Meritage Homes Polynomial Regression

MTH -- USA Stock  

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Investors can use this prediction interface to forecast Meritage Homes historic prices and determine the direction of Meritage Homes Corporation future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Meritage Homes historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Meritage Homes Corporation systematic risks associated with finding meaningful patterns of Meritage Homes fundamentals over time. Please see also Historical Fundamental Analysis of Meritage Homes to cross-verify your projections.
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Meritage Homes polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Meritage Homes Corporation as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the value of Meritage Homes Corporation on the next trading day is expected to be 73.084799

Meritage Homes Prediction Pattern

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Meritage Homes Forecasted Value

October 16, 2019
74.01
Market Value
73.08
Expected Value
81.09
Upside

Model Predictive Factors

AICAkaike Information Criteria119.27
BiasArithmetic mean of the errors None
MADMean absolute deviation1.2435
MAPEMean absolute percentage error0.0195
SAESum of the absolute errors75.852
A single variable polynomial regression model attempts to put a curve through the Meritage Homes 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

Volatility Measures

Meritage Homes Risk Indicators

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