Abbott Laboratories Stock Forecast - 8 Period Moving Average
| ABT Stock | USD 114.15 1.35 1.17% |
The 8 Period Moving Average forecasted value of Abbott Laboratories on the next trading day is expected to be 115.60 with a mean absolute deviation of 1.50 and the sum of the absolute errors of 79.68. Abbott Stock Forecast is based on your current time horizon.
Abbott |
Open Interest Against 2024-12-13 Abbott Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Abbott Laboratories' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Abbott Laboratories' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Abbott Laboratories stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Abbott Laboratories' open interest, investors have to compare it to Abbott Laboratories' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Abbott Laboratories is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Abbott. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Abbott Laboratories 8 Period Moving Average Price Forecast For the 12th of December 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Abbott Laboratories on the next trading day is expected to be 115.60 with a mean absolute deviation of 1.50, mean absolute percentage error of 3.13, and the sum of the absolute errors of 79.68.Please note that although there have been many attempts to predict Abbott 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 Abbott Laboratories' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Abbott Laboratories Stock Forecast Pattern
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Abbott Laboratories Forecasted Value
In the context of forecasting Abbott Laboratories' 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. Abbott Laboratories' downside and upside margins for the forecasting period are 114.52 and 116.68, respectively. We have considered Abbott Laboratories' 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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Abbott Laboratories stock data series using in forecasting. Note that when a statistical model is used to represent Abbott Laboratories 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 | 104.549 |
| Bias | Arithmetic mean of the errors | -0.1857 |
| MAD | Mean absolute deviation | 1.5035 |
| MAPE | Mean absolute percentage error | 0.013 |
| SAE | Sum of the absolute errors | 79.6837 |
Predictive Modules for Abbott Laboratories
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Abbott Laboratories. 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 Abbott Laboratories
For every potential investor in Abbott, whether a beginner or expert, Abbott Laboratories' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Abbott Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Abbott. Basic forecasting techniques help filter out the noise by identifying Abbott Laboratories' price trends.Abbott Laboratories 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 Abbott Laboratories stock to make a market-neutral strategy. Peer analysis of Abbott Laboratories could also be used in its relative valuation, which is a method of valuing Abbott Laboratories by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Abbott Laboratories 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 Abbott Laboratories' 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 Abbott Laboratories' current price.| Cycle Indicators | ||
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Abbott Laboratories Market Strength Events
Market strength indicators help investors to evaluate how Abbott Laboratories stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Abbott Laboratories shares will generate the highest return on investment. By undertsting and applying Abbott Laboratories stock market strength indicators, traders can identify Abbott Laboratories entry and exit signals to maximize returns.
| Accumulation Distribution | 64899.8 | |||
| Daily Balance Of Power | (0.85) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 114.8 | |||
| Day Typical Price | 114.58 | |||
| Price Action Indicator | (1.32) | |||
| Period Momentum Indicator | (1.35) | |||
| Relative Strength Index | 55.45 |
Abbott Laboratories Risk Indicators
The analysis of Abbott Laboratories' 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 Abbott Laboratories' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abbott 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 | 0.7665 | |||
| Semi Deviation | 0.9541 | |||
| Standard Deviation | 1.06 | |||
| Variance | 1.12 | |||
| Downside Variance | 0.9384 | |||
| Semi Variance | 0.9103 | |||
| Expected Short fall | (0.82) |
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 Abbott Stock Analysis
When running Abbott Laboratories' price analysis, check to measure Abbott Laboratories' 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 Abbott Laboratories is operating at the current time. Most of Abbott Laboratories' value examination focuses on studying past and present price action to predict the probability of Abbott Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abbott Laboratories' price. Additionally, you may evaluate how the addition of Abbott Laboratories to your portfolios can decrease your overall portfolio volatility.