Bluejay Diagnostics Stock Forward View - Simple Exponential Smoothing
| BJDX Stock | USD 1.96 -0.05 -2.49% |
Bluejay Diagnostics's Simple Exponential Smoothing reference page covers the model's projected value and error measures from recent price data. The forecast output and associated deviation metrics are shown for informational use. The model is fitted to available historical daily prices for Bluejay Diagnostics. This page is updated as new daily closing prices become available for Bluejay Diagnostics.
The Simple Exponential Smoothing forecasted value of Bluejay Diagnostics on the next trading day is expected to be 1.97 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.71.This simple exponential smoothing model begins by setting Bluejay Diagnostics forecast for the second period equal to the observation of the first period. In other words, recent Bluejay Diagnostics observations are given relatively more weight in forecasting than the older observations. All Simple Exponential Smoothing forecast figures shown for Bluejay Diagnostics are reference data reflecting model output based on available historical prices. Simple Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Bluejay Diagnostics on the next trading day is expected to be 1.97 with a mean absolute deviation of 0.11 , mean absolute percentage error of 0.03 , and the sum of the absolute errors of 6.71 .Please note that although there have been many attempts to predict Bluejay Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Bluejay Diagnostics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates Bluejay Diagnostics' predictive range by looking for statistically meaningful downside and upside boundaries. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Bluejay Diagnostics stock data series using in forecasting. Note that when a statistical model is used to represent Bluejay Diagnostics 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 | 112.7451 |
| Bias | Arithmetic mean of the errors | 0.0169 |
| MAD | Mean absolute deviation | 0.1118 |
| MAPE | Mean absolute percentage error | 0.0417 |
| SAE | Sum of the absolute errors | 6.7094 |
Other Forecasting Options for Bluejay Diagnostics
Bollinger Bands applied to Bluejay Stock price data measure how far Bluejay has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Bluejay Diagnostics' price data. On-balance volume for Bluejay Stock creates a running indicator of buying versus selling pressure in Bluejay. Price departures from the channel boundary often mean-revert, offering tactical signals for Bluejay Diagnostics'.Bluejay Diagnostics Related Equities
These stocks are related to Bluejay Diagnostics within the Health Care space and can be used for peer review, pricing, or spreading risk. Market cap and total value checks frame Bluejay Diagnostics' size within the competitive field.
| Risk & Return | Correlation |
Bluejay Diagnostics Market Strength Events
For investors tracking Bluejay Diagnostics, market strength indicators offer quantitative evaluation of stock behavior. These indicators add context to timing decisions around Bluejay Diagnostics positions. These indicators capture shifts in momentum that may precede significant price moves in Bluejay Diagnostics. These metrics provide actionable context for both entry and risk management decisions around Bluejay Diagnostics.
| Accumulation Distribution | 108.98 | |||
| Daily Balance Of Power | -1.00 | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 1.94 | |||
| Day Typical Price | 1.94 | |||
| Period Momentum Indicator | -0.05 | |||
| Relative Strength Index | 42.08 |
Bluejay Diagnostics Risk Indicators
Analyzing Bluejay Diagnostics' basic risk indicators provides investors with a structured view of the risk-return trade-off for bluejay stock. By identifying the level of risk embedded in Bluejay Diagnostics' investment, investors can make informed decisions about position sizing. Analyzing Bluejay Diagnostics' risk indicators gives investors important context for price forecasting. Understanding the risk in Bluejay Diagnostics' investment allows investors to make informed choices about mitigating exposure.
| Mean Deviation | 4.13 | |||
| Standard Deviation | 6.11 | |||
| Variance | 37.37 |
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.
Story Coverage note for Bluejay Diagnostics
A coverage review of Bluejay Diagnostics shows when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage separates durable relevance from temporary noise.
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Bluejay Diagnostics Short Properties
Short sentiment tied to Bluejay Diagnostics matters because heavier bearish pressure can change how quickly future price expectations become unstable. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 449 K | |
| Cash And Short Term Investments | 5.2 M |