Sunshine Biopharma Stock Forecast - Naive Prediction
| SBFM Stock | USD 2.69 0.02 0.74% |
The Naive Prediction forecasted value of Sunshine Biopharma on the next trading day is expected to be 2.65 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.76. Sunshine Stock Forecast is based on your current time horizon. Although Sunshine Biopharma's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Sunshine Biopharma's systematic risk associated with finding meaningful patterns of Sunshine Biopharma fundamentals over time.
Sunshine |
Sunshine Biopharma Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Sunshine Biopharma's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2007-09-30 | Previous Quarter 11.5 M | Current Value 12.2 M | Quarterly Volatility 8.8 M |
Sunshine Biopharma Naive Prediction Price Forecast For the 14th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Sunshine Biopharma on the next trading day is expected to be 2.65 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.76.Please note that although there have been many attempts to predict Sunshine 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 Sunshine Biopharma's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sunshine Biopharma Stock Forecast Pattern
| Backtest Sunshine Biopharma | Sunshine Biopharma Price Prediction | Buy or Sell Advice |
Sunshine Biopharma Forecasted Value
In the context of forecasting Sunshine Biopharma'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. Sunshine Biopharma's downside and upside margins for the forecasting period are 0.03 and 8.39, respectively. We have considered Sunshine Biopharma'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 Sunshine Biopharma stock data series using in forecasting. Note that when a statistical model is used to represent Sunshine Biopharma 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 | 114.4559 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1272 |
| MAPE | Mean absolute percentage error | 0.0459 |
| SAE | Sum of the absolute errors | 7.7607 |
Predictive Modules for Sunshine Biopharma
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sunshine Biopharma. 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 Sunshine Biopharma
For every potential investor in Sunshine, whether a beginner or expert, Sunshine Biopharma's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sunshine Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sunshine. Basic forecasting techniques help filter out the noise by identifying Sunshine Biopharma's price trends.View Sunshine Biopharma Related Equities
| Risk & Return | Correlation |
Sunshine Biopharma 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 Sunshine Biopharma'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 Sunshine Biopharma's current price.| Cycle Indicators | ||
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Sunshine Biopharma Market Strength Events
Market strength indicators help investors to evaluate how Sunshine Biopharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sunshine Biopharma shares will generate the highest return on investment. By undertsting and applying Sunshine Biopharma stock market strength indicators, traders can identify Sunshine Biopharma entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 2.69 | |||
| Day Typical Price | 2.69 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.02) | |||
| Relative Strength Index | 52.1 |
Sunshine Biopharma Risk Indicators
The analysis of Sunshine Biopharma'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 Sunshine Biopharma's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sunshine 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 | 3.86 | |||
| Semi Deviation | 4.73 | |||
| Standard Deviation | 5.6 | |||
| Variance | 31.41 | |||
| Downside Variance | 24.66 | |||
| Semi Variance | 22.39 | |||
| Expected Short fall | (4.20) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Sunshine Biopharma to cross-verify your projections. To learn how to invest in Sunshine Stock, please use our How to Invest in Sunshine Biopharma guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Biotechnology 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 Sunshine Biopharma. If investors know Sunshine 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 Sunshine Biopharma listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (127.90) | Revenue Per Share 197.42 | Quarterly Revenue Growth 0.416 | Return On Assets (0.11) | Return On Equity (0.18) |
The market value of Sunshine Biopharma is measured differently than its book value, which is the value of Sunshine that is recorded on the company's balance sheet. Investors also form their own opinion of Sunshine Biopharma's value that differs from its market value or its book value, called intrinsic value, which is Sunshine Biopharma'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 Sunshine Biopharma's market value can be influenced by many factors that don't directly affect Sunshine Biopharma'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 Sunshine Biopharma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunshine Biopharma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunshine Biopharma'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.