Y MAbs Stock Forecast - Double Exponential Smoothing

YMAB Stock  USD 9.77  0.24  2.40%   
The Double Exponential Smoothing forecasted value of Y mAbs Therapeutics on the next trading day is expected to be 9.64 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.09. YMAB Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Y MAbs stock prices and determine the direction of Y mAbs Therapeutics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Y MAbs' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
The current year's Inventory Turnover is expected to grow to 2.37. The current year's Payables Turnover is expected to grow to 1.98. As of December 12, 2024, Common Stock Shares Outstanding is expected to decline to about 41.4 M. In addition to that, Net Loss is expected to decline to about (90.3 M).
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Y MAbs works best with periods where there are trends or seasonality.

Y MAbs Double Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Y mAbs Therapeutics on the next trading day is expected to be 9.64 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.26, and the sum of the absolute errors of 21.09.
Please note that although there have been many attempts to predict YMAB 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 Y MAbs' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Y MAbs Stock Forecast Pattern

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Y MAbs Forecasted Value

In the context of forecasting Y MAbs' 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. Y MAbs' downside and upside margins for the forecasting period are 5.72 and 13.57, respectively. We have considered Y MAbs' 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
9.77
9.64
Expected Value
13.57
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Y MAbs stock data series using in forecasting. Note that when a statistical model is used to represent Y MAbs 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 CriteriaHuge
BiasArithmetic mean of the errors 0.0701
MADMean absolute deviation0.3574
MAPEMean absolute percentage error0.028
SAESum of the absolute errors21.089
When Y mAbs Therapeutics prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Y mAbs Therapeutics trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Y MAbs observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Y MAbs

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Y mAbs Therapeutics. 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
5.969.8813.80
Details
Intrinsic
Valuation
LowRealHigh
6.4010.3214.24
Details
11 Analysts
Consensus
LowTargetHigh
11.3112.4313.80
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.21-0.15-0.05
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Y MAbs. Your research has to be compared to or analyzed against Y MAbs' peers to derive any actionable benefits. When done correctly, Y MAbs' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Y mAbs Therapeutics.

Other Forecasting Options for Y MAbs

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

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 Risk & Return  Correlation

Y mAbs Therapeutics 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 Y MAbs' 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 Y MAbs' current price.

Y MAbs Market Strength Events

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

Y MAbs Risk Indicators

The analysis of Y MAbs' 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 Y MAbs' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ymab 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.
When determining whether Y mAbs Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Y MAbs' 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 Y Mabs Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Y Mabs Therapeutics Stock:
Check out Historical Fundamental Analysis of Y MAbs to cross-verify your projections.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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 Y MAbs. If investors know YMAB 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 Y MAbs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.53)
Revenue Per Share
1.921
Quarterly Revenue Growth
(0.1)
Return On Assets
(0.12)
Return On Equity
(0.25)
The market value of Y mAbs Therapeutics is measured differently than its book value, which is the value of YMAB that is recorded on the company's balance sheet. Investors also form their own opinion of Y MAbs' value that differs from its market value or its book value, called intrinsic value, which is Y MAbs' 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 Y MAbs' market value can be influenced by many factors that don't directly affect Y MAbs' 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 Y MAbs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Y MAbs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Y MAbs' 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.