Kinaxis Stock Forward View
| KXS Stock | CAD 137.72 1.17 0.86% |
The Naive Prediction forecast shown here for Kinaxis 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 Kinaxis on the next trading day is expected to be 128.57 with a mean absolute deviation of 3.20 and the sum of the absolute errors of 195.27.This model is not at all useful as a medium-long range forecasting tool of Kinaxis. 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 Kinaxis. 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 Kinaxis presents model-generated projections from historical price data for informational purposes. Naive Prediction Price Forecast For the 23rd of March
Given 90 days horizon, the Naive Prediction forecasted value of Kinaxis on the next trading day is expected to be 128.57 with a mean absolute deviation of 3.20 , mean absolute percentage error of 16.12 , and the sum of the absolute errors of 195.27 .Please note that although there have been many attempts to predict Kinaxis 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 Kinaxis' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Kinaxis | Kinaxis Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Kinaxis focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 126.13 and upside around 131.01 for the forecasting period.
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 Kinaxis stock data series using in forecasting. Note that when a statistical model is used to represent Kinaxis 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 | 120.8908 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.2011 |
| MAPE | Mean absolute percentage error | 0.0223 |
| SAE | Sum of the absolute errors | 195.2697 |
Other Forecasting Options for Kinaxis
The distribution of Kinaxis' daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Kinaxis' chart that simple price charts miss.Kinaxis Related Equities
These stocks are related to Kinaxis within the Information Technology space and can be used for peer review, pricing, or spreading risk. Growth rate gaps between Kinaxis and its peers often explain pricing differences in the market. Firms that trade at big discounts to peers on core metrics may be worth more research.
| Risk & Return | Correlation |
Kinaxis Market Strength Events
Market strength indicators for Kinaxis give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Kinaxis.
Kinaxis Risk Indicators
A thorough review of Kinaxis' risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Kinaxis' allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 1.78 | |||
| Standard Deviation | 2.44 | |||
| Variance | 5.96 |
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 Kinaxis
Story coverage around Kinaxis often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. A disciplined read of coverage separates durable relevance from temporary noise.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
Story Categories
Currently Trending Categories
Kinaxis Short Properties
A short-interest review of Kinaxis provides context for understanding whether skepticism in the market is becoming more influential. 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 | 28.8 M | |
| Cash And Short Term Investments | 324.1 M |
More Resources for Kinaxis Stock Analysis
Other Information on Investing in Kinaxis Stock
At Kinaxis, financial ratios outline links between core financial data. It keeps financial comparisons aligned across time frames.