ViewRay Stock Forecast - Polynomial Regression
| VRAYDelisted Stock | USD 0.04 0 5.67% |
The Polynomial Regression forecasted value of ViewRay on the next trading day is expected to be -0.05 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.59. ViewRay Stock Forecast is based on your current time horizon.
ViewRay |
ViewRay Polynomial Regression Price Forecast For the 29th of December
Given 90 days horizon, the Polynomial Regression forecasted value of ViewRay on the next trading day is expected to be -0.05 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.59.Please note that although there have been many attempts to predict ViewRay 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 ViewRay's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ViewRay Stock Forecast Pattern
| Backtest ViewRay | ViewRay Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of ViewRay stock data series using in forecasting. Note that when a statistical model is used to represent ViewRay 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 | 112.9179 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0588 |
| MAPE | Mean absolute percentage error | 0.2023 |
| SAE | Sum of the absolute errors | 3.586 |
Predictive Modules for ViewRay
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ViewRay. 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.View ViewRay Related Equities
| Risk & Return | Correlation |
ViewRay Market Strength Events
Market strength indicators help investors to evaluate how ViewRay stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ViewRay shares will generate the highest return on investment. By undertsting and applying ViewRay stock market strength indicators, traders can identify ViewRay entry and exit signals to maximize returns.
ViewRay Risk Indicators
The analysis of ViewRay'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 ViewRay's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting viewray 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 | 7.36 | |||
| Standard Deviation | 13.25 | |||
| Variance | 175.55 |
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 World Market Map 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 nation. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in ViewRay Stock
If you are still planning to invest in ViewRay 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 ViewRay's history and understand the potential risks before investing.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |