Sandisk Corp Stock Forecast - Naive Prediction
| SNDK Stock | 349.63 75.55 27.56% |
The Naive Prediction forecasted value of Sandisk Corp on the next trading day is expected to be 314.44 with a mean absolute deviation of 13.56 and the sum of the absolute errors of 827.43. Sandisk Stock Forecast is based on your current time horizon.
As of now the relative strength index (rsi) of Sandisk Corp's share price is below 20 . This usually implies 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 Sandisk Corp hype-based prediction, you can estimate the value of Sandisk Corp from the perspective of Sandisk Corp response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Sandisk Corp on the next trading day is expected to be 314.44 with a mean absolute deviation of 13.56 and the sum of the absolute errors of 827.43. Sandisk Corp after-hype prediction price | USD 278.09 |
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 Sandisk Corp to cross-verify your projections. Sandisk Corp Additional Predictive Modules
Most predictive techniques to examine Sandisk price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Sandisk using various technical indicators. When you analyze Sandisk 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sandisk Corp Naive Prediction Price Forecast For the 7th of January
Given 90 days horizon, the Naive Prediction forecasted value of Sandisk Corp on the next trading day is expected to be 314.44 with a mean absolute deviation of 13.56, mean absolute percentage error of 310.62, and the sum of the absolute errors of 827.43.Please note that although there have been many attempts to predict Sandisk 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 Sandisk Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sandisk Corp Stock Forecast Pattern
| Backtest Sandisk Corp | Sandisk Corp Price Prediction | Buy or Sell Advice |
Sandisk Corp Forecasted Value
In the context of forecasting Sandisk Corp's 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. Sandisk Corp's downside and upside margins for the forecasting period are 306.20 and 322.69, respectively. We have considered Sandisk Corp's 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Sandisk Corp stock data series using in forecasting. Note that when a statistical model is used to represent Sandisk Corp 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 | 123.8491 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 13.5645 |
| MAPE | Mean absolute percentage error | 0.0616 |
| SAE | Sum of the absolute errors | 827.4324 |
Predictive Modules for Sandisk Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sandisk Corp. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sandisk Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Sandisk Corp
For every potential investor in Sandisk, whether a beginner or expert, Sandisk Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sandisk Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sandisk. Basic forecasting techniques help filter out the noise by identifying Sandisk Corp's price trends.Sandisk Corp 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 Sandisk Corp stock to make a market-neutral strategy. Peer analysis of Sandisk Corp could also be used in its relative valuation, which is a method of valuing Sandisk Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sandisk Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Sandisk Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Sandisk Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sandisk Corp Market Strength Events
Market strength indicators help investors to evaluate how Sandisk Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sandisk Corp shares will generate the highest return on investment. By undertsting and applying Sandisk Corp stock market strength indicators, traders can identify Sandisk Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 4.3 M | |||
| Daily Balance Of Power | 1.189764 | |||
| Rate Of Daily Change | 1.28 | |||
| Day Median Price | 320.25 | |||
| Day Typical Price | 330.04 | |||
| Price Action Indicator | 67.16 | |||
| Period Momentum Indicator | 75.55 |
Sandisk Corp Risk Indicators
The analysis of Sandisk Corp's 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 Sandisk Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sandisk 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 | 6.17 | |||
| Semi Deviation | 5.78 | |||
| Standard Deviation | 8.25 | |||
| Variance | 68.0 | |||
| Downside Variance | 43.91 | |||
| Semi Variance | 33.46 | |||
| Expected Short fall | (7.76) |
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.
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Try AI Portfolio ProphetCheck out Historical Fundamental Analysis of Sandisk Corp to cross-verify your projections. For more information on how to buy Sandisk Stock please use our How to buy in Sandisk Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Technology Hardware, Storage & Peripherals 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 Sandisk Corp. If investors know Sandisk 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 Sandisk Corp 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 Sandisk Corp is measured differently than its book value, which is the value of Sandisk that is recorded on the company's balance sheet. Investors also form their own opinion of Sandisk Corp's value that differs from its market value or its book value, called intrinsic value, which is Sandisk Corp's 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 Sandisk Corp's market value can be influenced by many factors that don't directly affect Sandisk Corp's 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 Sandisk Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sandisk Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sandisk Corp's 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.