Hancock Horizon Mutual Fund Forecast - Naive Prediction

HHDTX -  USA Fund  

USD 26.61  0.00  0.00%

Hancock Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hancock Horizon historical stock prices and determine the direction of Hancock Horizon Diversified's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Hancock Horizon historical fundamentals such as revenue growth or operating cash flow patterns.
Please check Historical Fundamental Analysis of Hancock Horizon to cross-verify your projections.

Hancock Mutual Fund Forecast 

 
Refresh
Most investors in Hancock Horizon 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 Hancock Horizon's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Hancock Horizon's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Hancock Horizon is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Hancock Horizon Diversified 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.

Hancock Horizon Naive Prediction Price Forecast For the 21st of October

Given 90 days horizon, the Naive Prediction forecasted value of Hancock Horizon Diversified on the next trading day is expected to be 26.91 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.05, and the sum of the absolute errors of 10.15. Please note that although there have been many attempts to predict Hancock Mutual Fund 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 Hancock Horizon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hancock Horizon Mutual Fund Forecast Pattern

Backtest Hancock HorizonHancock Horizon Price PredictionBuy or Sell Advice 

Hancock Horizon Forecasted Value

In the context of forecasting Hancock Horizon's Mutual Fund 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. Hancock Horizon's downside and upside margins for the forecasting period are 26.29 and 27.53, respectively. We have considered Hancock Horizon'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
26.61
20th of October 2021
26.91
Expected Value
27.53
Upside

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 Hancock Horizon mutual fund data series using in forecasting. Note that when a statistical model is used to represent Hancock Horizon mutual fund, 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 Criteria115.1773
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1664
MAPEMean absolute percentage error0.0063
SAESum of the absolute errors10.151
This model is not at all useful as a medium-long range forecasting tool of Hancock Horizon Diversified. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Hancock Horizon. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Hancock Horizon

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hancock Horizon Dive. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Hancock Horizon'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. Please use the tools below to analyze the current value of Hancock Horizon in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
25.9926.6127.23
Details
Intrinsic
Valuation
LowReal ValueHigh
23.8224.4429.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.6126.6126.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hancock Horizon. Your research has to be compared to or analyzed against Hancock Horizon's peers to derive any actionable benefits. When done correctly, Hancock Horizon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Hancock Horizon Dive.

Other Forecasting Options for Hancock Horizon

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

View Currently 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 Hancock Horizon mutual fund to make a market-neutral strategy. Peer analysis of Hancock Horizon could also be used in its relative valuation, which is a method of valuing Hancock Horizon by comparing valuation metrics with similar companies.

Hancock Horizon Dive 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 Hancock Horizon'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 Hancock Horizon's current price.

Hancock Horizon Risk Indicators

The analysis of Hancock Horizon's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Hancock Horizon's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Hancock Horizon stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hancock Horizon without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Cryptocurrency Center Now

   

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Hancock Horizon Dive using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Historical Fundamental Analysis of Hancock Horizon to cross-verify your projections. Note that the Hancock Horizon Dive information on this page should be used as a complementary analysis to other Hancock Horizon'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Hancock Mutual Fund analysis

When running Hancock Horizon Dive price analysis, check to measure Hancock Horizon'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 Hancock Horizon is operating at the current time. Most of Hancock Horizon's value examination focuses on studying past and present price action to predict the probability of Hancock Horizon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hancock Horizon's price. Additionally, you may evaluate how the addition of Hancock Horizon to your portfolios can decrease your overall portfolio volatility.
Fund Screener
Find activelly-traded funds from around the world traded on over 30 global exchanges
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Equity Search
Search for activelly traded equities including funds and ETFs from over 30 global markets
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Please note, there is a significant difference between Hancock Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine Hancock Horizon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hancock Horizon'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.