Bionomics Stock Forecast - 20 Period Moving Average
| BNOXDelisted Stock | USD 4.88 0.07 1.41% |
The 20 Period Moving Average forecasted value of Bionomics Ltd ADR on the next trading day is expected to be 4.96 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 26.38. Bionomics Stock Forecast is based on your current time horizon.
Bionomics |
Bionomics 20 Period Moving Average Price Forecast For the 25th of March
Given 90 days horizon, the 20 Period Moving Average forecasted value of Bionomics Ltd ADR on the next trading day is expected to be 4.96 with a mean absolute deviation of 0.64, mean absolute percentage error of 0.80, and the sum of the absolute errors of 26.38.Please note that although there have been many attempts to predict Bionomics 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 Bionomics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bionomics Stock Forecast Pattern
| Backtest Bionomics | Bionomics Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Bionomics stock data series using in forecasting. Note that when a statistical model is used to represent Bionomics 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 | 81.1312 |
| Bias | Arithmetic mean of the errors | -0.3979 |
| MAD | Mean absolute deviation | 0.6433 |
| MAPE | Mean absolute percentage error | 0.1399 |
| SAE | Sum of the absolute errors | 26.376 |
Predictive Modules for Bionomics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bionomics ADR. 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.Bionomics 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 Bionomics stock to make a market-neutral strategy. Peer analysis of Bionomics could also be used in its relative valuation, which is a method of valuing Bionomics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bionomics Market Strength Events
Market strength indicators help investors to evaluate how Bionomics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bionomics shares will generate the highest return on investment. By undertsting and applying Bionomics stock market strength indicators, traders can identify Bionomics Ltd ADR entry and exit signals to maximize returns.
Bionomics Risk Indicators
The analysis of Bionomics' 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 Bionomics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bionomics 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 | 7.11 | |||
| Semi Deviation | 7.14 | |||
| Standard Deviation | 16.45 | |||
| Variance | 270.6 | |||
| Downside Variance | 66.41 | |||
| Semi Variance | 50.98 | |||
| Expected Short fall | (8.71) |
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.| ZLAB | Zai Lab | |
| ASLE | AerSale Corp | |
| ATS | AT S Austria |
Check out Trending Equities 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 persons. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Other Consideration for investing in Bionomics Stock
If you are still planning to invest in Bionomics ADR 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 Bionomics' history and understand the potential risks before investing.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| 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 | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |