Robinhood Markets Stock Forecast - Naive Prediction
| HOOD Stock | USD 17.19 0.78 4.34% |
The Naive Prediction forecasted value of Robinhood Markets on the next trading day is expected to be 17.07 with a mean absolute deviation of 0.44 and the sum of the absolute errors of 26.60. Robinhood Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Robinhood Markets stock prices and determine the direction of Robinhood Markets's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Robinhood Markets' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Robinhood Markets' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Robinhood Markets' systematic risk associated with finding meaningful patterns of Robinhood Markets fundamentals over time.
Check out Historical Fundamental Analysis of Robinhood Markets to cross-verify your projections. Robinhood |
Open Interest Against 2024-04-19 Robinhood Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Robinhood Markets' 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 Robinhood Markets' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Robinhood Markets 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 Robinhood Markets' open interest, investors have to compare it to Robinhood Markets' 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 Robinhood Markets 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 Robinhood. 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 Robinhood Markets 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 Robinhood Markets' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Robinhood Markets' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Robinhood Markets is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Robinhood Markets 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. Robinhood Markets Naive Prediction Price Forecast For the 16th of April 2024
Given 90 days horizon, the Naive Prediction forecasted value of Robinhood Markets on the next trading day is expected to be 17.07 with a mean absolute deviation of 0.44, mean absolute percentage error of 0.28, and the sum of the absolute errors of 26.60.Please note that although there have been many attempts to predict Robinhood 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 Robinhood Markets' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Robinhood Markets Stock Forecast Pattern
| Backtest Robinhood Markets | Robinhood Markets Price Prediction | Buy or Sell Advice |
Robinhood Markets Forecasted Value
In the context of forecasting Robinhood Markets' 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. Robinhood Markets' downside and upside margins for the forecasting period are 13.68 and 20.46, respectively. We have considered Robinhood Markets' 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 Robinhood Markets stock data series using in forecasting. Note that when a statistical model is used to represent Robinhood Markets 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 | 116.8201 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.436 |
| MAPE | Mean absolute percentage error | 0.0299 |
| SAE | Sum of the absolute errors | 26.5981 |
Predictive Modules for Robinhood Markets
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Robinhood Markets. 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 Robinhood Markets' 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 Robinhood Markets
For every potential investor in Robinhood, whether a beginner or expert, Robinhood Markets' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Robinhood Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Robinhood. Basic forecasting techniques help filter out the noise by identifying Robinhood Markets' price trends.Robinhood Markets 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 Robinhood Markets stock to make a market-neutral strategy. Peer analysis of Robinhood Markets could also be used in its relative valuation, which is a method of valuing Robinhood Markets by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Robinhood Markets 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 Robinhood Markets' 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 Robinhood Markets' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Robinhood Markets Market Strength Events
Market strength indicators help investors to evaluate how Robinhood Markets stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Robinhood Markets shares will generate the highest return on investment. By undertsting and applying Robinhood Markets stock market strength indicators, traders can identify Robinhood Markets entry and exit signals to maximize returns.
| Accumulation Distribution | 990375.0 | |||
| Daily Balance Of Power | (0.61) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 17.62 | |||
| Day Typical Price | 17.48 | |||
| Price Action Indicator | (0.82) | |||
| Period Momentum Indicator | (0.78) | |||
| Relative Strength Index | 59.14 |
Robinhood Markets Risk Indicators
The analysis of Robinhood Markets' 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 Robinhood Markets' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting robinhood 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 | 2.55 | |||
| Semi Deviation | 2.36 | |||
| Standard Deviation | 3.4 | |||
| Variance | 11.55 | |||
| Downside Variance | 9.17 | |||
| Semi Variance | 5.58 | |||
| Expected Short fall | (2.71) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Robinhood Markets to cross-verify your projections. For information on how to trade Robinhood Stock refer to our How to Trade Robinhood Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Robinhood Stock analysis
When running Robinhood Markets' price analysis, check to measure Robinhood Markets' 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 Robinhood Markets is operating at the current time. Most of Robinhood Markets' value examination focuses on studying past and present price action to predict the probability of Robinhood Markets' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Robinhood Markets' price. Additionally, you may evaluate how the addition of Robinhood Markets to your portfolios can decrease your overall portfolio volatility.
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Is Robinhood Markets' 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 Robinhood Markets. If investors know Robinhood 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 Robinhood Markets listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.61) | Revenue Per Share 2.093 | Quarterly Revenue Growth 0.239 | Return On Assets (0.02) | Return On Equity (0.08) |
The market value of Robinhood Markets is measured differently than its book value, which is the value of Robinhood that is recorded on the company's balance sheet. Investors also form their own opinion of Robinhood Markets' value that differs from its market value or its book value, called intrinsic value, which is Robinhood Markets' 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 Robinhood Markets' market value can be influenced by many factors that don't directly affect Robinhood Markets' 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 Robinhood Markets' value and its price as these two are different measures arrived at by different means. Investors typically determine if Robinhood Markets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Robinhood Markets' 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.