Cognyte Software Stock Forecast - Naive Prediction

CGNT
 Stock
  

USD 3.74  0.05  1.32%   

Cognyte Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cognyte Software historical stock prices and determine the direction of Cognyte Software'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 Cognyte Software historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of Cognyte Software to cross-verify your projections.
  

Open Interest Agains t 2022-10-21 Cognyte Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Cognyte Software'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 Cognyte Software's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Cognyte Software 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 Cognyte Software's open interest, investors have to compare it to Cognyte Software'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 Cognyte Software 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 Cognyte. 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 Cognyte Software 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 Cognyte Software's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cognyte Software's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Cognyte Software is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Cognyte Software 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.

Cognyte Software Naive Prediction Price Forecast For the 8th of October

Given 90 days horizon, the Naive Prediction forecasted value of Cognyte Software on the next trading day is expected to be 3.23 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.027745, and the sum of the absolute errors of 8.32.
Please note that although there have been many attempts to predict Cognyte 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 Cognyte Software's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Cognyte Software Stock Forecast Pattern

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Cognyte Software Forecasted Value

In the context of forecasting Cognyte Software'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. Cognyte Software's downside and upside margins for the forecasting period are 0.0374 and 6.50, respectively. We have considered Cognyte Software'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 3.74
0.0374
Downside
3.23
Expected Value
6.50
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 Cognyte Software stock data series using in forecasting. Note that when a statistical model is used to represent Cognyte Software 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 Criteria114.5258
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1364
MAPEMean absolute percentage error0.0292
SAESum of the absolute errors8.3205
This model is not at all useful as a medium-long range forecasting tool of Cognyte Software. 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 Cognyte Software. 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 Cognyte Software

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cognyte Software. 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 Cognyte Software'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 Cognyte Software in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.283.767.24
Details
Intrinsic
Valuation
LowReal ValueHigh
3.378.1811.66
Details
5 Analysts
Consensus
LowTarget PriceHigh
17.0021.7526.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cognyte Software. Your research has to be compared to or analyzed against Cognyte Software's peers to derive any actionable benefits. When done correctly, Cognyte Software'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 Cognyte Software.

Other Forecasting Options for Cognyte Software

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

Cognyte Software 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 Cognyte Software stock to make a market-neutral strategy. Peer analysis of Cognyte Software could also be used in its relative valuation, which is a method of valuing Cognyte Software by comparing valuation metrics with similar companies.
Microsoft CorpAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondMaiden Holdings NorthSeagate Technology HldgsVistra Energy CorpExxon Mobil Corp
 Risk & Return  Correlation

Cognyte Software 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 Cognyte Software'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 Cognyte Software's current price.

Cognyte Software Risk Indicators

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

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 Cognyte Software 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 Cognyte Software will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cognyte Software

+0.62AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr
The ability to find closely correlated positions to Cognyte Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cognyte Software 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 Cognyte Software - 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 Cognyte Software to buy it.
The correlation of Cognyte Software 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 Cognyte Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognyte Software 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 Cognyte Software 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 Cognyte Software to cross-verify your projections. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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Is Cognyte Software'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 Cognyte Software. If investors know Cognyte 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 Cognyte Software 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 Cognyte Software is measured differently than its book value, which is the value of Cognyte that is recorded on the company's balance sheet. Investors also form their own opinion of Cognyte Software's value that differs from its market value or its book value, called intrinsic value, which is Cognyte Software'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 Cognyte Software's market value can be influenced by many factors that don't directly affect Cognyte Software'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 Cognyte Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Cognyte Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognyte Software'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.