89bio Stock Forecast - 20 Period Moving Average

ETNB Stock  USD 8.99  0.15  1.64%   
The 20 Period Moving Average forecasted value of 89bio Inc on the next trading day is expected to be 8.99 with a mean absolute deviation of 0.57 and the sum of the absolute errors of 23.43. 89bio Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 89bio stock prices and determine the direction of 89bio Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 89bio's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
The current year's Payables Turnover is expected to grow to 0.03. The current year's Common Stock Shares Outstanding is expected to grow to about 74.7 M, whereas Net Loss is forecasted to decline to (96.4 M).
A commonly used 20-period moving average forecast model for 89bio Inc is based on a synthetically constructed 89biodaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

89bio 20 Period Moving Average Price Forecast For the 2nd of December

Given 90 days horizon, the 20 Period Moving Average forecasted value of 89bio Inc on the next trading day is expected to be 8.99 with a mean absolute deviation of 0.57, mean absolute percentage error of 0.61, and the sum of the absolute errors of 23.43.
Please note that although there have been many attempts to predict 89bio 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 89bio's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

89bio Stock Forecast Pattern

Backtest 89bio89bio Price PredictionBuy or Sell Advice 

89bio Forecasted Value

In the context of forecasting 89bio'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. 89bio's downside and upside margins for the forecasting period are 5.05 and 12.94, respectively. We have considered 89bio'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
8.99
8.99
Expected Value
12.94
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of 89bio stock data series using in forecasting. Note that when a statistical model is used to represent 89bio 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 Criteria80.8594
BiasArithmetic mean of the errors -0.296
MADMean absolute deviation0.5714
MAPEMean absolute percentage error0.065
SAESum of the absolute errors23.4275
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. 89bio Inc 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for 89bio

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 89bio 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.
Hype
Prediction
LowEstimatedHigh
5.038.9712.91
Details
Intrinsic
Valuation
LowRealHigh
8.0914.7218.66
Details
9 Analysts
Consensus
LowTargetHigh
30.4333.4437.12
Details

Other Forecasting Options for 89bio

For every potential investor in 89bio, whether a beginner or expert, 89bio's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 89bio Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 89bio. Basic forecasting techniques help filter out the noise by identifying 89bio's price trends.

89bio 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 89bio stock to make a market-neutral strategy. Peer analysis of 89bio could also be used in its relative valuation, which is a method of valuing 89bio by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

89bio 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 89bio'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 89bio's current price.

89bio Market Strength Events

Market strength indicators help investors to evaluate how 89bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 89bio shares will generate the highest return on investment. By undertsting and applying 89bio stock market strength indicators, traders can identify 89bio Inc entry and exit signals to maximize returns.

89bio Risk Indicators

The analysis of 89bio'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 89bio's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 89bio 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.
When determining whether 89bio Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 89bio'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 89bio Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on 89bio Inc Stock:
Check out Historical Fundamental Analysis of 89bio to cross-verify your projections.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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 89bio. If investors know 89bio 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 89bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.96)
Return On Assets
(0.41)
Return On Equity
(0.73)
The market value of 89bio Inc is measured differently than its book value, which is the value of 89bio that is recorded on the company's balance sheet. Investors also form their own opinion of 89bio's value that differs from its market value or its book value, called intrinsic value, which is 89bio'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 89bio's market value can be influenced by many factors that don't directly affect 89bio'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 89bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if 89bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 89bio'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.