Smith Micro Stock Forecast - Naive Prediction
| SMSI Stock | USD 0.86 0.03 3.61% |
The Naive Prediction forecasted value of Smith Micro Software on the next trading day is expected to be 0.78 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 3.16. Smith Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Smith Micro's historical fundamentals, such as revenue growth or operating cash flow patterns.
Smith |
Smith Micro 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 Smith Micro's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1994-12-31 | Previous Quarter 5.6 M | Current Value 1.5 M | Quarterly Volatility 18.5 M |
Smith Micro Naive Prediction Price Forecast For the 3rd of December
Given 90 days horizon, the Naive Prediction forecasted value of Smith Micro Software on the next trading day is expected to be 0.78 with a mean absolute deviation of 0.05, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.16.Please note that although there have been many attempts to predict Smith 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 Smith Micro's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Smith Micro Stock Forecast Pattern
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Smith Micro Forecasted Value
In the context of forecasting Smith Micro'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. Smith Micro's downside and upside margins for the forecasting period are 0.01 and 16.46, respectively. We have considered Smith Micro'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 Smith Micro stock data series using in forecasting. Note that when a statistical model is used to represent Smith Micro 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 | 112.9909 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0519 |
| MAPE | Mean absolute percentage error | 0.0636 |
| SAE | Sum of the absolute errors | 3.1633 |
Predictive Modules for Smith Micro
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smith Micro Software. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smith Micro's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Smith Micro
For every potential investor in Smith, whether a beginner or expert, Smith Micro's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Smith Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Smith. Basic forecasting techniques help filter out the noise by identifying Smith Micro's price trends.View Smith Micro Related Equities
| Risk & Return | Correlation |
Smith Micro Software 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 Smith Micro'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 Smith Micro's current price.| Cycle Indicators | ||
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Smith Micro Market Strength Events
Market strength indicators help investors to evaluate how Smith Micro stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Smith Micro shares will generate the highest return on investment. By undertsting and applying Smith Micro stock market strength indicators, traders can identify Smith Micro Software entry and exit signals to maximize returns.
Smith Micro Risk Indicators
The analysis of Smith Micro'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 Smith Micro's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting smith 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 | 5.62 | |||
| Semi Deviation | 4.13 | |||
| Standard Deviation | 15.44 | |||
| Variance | 238.48 | |||
| Downside Variance | 24.8 | |||
| Semi Variance | 17.09 | |||
| Expected Short fall | (8.95) |
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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When determining whether Smith Micro Software offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smith Micro'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 Smith Micro Software Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smith Micro Software Stock:Check out Historical Fundamental Analysis of Smith Micro to cross-verify your projections. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Application Software 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 Smith Micro. If investors know Smith 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 Smith Micro 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 (0.84) | Earnings Share (4.94) | Revenue Per Share 3.252 | Quarterly Revenue Growth (0.50) | Return On Assets (0.19) |
The market value of Smith Micro Software is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Micro's value that differs from its market value or its book value, called intrinsic value, which is Smith Micro'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 Smith Micro's market value can be influenced by many factors that don't directly affect Smith Micro'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 Smith Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Micro'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.