Soligenix Stock Forecast - Naive Prediction
| SNGX Stock | USD 3.23 0.09 2.71% |
The Naive Prediction forecasted value of Soligenix on the next trading day is expected to be 3.13 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.70. Soligenix Stock Forecast is based on your current time horizon.
Soligenix |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Soligenix's financial statements to predict how it will affect future prices.
Cash | First Reported 1995-09-30 | Previous Quarter 9.4 M | Current Value 9.8 M | Quarterly Volatility 6 M |
Soligenix Naive Prediction Price Forecast For the 5th of December
Given 90 days horizon, the Naive Prediction forecasted value of Soligenix on the next trading day is expected to be 3.13 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.03, and the sum of the absolute errors of 6.70.Please note that although there have been many attempts to predict Soligenix 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 Soligenix's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Soligenix Stock Forecast Pattern
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Soligenix Forecasted Value
In the context of forecasting Soligenix'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. Soligenix's downside and upside margins for the forecasting period are 0.03 and 8.92, respectively. We have considered Soligenix'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.
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 Soligenix stock data series using in forecasting. Note that when a statistical model is used to represent Soligenix 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 | 114.5958 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1099 |
| MAPE | Mean absolute percentage error | 0.0289 |
| SAE | Sum of the absolute errors | 6.7031 |
Predictive Modules for Soligenix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Soligenix. 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 Soligenix
For every potential investor in Soligenix, whether a beginner or expert, Soligenix's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Soligenix Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Soligenix. Basic forecasting techniques help filter out the noise by identifying Soligenix's price trends.View Soligenix Related Equities
| Risk & Return | Correlation |
Soligenix 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 Soligenix'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 Soligenix's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
Soligenix Market Strength Events
Market strength indicators help investors to evaluate how Soligenix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Soligenix shares will generate the highest return on investment. By undertsting and applying Soligenix stock market strength indicators, traders can identify Soligenix entry and exit signals to maximize returns.
Soligenix Risk Indicators
The analysis of Soligenix'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 Soligenix's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting soligenix 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 | 3.73 | |||
| Semi Deviation | 4.73 | |||
| Standard Deviation | 5.83 | |||
| Variance | 34.0 | |||
| Downside Variance | 23.68 | |||
| Semi Variance | 22.39 | |||
| Expected Short fall | (4.60) |
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.Additional Tools for Soligenix Stock Analysis
When running Soligenix's price analysis, check to measure Soligenix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Soligenix is operating at the current time. Most of Soligenix's value examination focuses on studying past and present price action to predict the probability of Soligenix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Soligenix's price. Additionally, you may evaluate how the addition of Soligenix to your portfolios can decrease your overall portfolio volatility.