Mineralys Therapeutics, Stock Forecast - Naive Prediction
| MLYS Stock | 12.35 0.19 1.56% |
The Naive Prediction forecasted value of Mineralys Therapeutics, Common on the next trading day is expected to be 11.88 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 22.68. Mineralys Stock Forecast is based on your current time horizon.
Mineralys |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Mineralys Therapeutics,'s financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 49.3 M | Current Value 41 M | Quarterly Volatility 25.6 M |
Mineralys Therapeutics, Naive Prediction Price Forecast For the 18th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Mineralys Therapeutics, Common on the next trading day is expected to be 11.88 with a mean absolute deviation of 0.37, mean absolute percentage error of 0.29, and the sum of the absolute errors of 22.68.Please note that although there have been many attempts to predict Mineralys 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 Mineralys Therapeutics,'s next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mineralys Therapeutics, Stock Forecast Pattern
| Backtest Mineralys Therapeutics, | Mineralys Therapeutics, Price Prediction | Buy or Sell Advice |
Mineralys Therapeutics, Forecasted Value
In the context of forecasting Mineralys Therapeutics,'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. Mineralys Therapeutics,'s downside and upside margins for the forecasting period are 7.88 and 15.88, respectively. We have considered Mineralys Therapeutics,'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 Mineralys Therapeutics, stock data series using in forecasting. Note that when a statistical model is used to represent Mineralys Therapeutics, 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 | 116.8588 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3718 |
| MAPE | Mean absolute percentage error | 0.0284 |
| SAE | Sum of the absolute errors | 22.6799 |
Predictive Modules for Mineralys Therapeutics,
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mineralys 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mineralys Therapeutics,'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 Mineralys Therapeutics,
For every potential investor in Mineralys, whether a beginner or expert, Mineralys Therapeutics,'s price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mineralys Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mineralys. Basic forecasting techniques help filter out the noise by identifying Mineralys Therapeutics,'s price trends.Mineralys Therapeutics, 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 Mineralys Therapeutics, stock to make a market-neutral strategy. Peer analysis of Mineralys Therapeutics, could also be used in its relative valuation, which is a method of valuing Mineralys Therapeutics, by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mineralys 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 Mineralys Therapeutics,'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 Mineralys Therapeutics,'s current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mineralys Therapeutics, Market Strength Events
Market strength indicators help investors to evaluate how Mineralys Therapeutics, stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mineralys Therapeutics, shares will generate the highest return on investment. By undertsting and applying Mineralys Therapeutics, stock market strength indicators, traders can identify Mineralys Therapeutics, Common entry and exit signals to maximize returns.
| Accumulation Distribution | 3621.72 | |||
| Daily Balance Of Power | 0.4043 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 12.21 | |||
| Day Typical Price | 12.25 | |||
| Price Action Indicator | 0.24 | |||
| Period Momentum Indicator | 0.19 |
Mineralys Therapeutics, Risk Indicators
The analysis of Mineralys Therapeutics,'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 Mineralys Therapeutics,'s investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mineralys 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 | 2.85 | |||
| Semi Deviation | 3.48 | |||
| Standard Deviation | 3.95 | |||
| Variance | 15.62 | |||
| Downside Variance | 13.54 | |||
| Semi Variance | 12.14 | |||
| Expected Short fall | (2.94) |
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 Mineralys Stock Analysis
When running Mineralys Therapeutics,'s price analysis, check to measure Mineralys Therapeutics,'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 Mineralys Therapeutics, is operating at the current time. Most of Mineralys Therapeutics,'s value examination focuses on studying past and present price action to predict the probability of Mineralys Therapeutics,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mineralys Therapeutics,'s price. Additionally, you may evaluate how the addition of Mineralys Therapeutics, to your portfolios can decrease your overall portfolio volatility.