecasting techniques help filter out the noise by identifying ViewRay's price trends.ViewRay 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 ViewRay pink sheet to make a market-neutral strategy. Peer analysis of ViewRay could also be used in its relative valuation, which is a method of valuing ViewRay by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Story Coverage note for ViewRay
The number of cover stories for ViewRay depends on current market conditions and ViewRay's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that ViewRay 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 ViewRay'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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Additional Tools for ViewRay Pink Sheet Analysis
When running ViewRay's price analysis, check to measure ViewRay'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 ViewRay is operating at the current time. Most of ViewRay's value examination focuses on studying past and present price action to predict the probability of ViewRay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ViewRay's price. Additionally, you may evaluate how the addition of ViewRay to your portfolios can decrease your overall portfolio volatility.