Stratasys Stock Forecast - Naive Prediction
| SSYS Stock | USD 9.62 0.07 0.73% |
The Naive Prediction forecasted value of Stratasys on the next trading day is expected to be 9.09 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.73. Stratasys Stock Forecast is based on your current time horizon.
Stratasys |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Stratasys' financial statements to predict how it will affect future prices.
Cash | First Reported 1993-12-31 | Previous Quarter 70.9 M | Current Value 64 M | Quarterly Volatility 146.5 M |
Stratasys Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Stratasys on the next trading day is expected to be 9.09 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.09, and the sum of the absolute errors of 13.73.Please note that although there have been many attempts to predict Stratasys 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 Stratasys' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stratasys Stock Forecast Pattern
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Stratasys Forecasted Value
In the context of forecasting Stratasys' 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. Stratasys' downside and upside margins for the forecasting period are 4.66 and 13.51, respectively. We have considered Stratasys' 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 Stratasys stock data series using in forecasting. Note that when a statistical model is used to represent Stratasys 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 | 117.5373 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2214 |
| MAPE | Mean absolute percentage error | 0.0278 |
| SAE | Sum of the absolute errors | 13.7296 |
Predictive Modules for Stratasys
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stratasys. 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 Stratasys' 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 Stratasys
For every potential investor in Stratasys, whether a beginner or expert, Stratasys' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Stratasys Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Stratasys. Basic forecasting techniques help filter out the noise by identifying Stratasys' price trends.Stratasys 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 Stratasys stock to make a market-neutral strategy. Peer analysis of Stratasys could also be used in its relative valuation, which is a method of valuing Stratasys by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Stratasys 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 Stratasys' 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 Stratasys' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Stratasys Market Strength Events
Market strength indicators help investors to evaluate how Stratasys stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Stratasys shares will generate the highest return on investment. By undertsting and applying Stratasys stock market strength indicators, traders can identify Stratasys entry and exit signals to maximize returns.
Stratasys Risk Indicators
The analysis of Stratasys' 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 Stratasys' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting stratasys 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 | 2.97 | |||
| Semi Deviation | 3.05 | |||
| Standard Deviation | 4.52 | |||
| Variance | 20.39 | |||
| Downside Variance | 11.67 | |||
| Semi Variance | 9.28 | |||
| Expected Short fall | (3.37) |
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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Additional Tools for Stratasys Stock Analysis
When running Stratasys' price analysis, check to measure Stratasys' 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 Stratasys is operating at the current time. Most of Stratasys' value examination focuses on studying past and present price action to predict the probability of Stratasys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stratasys' price. Additionally, you may evaluate how the addition of Stratasys to your portfolios can decrease your overall portfolio volatility.