Ensysce Biosciences Stock Forward View
| ENSC Stock | USD 0.56 -0.03 -5.46% |
The Naive Prediction forecast shown here for Ensysce Biosciences is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Naive Prediction forecasted value of Ensysce Biosciences on the next trading day is expected to be 0.48 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.55.This model is not at all useful as a medium-long range forecasting tool of Ensysce Biosciences. 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 Ensysce Biosciences. 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. This Naive Prediction reference page for Ensysce Biosciences presents model-generated projections from historical price data for informational purposes. Ensysce Biosciences Cash Forecast
Analysts forecasting Ensysce Biosciences' cash flows use statistical models that capture seasonal patterns. Revenue growth rates, margin trends, and working capital efficiency drive the modeling of Ensysce Biosciences' cash evolution.
Cash | First Reported 2017-12-31 | Previous Quarter 2.2 M | Current Value 1.7 M | Quarterly Volatility 2.8 M |
Macro event markers
Naive Prediction Price Forecast For the 25th of March
Given 90 days horizon, the Naive Prediction forecasted value of Ensysce Biosciences on the next trading day is expected to be 0.48 with a mean absolute deviation of 0.06 , mean absolute percentage error of 0.0049 , and the sum of the absolute errors of 3.55 .Please note that although there have been many attempts to predict Ensysce 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 Ensysce Biosciences' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Ensysce Biosciences | Ensysce Biosciences Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Ensysce Biosciences focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 0.01 and upside near 12.28.
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 Ensysce Biosciences stock data series using in forecasting. Note that when a statistical model is used to represent Ensysce Biosciences 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 | 112.7978 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0582 |
| MAPE | Mean absolute percentage error | 0.0983 |
| SAE | Sum of the absolute errors | 3.5507 |
Other Forecasting Options for Ensysce Biosciences
The distribution of Ensysce Biosciences' daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Ensysce Biosciences' chart that simple price charts miss.Ensysce Biosciences Related Equities
These stocks within the Health Care space are often compared to Ensysce Biosciences by analysts and fund managers in the sector. Checking Ensysce Biosciences against peers on P/E, margins, and return on equity helps put its position in context.
| Risk & Return | Correlation |
Ensysce Biosciences Market Strength Events
Market strength indicators for Ensysce Biosciences give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Ensysce Biosciences.
Ensysce Biosciences Risk Indicators
A thorough review of Ensysce Biosciences' risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Ensysce Biosciences' allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 6.7 | |||
| Standard Deviation | 11.32 | |||
| Variance | 128.07 |
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 Ensysce Biosciences
Coverage intensity for Ensysce Biosciences matters because narrative visibility can influence sentiment, participation, and volatility around the name. A disciplined read of coverage separates durable relevance from temporary noise.
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Ensysce Biosciences Short Properties
Reviewing short-oriented indicators for Ensysce Biosciences is useful because long and short participants often create very different signals for timing and volatility. 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 | 1.7 M | |
| Cash And Short Term Investments | 3.5 M |