Impinj Stock Forward View - Simple Regression
| PI Stock | USD 98.64 -0.65 -0.65% |
The Simple Regression forecast shown here for Impinj is reference data produced from the equity's historical price series. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Simple Regression forecasted value of Impinj Inc on the next trading day is projected to be 88.68 with a mean absolute deviation of 11.28 and the sum of the absolute errors of 699.28.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Impinj Inc historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. This Simple Regression reference page for Impinj presents model-generated projections from historical price data for informational purposes. Simple Regression Price Forecast For the 20th of March
Given 90 days horizon, the Simple Regression forecasted value of Impinj Inc on the next trading day is expected to be 88.68 with a mean absolute deviation of 11.28 , mean absolute percentage error of 209.56 , and the sum of the absolute errors of 699.28 .Please note that although there have been many attempts to predict Impinj 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 Impinj's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Impinj | Impinj Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Impinj Inc uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The projected forecast band currently runs from roughly 82.99 on the downside to about 94.37 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Impinj stock data series using in forecasting. Note that when a statistical model is used to represent Impinj 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 | 125.2934 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 11.2788 |
| MAPE | Mean absolute percentage error | 0.0781 |
| SAE | Sum of the absolute errors | 699.2836 |
Other Forecasting Options for Impinj
Regardless of investment experience, understanding Impinj's price movement is essential for anyone considering a position in Impinj. Price charts for Impinj Stock are often filled with noise that can lead to poor investment choices if not properly filtered.Impinj Related Equities
The following equities are related to Impinj within the Information Technology space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Impinj against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Impinj Market Strength Events
Market strength indicators for Impinj give investors insight into the stock's responsiveness to broader market forces. Tracking these indicators helps investors make informed timing decisions and identify periods where trading Impinj is likely to be most rewarding.
| Accumulation Distribution | 22652.66 | |||
| Daily Balance Of Power | -0.17 | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 98.96 | |||
| Day Typical Price | 98.85 | |||
| Price Action Indicator | -0.65 | |||
| Period Momentum Indicator | -0.65 |
Impinj Risk Indicators
A thorough review of Impinj's risk indicators is an important first step in forecasting its price and managing investment exposure. This analysis helps investors determine the appropriate level of risk to accept when holding Impinj's.
| Mean Deviation | 4.13 | |||
| Standard Deviation | 5.59 | |||
| Variance | 31.2 |
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 Impinj
A coverage review of Impinj Inc helps investors see when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Contributor Headline
Latest Perspective From Macroaxis
Impinj Short Properties
A short-interest review of Impinj Inc helps investors understand whether skepticism in the market is becoming more influential. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 29.3 M | |
| Cash And Short Term Investments | 175.3 M |