Hanover Foods Pink Sheet Forecast - Naive Prediction
| HNFSB Stock | USD 61.72 0.00 0.00% |
Hanover Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hanover Foods stock prices and determine the direction of Hanover Foods'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 Hanover Foods historical fundamentals such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Hanover Foods to cross-verify your projections. Hanover |
Most investors in Hanover Foods 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 Hanover Foods' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Hanover Foods' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Hanover Foods is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Hanover Foods 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. Hanover Foods Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of Hanover Foods on the next trading day is expected to be 61.57 with a mean absolute deviation of 0.97, mean absolute percentage error of 2.04, and the sum of the absolute errors of 60.26.Please note that although there have been many attempts to predict Hanover Pink Sheet 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 Hanover Foods' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hanover Foods Pink Sheet Forecast Pattern
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Hanover Foods Forecasted Value
In the context of forecasting Hanover Foods' Pink Sheet 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. Hanover Foods' downside and upside margins for the forecasting period are 59.19 and 63.94, respectively. We have considered Hanover Foods' 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 Hanover Foods pink sheet data series using in forecasting. Note that when a statistical model is used to represent Hanover Foods pink sheet, 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 | 120.66 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.9719 |
| MAPE | Mean absolute percentage error | 0.0179 |
| SAE | Sum of the absolute errors | 60.2574 |
Predictive Modules for Hanover Foods
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hanover Foods. 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 Hanover Foods' 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 Hanover Foods in the context of predictive analytics.
Other Forecasting Options for Hanover Foods
For every potential investor in Hanover, whether a beginner or expert, Hanover Foods' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hanover Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hanover. Basic forecasting techniques help filter out the noise by identifying Hanover Foods' price trends.Hanover Foods 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 Hanover Foods pink sheet to make a market-neutral strategy. Peer analysis of Hanover Foods could also be used in its relative valuation, which is a method of valuing Hanover Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hanover Foods 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 Hanover Foods' 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 Hanover Foods' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hanover Foods Market Strength Events
Market strength indicators help investors to evaluate how Hanover Foods pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hanover Foods shares will generate the highest return on investment. By undertsting and applying Hanover Foods pink sheet market strength indicators, traders can identify Hanover Foods entry and exit signals to maximize returns.
Hanover Foods Risk Indicators
The analysis of Hanover Foods' 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 Hanover Foods' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Hanover Foods 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.
| Mean Deviation | 0.5646 | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.29 |
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 Hanover Foods without increasing your portfolio risk or giving up the 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?
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Check out Historical Fundamental Analysis of Hanover Foods to cross-verify your projections. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Hanover Pink Sheet analysis
When running Hanover Foods' price analysis, check to measure Hanover Foods' 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 Hanover Foods is operating at the current time. Most of Hanover Foods' value examination focuses on studying past and present price action to predict the probability of Hanover Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Foods' price. Additionally, you may evaluate how the addition of Hanover Foods to your portfolios can decrease your overall portfolio volatility.
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