Treace Medical Stock Forecast - Polynomial Regression
| TMCI Stock | USD 4.69 0.24 4.87% |
The Polynomial Regression forecasted value of Treace Medical Concepts on the next trading day is expected to be 5.00 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 14.47. Treace Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Treace Medical's historical fundamentals, such as revenue growth or operating cash flow patterns.
Treace |
Treace Medical Polynomial Regression Price Forecast For the 27th of October
Given 90 days horizon, the Polynomial Regression forecasted value of Treace Medical Concepts on the next trading day is expected to be 5.00 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.09, and the sum of the absolute errors of 14.47.Please note that although there have been many attempts to predict Treace 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 Treace Medical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Treace Medical Stock Forecast Pattern
| Backtest Treace Medical | Treace Medical Price Prediction | Buy or Sell Advice |
Treace Medical Forecasted Value
In the context of forecasting Treace Medical'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. Treace Medical's downside and upside margins for the forecasting period are 1.24 and 8.75, respectively. We have considered Treace Medical'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Treace Medical stock data series using in forecasting. Note that when a statistical model is used to represent Treace Medical 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 | 117.506 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2334 |
| MAPE | Mean absolute percentage error | 0.0416 |
| SAE | Sum of the absolute errors | 14.4702 |
Predictive Modules for Treace Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Treace Medical Concepts. 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 Treace Medical's 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 Treace Medical
For every potential investor in Treace, whether a beginner or expert, Treace Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Treace Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Treace. Basic forecasting techniques help filter out the noise by identifying Treace Medical's price trends.View Treace Medical Related Equities
| Risk & Return | Correlation |
Treace Medical Concepts 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 Treace Medical'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 Treace Medical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Treace Medical Market Strength Events
Market strength indicators help investors to evaluate how Treace Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Treace Medical shares will generate the highest return on investment. By undertsting and applying Treace Medical stock market strength indicators, traders can identify Treace Medical Concepts entry and exit signals to maximize returns.
Treace Medical Risk Indicators
The analysis of Treace Medical'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 Treace Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting treace 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 | 2.86 | |||
| Standard Deviation | 3.75 | |||
| Variance | 14.1 |
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
| MSFT | Microsoft | |
| V | Visa Class A | |
| MSFT | Microsoft | |
| BAC | Bank of America | |
| CRM | Salesforce |
Check out Historical Fundamental Analysis of Treace Medical to cross-verify your projections. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Health Care Equipment & Supplies 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 Treace Medical. If investors know Treace 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 Treace Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.02) | Revenue Per Share 3.213 | Quarterly Revenue Growth 0.06 | Return On Assets (0.17) | Return On Equity (0.49) |
The market value of Treace Medical Concepts is measured differently than its book value, which is the value of Treace that is recorded on the company's balance sheet. Investors also form their own opinion of Treace Medical's value that differs from its market value or its book value, called intrinsic value, which is Treace Medical'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 Treace Medical's market value can be influenced by many factors that don't directly affect Treace Medical'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 Treace Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Treace Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Treace Medical'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.