Erasca Stock Forecast - Simple Regression

ERAS Stock  USD 2.70  0.10  3.57%   
The Simple Regression forecasted value of Erasca Inc on the next trading day is expected to be 2.72 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.33. Erasca Stock Forecast is based on your current time horizon.
  
Payables Turnover is likely to gain to 1.96 in 2024. Common Stock Shares Outstanding is likely to drop to about 138.4 M in 2024. Net Loss is likely to gain to about (207.6 M) in 2024.
Most investors in Erasca 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 Erasca's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Erasca's price structures and extracts relationships that further increase the accuracy of the generated results. Simple Regression model is a single variable regression model that attempts to put a straight line through Erasca price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Erasca Simple Regression Price Forecast For the 1st of November

Given 90 days horizon, the Simple Regression forecasted value of Erasca Inc on the next trading day is expected to be 2.72 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.33.
Please note that although there have been many attempts to predict Erasca 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 Erasca's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Erasca Stock Forecast Pattern

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Erasca Forecasted Value

In the context of forecasting Erasca'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. Erasca's downside and upside margins for the forecasting period are 0.03 and 6.73, respectively. We have considered Erasca'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.
Market Value
2.70
2.72
Expected Value
6.73
Upside

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 Erasca stock data series using in forecasting. Note that when a statistical model is used to represent Erasca 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.
AICAkaike Information Criteria116.387
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1344
MAPEMean absolute percentage error0.0494
SAESum of the absolute errors8.3322
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 Erasca Inc historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Erasca

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Erasca Inc. 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 Erasca'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.
Hype
Prediction
LowEstimatedHigh
0.142.706.71
Details
Intrinsic
Valuation
LowRealHigh
0.364.378.38
Details
8 Analysts
Consensus
LowTargetHigh
8.849.7110.78
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Erasca. Your research has to be compared to or analyzed against Erasca's peers to derive any actionable benefits. When done correctly, Erasca's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Erasca Inc.

Other Forecasting Options for Erasca

For every potential investor in Erasca, whether a beginner or expert, Erasca's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Erasca Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Erasca. Basic forecasting techniques help filter out the noise by identifying Erasca's price trends.

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 Risk & Return  Correlation

Erasca Inc 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 Erasca'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 Erasca's current price.

Erasca Market Strength Events

Market strength indicators help investors to evaluate how Erasca stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erasca shares will generate the highest return on investment. By undertsting and applying Erasca stock market strength indicators, traders can identify Erasca Inc entry and exit signals to maximize returns.

Erasca Risk Indicators

The analysis of Erasca'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 Erasca's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting erasca 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.
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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Erasca Stock Analysis

When running Erasca's price analysis, check to measure Erasca'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 Erasca is operating at the current time. Most of Erasca's value examination focuses on studying past and present price action to predict the probability of Erasca's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erasca's price. Additionally, you may evaluate how the addition of Erasca to your portfolios can decrease your overall portfolio volatility.