Rigel Pharmaceuticals Stock Forecast - Naive Prediction
| RIGL Stock | USD 27.61 0.27 0.97% |
The Naive Prediction forecasted value of Rigel Pharmaceuticals on the next trading day is expected to be 24.37 with a mean absolute deviation of 1.12 and the sum of the absolute errors of 69.33. Rigel Stock Forecast is based on your current time horizon. Although Rigel Pharmaceuticals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Rigel Pharmaceuticals' systematic risk associated with finding meaningful patterns of Rigel Pharmaceuticals fundamentals over time.
Rigel |
Rigel Pharmaceuticals Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Rigel Pharmaceuticals' financial statements, predicting their influence on future market prices.
Cash | First Reported 2000-12-31 | Previous Quarter 36.1 M | Current Value 51.7 M | Quarterly Volatility 20.7 M |
Rigel Pharmaceuticals Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Rigel Pharmaceuticals on the next trading day is expected to be 24.37 with a mean absolute deviation of 1.12, mean absolute percentage error of 2.97, and the sum of the absolute errors of 69.33.Please note that although there have been many attempts to predict Rigel 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 Rigel Pharmaceuticals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Rigel Pharmaceuticals Stock Forecast Pattern
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Rigel Pharmaceuticals Forecasted Value
In the context of forecasting Rigel Pharmaceuticals' 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. Rigel Pharmaceuticals' downside and upside margins for the forecasting period are 17.58 and 31.16, respectively. We have considered Rigel Pharmaceuticals' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Rigel Pharmaceuticals stock data series using in forecasting. Note that when a statistical model is used to represent Rigel Pharmaceuticals 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 | 121.0385 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1182 |
| MAPE | Mean absolute percentage error | 0.0584 |
| SAE | Sum of the absolute errors | 69.3274 |
Predictive Modules for Rigel Pharmaceuticals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rigel Pharmaceuticals. 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 Rigel Pharmaceuticals
For every potential investor in Rigel, whether a beginner or expert, Rigel Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Rigel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Rigel. Basic forecasting techniques help filter out the noise by identifying Rigel Pharmaceuticals' price trends.View Rigel Pharmaceuticals Related Equities
| Risk & Return | Correlation |
Rigel Pharmaceuticals 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 Rigel Pharmaceuticals' 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 Rigel Pharmaceuticals' current price.| Cycle Indicators | ||
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Rigel Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Rigel Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rigel Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Rigel Pharmaceuticals stock market strength indicators, traders can identify Rigel Pharmaceuticals entry and exit signals to maximize returns.
| Accumulation Distribution | 3290.89 | |||
| Daily Balance Of Power | (0.28) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 27.69 | |||
| Day Typical Price | 27.66 | |||
| Price Action Indicator | (0.21) | |||
| Period Momentum Indicator | (0.27) | |||
| Relative Strength Index | 88.07 |
Rigel Pharmaceuticals Risk Indicators
The analysis of Rigel Pharmaceuticals' 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 Rigel Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rigel 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 | 3.41 | |||
| Semi Deviation | 2.4 | |||
| Standard Deviation | 6.67 | |||
| Variance | 44.49 | |||
| Downside Variance | 10.89 | |||
| Semi Variance | 5.78 | |||
| Expected Short fall | (4.21) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Rigel Pharmaceuticals to cross-verify your projections. For more information on how to buy Rigel Stock please use our How to buy in Rigel Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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 Rigel Pharmaceuticals. If investors know Rigel 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 Rigel Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share 0.27 | Revenue Per Share 8.979 | Quarterly Revenue Growth 0.966 | Return On Assets 0.0461 |
The market value of Rigel Pharmaceuticals is measured differently than its book value, which is the value of Rigel that is recorded on the company's balance sheet. Investors also form their own opinion of Rigel Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Rigel Pharmaceuticals' 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 Rigel Pharmaceuticals' market value can be influenced by many factors that don't directly affect Rigel Pharmaceuticals' 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 Rigel Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rigel Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rigel Pharmaceuticals' 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.