Azenta Stock Forecast - Polynomial Regression

AZTA Stock  USD 50.53  0.00  0.00%   
The Polynomial Regression forecasted value of Azenta Inc on the next trading day is expected to be 49.41 with a mean absolute deviation of 1.33 and the sum of the absolute errors of 80.93. Azenta Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Azenta stock prices and determine the direction of Azenta Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Azenta's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
The current year's Receivables Turnover is expected to grow to 4.23, whereas Inventory Turnover is forecasted to decline to 2.94. . The current year's Common Stock Shares Outstanding is expected to grow to about 54.3 M, whereas Net Loss is projected to grow to (15.6 M).
Azenta polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Azenta Inc as well as the accuracy indicators are determined from the period prices.

Azenta Polynomial Regression Price Forecast For the 24th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Azenta Inc on the next trading day is expected to be 49.41 with a mean absolute deviation of 1.33, mean absolute percentage error of 2.59, and the sum of the absolute errors of 80.93.
Please note that although there have been many attempts to predict Azenta 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 Azenta's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Azenta Stock Forecast Pattern

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Azenta Forecasted Value

In the context of forecasting Azenta'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. Azenta's downside and upside margins for the forecasting period are 46.61 and 52.20, respectively. We have considered Azenta'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.
Market Value
50.53
49.41
Expected Value
52.20
Upside

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 Azenta stock data series using in forecasting. Note that when a statistical model is used to represent Azenta 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.
AICAkaike Information Criteria119.0617
BiasArithmetic mean of the errors None
MADMean absolute deviation1.3268
MAPEMean absolute percentage error0.0297
SAESum of the absolute errors80.9327
A single variable polynomial regression model attempts to put a curve through the Azenta historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Azenta

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Azenta Inc. 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 Azenta's 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.
Hype
Prediction
LowEstimatedHigh
47.7450.5153.28
Details
Intrinsic
Valuation
LowRealHigh
46.6149.3852.15
Details
7 Analysts
Consensus
LowTargetHigh
53.2458.5064.94
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.070.090.12
Details

Other Forecasting Options for Azenta

For every potential investor in Azenta, whether a beginner or expert, Azenta's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Azenta Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Azenta. Basic forecasting techniques help filter out the noise by identifying Azenta's price trends.

Azenta Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Azenta stock to make a market-neutral strategy. Peer analysis of Azenta could also be used in its relative valuation, which is a method of valuing Azenta by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Azenta Inc 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 Azenta'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 Azenta's current price.

Azenta Market Strength Events

Market strength indicators help investors to evaluate how Azenta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Azenta shares will generate the highest return on investment. By undertsting and applying Azenta stock market strength indicators, traders can identify Azenta Inc entry and exit signals to maximize returns.

Azenta Risk Indicators

The analysis of Azenta'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 Azenta's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting azenta 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.
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 Azenta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Azenta's 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 Azenta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Azenta Inc Stock:
Check out Historical Fundamental Analysis of Azenta to cross-verify your projections.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Life Sciences Tools & Services 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 Azenta. If investors know Azenta 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 Azenta 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
87.778
Earnings Share
(3.09)
Revenue Per Share
12.343
Quarterly Revenue Growth
(0.01)
Return On Assets
(0.02)
The market value of Azenta Inc is measured differently than its book value, which is the value of Azenta that is recorded on the company's balance sheet. Investors also form their own opinion of Azenta's value that differs from its market value or its book value, called intrinsic value, which is Azenta's 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 Azenta's market value can be influenced by many factors that don't directly affect Azenta's 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 Azenta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azenta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azenta's 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.