Nextdoor Holdings Stock Forecast - Simple Exponential Smoothing
| KIND Stock | USD 2.43 0.01 0.41% |
The Simple Exponential Smoothing forecasted value of Nextdoor Holdings on the next trading day is expected to be 2.43 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.93. Nextdoor Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nextdoor Holdings stock prices and determine the direction of Nextdoor Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nextdoor Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
Nextdoor |
Nextdoor Holdings Simple Exponential Smoothing Price Forecast For the 2nd of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Nextdoor Holdings on the next trading day is expected to be 2.43 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 2.93.Please note that although there have been many attempts to predict Nextdoor 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 Nextdoor Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nextdoor Holdings Stock Forecast Pattern
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Nextdoor Holdings Forecasted Value
In the context of forecasting Nextdoor Holdings' 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. Nextdoor Holdings' downside and upside margins for the forecasting period are 0.02 and 5.09, respectively. We have considered Nextdoor Holdings' 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Nextdoor Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Nextdoor Holdings 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 | 110.9057 |
| Bias | Arithmetic mean of the errors | -0.0028 |
| MAD | Mean absolute deviation | 0.0488 |
| MAPE | Mean absolute percentage error | 0.0195 |
| SAE | Sum of the absolute errors | 2.93 |
Predictive Modules for Nextdoor Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextdoor Holdings. 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 Nextdoor Holdings
For every potential investor in Nextdoor, whether a beginner or expert, Nextdoor Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nextdoor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nextdoor. Basic forecasting techniques help filter out the noise by identifying Nextdoor Holdings' price trends.View Nextdoor Holdings Related Equities
| Risk & Return | Correlation |
Nextdoor Holdings 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 Nextdoor Holdings' 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 Nextdoor Holdings' current price.| Cycle Indicators | ||
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Nextdoor Holdings Market Strength Events
Market strength indicators help investors to evaluate how Nextdoor Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nextdoor Holdings shares will generate the highest return on investment. By undertsting and applying Nextdoor Holdings stock market strength indicators, traders can identify Nextdoor Holdings entry and exit signals to maximize returns.
Nextdoor Holdings Risk Indicators
The analysis of Nextdoor Holdings' 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 Nextdoor Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nextdoor 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 | 1.99 | |||
| Semi Deviation | 2.28 | |||
| Standard Deviation | 2.71 | |||
| Variance | 7.32 | |||
| Downside Variance | 6.41 | |||
| Semi Variance | 5.19 | |||
| Expected Short fall | (2.46) |
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 Nextdoor Holdings is a strong investment it is important to analyze Nextdoor Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nextdoor Holdings' future performance. For an informed investment choice regarding Nextdoor Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Nextdoor Holdings to cross-verify your projections. For information on how to trade Nextdoor Stock refer to our How to Trade Nextdoor Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Movies & Entertainment 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 Nextdoor Holdings. If investors know Nextdoor 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 Nextdoor Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 0.615 | Quarterly Revenue Growth 0.17 | Return On Assets (0.12) | Return On Equity (0.25) |
The market value of Nextdoor Holdings is measured differently than its book value, which is the value of Nextdoor that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdoor Holdings' value that differs from its market value or its book value, called intrinsic value, which is Nextdoor Holdings' 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 Nextdoor Holdings' market value can be influenced by many factors that don't directly affect Nextdoor Holdings' 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 Nextdoor Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdoor Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdoor Holdings' 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.