Bio Rad Stock Forecast - Polynomial Regression

BIO Stock  USD 330.87  0.52  0.16%   
The Polynomial Regression forecasted value of Bio Rad Laboratories on the next trading day is expected to be 330.69 with a mean absolute deviation of 10.07 and the sum of the absolute errors of 614.29. Bio Stock Forecast is based on your current time horizon. Although Bio Rad's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bio Rad's systematic risk associated with finding meaningful patterns of Bio Rad fundamentals over time.
  
At this time, Bio Rad's Inventory Turnover is very stable compared to the past year. As of the 30th of December 2024, Fixed Asset Turnover is likely to grow to 5.53, while Payables Turnover is likely to drop 5.69. . As of the 30th of December 2024, Common Stock Shares Outstanding is likely to drop to about 29.1 M. In addition to that, Net Loss is likely to grow to about (4 B).
Bio Rad polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Bio Rad Laboratories as well as the accuracy indicators are determined from the period prices.

Bio Rad Polynomial Regression Price Forecast For the 31st of December

Given 90 days horizon, the Polynomial Regression forecasted value of Bio Rad Laboratories on the next trading day is expected to be 330.69 with a mean absolute deviation of 10.07, mean absolute percentage error of 177.25, and the sum of the absolute errors of 614.29.
Please note that although there have been many attempts to predict Bio 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 Bio Rad's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bio Rad Stock Forecast Pattern

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Bio Rad Forecasted Value

In the context of forecasting Bio Rad'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. Bio Rad's downside and upside margins for the forecasting period are 328.32 and 333.05, respectively. We have considered Bio Rad'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
330.87
328.32
Downside
330.69
Expected Value
333.05
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Bio Rad stock data series using in forecasting. Note that when a statistical model is used to represent Bio Rad 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 Criteria123.2881
BiasArithmetic mean of the errors None
MADMean absolute deviation10.0703
MAPEMean absolute percentage error0.0295
SAESum of the absolute errors614.2877
A single variable polynomial regression model attempts to put a curve through the Bio Rad historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Bio Rad

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bio Rad 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.
Hype
Prediction
LowEstimatedHigh
328.49330.87333.25
Details
Intrinsic
Valuation
LowRealHigh
297.78423.70426.08
Details
6 Analysts
Consensus
LowTargetHigh
476.48523.60581.20
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.222.522.60
Details

Other Forecasting Options for Bio Rad

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

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 Risk & Return  Correlation

Bio Rad 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 Bio Rad'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 Bio Rad's current price.

Bio Rad Market Strength Events

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

Bio Rad Risk Indicators

The analysis of Bio Rad'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 Bio Rad's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bio 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.

Pair Trading with Bio Rad

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bio Rad position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bio Rad will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bio Rad could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bio Rad when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bio Rad - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bio Rad Laboratories to buy it.
The correlation of Bio Rad is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bio Rad moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bio Rad Laboratories moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bio Rad can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Bio Rad Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bio Rad's 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 Bio Rad Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bio Rad Laboratories Stock:
Is Life Sciences Tools & 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 Bio Rad. If investors know Bio 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 Bio Rad 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
5.412
Earnings Share
(28.09)
Revenue Per Share
90.815
Quarterly Revenue Growth
0.028
Return On Assets
0.0186
The market value of Bio Rad Laboratories is measured differently than its book value, which is the value of Bio that is recorded on the company's balance sheet. Investors also form their own opinion of Bio Rad's value that differs from its market value or its book value, called intrinsic value, which is Bio Rad'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 Bio Rad's market value can be influenced by many factors that don't directly affect Bio Rad'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 Bio Rad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bio Rad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bio Rad'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.