Magnite Stock Forecast - Naive Prediction
| MGNI Stock | USD 15.84 0.73 4.41% |
The Naive Prediction forecasted value of Magnite on the next trading day is expected to be 15.53 with a mean absolute deviation of 0.41 and the sum of the absolute errors of 25.26. Magnite Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Magnite's historical fundamentals, such as revenue growth or operating cash flow patterns.
Magnite |
Magnite Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Magnite's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2012-12-31 | Previous Quarter 326.5 M | Current Value 387.2 M | Quarterly Volatility 102.8 M |
Magnite Naive Prediction Price Forecast For the 20th of December
Given 90 days horizon, the Naive Prediction forecasted value of Magnite on the next trading day is expected to be 15.53 with a mean absolute deviation of 0.41, mean absolute percentage error of 0.30, and the sum of the absolute errors of 25.26.Please note that although there have been many attempts to predict Magnite 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 Magnite's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Magnite Stock Forecast Pattern
| Backtest Magnite | Magnite Price Prediction | Buy or Sell Advice |
Magnite Forecasted Value
In the context of forecasting Magnite'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. Magnite's downside and upside margins for the forecasting period are 12.11 and 18.96, respectively. We have considered Magnite'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Magnite stock data series using in forecasting. Note that when a statistical model is used to represent Magnite 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 | 118.7437 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4074 |
| MAPE | Mean absolute percentage error | 0.0288 |
| SAE | Sum of the absolute errors | 25.2609 |
Predictive Modules for Magnite
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magnite. 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.Other Forecasting Options for Magnite
For every potential investor in Magnite, whether a beginner or expert, Magnite's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magnite Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magnite. Basic forecasting techniques help filter out the noise by identifying Magnite's price trends.Magnite 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 Magnite stock to make a market-neutral strategy. Peer analysis of Magnite could also be used in its relative valuation, which is a method of valuing Magnite by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magnite 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 Magnite'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 Magnite's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Magnite Market Strength Events
Market strength indicators help investors to evaluate how Magnite stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magnite shares will generate the highest return on investment. By undertsting and applying Magnite stock market strength indicators, traders can identify Magnite entry and exit signals to maximize returns.
| Accumulation Distribution | 130058.0 | |||
| Daily Balance Of Power | (0.58) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 16.29 | |||
| Day Typical Price | 16.14 | |||
| Price Action Indicator | (0.81) | |||
| Period Momentum Indicator | (0.73) |
Magnite Risk Indicators
The analysis of Magnite'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 Magnite's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magnite 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 | 2.23 | |||
| Semi Deviation | 2.9 | |||
| Standard Deviation | 3.37 | |||
| Variance | 11.33 | |||
| Downside Variance | 10.34 | |||
| Semi Variance | 8.38 | |||
| Expected Short fall | (2.31) |
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.
Currently Active Assets on Macroaxis
When determining whether Magnite offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magnite'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 Magnite Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magnite Stock:Check out Historical Fundamental Analysis of Magnite to cross-verify your projections. For more detail on how to invest in Magnite Stock please use our How to Invest in Magnite guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Advertising 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 Magnite. If investors know Magnite 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 Magnite 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 (0.93) | Earnings Share 0.13 | Revenue Per Share 4.728 | Quarterly Revenue Growth 0.079 | Return On Assets 0.0111 |
The market value of Magnite is measured differently than its book value, which is the value of Magnite that is recorded on the company's balance sheet. Investors also form their own opinion of Magnite's value that differs from its market value or its book value, called intrinsic value, which is Magnite'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 Magnite's market value can be influenced by many factors that don't directly affect Magnite'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 Magnite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magnite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magnite'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.