Solid Biosciences Stock Forecast - Double Exponential Smoothing
| SLDB Stock | USD 5.70 0.01 0.18% |
The Double Exponential Smoothing forecasted value of Solid Biosciences LLC on the next trading day is expected to be 5.70 with a mean absolute deviation of 0.25 and the sum of the absolute errors of 14.62. Solid Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Solid Biosciences stock prices and determine the direction of Solid Biosciences LLC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Solid Biosciences' historical fundamentals, such as revenue growth or operating cash flow patterns.
Solid |
Solid Biosciences Double Exponential Smoothing Price Forecast For the 3rd of December
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Solid Biosciences LLC on the next trading day is expected to be 5.70 with a mean absolute deviation of 0.25, mean absolute percentage error of 0.10, and the sum of the absolute errors of 14.62.Please note that although there have been many attempts to predict Solid 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 Solid Biosciences' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Solid Biosciences Stock Forecast Pattern
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Solid Biosciences Forecasted Value
In the context of forecasting Solid Biosciences' 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. Solid Biosciences' downside and upside margins for the forecasting period are 1.12 and 10.27, respectively. We have considered Solid Biosciences' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Solid Biosciences stock data series using in forecasting. Note that when a statistical model is used to represent Solid 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.0411 |
| MAD | Mean absolute deviation | 0.2477 |
| MAPE | Mean absolute percentage error | 0.039 |
| SAE | Sum of the absolute errors | 14.6157 |
Predictive Modules for Solid 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 Solid Biosciences LLC. 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 Solid 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.
Other Forecasting Options for Solid Biosciences
For every potential investor in Solid, whether a beginner or expert, Solid Biosciences' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Solid Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Solid. Basic forecasting techniques help filter out the noise by identifying Solid Biosciences' price trends.View Solid Biosciences Related Equities
| Risk & Return | Correlation |
Solid Biosciences LLC 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 Solid Biosciences' 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 Solid Biosciences' current price.| Cycle Indicators | ||
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Solid Biosciences Market Strength Events
Market strength indicators help investors to evaluate how Solid 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 Solid Biosciences shares will generate the highest return on investment. By undertsting and applying Solid Biosciences stock market strength indicators, traders can identify Solid Biosciences LLC entry and exit signals to maximize returns.
Solid Biosciences Risk Indicators
The analysis of Solid 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 Solid Biosciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting solid 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 | 3.47 | |||
| Standard Deviation | 4.57 | |||
| Variance | 20.85 |
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.When determining whether Solid Biosciences LLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Solid Biosciences' 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 Solid Biosciences Llc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Solid Biosciences Llc Stock:Check out Historical Fundamental Analysis of Solid Biosciences to cross-verify your projections. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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 Solid Biosciences. If investors know Solid 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 Solid Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.04) | Quarterly Revenue Growth (1.00) | Return On Assets (0.35) | Return On Equity (0.66) |
The market value of Solid Biosciences LLC is measured differently than its book value, which is the value of Solid that is recorded on the company's balance sheet. Investors also form their own opinion of Solid Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Solid Biosciences' 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 Solid Biosciences' market value can be influenced by many factors that don't directly affect Solid Biosciences' 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 Solid Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Solid Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solid Biosciences' 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.