Herms International Stock Forecast - Polynomial Regression
| HMI Stock | EUR 2,288 16.00 0.70% |
The Polynomial Regression forecasted value of Herms International Socit on the next trading day is expected to be 2,299 with a mean absolute deviation of 26.12 and the sum of the absolute errors of 1,620. Herms Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Herms International stock prices and determine the direction of Herms International Socit's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Herms International's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Herms International to cross-verify your projections. Herms |
Most investors in Herms International 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 Herms International's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Herms International's price structures and extracts relationships that further increase the generated results' accuracy.
Herms International polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Herms International Socit as well as the accuracy indicators are determined from the period prices. Herms International Polynomial Regression Price Forecast For the 16th of May 2024
Given 90 days horizon, the Polynomial Regression forecasted value of Herms International Socit on the next trading day is expected to be 2,299 with a mean absolute deviation of 26.12, mean absolute percentage error of 1,081, and the sum of the absolute errors of 1,620.Please note that although there have been many attempts to predict Herms 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 Herms International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Herms International Stock Forecast Pattern
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Herms International Forecasted Value
In the context of forecasting Herms International'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. Herms International's downside and upside margins for the forecasting period are 2,298 and 2,300, respectively. We have considered Herms International'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Herms International stock data series using in forecasting. Note that when a statistical model is used to represent Herms International 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 | 126.9337 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 26.1221 |
| MAPE | Mean absolute percentage error | 0.0113 |
| SAE | Sum of the absolute errors | 1619.5691 |
Predictive Modules for Herms International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Herms International Socit. 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 Herms International'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 Herms International
For every potential investor in Herms, whether a beginner or expert, Herms International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Herms Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Herms. Basic forecasting techniques help filter out the noise by identifying Herms International's price trends.Herms International 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 Herms International stock to make a market-neutral strategy. Peer analysis of Herms International could also be used in its relative valuation, which is a method of valuing Herms International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Herms International Socit 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 Herms International'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 Herms International's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Herms International Market Strength Events
Market strength indicators help investors to evaluate how Herms International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Herms International shares will generate the highest return on investment. By undertsting and applying Herms International stock market strength indicators, traders can identify Herms International Socit entry and exit signals to maximize returns.
Herms International Risk Indicators
The analysis of Herms International'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 Herms International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting herms 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 | 0.977 | |||
| Semi Deviation | 1.13 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.73 | |||
| Downside Variance | 1.85 | |||
| Semi Variance | 1.28 | |||
| Expected Short fall | (1.06) |
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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Complementary Tools for Herms Stock analysis
When running Herms International's price analysis, check to measure Herms International'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 Herms International is operating at the current time. Most of Herms International's value examination focuses on studying past and present price action to predict the probability of Herms International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Herms International's price. Additionally, you may evaluate how the addition of Herms International to your portfolios can decrease your overall portfolio volatility.
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