PureTech Health Stock Forward View - Simple Moving Average
| PRTC Stock | USD 15.89 -0.36 -2.22% |
PureTech Health PLC's Simple Moving Average forecast reference data is generated from the equity's historical trading prices. This page presents the model output and associated accuracy measures as reference information.
The Simple Moving Average forecasted value of PureTech Health PLC on the next trading day is expected to be 15.89 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 20.94.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 The Simple Moving Average projections for PureTech Health PLC are reference data based on historical daily prices and are provided as informational context. Simple Moving Average Price Forecast For the 23rd 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 15.89 with a mean absolute deviation of 0.35 , mean absolute percentage error of 0.23 , and the sum of the absolute errors of 20.94 .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
The next-day forecast for PureTech Health PLC focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The projected forecast band currently runs from roughly 13.31 on the downside to about 18.47 on the upside.
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 | 112.956 |
| Bias | Arithmetic mean of the errors | 0.022 |
| MAD | Mean absolute deviation | 0.3549 |
| MAPE | Mean absolute percentage error | 0.0201 |
| SAE | Sum of the absolute errors | 20.94 |
Other Forecasting Options for PureTech Health
The price trajectory of PureTech is the primary concern for any investor assessing it as an opportunity. PureTech Stock price charts are filled with noise that can easily mislead uninformed investment decisions.PureTech Health Related Equities
The following equities are related to PureTech Health within the Health Care space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing PureTech Health 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 |
PureTech Health Market Strength Events
Understanding the market strength of PureTech Health stock enables investors to assess the security's momentum and responsiveness to broader market forces. These indicators are essential tools for timing trades in PureTech Health PLC with greater precision.
PureTech Health Risk Indicators
Reviewing PureTech Health's basic risk indicators is essential for investors who want to forecast its price and manage their investment risk effectively. This analysis helps identify the amount of risk involved in holding PureTech Health's and informs decisions about hedging and position.
| Mean Deviation | 1.77 | |||
| Standard Deviation | 2.56 | |||
| Variance | 6.57 |
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. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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PureTech Health Short Properties
Short sentiment tied to PureTech Health PLC 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 | 27 M | |
| Cash And Short Term Investments | 367.3 M |