Snowflake Stock Forecast - Naive Prediction

SNOW Stock  USD 149.83  2.54  1.67%   
The Naive Prediction forecasted value of Snowflake on the next trading day is expected to be 147.53 with a mean absolute deviation of 3.29 and the sum of the absolute errors of 200.88. Snowflake Stock Forecast is based on your current time horizon.
  
Payables Turnover is likely to climb to 19.30 in 2025, whereas Inventory Turnover is likely to drop 5.99 in 2025. . Common Stock Shares Outstanding is likely to drop to about 299.7 M in 2025. Net Loss is likely to drop to about (752.9 M) in 2025.

Open Interest Against 2025-06-20 Snowflake Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Snowflake's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Snowflake's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Snowflake stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Snowflake's open interest, investors have to compare it to Snowflake's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Snowflake is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Snowflake. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Snowflake's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2013-12-31
Previous Quarter
2.1 B
Current Value
2.6 B
Quarterly Volatility
849.3 M
 
Yuan Drop
 
Covid
A naive forecasting model for Snowflake is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Snowflake 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.

Snowflake Naive Prediction Price Forecast For the 15th of March 2025

Given 90 days horizon, the Naive Prediction forecasted value of Snowflake on the next trading day is expected to be 147.53 with a mean absolute deviation of 3.29, mean absolute percentage error of 19.79, and the sum of the absolute errors of 200.88.
Please note that although there have been many attempts to predict Snowflake 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 Snowflake's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Snowflake Stock Forecast Pattern

Backtest SnowflakeSnowflake Price PredictionBuy or Sell Advice 

Snowflake Forecasted Value

In the context of forecasting Snowflake'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. Snowflake's downside and upside margins for the forecasting period are 144.61 and 150.45, respectively. We have considered Snowflake'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.
Market Value
149.83
144.61
Downside
147.53
Expected Value
150.45
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 Snowflake stock data series using in forecasting. Note that when a statistical model is used to represent Snowflake 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 Criteria121.0955
BiasArithmetic mean of the errors None
MADMean absolute deviation3.293
MAPEMean absolute percentage error0.0193
SAESum of the absolute errors200.8753
This model is not at all useful as a medium-long range forecasting tool of Snowflake. 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 Snowflake. 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 Snowflake

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Snowflake. 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
147.57150.49153.41
Details
Intrinsic
Valuation
LowRealHigh
134.85161.43164.35
Details
46 Analysts
Consensus
LowTargetHigh
169.72186.51207.02
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.160.210.35
Details

Other Forecasting Options for Snowflake

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

Snowflake 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 Snowflake stock to make a market-neutral strategy. Peer analysis of Snowflake could also be used in its relative valuation, which is a method of valuing Snowflake by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Snowflake 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 Snowflake'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 Snowflake's current price.

Snowflake Market Strength Events

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

Snowflake Risk Indicators

The analysis of Snowflake'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 Snowflake's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting snowflake 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.

Also Currently Popular

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 Snowflake Stock Analysis

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