Smart Sand Stock Forecast - Naive Prediction

SND Stock  USD 2.36  0.11  4.45%   
The Naive Prediction forecasted value of Smart Sand on the next trading day is expected to be 2.34 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.28. Smart Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Smart Sand stock prices and determine the direction of Smart Sand's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Smart Sand's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of December 5, 2024, Inventory Turnover is expected to decline to 5.81. In addition to that, Payables Turnover is expected to decline to 14.70. The current year's Common Stock Shares Outstanding is expected to grow to about 40.2 M, whereas Net Loss is projected to grow to (601.1 K).

Smart Sand Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Smart Sand's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2012-12-31
Previous Quarter
6.3 M
Current Value
7.2 M
Quarterly Volatility
18.7 M
 
Yuan Drop
 
Covid
A naive forecasting model for Smart Sand is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Smart Sand 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.

Smart Sand Naive Prediction Price Forecast For the 6th of December

Given 90 days horizon, the Naive Prediction forecasted value of Smart Sand on the next trading day is expected to be 2.34 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.28.
Please note that although there have been many attempts to predict Smart 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 Smart Sand's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Smart Sand Stock Forecast Pattern

Backtest Smart SandSmart Sand Price PredictionBuy or Sell Advice 

Smart Sand Forecasted Value

In the context of forecasting Smart Sand'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. Smart Sand's downside and upside margins for the forecasting period are 0.02 and 5.97, respectively. We have considered Smart Sand'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
2.36
2.34
Expected Value
5.97
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 Smart Sand stock data series using in forecasting. Note that when a statistical model is used to represent Smart Sand 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 Criteria113.3781
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0701
MAPEMean absolute percentage error0.0321
SAESum of the absolute errors4.275
This model is not at all useful as a medium-long range forecasting tool of Smart Sand. 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 Smart Sand. 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 Smart Sand

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smart Sand. 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
0.122.426.01
Details
Intrinsic
Valuation
LowRealHigh
0.122.426.01
Details
1 Analysts
Consensus
LowTargetHigh
2.392.632.92
Details

Other Forecasting Options for Smart Sand

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

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

Smart Sand 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 Smart Sand'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 Smart Sand's current price.

Smart Sand Market Strength Events

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

Smart Sand Risk Indicators

The analysis of Smart Sand'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 Smart Sand's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting smart 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 Smart Sand is a strong investment it is important to analyze Smart Sand's 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 Smart Sand's future performance. For an informed investment choice regarding Smart Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Smart Sand to cross-verify your projections.
For information on how to trade Smart Stock refer to our How to Trade Smart Stock guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Oil & Gas Equipment & Services 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 Smart Sand. If investors know Smart 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 Smart Sand 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
1.931
Earnings Share
(0.14)
Revenue Per Share
7.688
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0022
The market value of Smart Sand is measured differently than its book value, which is the value of Smart that is recorded on the company's balance sheet. Investors also form their own opinion of Smart Sand's value that differs from its market value or its book value, called intrinsic value, which is Smart Sand's 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 Smart Sand's market value can be influenced by many factors that don't directly affect Smart Sand's 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 Smart Sand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smart Sand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smart Sand's 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.