Harvard Apparatus OTC Stock Forecast - Naive Prediction

Summary

HRGNDelisted Stock

4.20 0.09 2.10%

The Naive Prediction forecasted value of Harvard Apparatus Regenerative on the next trading day is expected to be 4.33 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.14. Investors can use prediction functions to forecast Harvard Apparatus' stock prices and determine the direction of Harvard Apparatus Regenerative's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Harvard Apparatus' historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in price.

A naive forecasting model for Harvard Apparatus is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Harvard Apparatus Regenerative value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

More About Naive Prediction All Equity Analysis

Harvard Apparatus Naive Prediction Price Forecast For the 23rd of December

Given 90 days horizon, the Naive Prediction forecasted value of Harvard Apparatus Regenerative on the next trading day is expected to be 4.33 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.14.

Please note that although there have been many attempts to predict Harvard OTC 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 Harvard Apparatus' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Harvard Apparatus OTC Stock Forecast Pattern

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 Harvard Apparatus otc stock data series using in forecasting. Note that when a statistical model is used to represent Harvard Apparatus otc 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	114.4969
Bias	Arithmetic mean of the errors	None
MAD	Mean absolute deviation	0.1335
MAPE	Mean absolute percentage error	0.0287
SAE	Sum of the absolute errors	8.1408

This model is not at all useful as a medium-long range forecasting tool of Harvard Apparatus Regenerative. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Harvard Apparatus. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Harvard Apparatus

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Harvard Apparatus. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harvard Apparatus. Your research has to be compared to or analyzed against Harvard Apparatus' peers to derive any actionable benefits. When done correctly, Harvard Apparatus' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Harvard Apparatus.

Harvard Apparatus 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 Harvard Apparatus otc stock to make a market-neutral strategy. Peer analysis of Harvard Apparatus could also be used in its relative valuation, which is a method of valuing Harvard Apparatus by comparing valuation metrics with similar companies.

Xiabuxiabu Catering Management Boyd Gaming Waste Management Dennys Corp BJs Restaurants Fidus Investment Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot

Risk & Return

Correlation

Harvard Apparatus Market Strength Events

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

	Accumulation Distribution	0.0443
	Daily Balance Of Power	(0.47)
	Rate Of Daily Change	0.98
	Day Median Price	4.2
	Day Typical Price	4.2
	Market Facilitation Index	0.19
	Price Action Indicator	(0.04)
	Period Momentum Indicator	(0.09)
	Relative Strength Index	35.3

Harvard Apparatus Risk Indicators

The analysis of Harvard Apparatus' 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 Harvard Apparatus' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting harvard otc 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	1.93
	Standard Deviation	3.04
	Variance	9.21

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.

Pair Trading with Harvard Apparatus

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Harvard Apparatus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Harvard Apparatus will appreciate offsetting losses from the drop in the long position's value.

Moving together with Harvard OTC Stock

0.78	DWTX	Dogwood Therapeutics, Symbol Change	Pair Corr
0.79	EMMA	Emmaus Life Sciences	Pair Corr

Moving against Harvard OTC Stock

0.86	EPRX	Eupraxia Pharmaceuticals	Pair Corr
0.73	FRTX	Fresh Tracks Therapeutics	Pair Corr
0.64	VAXX	Vaxxinity	Pair Corr
0.63	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.58	GRCE	Grace Therapeutics, Symbol Change	Pair Corr

The ability to find closely correlated positions to Harvard Apparatus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harvard Apparatus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Harvard Apparatus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Harvard Apparatus Regenerative to buy it.

The correlation of Harvard Apparatus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harvard Apparatus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harvard Apparatus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Harvard Apparatus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in price.

Note that the Harvard Apparatus information on this page should be used as a complementary analysis to other Harvard Apparatus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Consideration for investing in Harvard OTC Stock

If you are still planning to invest in Harvard Apparatus 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 Harvard Apparatus' history and understand the potential risks before investing.

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