EXACT Sciences Stock Forward View - Polynomial Regression
| EXAS Stock | USD 104.94 0.00 0.00% |
This reference page presents Polynomial Regression forecast data for EXACT Sciences. The projected values and error metrics are presented below as reference information.
The Polynomial Regression forecasted value of EXACT Sciences on the next trading day is expected to be 104.54 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.71.A single variable polynomial regression model attempts to put a curve through the EXACT Sciences historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm This Polynomial Regression forecast data for EXACT Sciences is sourced from the most recent available trading data and is intended solely as reference information. Polynomial Regression Price Forecast For the 24th of March
Given 90 days horizon, the Polynomial Regression forecasted value of EXACT Sciences on the next trading day is expected to be 104.54 with a mean absolute deviation of 0.22 , mean absolute percentage error of 0.08 , and the sum of the absolute errors of 13.71 .Please note that although there have been many attempts to predict EXACT 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 EXACT Sciences' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest EXACT Sciences | EXACT Sciences Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for EXACT Sciences focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 104.34 and upside around 104.74 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of EXACT Sciences stock data series using in forecasting. Note that when a statistical model is used to represent EXACT Sciences 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 | 115.5235 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2247 |
| MAPE | Mean absolute percentage error | 0.0022 |
| SAE | Sum of the absolute errors | 13.7097 |
Other Forecasting Options for EXACT Sciences
EXACT Sciences' daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in EXACT often signals an upcoming reversal or acceleration.EXACT Sciences Related Equities
These stocks are related to EXACT Sciences within the Health Care space and can be used for peer review, pricing, or spreading risk. Peer review on balance sheet metrics shows how EXACT Sciences' capital structure stacks up against similar firms. Peer review is most useful when paired with absolute pricing and trend checks. Use these checks as a starting point for deeper study of EXACT Sciences' strengths and weak spots.
| Risk & Return | Correlation |
EXACT Sciences Market Strength Events
Market strength indicators help investors evaluate how EXACT Sciences stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading EXACT Sciences.
| Accumulation Distribution | 8.0E-4 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 104.94 | |||
| Day Typical Price | 104.94 | |||
| Market Facilitation Index | 0.08 | |||
| Relative Strength Index | 72.72 |
EXACT Sciences Risk Indicators
The analysis of EXACT Sciences' basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding EXACT Sciences' allows investors to make informed decisions about their exposure.
| Mean Deviation | 0.1438 | |||
| Standard Deviation | 0.2061 | |||
| Variance | 0.0425 | |||
| Downside Variance | 0.0277 | |||
| Semi Variance | -0.03 | |||
| Expected Short fall | -0.16 |
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 EXACT Sciences
Coverage intensity for EXACT Sciences matters because narrative visibility can influence sentiment, participation, and volatility around the name. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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EXACT Sciences Short Properties
Reviewing short-oriented indicators for EXACT Sciences is useful because long and short participants often create very different signals for timing and volatility. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 188.7 M | |
| Cash And Short Term Investments | 964.7 M |
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