Bitfarms Stock Forecast - Simple Exponential Smoothing

BITF Stock  USD 2.14  0.15  7.54%   
The Simple Exponential Smoothing forecasted value of Bitfarms on the next trading day is expected to be 2.14 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.89. Bitfarms Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Bitfarms' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At this time, Bitfarms' Fixed Asset Turnover is most likely to increase slightly in the upcoming years. The Bitfarms' current Asset Turnover is estimated to increase to 0.55, while Inventory Turnover is projected to decrease to 134.18. . The current Common Stock Shares Outstanding is estimated to decrease to about 142.9 M. The Bitfarms' current Net Loss is estimated to increase to about (204.4 M).
Bitfarms simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Bitfarms are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Bitfarms prices get older.

Bitfarms Simple Exponential Smoothing Price Forecast For the 6th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Bitfarms on the next trading day is expected to be 2.14 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.89.
Please note that although there have been many attempts to predict Bitfarms 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 Bitfarms' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bitfarms Stock Forecast Pattern

Backtest BitfarmsBitfarms Price PredictionBuy or Sell Advice 

Bitfarms Forecasted Value

In the context of forecasting Bitfarms' 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. Bitfarms' downside and upside margins for the forecasting period are 0.02 and 8.23, respectively. We have considered Bitfarms' 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
2.14
2.14
Expected Value
8.23
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Bitfarms stock data series using in forecasting. Note that when a statistical model is used to represent Bitfarms 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 Criteria112.1736
BiasArithmetic mean of the errors -0.0025
MADMean absolute deviation0.0982
MAPEMean absolute percentage error0.0469
SAESum of the absolute errors5.89
This simple exponential smoothing model begins by setting Bitfarms forecast for the second period equal to the observation of the first period. In other words, recent Bitfarms observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Bitfarms

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitfarms. 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 Bitfarms' 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.
Hype
Prediction
LowEstimatedHigh
0.101.998.02
Details
Intrinsic
Valuation
LowRealHigh
0.122.388.41
Details
7 Analysts
Consensus
LowTargetHigh
2.733.003.33
Details

Other Forecasting Options for Bitfarms

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

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

Bitfarms 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 Bitfarms' 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 Bitfarms' current price.

Bitfarms Market Strength Events

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

Bitfarms Risk Indicators

The analysis of Bitfarms' 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 Bitfarms' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bitfarms 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.

Currently Active Assets on Macroaxis

When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' 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 Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Bitfarms to cross-verify your projections.
For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Asset Management & Custody Banks 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 Bitfarms. If investors know Bitfarms 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 Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.38)
Revenue Per Share
0.493
Quarterly Revenue Growth
0.296
Return On Assets
(0.13)
Return On Equity
(0.31)
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' 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 Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' 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 Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' 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.