Tactile Systems Stock Forecast - Naive Prediction
| TCMD Stock | USD 18.93 0.60 3.27% |
The Naive Prediction forecasted value of Tactile Systems Technology on the next trading day is expected to be 19.89 with a mean absolute deviation of 0.29 and the sum of the absolute errors of 17.58. Tactile Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Tactile Systems stock prices and determine the direction of Tactile Systems Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Tactile Systems' historical fundamentals, such as revenue growth or operating cash flow patterns.
Tactile |
Tactile Systems Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Tactile Systems' financial statements to predict how it will affect future prices.
Cash | First Reported 2013-12-31 | Previous Quarter 73.6 M | Current Value 82.1 M | Quarterly Volatility 21.3 M |
Tactile Systems Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of Tactile Systems Technology on the next trading day is expected to be 19.89 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.17, and the sum of the absolute errors of 17.58.Please note that although there have been many attempts to predict Tactile 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 Tactile Systems' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tactile Systems Stock Forecast Pattern
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Tactile Systems Forecasted Value
In the context of forecasting Tactile Systems' 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. Tactile Systems' downside and upside margins for the forecasting period are 16.70 and 23.09, respectively. We have considered Tactile Systems' 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 Tactile Systems stock data series using in forecasting. Note that when a statistical model is used to represent Tactile Systems 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 | 116.3089 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2882 |
| MAPE | Mean absolute percentage error | 0.0192 |
| SAE | Sum of the absolute errors | 17.5781 |
Predictive Modules for Tactile Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tactile Systems Tech. 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 Tactile Systems
For every potential investor in Tactile, whether a beginner or expert, Tactile Systems' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tactile Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tactile. Basic forecasting techniques help filter out the noise by identifying Tactile Systems' price trends.View Tactile Systems Related Equities
| Risk & Return | Correlation |
Tactile Systems Tech 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 Tactile Systems' 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 Tactile Systems' current price.| Cycle Indicators | ||
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Tactile Systems Market Strength Events
Market strength indicators help investors to evaluate how Tactile Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tactile Systems shares will generate the highest return on investment. By undertsting and applying Tactile Systems stock market strength indicators, traders can identify Tactile Systems Technology entry and exit signals to maximize returns.
Tactile Systems Risk Indicators
The analysis of Tactile Systems' 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 Tactile Systems' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tactile 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 | 2.16 | |||
| Semi Deviation | 2.49 | |||
| Standard Deviation | 3.15 | |||
| Variance | 9.94 | |||
| Downside Variance | 8.02 | |||
| Semi Variance | 6.22 | |||
| Expected Short fall | (2.50) |
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.When determining whether Tactile Systems Tech is a strong investment it is important to analyze Tactile Systems' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tactile Systems' future performance. For an informed investment choice regarding Tactile Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Tactile Systems to cross-verify your projections. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Health Care Equipment & Supplies 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 Tactile Systems. If investors know Tactile 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 Tactile Systems 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 (0.78) | Earnings Share 0.65 | Revenue Per Share 11.991 | Quarterly Revenue Growth 0.05 | Return On Assets 0.0462 |
The market value of Tactile Systems Tech is measured differently than its book value, which is the value of Tactile that is recorded on the company's balance sheet. Investors also form their own opinion of Tactile Systems' value that differs from its market value or its book value, called intrinsic value, which is Tactile Systems' 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 Tactile Systems' market value can be influenced by many factors that don't directly affect Tactile Systems' 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 Tactile Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tactile Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tactile Systems' 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.