BBS Bioactive Stock Forecast - Naive Prediction

BONEH Stock  EUR 0.07  0  1.47%   
The Naive Prediction forecasted value of BBS Bioactive Bone Substitutes on the next trading day is expected to be 0.04 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.20. BBS Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of BBS Bioactive's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for BBS Bioactive is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of BBS Bioactive Bone Substitutes 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.

BBS Bioactive Naive Prediction Price Forecast For the 15th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of BBS Bioactive Bone Substitutes on the next trading day is expected to be 0.04 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0006, and the sum of the absolute errors of 1.20.
Please note that although there have been many attempts to predict BBS 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 BBS Bioactive's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

BBS Bioactive Stock Forecast Pattern

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BBS Bioactive Forecasted Value

In the context of forecasting BBS Bioactive'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. BBS Bioactive's downside and upside margins for the forecasting period are 0.0007 and 9.16, respectively. We have considered BBS Bioactive'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.
Market Value
0.07
0.0007
Downside
0.04
Expected Value
9.16
Upside

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 BBS Bioactive stock data series using in forecasting. Note that when a statistical model is used to represent BBS Bioactive 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.
AICAkaike Information Criteria110.7249
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0197
MAPEMean absolute percentage error0.1252
SAESum of the absolute errors1.2021
This model is not at all useful as a medium-long range forecasting tool of BBS Bioactive Bone Substitutes. 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 BBS Bioactive. 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 BBS Bioactive

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BBS Bioactive Bone. 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
LowEstimatedHigh
0.000.079.19
Details
Intrinsic
Valuation
LowRealHigh
0.000.079.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BBS Bioactive. Your research has to be compared to or analyzed against BBS Bioactive's peers to derive any actionable benefits. When done correctly, BBS Bioactive's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BBS Bioactive Bone.

Other Forecasting Options for BBS Bioactive

For every potential investor in BBS, whether a beginner or expert, BBS Bioactive's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BBS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BBS. Basic forecasting techniques help filter out the noise by identifying BBS Bioactive's price trends.

BBS Bioactive 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 BBS Bioactive stock to make a market-neutral strategy. Peer analysis of BBS Bioactive could also be used in its relative valuation, which is a method of valuing BBS Bioactive by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

BBS Bioactive Bone 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 BBS Bioactive'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 BBS Bioactive's current price.

BBS Bioactive Market Strength Events

Market strength indicators help investors to evaluate how BBS Bioactive stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BBS Bioactive shares will generate the highest return on investment. By undertsting and applying BBS Bioactive stock market strength indicators, traders can identify BBS Bioactive Bone Substitutes entry and exit signals to maximize returns.

BBS Bioactive Risk Indicators

The analysis of BBS Bioactive'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 BBS Bioactive's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bbs 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.
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.

Also Currently Popular

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.

Other Information on Investing in BBS Stock

BBS Bioactive financial ratios help investors to determine whether BBS Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BBS with respect to the benefits of owning BBS Bioactive security.