Purecycle Technologies Stock Forward View - Simple Moving Average
| PCT Stock | USD 5.42 -0.47 -7.98% |
Purecycle Technologies Holdings's Simple Moving Average 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 Purecycle Technologies. This page is updated as new daily closing prices become available for Purecycle Technologies.
The Simple Moving Average forecasted value of Purecycle Technologies Holdings on the next trading day is expected to be 5.65 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 22.01.The simple moving average model is conceptually a linear regression of the current value of Purecycle Technologies Holdings price series against current and previous (unobserved) value of Purecycle Technologies. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future All Simple Moving Average forecast figures shown for Purecycle Technologies Holdings are reference data reflecting model output based on available historical prices. Simple Moving Average Price Forecast For the 25th of March
Given 90 days horizon, the Simple Moving Average forecasted value of Purecycle Technologies Holdings on the next trading day is expected to be 5.65 with a mean absolute deviation of 0.37 , mean absolute percentage error of 0.27 , and the sum of the absolute errors of 22.01 .Please note that although there have been many attempts to predict Purecycle 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 Purecycle Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Purecycle Technologies | Purecycle Technologies Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Purecycle Technologies Holdings uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 0.29 and upside near 11.02.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Purecycle Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Purecycle Technologies 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 | 113.1386 |
| Bias | Arithmetic mean of the errors | 0.0897 |
| MAD | Mean absolute deviation | 0.3731 |
| MAPE | Mean absolute percentage error | 0.0447 |
| SAE | Sum of the absolute errors | 22.01 |
Other Forecasting Options for Purecycle Technologies
Bollinger Bands applied to Purecycle Stock price data measure how far Purecycle has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Purecycle Technologies' price data. On-balance volume for Purecycle Stock creates a running indicator of buying versus selling pressure in Purecycle. Price departures from the channel boundary often mean-revert, offering tactical signals for Purecycle Technologies'.Purecycle Technologies Related Equities
Purecycle Technologies's market space within the Materials space is best grasped by looking at the firms listed below. Growth rate gaps between Purecycle Technologies and its peers often explain pricing differences in the market. A stock that beats its peers on many metrics often deserves a closer look from value-focused investors.
| Risk & Return | Correlation |
Purecycle Technologies Market Strength Events
For investors tracking Purecycle Technologies Holdings, market strength indicators offer quantitative evaluation of stock behavior. These indicators add context to timing decisions around Purecycle Technologies Holdings positions. These indicators capture shifts in momentum that may precede significant price moves in Purecycle Technologies. These metrics provide actionable context for both entry and risk management decisions around Purecycle Technologies Holdings.
| Rate Of Daily Change | 0.92 | |||
| Day Median Price | 5.42 | |||
| Day Typical Price | 5.42 | |||
| Price Action Indicator | -0.23 | |||
| Period Momentum Indicator | -0.47 | |||
| Relative Strength Index | 36.6 |
Purecycle Technologies Risk Indicators
Analyzing Purecycle Technologies' basic risk indicators provides investors with a structured view of the risk-return trade-off for purecycle stock. By identifying the level of risk embedded in Purecycle Technologies' investment, investors can make informed decisions about position sizing. Analyzing Purecycle Technologies' risk indicators gives investors important context for price forecasting. Understanding the risk in Purecycle Technologies' investment allows investors to make informed choices about mitigating exposure.
| Mean Deviation | 3.94 | |||
| Standard Deviation | 5.74 | |||
| Variance | 32.9 |
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 Purecycle Technologies
Coverage intensity for Purecycle Technologies Holdings 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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Purecycle Technologies Short Properties
Reviewing short-oriented indicators for Purecycle Technologies Holdings 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 | 180.4 M | |
| Cash And Short Term Investments | 170.3 M |
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