Argenx NV Stock Forecast - Naive Prediction
| ARGX Stock | USD 365.81 10.79 2.87% |
The Naive Prediction forecasted value of argenx NV ADR on the next trading day is expected to be 350.68 with a mean absolute deviation of 7.93 and the sum of the absolute errors of 483.67. Argenx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Argenx NV stock prices and determine the direction of argenx NV ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Argenx NV's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Argenx NV's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Argenx NV's systematic risk associated with finding meaningful patterns of Argenx NV fundamentals over time.
Check out Historical Fundamental Analysis of Argenx NV to cross-verify your projections. Argenx |
Open Interest Against 2024-06-21 Argenx Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Argenx NV's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Argenx NV's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Argenx NV stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Argenx NV's open interest, investors have to compare it to Argenx NV's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Argenx NV is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Argenx. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Argenx NV cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Argenx NV's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Argenx NV's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Argenx NV is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of argenx NV ADR value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. Argenx NV Naive Prediction Price Forecast For the 21st of May
Given 90 days horizon, the Naive Prediction forecasted value of argenx NV ADR on the next trading day is expected to be 350.68 with a mean absolute deviation of 7.93, mean absolute percentage error of 110.19, and the sum of the absolute errors of 483.67.Please note that although there have been many attempts to predict Argenx 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 Argenx NV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Argenx NV Stock Forecast Pattern
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Argenx NV Forecasted Value
In the context of forecasting Argenx NV'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. Argenx NV's downside and upside margins for the forecasting period are 348.43 and 352.93, respectively. We have considered Argenx NV'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 Argenx NV stock data series using in forecasting. Note that when a statistical model is used to represent Argenx NV 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 | 122.8127 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 7.929 |
| MAPE | Mean absolute percentage error | 0.0209 |
| SAE | Sum of the absolute errors | 483.6719 |
Predictive Modules for Argenx NV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as argenx NV ADR. 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 Argenx NV'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 Argenx NV
For every potential investor in Argenx, whether a beginner or expert, Argenx NV's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Argenx Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Argenx. Basic forecasting techniques help filter out the noise by identifying Argenx NV's price trends.Argenx NV 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 Argenx NV stock to make a market-neutral strategy. Peer analysis of Argenx NV could also be used in its relative valuation, which is a method of valuing Argenx NV by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
argenx NV ADR 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 Argenx NV'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 Argenx NV's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Argenx NV Market Strength Events
Market strength indicators help investors to evaluate how Argenx NV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Argenx NV shares will generate the highest return on investment. By undertsting and applying Argenx NV stock market strength indicators, traders can identify argenx NV ADR entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0321 | |||
| Daily Balance Of Power | (0.89) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 370.28 | |||
| Day Typical Price | 368.79 | |||
| Market Facilitation Index | 12.08 | |||
| Price Action Indicator | (9.87) | |||
| Period Momentum Indicator | (10.79) | |||
| Relative Strength Index | 43.51 |
Argenx NV Risk Indicators
The analysis of Argenx NV'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 Argenx NV's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting argenx 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 | 1.41 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.93 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether argenx NV ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Argenx NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Argenx Nv Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Argenx Nv Adr Stock:Check out Historical Fundamental Analysis of Argenx NV to cross-verify your projections. Note that the argenx NV ADR information on this page should be used as a complementary analysis to other Argenx NV's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Argenx Stock analysis
When running Argenx NV's price analysis, check to measure Argenx NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Argenx NV is operating at the current time. Most of Argenx NV's value examination focuses on studying past and present price action to predict the probability of Argenx NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argenx NV's price. Additionally, you may evaluate how the addition of Argenx NV to your portfolios can decrease your overall portfolio volatility.
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Is Argenx NV's industry 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 Argenx NV. If investors know Argenx 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 Argenx NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.67) | Revenue Per Share 0.999 | Quarterly Revenue Growth 0.794 | Return On Assets (0.07) | Return On Equity (0.09) |
The market value of argenx NV ADR is measured differently than its book value, which is the value of Argenx that is recorded on the company's balance sheet. Investors also form their own opinion of Argenx NV's value that differs from its market value or its book value, called intrinsic value, which is Argenx NV'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 Argenx NV's market value can be influenced by many factors that don't directly affect Argenx NV'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 Argenx NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argenx NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argenx NV'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.