Proto Labs Stock Forecast - Triple Exponential Smoothing
| PRLB Stock | USD 55.19 0.24 0.43% |
The Triple Exponential Smoothing forecasted value of Proto Labs on the next trading day is expected to be 55.37 with a mean absolute deviation of 0.89 and the sum of the absolute errors of 52.49. Proto Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Proto Labs stock prices and determine the direction of Proto Labs's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Proto Labs' historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength index (rsi) of Proto Labs' share price is below 20 indicating that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Proto Labs hype-based prediction, you can estimate the value of Proto Labs from the perspective of Proto Labs response to recently generated media hype and the effects of current headlines on its competitors.
The Triple Exponential Smoothing forecasted value of Proto Labs on the next trading day is expected to be 55.37 with a mean absolute deviation of 0.89 and the sum of the absolute errors of 52.49. Proto Labs after-hype prediction price | USD 55.24 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Proto Labs to cross-verify your projections. Proto Labs Additional Predictive Modules
Most predictive techniques to examine Proto price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Proto using various technical indicators. When you analyze Proto charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Proto Labs Triple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Proto Labs on the next trading day is expected to be 55.37 with a mean absolute deviation of 0.89, mean absolute percentage error of 1.40, and the sum of the absolute errors of 52.49.Please note that although there have been many attempts to predict Proto Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Proto Labs' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Proto Labs Stock Forecast Pattern
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Proto Labs Forecasted Value
In the context of forecasting Proto Labs' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Proto Labs' downside and upside margins for the forecasting period are 52.94 and 57.80, respectively. We have considered Proto Labs' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Proto Labs stock data series using in forecasting. Note that when a statistical model is used to represent Proto Labs 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.1841 |
| MAD | Mean absolute deviation | 0.8897 |
| MAPE | Mean absolute percentage error | 0.0173 |
| SAE | Sum of the absolute errors | 52.4932 |
Predictive Modules for Proto Labs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Proto Labs. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Proto Labs After-Hype Price Prediction Density Analysis
As far as predicting the price of Proto Labs at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Proto Labs or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Proto Labs, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Proto Labs Estimiated After-Hype Price Volatility
In the context of predicting Proto Labs' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Proto Labs' historical news coverage. Proto Labs' after-hype downside and upside margins for the prediction period are 52.83 and 57.65, respectively. We have considered Proto Labs' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Proto Labs is very steady at this time. Analysis and calculation of next after-hype price of Proto Labs is based on 3 months time horizon.
Proto Labs Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Proto Labs is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Proto Labs backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Proto Labs, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 2.43 | 0.00 | 0.02 | 0 Events / Month | 1 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
55.19 | 55.24 | 0.09 |
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Proto Labs Hype Timeline
Proto Labs is at this time traded for 55.19. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.02. Proto is expected to increase in value after the next headline, with the price projected to jump to 55.24 or above. The average volatility of media hype impact on the company the price is insignificant. The price jump on the next news is projected to be 0.09%, whereas the daily expected return is at this time at 0.01%. The volatility of related hype on Proto Labs is about 146.03%, with the expected price after the next announcement by competition of 55.17. The company reported the previous year's revenue of 500.89 M. Net Income was 16.59 M with profit before overhead, payroll, taxes, and interest of 228.72 M. Given the investment horizon of 90 days the next expected press release will be within a week. Check out Historical Fundamental Analysis of Proto Labs to cross-verify your projections.Proto Labs Related Hype Analysis
Having access to credible news sources related to Proto Labs' direct competition is more important than ever and may enhance your ability to predict Proto Labs' future price movements. Getting to know how Proto Labs' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Proto Labs may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CRAI | CRA International | (10.52) | 2 per month | 1.70 | 0.07 | 3.15 | (3.01) | 9.24 | |
| GBX | Greenbrier Companies | 0.00 | 0 per month | 2.42 | 0.06 | 3.10 | (1.94) | 15.67 | |
| HSII | Heidrick Struggles International | 0.00 | 0 per month | 0.00 | (0.31) | 0.19 | (0.07) | 0.74 | |
| CCEC | Capital Clean Energy | 0.00 | 0 per month | 2.22 | (0.03) | 3.21 | (3.83) | 8.72 | |
| BV | BrightView Holdings | (7.48) | 4 per month | 1.30 | (0.04) | 3.02 | (2.08) | 5.82 | |
| EVEX | Eve Holding | 0.00 | 0 per month | 3.18 | 0 | 5.46 | (5.43) | 19.07 | |
| JBI | Janus International Group | 0.00 | 0 per month | 0.00 | (0.15) | 3.52 | (3.21) | 26.72 | |
| LNN | Lindsay | 0.00 | 0 per month | 1.64 | 0.05 | 2.78 | (2.98) | 8.40 | |
| RHLD | Resolute Holdings Management | 1.36 | 10 per month | 3.82 | 0.14 | 8.69 | (8.62) | 108.61 | |
| CTOS | Custom Truck One | 0.00 | 0 per month | 0.00 | (0.04) | 5.24 | (3.69) | 15.80 |
Other Forecasting Options for Proto Labs
For every potential investor in Proto, whether a beginner or expert, Proto Labs' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Proto Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Proto. Basic forecasting techniques help filter out the noise by identifying Proto Labs' price trends.Proto Labs Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Proto Labs stock to make a market-neutral strategy. Peer analysis of Proto Labs could also be used in its relative valuation, which is a method of valuing Proto Labs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Proto Labs Market Strength Events
Market strength indicators help investors to evaluate how Proto Labs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Proto Labs shares will generate the highest return on investment. By undertsting and applying Proto Labs stock market strength indicators, traders can identify Proto Labs entry and exit signals to maximize returns.
Proto Labs Risk Indicators
The analysis of Proto Labs' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Proto Labs' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proto stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.62 | |||
| Semi Deviation | 2.53 | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.91 | |||
| Downside Variance | 6.62 | |||
| Semi Variance | 6.39 | |||
| Expected Short fall | (1.66) |
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 Proto Labs
The number of cover stories for Proto Labs depends on current market conditions and Proto Labs' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Proto Labs is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Proto Labs' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Proto Labs Short Properties
Proto Labs' future price predictability will typically decrease when Proto Labs' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Proto Labs often depends not only on the future outlook of the potential Proto Labs' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Proto Labs' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25.2 M | |
| Cash And Short Term Investments | 103.1 M |
Check out Historical Fundamental Analysis of Proto Labs to cross-verify your projections. For information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Proto Labs. If investors know Proto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Proto Labs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Proto Labs is measured differently than its book value, which is the value of Proto that is recorded on the company's balance sheet. Investors also form their own opinion of Proto Labs' value that differs from its market value or its book value, called intrinsic value, which is Proto Labs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Proto Labs' market value can be influenced by many factors that don't directly affect Proto Labs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Proto Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Proto Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proto Labs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.