Bristol Myer OTC Stock Forecast - Naive Prediction

BMYMP
 Stock
  

USD 1,200  10.00  0.84%   

Bristol OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bristol Myer historical stock prices and determine the direction of Bristol Myer Squi's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Bristol Myer historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of Bristol Myer to cross-verify your projections.
  
Most investors in Bristol Myer cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bristol Myer's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bristol Myer's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Bristol Myer is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Bristol Myer Squi value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Bristol Myer Naive Prediction Price Forecast For the 4th of October

Given 90 days horizon, the Naive Prediction forecasted value of Bristol Myer Squi on the next trading day is expected to be 1,241 with a mean absolute deviation of 16.73, mean absolute percentage error of 531.73, and the sum of the absolute errors of 1,021.
Please note that although there have been many attempts to predict Bristol OTC 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 Bristol Myer's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bristol Myer OTC Stock Forecast Pattern

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Bristol Myer Forecasted Value

In the context of forecasting Bristol Myer's OTC 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. Bristol Myer's downside and upside margins for the forecasting period are 1,239 and 1,243, respectively. We have considered Bristol Myer'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 1,200
1,241
Expected Value
1,243
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Bristol Myer otc stock data series using in forecasting. Note that when a statistical model is used to represent Bristol Myer otc 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 Criteria124.3866
BiasArithmetic mean of the errors None
MADMean absolute deviation16.7333
MAPEMean absolute percentage error0.0142
SAESum of the absolute errors1020.731
This model is not at all useful as a medium-long range forecasting tool of Bristol Myer Squi. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Bristol Myer. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Bristol Myer

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bristol Myer Squi. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Bristol Myer'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. Please use the tools below to analyze the current value of Bristol Myer in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1,1981,2001,202
Details
Intrinsic
Valuation
LowReal ValueHigh
1,1381,1401,320
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bristol Myer. Your research has to be compared to or analyzed against Bristol Myer's peers to derive any actionable benefits. When done correctly, Bristol Myer's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Bristol Myer Squi.

Other Forecasting Options for Bristol Myer

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

Bristol Myer 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 Bristol Myer otc stock to make a market-neutral strategy. Peer analysis of Bristol Myer could also be used in its relative valuation, which is a method of valuing Bristol Myer by comparing valuation metrics with similar companies.
Amazon IncVroom IncRumble IncWalt DisneyExxon Mobil CorpProcter GambleAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings Corp
 Risk & Return  Correlation

Bristol Myer Squi 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 Bristol Myer'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 Bristol Myer's current price.

Bristol Myer Market Strength Events

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

Bristol Myer Risk Indicators

The analysis of Bristol Myer's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Bristol Myer's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Bristol Myer stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bristol Myer without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Bristol Myer

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 Bristol Myer 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 Bristol Myer will appreciate offsetting losses from the drop in the long position's value.

Moving against Bristol Myer

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The ability to find closely correlated positions to Bristol Myer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bristol Myer 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 Bristol Myer - 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 Bristol Myer Squi to buy it.
The correlation of Bristol Myer is a statistical measure of how it moves in relation to other equities. 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 Bristol Myer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bristol Myer Squi 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 Bristol Myer 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
Continue to Historical Fundamental Analysis of Bristol Myer to cross-verify your projections. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for analysis

When running Bristol Myer Squi price analysis, check to measure Bristol Myer'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 Bristol Myer is operating at the current time. Most of Bristol Myer's value examination focuses on studying past and present price action to predict the probability of Bristol Myer's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bristol Myer's price. Additionally, you may evaluate how the addition of Bristol Myer to your portfolios can decrease your overall portfolio volatility.
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Is Bristol Myer's industry 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 Bristol Myer. If investors know Bristol 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 Bristol Myer listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bristol Myer Squi is measured differently than its book value, which is the value of Bristol that is recorded on the company's balance sheet. Investors also form their own opinion of Bristol Myer's value that differs from its market value or its book value, called intrinsic value, which is Bristol Myer'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 Bristol Myer's market value can be influenced by many factors that don't directly affect Bristol Myer'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 Bristol Myer's value and its price as these two are different measures arrived at by different means. Investors typically determine Bristol Myer value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bristol Myer'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.