Foresight Autonomous Stock Forecast - Naive Prediction

FRSX Stock  ILA 26.00  10.90  72.19%   
The Naive Prediction forecasted value of Foresight Autonomous Holdings on the next trading day is expected to be 28.78 with a mean absolute deviation of 0.91 and the sum of the absolute errors of 55.52. Foresight Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Foresight Autonomous stock prices and determine the direction of Foresight Autonomous Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Foresight Autonomous' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for Foresight Autonomous is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Foresight Autonomous Holdings 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.

Foresight Autonomous Naive Prediction Price Forecast For the 26th of December

Given 90 days horizon, the Naive Prediction forecasted value of Foresight Autonomous Holdings on the next trading day is expected to be 28.78 with a mean absolute deviation of 0.91, mean absolute percentage error of 1.67, and the sum of the absolute errors of 55.52.
Please note that although there have been many attempts to predict Foresight 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 Foresight Autonomous' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Foresight Autonomous Stock Forecast Pattern

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Foresight Autonomous Forecasted Value

In the context of forecasting Foresight Autonomous' 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. Foresight Autonomous' downside and upside margins for the forecasting period are 15.42 and 42.14, respectively. We have considered Foresight Autonomous' 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
26.00
28.78
Expected Value
42.14
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 Foresight Autonomous stock data series using in forecasting. Note that when a statistical model is used to represent Foresight Autonomous 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 Criteria118.6244
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9101
MAPEMean absolute percentage error0.0929
SAESum of the absolute errors55.5173
This model is not at all useful as a medium-long range forecasting tool of Foresight Autonomous Holdings. 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 Foresight Autonomous. 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 Foresight Autonomous

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Foresight Autonomous. 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
12.4926.0039.51
Details
Intrinsic
Valuation
LowRealHigh
13.0126.5240.03
Details

Other Forecasting Options for Foresight Autonomous

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

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

Foresight Autonomous 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 Foresight Autonomous' 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 Foresight Autonomous' current price.

Foresight Autonomous Market Strength Events

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

Foresight Autonomous Risk Indicators

The analysis of Foresight Autonomous' 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 Foresight Autonomous' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting foresight 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.

Additional Information and Resources on Investing in Foresight Stock

When determining whether Foresight Autonomous offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Foresight Autonomous' 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 Foresight Autonomous Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Foresight Autonomous Holdings Stock:
Check out Historical Fundamental Analysis of Foresight Autonomous to cross-verify your projections.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Please note, there is a significant difference between Foresight Autonomous' value and its price as these two are different measures arrived at by different means. Investors typically determine if Foresight Autonomous is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foresight Autonomous' 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.