OneMain Holdings Stock Forecast - 20 Period Moving Average
| OMF Stock | USD 47.39 0.26 0.55% |
The 20 Period Moving Average forecasted value of OneMain Holdings on the next trading day is expected to be 48.36 with a mean absolute deviation of 1.37 and the sum of the absolute errors of 56.35. OneMain Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of OneMain Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
OneMain |
Open Interest Against 2024-06-21 OneMain Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast OneMain Holdings' 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 OneMain Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for OneMain Holdings 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 OneMain Holdings' open interest, investors have to compare it to OneMain Holdings' 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 OneMain Holdings 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 OneMain. 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 OneMain Holdings 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 OneMain Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets OneMain Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for OneMain Holdings is based on a synthetically constructed OneMain Holdingsdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. OneMain Holdings 20 Period Moving Average Price Forecast For the 18th of June 2024
Given 90 days horizon, the 20 Period Moving Average forecasted value of OneMain Holdings on the next trading day is expected to be 48.36 with a mean absolute deviation of 1.37, mean absolute percentage error of 2.40, and the sum of the absolute errors of 56.35.Please note that although there have been many attempts to predict OneMain 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 OneMain Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
OneMain Holdings Stock Forecast Pattern
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OneMain Holdings Forecasted Value
In the context of forecasting OneMain Holdings' 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. OneMain Holdings' downside and upside margins for the forecasting period are 46.63 and 50.09, respectively. We have considered OneMain Holdings' 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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of OneMain Holdings stock data series using in forecasting. Note that when a statistical model is used to represent OneMain Holdings 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 | 82.2279 |
| Bias | Arithmetic mean of the errors | 0.3711 |
| MAD | Mean absolute deviation | 1.3744 |
| MAPE | Mean absolute percentage error | 0.0281 |
| SAE | Sum of the absolute errors | 56.351 |
Predictive Modules for OneMain Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OneMain Holdings. 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 OneMain Holdings' 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 OneMain Holdings
For every potential investor in OneMain, whether a beginner or expert, OneMain Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OneMain Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OneMain. Basic forecasting techniques help filter out the noise by identifying OneMain Holdings' price trends.OneMain Holdings 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 OneMain Holdings stock to make a market-neutral strategy. Peer analysis of OneMain Holdings could also be used in its relative valuation, which is a method of valuing OneMain Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OneMain Holdings 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 OneMain Holdings' 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 OneMain Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
OneMain Holdings Market Strength Events
Market strength indicators help investors to evaluate how OneMain Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OneMain Holdings shares will generate the highest return on investment. By undertsting and applying OneMain Holdings stock market strength indicators, traders can identify OneMain Holdings entry and exit signals to maximize returns.
OneMain Holdings Risk Indicators
The analysis of OneMain Holdings' 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 OneMain Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting onemain 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 | 1.31 | |||
| Semi Deviation | 1.75 | |||
| Standard Deviation | 1.65 | |||
| Variance | 2.71 | |||
| Downside Variance | 3.2 | |||
| Semi Variance | 3.05 | |||
| Expected Short fall | (1.27) |
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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Additional Information and Resources on Investing in OneMain Stock
When determining whether OneMain Holdings is a strong investment it is important to analyze OneMain Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OneMain Holdings' future performance. For an informed investment choice regarding OneMain Stock, refer to the following important reports:Check out Historical Fundamental Analysis of OneMain Holdings to cross-verify your projections. For more detail on how to invest in OneMain Stock please use our How to Invest in OneMain Holdings guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Consumer Finance space 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 OneMain Holdings. If investors know OneMain 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 OneMain Holdings 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 (0.13) | Dividend Share 4 | Earnings Share 5.13 | Revenue Per Share 21.282 | Quarterly Revenue Growth (0) |
The market value of OneMain Holdings is measured differently than its book value, which is the value of OneMain that is recorded on the company's balance sheet. Investors also form their own opinion of OneMain Holdings' value that differs from its market value or its book value, called intrinsic value, which is OneMain Holdings' 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 OneMain Holdings' market value can be influenced by many factors that don't directly affect OneMain Holdings' 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 OneMain Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if OneMain Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMain Holdings' 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.