Profound Medical Stock Forward View - Simple Regression
| PROF Stock | USD 5.16 -0.31 -5.67% |
The forecast reference data for Profound Medical on this page is generated using Simple Regression applied to historical price observations. Projected values and error measures are included as reference material.
The Simple Regression forecasted value of Profound Medical Corp on the next trading day is expected to be 5.98 with a mean absolute deviation of 0.56 and the sum of the absolute errors of 34.36.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 Profound Medical Corp historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. The Simple Regression reference values for Profound Medical are derived from publicly available price data and should be used for informational purposes only. Simple Regression Price Forecast For the 20th of March
Given 90 days horizon, the Simple Regression forecasted value of Profound Medical Corp on the next trading day is expected to be 5.98 with a mean absolute deviation of 0.56 , mean absolute percentage error of 0.40 , and the sum of the absolute errors of 34.36 .Please note that although there have been many attempts to predict Profound 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 Profound Medical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Profound Medical | Profound Medical Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Profound Medical's predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 0.74 and upside around 11.21 for the forecasting period.
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 Profound Medical stock data series using in forecasting. Note that when a statistical model is used to represent Profound Medical 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 | 117.1976 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5633 |
| MAPE | Mean absolute percentage error | 0.0815 |
| SAE | Sum of the absolute errors | 34.3599 |
Other Forecasting Options for Profound Medical
Investors at all stages of experience who consider Profound must develop an understanding of Profound Medical's price dynamics. The noise embedded in Profound Stock price charts can create misleading signals and skew investment decisions.Profound Medical Related Equities
The following equities are related to Profound Medical within the Health Care space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Profound Medical 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 |
Profound Medical Market Strength Events
Market strength indicators applied to Profound Medical stock give investors a structured view of the security's momentum relative to the overall market. Using these indicators, traders can refine their timing when entering or exiting positions in Profound Medical Corp.
Profound Medical Risk Indicators
Evaluating Profound Medical's risk indicators is an important step in accurately forecasting its price and assessing the suitability of an investment. Understanding the risk profile of Profound Medical's allows investors to make more informed decisions about position sizing and risk.
| Mean Deviation | 3.26 | |||
| Standard Deviation | 5.24 | |||
| Variance | 27.41 |
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 Profound Medical
Coverage intensity for Profound Medical Corp matters because narrative visibility can influence sentiment, participation, and volatility around the name. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Profound Medical Short Properties
Short sentiment tied to Profound Medical Corp matters because heavier bearish pressure can change how quickly future price expectations become unstable. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 30.2 M | |
| Cash And Short Term Investments | 81.8 M |