Paymentus Holdings Stock Forecast - Naive Prediction

PAY Stock  USD 34.35  0.61  1.74%   
The Naive Prediction forecasted value of Paymentus Holdings on the next trading day is expected to be 28.05 with a mean absolute deviation of 1.32 and the sum of the absolute errors of 80.48. Paymentus Stock Forecast is based on your current time horizon.
  
At this time, Paymentus Holdings' Inventory Turnover is fairly stable compared to the past year. Fixed Asset Turnover is likely to rise to 71.93 in 2024, whereas Payables Turnover is likely to drop 8.82 in 2024. . Common Stock Shares Outstanding is likely to drop to about 99.9 M in 2024. Net Loss is likely to rise to about (438.6 K) in 2024.
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Paymentus Holdings' financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2003-09-30
Previous Quarter
192.9 M
Current Value
187.5 M
Quarterly Volatility
138.1 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Paymentus Holdings is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Paymentus Holdings 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.

Paymentus Holdings Naive Prediction Price Forecast For the 14th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Paymentus Holdings on the next trading day is expected to be 28.05 with a mean absolute deviation of 1.32, mean absolute percentage error of 2.77, and the sum of the absolute errors of 80.48.
Please note that although there have been many attempts to predict Paymentus 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 Paymentus Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Paymentus Holdings Stock Forecast Pattern

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Paymentus Holdings Forecasted Value

In the context of forecasting Paymentus Holdings' 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. Paymentus Holdings' downside and upside margins for the forecasting period are 23.45 and 32.64, respectively. We have considered Paymentus Holdings' 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
34.35
28.05
Expected Value
32.64
Upside

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 Paymentus Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Paymentus Holdings 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 Criteria119.1294
BiasArithmetic mean of the errors None
MADMean absolute deviation1.3194
MAPEMean absolute percentage error0.0469
SAESum of the absolute errors80.4838
This model is not at all useful as a medium-long range forecasting tool of Paymentus Holdings. 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 Paymentus Holdings. 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 Paymentus Holdings

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Paymentus Holdings. 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.
Hype
Prediction
LowEstimatedHigh
29.6334.2538.87
Details
Intrinsic
Valuation
LowRealHigh
21.4826.1037.83
Details
Bollinger
Band Projection (param)
LowMiddleHigh
32.3235.9739.63
Details
6 Analysts
Consensus
LowTargetHigh
13.4614.7916.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paymentus Holdings. Your research has to be compared to or analyzed against Paymentus Holdings' peers to derive any actionable benefits. When done correctly, Paymentus Holdings' 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 Paymentus Holdings.

Other Forecasting Options for Paymentus Holdings

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

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 Risk & Return  Correlation

Paymentus Holdings 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 Paymentus Holdings' 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 Paymentus Holdings' current price.

Paymentus Holdings Market Strength Events

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

Paymentus Holdings Risk Indicators

The analysis of Paymentus Holdings' 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 Paymentus Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting paymentus 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.

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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 Paymentus Stock Analysis

When running Paymentus Holdings' price analysis, check to measure Paymentus Holdings' 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 Paymentus Holdings is operating at the current time. Most of Paymentus Holdings' value examination focuses on studying past and present price action to predict the probability of Paymentus Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paymentus Holdings' price. Additionally, you may evaluate how the addition of Paymentus Holdings to your portfolios can decrease your overall portfolio volatility.