Better Choice Stock Forecast - Naive Prediction

BTTR -  USA Stock  

USD 2.37  0.26  12.32%

Better Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Better Choice historical stock prices and determine the direction of Better Choice'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 Better Choice historical fundamentals such as revenue growth or operating cash flow patterns. Although Better Choice naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Better Choice systematic risk associated with finding meaningful patterns of Better Choice fundamentals over time.
Continue to Historical Fundamental Analysis of Better Choice to cross-verify your projections.
  
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As of 05/22/2022, Asset Turnover is likely to drop to 0.63. As of 05/22/2022, Weighted Average Shares is likely to grow to about 21.5 M. Also, Weighted Average Shares Diluted is likely to grow to about 23.6 M.

Open Interest Agains t 2022-06-17 Better Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Better Choice's 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 Better Choice's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Better Choice stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Better Choice's open interest, investors have to compare it to Better Choice's 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 Better Choice 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 Better. 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.
Most investors in Better Choice 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 Better Choice's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Better Choice's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Better Choice is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Better Choice 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.

Better Choice Naive Prediction Price Forecast For the 23rd of May

Given 90 days horizon, the Naive Prediction forecasted value of Better Choice on the next trading day is expected to be 2.59 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.020558, and the sum of the absolute errors of 6.89. Please note that although there have been many attempts to predict Better 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 Better Choice's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Better Choice Stock Forecast Pattern

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Better Choice Forecasted Value

In the context of forecasting Better Choice'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. Better Choice's downside and upside margins for the forecasting period are 0.0237 and 8.67, respectively. We have considered Better Choice'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 2.37
0.0237
Downside
2.59
Expected Value
8.67
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 Better Choice stock data series using in forecasting. Note that when a statistical model is used to represent Better Choice 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 Criteria116.0639
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1112
MAPEMean absolute percentage error0.0461
SAESum of the absolute errors6.8948
This model is not at all useful as a medium-long range forecasting tool of Better Choice. 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 Better Choice. 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 Better Choice

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Better Choice. 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 Better Choice'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 Better Choice in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.122.358.43
Details
Intrinsic
Valuation
LowReal ValueHigh
0.193.879.95
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.822.142.45
Details
3 Analysts
Consensus
LowTarget PriceHigh
7.008.6710.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Better Choice. Your research has to be compared to or analyzed against Better Choice's peers to derive any actionable benefits. When done correctly, Better Choice'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 Better Choice.

Other Forecasting Options for Better Choice

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

View Currently 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 Better Choice stock to make a market-neutral strategy. Peer analysis of Better Choice could also be used in its relative valuation, which is a method of valuing Better Choice by comparing valuation metrics with similar companies.

Better Choice 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 Better Choice'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 Better Choice's current price.

Better Choice Risk Indicators

The analysis of Better Choice'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 Better Choice's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Better Choice 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.

Better Choice Investors Sentiment

The influence of Better Choice's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Better. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Better Choice Implied Volatility

    
  50.95  
Better Choice's implied volatility exposes the market's sentiment of Better Choice stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Better Choice's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Better Choice stock will not fluctuate a lot when Better Choice's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Better Choice in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Better Choice's short interest history, or implied volatility extrapolated from Better Choice options trading.

Current Sentiment - BTTR

Better Choice Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Better Choice. What is your opinion about investing in Better Choice? Are you bullish or bearish?
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Continue to Historical Fundamental Analysis of Better Choice to cross-verify your projections. Note that the Better Choice information on this page should be used as a complementary analysis to other Better Choice's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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