Sana Biotechnology Stock Forecast - Naive Prediction
| SANA Stock | USD 2.78 0.23 9.02% |
The Naive Prediction forecasted value of Sana Biotechnology on the next trading day is expected to be 3.06 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 7.06. Sana Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sana Biotechnology stock prices and determine the direction of Sana Biotechnology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sana Biotechnology's historical fundamentals, such as revenue growth or operating cash flow patterns.
Sana |
Sana Biotechnology Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Sana Biotechnology's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 133.5 M | Current Value 199.1 M | Quarterly Volatility 113.8 M |
Sana Biotechnology Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Sana Biotechnology on the next trading day is expected to be 3.06 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 7.06.Please note that although there have been many attempts to predict Sana 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 Sana Biotechnology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sana Biotechnology Stock Forecast Pattern
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Sana Biotechnology Forecasted Value
In the context of forecasting Sana Biotechnology'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. Sana Biotechnology's downside and upside margins for the forecasting period are 0.03 and 7.82, respectively. We have considered Sana Biotechnology'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 Sana Biotechnology stock data series using in forecasting. Note that when a statistical model is used to represent Sana Biotechnology 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 | 116.0169 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1138 |
| MAPE | Mean absolute percentage error | 0.031 |
| SAE | Sum of the absolute errors | 7.058 |
Predictive Modules for Sana Biotechnology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sana Biotechnology. 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 Sana Biotechnology
For every potential investor in Sana, whether a beginner or expert, Sana Biotechnology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sana Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sana. Basic forecasting techniques help filter out the noise by identifying Sana Biotechnology's price trends.View Sana Biotechnology Related Equities
| Risk & Return | Correlation |
Sana Biotechnology 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 Sana Biotechnology'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 Sana Biotechnology's current price.| Cycle Indicators | ||
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Sana Biotechnology Market Strength Events
Market strength indicators help investors to evaluate how Sana Biotechnology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sana Biotechnology shares will generate the highest return on investment. By undertsting and applying Sana Biotechnology stock market strength indicators, traders can identify Sana Biotechnology entry and exit signals to maximize returns.
Sana Biotechnology Risk Indicators
The analysis of Sana Biotechnology'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 Sana Biotechnology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sana 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 | 3.55 | |||
| Standard Deviation | 4.76 | |||
| Variance | 22.68 |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Sana Biotechnology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sana Biotechnology'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 Sana Biotechnology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sana Biotechnology Stock:Check out Historical Fundamental Analysis of Sana Biotechnology to cross-verify your projections. For information on how to trade Sana Stock refer to our How to Trade Sana Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Biotechnology 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 Sana Biotechnology. If investors know Sana 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 Sana Biotechnology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.40) | Return On Assets (0.31) | Return On Equity (0.93) |
The market value of Sana Biotechnology is measured differently than its book value, which is the value of Sana that is recorded on the company's balance sheet. Investors also form their own opinion of Sana Biotechnology's value that differs from its market value or its book value, called intrinsic value, which is Sana Biotechnology'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 Sana Biotechnology's market value can be influenced by many factors that don't directly affect Sana Biotechnology'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 Sana Biotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sana Biotechnology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sana Biotechnology'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.