Olema Pharmaceuticals Stock Forecast - Polynomial Regression
| OLMA Stock | USD 12.62 0.36 2.77% |
The Polynomial Regression forecasted value of Olema Pharmaceuticals on the next trading day is expected to be 14.55 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 39.75. Olema Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Olema Pharmaceuticals stock prices and determine the direction of Olema Pharmaceuticals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Olema Pharmaceuticals' historical fundamentals, such as revenue growth or operating cash flow patterns.
Olema |
Open Interest Against 2024-10-18 Olema Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Olema Pharmaceuticals' 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 Olema Pharmaceuticals' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Olema Pharmaceuticals 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 Olema Pharmaceuticals' open interest, investors have to compare it to Olema Pharmaceuticals' 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 Olema Pharmaceuticals 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 Olema. 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.
Olema Pharmaceuticals Polynomial Regression Price Forecast For the 26th of September
Given 90 days horizon, the Polynomial Regression forecasted value of Olema Pharmaceuticals on the next trading day is expected to be 14.55 with a mean absolute deviation of 0.64, mean absolute percentage error of 0.65, and the sum of the absolute errors of 39.75.Please note that although there have been many attempts to predict Olema 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 Olema Pharmaceuticals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Olema Pharmaceuticals Stock Forecast Pattern
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Olema Pharmaceuticals Forecasted Value
In the context of forecasting Olema Pharmaceuticals' 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. Olema Pharmaceuticals' downside and upside margins for the forecasting period are 10.20 and 18.90, respectively. We have considered Olema Pharmaceuticals' 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Olema Pharmaceuticals stock data series using in forecasting. Note that when a statistical model is used to represent Olema Pharmaceuticals 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 | 119.5231 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6411 |
| MAPE | Mean absolute percentage error | 0.0499 |
| SAE | Sum of the absolute errors | 39.7485 |
Predictive Modules for Olema Pharmaceuticals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Olema Pharmaceuticals. 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 Olema Pharmaceuticals' 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.
Other Forecasting Options for Olema Pharmaceuticals
For every potential investor in Olema, whether a beginner or expert, Olema Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Olema Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Olema. Basic forecasting techniques help filter out the noise by identifying Olema Pharmaceuticals' price trends.Olema Pharmaceuticals 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 Olema Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of Olema Pharmaceuticals could also be used in its relative valuation, which is a method of valuing Olema Pharmaceuticals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Olema Pharmaceuticals 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 Olema Pharmaceuticals' 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 Olema Pharmaceuticals' current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
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Olema Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Olema Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Olema Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Olema Pharmaceuticals stock market strength indicators, traders can identify Olema Pharmaceuticals entry and exit signals to maximize returns.
| Accumulation Distribution | 90459.52 | |||
| Daily Balance Of Power | (0.47) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 12.9 | |||
| Day Typical Price | 12.81 | |||
| Price Action Indicator | (0.46) | |||
| Period Momentum Indicator | (0.36) |
Olema Pharmaceuticals Risk Indicators
The analysis of Olema Pharmaceuticals' 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 Olema Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting olema 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 | 3.18 | |||
| Semi Deviation | 4.51 | |||
| Standard Deviation | 4.29 | |||
| Variance | 18.43 | |||
| Downside Variance | 24.66 | |||
| Semi Variance | 20.33 | |||
| Expected Short fall | (3.05) |
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 Information and Resources on Investing in Olema Stock
When determining whether Olema Pharmaceuticals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Olema Pharmaceuticals' 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 Olema Pharmaceuticals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Olema Pharmaceuticals Stock:Check out Historical Fundamental Analysis of Olema Pharmaceuticals to cross-verify your projections. For information on how to trade Olema Stock refer to our How to Trade Olema Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Biotechnology 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 Olema Pharmaceuticals. If investors know Olema 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 Olema Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.04) | Return On Assets (0.35) | Return On Equity (0.56) |
The market value of Olema Pharmaceuticals is measured differently than its book value, which is the value of Olema that is recorded on the company's balance sheet. Investors also form their own opinion of Olema Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Olema Pharmaceuticals' 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 Olema Pharmaceuticals' market value can be influenced by many factors that don't directly affect Olema Pharmaceuticals' 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 Olema Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Olema Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olema Pharmaceuticals' 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.