Horace Mann Stock Forecast - Polynomial Regression

HMN Stock  USD 36.62  0.54  1.50%   
The Polynomial Regression forecasted value of Horace Mann Educators on the next trading day is expected to be 35.71 with a mean absolute deviation of  0.65  and the sum of the absolute errors of 40.56. Horace Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Horace Mann stock prices and determine the direction of Horace Mann Educators's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Horace Mann's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Horace Mann's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Horace Mann's systematic risk associated with finding meaningful patterns of Horace Mann fundamentals over time.
Check out Historical Fundamental Analysis of Horace Mann to cross-verify your projections.
  
At this time, Horace Mann's Fixed Asset Turnover is very stable compared to the past year. As of the 28th of March 2024, Asset Turnover is likely to grow to 0.18, while Receivables Turnover is likely to drop 2.95. . As of the 28th of March 2024, Common Stock Shares Outstanding is likely to drop to about 36.1 M. In addition to that, Net Loss is likely to grow to about (2.8 M).

Open Interest Against 2024-04-19 Horace Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Horace Mann'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 Horace Mann's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Horace Mann 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 Horace Mann's open interest, investors have to compare it to Horace Mann'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 Horace Mann 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 Horace. 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 Horace Mann 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 Horace Mann's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Horace Mann's price structures and extracts relationships that further increase the generated results' accuracy.
Horace Mann polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Horace Mann Educators as well as the accuracy indicators are determined from the period prices.

Horace Mann Polynomial Regression Price Forecast For the 29th of March

Given 90 days horizon, the Polynomial Regression forecasted value of Horace Mann Educators on the next trading day is expected to be 35.71 with a mean absolute deviation of 0.65, mean absolute percentage error of 0.59, and the sum of the absolute errors of 40.56.
Please note that although there have been many attempts to predict Horace 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 Horace Mann's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Horace Mann Stock Forecast Pattern

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Horace Mann Forecasted Value

In the context of forecasting Horace Mann'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. Horace Mann's downside and upside margins for the forecasting period are 34.16 and 37.25, respectively. We have considered Horace Mann'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
36.62
35.71
Expected Value
37.25
Upside

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 Horace Mann stock data series using in forecasting. Note that when a statistical model is used to represent Horace Mann 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 Criteria119.4174
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6541
MAPEMean absolute percentage error0.0187
SAESum of the absolute errors40.5564
A single variable polynomial regression model attempts to put a curve through the Horace Mann historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Horace Mann

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Horace Mann Educators. 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 Horace Mann'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
34.9536.4938.03
Details
Intrinsic
Valuation
LowRealHigh
31.8233.3640.28
Details
Bollinger
Band Projection (param)
LowMiddleHigh
35.4236.1536.87
Details
4 Analysts
Consensus
LowTargetHigh
28.2131.0034.41
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Horace Mann. Your research has to be compared to or analyzed against Horace Mann's peers to derive any actionable benefits. When done correctly, Horace Mann'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 Horace Mann Educators.

Other Forecasting Options for Horace Mann

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

Horace Mann 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 Horace Mann stock to make a market-neutral strategy. Peer analysis of Horace Mann could also be used in its relative valuation, which is a method of valuing Horace Mann by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Horace Mann Educators 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 Horace Mann'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 Horace Mann's current price.

Horace Mann Market Strength Events

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

Horace Mann Risk Indicators

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

Horace Mann Investors Sentiment

The influence of Horace Mann's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Horace. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Horace Mann's public news can be used to forecast risks associated with an investment in Horace. The trend in average sentiment can be used to explain how an investor holding Horace can time the market purely based on public headlines and social activities around Horace Mann Educators. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Horace Mann's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Horace Mann's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Horace Mann's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Horace Mann.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Horace Mann in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Horace Mann's short interest history, or implied volatility extrapolated from Horace Mann options trading.

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When determining whether Horace Mann Educators offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horace Mann'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 Horace Mann Educators Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horace Mann Educators Stock:
Check out Historical Fundamental Analysis of Horace Mann to cross-verify your projections.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Horace Mann's price analysis, check to measure Horace Mann'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 Horace Mann is operating at the current time. Most of Horace Mann's value examination focuses on studying past and present price action to predict the probability of Horace Mann's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horace Mann's price. Additionally, you may evaluate how the addition of Horace Mann to your portfolios can decrease your overall portfolio volatility.
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Is Horace Mann'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 Horace Mann. If investors know Horace 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 Horace Mann listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.43)
Dividend Share
1.32
Earnings Share
1.09
Revenue Per Share
36.123
Quarterly Revenue Growth
0.163
The market value of Horace Mann Educators is measured differently than its book value, which is the value of Horace that is recorded on the company's balance sheet. Investors also form their own opinion of Horace Mann's value that differs from its market value or its book value, called intrinsic value, which is Horace Mann'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 Horace Mann's market value can be influenced by many factors that don't directly affect Horace Mann'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 Horace Mann's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horace Mann is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horace Mann'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.