Mind Technology Stock Forecast - Naive Prediction

MIND Stock  USD 3.93  0.16  4.24%   
The Naive Prediction forecasted value of Mind Technology on the next trading day is expected to be 3.82 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 3.10. Mind Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mind Technology stock prices and determine the direction of Mind Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Mind Technology's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Mind Technology's Asset Turnover is projected to increase slightly based on the last few years of reporting. . As of December 5, 2024, Common Stock Shares Outstanding is expected to decline to about 1.1 M. The current year's Net Loss is expected to grow to about (10.8 M).

Mind Technology Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Mind Technology's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
1995-04-30
Previous Quarter
924 K
Current Value
1.9 M
Quarterly Volatility
5.6 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Mind Technology is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Mind Technology 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.

Mind Technology Naive Prediction Price Forecast For the 6th of December

Given 90 days horizon, the Naive Prediction forecasted value of Mind Technology on the next trading day is expected to be 3.82 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 3.10.
Please note that although there have been many attempts to predict Mind 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 Mind Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mind Technology Stock Forecast Pattern

Backtest Mind TechnologyMind Technology Price PredictionBuy or Sell Advice 

Mind Technology Forecasted Value

In the context of forecasting Mind Technology'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. Mind Technology's downside and upside margins for the forecasting period are 1.35 and 6.28, respectively. We have considered Mind Technology'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
3.93
3.82
Expected Value
6.28
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 Mind Technology stock data series using in forecasting. Note that when a statistical model is used to represent Mind Technology 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 Criteria112.4909
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0508
MAPEMean absolute percentage error0.0134
SAESum of the absolute errors3.1002
This model is not at all useful as a medium-long range forecasting tool of Mind Technology. 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 Mind Technology. 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 Mind Technology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mind Technology. 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
1.443.916.38
Details
Intrinsic
Valuation
LowRealHigh
2.464.937.40
Details
1 Analysts
Consensus
LowTargetHigh
5.466.006.66
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.130.130.13
Details

Other Forecasting Options for Mind Technology

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

View Mind Technology Related Equities

 Risk & Return  Correlation

Mind Technology 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 Mind Technology'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 Mind Technology's current price.

Mind Technology Market Strength Events

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

Mind Technology Risk Indicators

The analysis of Mind Technology'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 Mind Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mind 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.

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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 Mind Technology is a strong investment it is important to analyze Mind Technology's 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 Mind Technology's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Mind Technology to cross-verify your projections.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Oil & Gas Equipment & Services 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 Mind Technology. If investors know Mind 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 Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.61)
Revenue Per Share
27.074
Quarterly Revenue Growth
0.327
Return On Assets
0.0525
Return On Equity
0.0668
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology'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 Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology'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 Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology'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.