Prometheus Biosciences Stock Forecast - Naive Prediction
| RXDXDelisted Stock | USD 199.92 0.24 0.12% |
The Naive Prediction forecasted value of Prometheus Biosciences on the next trading day is expected to be 190.64 with a mean absolute deviation of 7.85 and the sum of the absolute errors of 478.86. Prometheus Stock Forecast is based on your current time horizon.
Prometheus |
Prometheus Biosciences Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Prometheus Biosciences on the next trading day is expected to be 190.64 with a mean absolute deviation of 7.85, mean absolute percentage error of 142.94, and the sum of the absolute errors of 478.86.Please note that although there have been many attempts to predict Prometheus 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 Prometheus Biosciences' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prometheus Biosciences Stock Forecast Pattern
| Backtest Prometheus Biosciences | Prometheus Biosciences Price Prediction | Buy or Sell Advice |
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 Prometheus Biosciences stock data series using in forecasting. Note that when a statistical model is used to represent Prometheus Biosciences 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 | 123.0729 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 7.8502 |
| MAPE | Mean absolute percentage error | 0.0548 |
| SAE | Sum of the absolute errors | 478.86 |
Predictive Modules for Prometheus Biosciences
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prometheus Biosciences. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prometheus Biosciences' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
View Prometheus Biosciences Related Equities
| Risk & Return | Correlation |
Prometheus Biosciences Market Strength Events
Market strength indicators help investors to evaluate how Prometheus Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prometheus Biosciences shares will generate the highest return on investment. By undertsting and applying Prometheus Biosciences stock market strength indicators, traders can identify Prometheus Biosciences entry and exit signals to maximize returns.
Prometheus Biosciences Risk Indicators
The analysis of Prometheus Biosciences' 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 Prometheus Biosciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prometheus 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 | 2.4 | |||
| Semi Deviation | 0.764 | |||
| Standard Deviation | 8.71 | |||
| Variance | 75.91 | |||
| Downside Variance | 3.36 | |||
| Semi Variance | 0.5836 | |||
| Expected Short fall | (2.61) |
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.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Prometheus Stock
If you are still planning to invest in Prometheus Biosciences check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Prometheus Biosciences' history and understand the potential risks before investing.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |