Sphere 3D Stock Forecast - Simple Regression
| ANY Stock | USD 1.75 0.13 8.02% |
The Simple Regression forecasted value of Sphere 3D Corp on the next trading day is expected to be 1.21 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.90. Sphere Stock Forecast is based on your current time horizon.
Sphere |
Sphere 3D Simple Regression Price Forecast For the 14th of November 2024
Given 90 days horizon, the Simple Regression forecasted value of Sphere 3D Corp on the next trading day is expected to be 1.21 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.90.Please note that although there have been many attempts to predict Sphere 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 Sphere 3D's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sphere 3D Stock Forecast Pattern
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Sphere 3D Forecasted Value
In the context of forecasting Sphere 3D'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. Sphere 3D's downside and upside margins for the forecasting period are 0.02 and 7.52, respectively. We have considered Sphere 3D'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Sphere 3D stock data series using in forecasting. Note that when a statistical model is used to represent Sphere 3D 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 | 116.2172 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1112 |
| MAPE | Mean absolute percentage error | 0.1085 |
| SAE | Sum of the absolute errors | 6.8966 |
Predictive Modules for Sphere 3D
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sphere 3D Corp. 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 Sphere 3D
For every potential investor in Sphere, whether a beginner or expert, Sphere 3D's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sphere Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sphere. Basic forecasting techniques help filter out the noise by identifying Sphere 3D's price trends.Sphere 3D 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 Sphere 3D stock to make a market-neutral strategy. Peer analysis of Sphere 3D could also be used in its relative valuation, which is a method of valuing Sphere 3D by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sphere 3D Corp 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 Sphere 3D'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 Sphere 3D's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Sphere 3D Market Strength Events
Market strength indicators help investors to evaluate how Sphere 3D stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sphere 3D shares will generate the highest return on investment. By undertsting and applying Sphere 3D stock market strength indicators, traders can identify Sphere 3D Corp entry and exit signals to maximize returns.
Sphere 3D Risk Indicators
The analysis of Sphere 3D'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 Sphere 3D's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sphere 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 | 4.29 | |||
| Semi Deviation | 3.23 | |||
| Standard Deviation | 6.22 | |||
| Variance | 38.68 | |||
| Downside Variance | 19.86 | |||
| Semi Variance | 10.44 | |||
| Expected Short fall | (6.26) |
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.Additional Tools for Sphere Stock Analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D'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 Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.