PureTech Health Stock Forward View - Simple Moving Average
| PRTC Stock | 114.00 -1.60 -1.38% |
The Simple Moving Average forecast shown here for PureTech Health is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Simple Moving Average forecasted value of PureTech Health plc on the next trading day is expected to be 114.80 with a mean absolute deviation of 1.79 and the sum of the absolute errors of 105.70.The simple moving average model is conceptually a linear regression of the current value of PureTech Health plc price series against current and previous (unobserved) value of PureTech Health. 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 This Simple Moving Average reference page for PureTech Health presents model-generated projections from historical price data for informational purposes. Simple Moving Average Price Forecast For the 24th of March
Given 90 days horizon, the Simple Moving Average forecasted value of PureTech Health plc on the next trading day is expected to be 114.80 with a mean absolute deviation of 1.79 , mean absolute percentage error of 4.36 , and the sum of the absolute errors of 105.70 .Please note that although there have been many attempts to predict PureTech 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 PureTech Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest PureTech Health | PureTech Health Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for PureTech Health plc uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
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 PureTech Health stock data series using in forecasting. Note that when a statistical model is used to represent PureTech Health 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 | 115.9078 |
| Bias | Arithmetic mean of the errors | 0.3237 |
| MAD | Mean absolute deviation | 1.7915 |
| MAPE | Mean absolute percentage error | 0.0141 |
| SAE | Sum of the absolute errors | 105.7 |
Other Forecasting Options for PureTech Health
The distribution of PureTech Health's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in PureTech Health's chart that simple price charts miss.PureTech Health Related Equities
The peer firms below within the Health Care space can help frame PureTech Health's pricing and running costs in context. Growth rate gaps between PureTech Health and its peers often explain pricing differences in the market. Sector-wide trends across this peer group can help split company-level factors from broader forces. Tracking PureTech Health's results against these peers over time helps spot rising trends early.
| Risk & Return | Correlation |
PureTech Health Market Strength Events
Market strength indicators for PureTech Health give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in PureTech Health plc.
PureTech Health Risk Indicators
A thorough review of PureTech Health's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in PureTech Health's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 1.2 | |||
| Standard Deviation | 1.49 | |||
| Variance | 2.23 |
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 PureTech Health
Coverage intensity for PureTech Health plc matters because narrative visibility can influence sentiment, participation, and volatility around the name. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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
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PureTech Health Short Properties
Reviewing short-oriented indicators for PureTech Health plc is useful because long and short participants often create very different signals for timing and volatility. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 269.7 M | |
| Cash And Short Term Investments | 367.3 M |
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