Blacksky Technology Stock Forecast - 8 Period Moving Average
| BKSY Stock | USD 10.61 1.10 9.39% |
The 8 Period Moving Average forecasted value of Blacksky Technology on the next trading day is expected to be 11.09 with a mean absolute deviation of 0.71 and the sum of the absolute errors of 37.68. Blacksky Stock Forecast is based on your current time horizon.
Blacksky |
Blacksky Technology 8 Period Moving Average Price Forecast For the 5th of December
Given 90 days horizon, the 8 Period Moving Average forecasted value of Blacksky Technology on the next trading day is expected to be 11.09 with a mean absolute deviation of 0.71, mean absolute percentage error of 0.80, and the sum of the absolute errors of 37.68.Please note that although there have been many attempts to predict Blacksky 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 Blacksky Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Blacksky Technology Stock Forecast Pattern
| Backtest Blacksky Technology | Blacksky Technology Price Prediction | Buy or Sell Advice |
Blacksky Technology Forecasted Value
In the context of forecasting Blacksky Technology'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. Blacksky Technology's downside and upside margins for the forecasting period are 4.48 and 17.70, respectively. We have considered Blacksky Technology'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Blacksky Technology stock data series using in forecasting. Note that when a statistical model is used to represent Blacksky Technology 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 | 103.1819 |
| Bias | Arithmetic mean of the errors | -0.4307 |
| MAD | Mean absolute deviation | 0.7109 |
| MAPE | Mean absolute percentage error | 0.0975 |
| SAE | Sum of the absolute errors | 37.6775 |
Predictive Modules for Blacksky Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Blacksky Technology. 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 Blacksky Technology'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.
Other Forecasting Options for Blacksky Technology
For every potential investor in Blacksky, whether a beginner or expert, Blacksky Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Blacksky Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Blacksky. Basic forecasting techniques help filter out the noise by identifying Blacksky Technology's price trends.View Blacksky Technology Related Equities
| Risk & Return | Correlation |
Blacksky Technology 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 Blacksky Technology'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 Blacksky Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Blacksky Technology Market Strength Events
Market strength indicators help investors to evaluate how Blacksky Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Blacksky Technology shares will generate the highest return on investment. By undertsting and applying Blacksky Technology stock market strength indicators, traders can identify Blacksky Technology entry and exit signals to maximize returns.
Blacksky Technology Risk Indicators
The analysis of Blacksky Technology'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 Blacksky Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting blacksky 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 | 5.26 | |||
| Semi Deviation | 6.72 | |||
| Standard Deviation | 7.02 | |||
| Variance | 49.29 | |||
| Downside Variance | 59.8 | |||
| Semi Variance | 45.22 | |||
| Expected Short fall | (5.61) |
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.Additional Tools for Blacksky Stock Analysis
When running Blacksky Technology's price analysis, check to measure Blacksky Technology'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 Blacksky Technology is operating at the current time. Most of Blacksky Technology's value examination focuses on studying past and present price action to predict the probability of Blacksky Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blacksky Technology's price. Additionally, you may evaluate how the addition of Blacksky Technology to your portfolios can decrease your overall portfolio volatility.