Hecla Mining Stock Forecast - Polynomial Regression
| HCL Stock | EUR 17.27 0.14 0.80% |
The Polynomial Regression forecasted value of Hecla Mining on the next trading day is expected to be 18.25 with a mean absolute deviation of 0.57 and the sum of the absolute errors of 34.74. Hecla Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Hecla Mining's historical fundamentals, such as revenue growth or operating cash flow patterns.
Hecla |
Hecla Mining Polynomial Regression Price Forecast For the 27th of December
Given 90 days horizon, the Polynomial Regression forecasted value of Hecla Mining on the next trading day is expected to be 18.25 with a mean absolute deviation of 0.57, mean absolute percentage error of 0.49, and the sum of the absolute errors of 34.74.Please note that although there have been many attempts to predict Hecla 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 Hecla Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hecla Mining Stock Forecast Pattern
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Hecla Mining Forecasted Value
In the context of forecasting Hecla Mining'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. Hecla Mining's downside and upside margins for the forecasting period are 13.22 and 23.28, respectively. We have considered Hecla Mining'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.
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 Hecla Mining stock data series using in forecasting. Note that when a statistical model is used to represent Hecla Mining 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 | 117.4013 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5695 |
| MAPE | Mean absolute percentage error | 0.0456 |
| SAE | Sum of the absolute errors | 34.7399 |
Predictive Modules for Hecla Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hecla Mining. 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.Other Forecasting Options for Hecla Mining
For every potential investor in Hecla, whether a beginner or expert, Hecla Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hecla Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hecla. Basic forecasting techniques help filter out the noise by identifying Hecla Mining's price trends.Hecla Mining 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 Hecla Mining stock to make a market-neutral strategy. Peer analysis of Hecla Mining could also be used in its relative valuation, which is a method of valuing Hecla Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hecla Mining 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 Hecla Mining'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 Hecla Mining's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hecla Mining Market Strength Events
Market strength indicators help investors to evaluate how Hecla Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hecla Mining shares will generate the highest return on investment. By undertsting and applying Hecla Mining stock market strength indicators, traders can identify Hecla Mining entry and exit signals to maximize returns.
Hecla Mining Risk Indicators
The analysis of Hecla Mining'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 Hecla Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hecla 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 | 3.94 | |||
| Semi Deviation | 3.44 | |||
| Standard Deviation | 4.96 | |||
| Variance | 24.63 | |||
| Downside Variance | 15.87 | |||
| Semi Variance | 11.81 | |||
| Expected Short fall | (4.67) |
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 Hecla Stock
When determining whether Hecla Mining is a strong investment it is important to analyze Hecla Mining's 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 Hecla Mining's future performance. For an informed investment choice regarding Hecla Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Hecla Mining to cross-verify your projections. For more detail on how to invest in Hecla Stock please use our How to Invest in Hecla Mining guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.