Helen Of Stock Forecast - Naive Prediction
| HELE Stock | USD 69.92 0.86 1.25% |
The Naive Prediction forecasted value of Helen of Troy on the next trading day is expected to be 72.88 with a mean absolute deviation of 1.40 and the sum of the absolute errors of 85.66. Helen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Helen Of stock prices and determine the direction of Helen of Troy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Helen Of's historical fundamentals, such as revenue growth or operating cash flow patterns.
Helen |
Helen Of Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Helen Of's financial statements to predict how it will affect future prices.
Cash | First Reported 1986-02-28 | Previous Quarter 16.1 M | Current Value 20.1 M | Quarterly Volatility 29.8 M |
Helen Of Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Helen of Troy on the next trading day is expected to be 72.88 with a mean absolute deviation of 1.40, mean absolute percentage error of 4.10, and the sum of the absolute errors of 85.66.Please note that although there have been many attempts to predict Helen 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 Helen Of's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Helen Of Stock Forecast Pattern
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Helen Of Forecasted Value
In the context of forecasting Helen Of'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. Helen Of's downside and upside margins for the forecasting period are 69.95 and 75.82, respectively. We have considered Helen Of'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Helen Of stock data series using in forecasting. Note that when a statistical model is used to represent Helen Of 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 | 119.521 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.4043 |
| MAPE | Mean absolute percentage error | 0.0218 |
| SAE | Sum of the absolute errors | 85.6601 |
Predictive Modules for Helen Of
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Helen of Troy. 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 Helen Of
For every potential investor in Helen, whether a beginner or expert, Helen Of's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Helen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Helen. Basic forecasting techniques help filter out the noise by identifying Helen Of's price trends.Helen Of 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 Helen Of stock to make a market-neutral strategy. Peer analysis of Helen Of could also be used in its relative valuation, which is a method of valuing Helen Of by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Helen of Troy 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 Helen Of'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 Helen Of's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Helen Of Market Strength Events
Market strength indicators help investors to evaluate how Helen Of stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Helen Of shares will generate the highest return on investment. By undertsting and applying Helen Of stock market strength indicators, traders can identify Helen of Troy entry and exit signals to maximize returns.
| Accumulation Distribution | 50708.17 | |||
| Daily Balance Of Power | 0.2077 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 71.91 | |||
| Day Typical Price | 71.25 | |||
| Price Action Indicator | (1.56) | |||
| Period Momentum Indicator | 0.86 |
Helen Of Risk Indicators
The analysis of Helen Of'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 Helen Of's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting helen 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 | 1.82 | |||
| Semi Deviation | 1.43 | |||
| Standard Deviation | 2.96 | |||
| Variance | 8.76 | |||
| Downside Variance | 3.16 | |||
| Semi Variance | 2.06 | |||
| Expected Short fall | (2.24) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Helen of Troy is a strong investment it is important to analyze Helen Of'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 Helen Of's future performance. For an informed investment choice regarding Helen Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Helen Of to cross-verify your projections. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Household Appliances 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 Helen Of. If investors know Helen 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 Helen Of 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 (0.35) | Earnings Share 5.96 | Revenue Per Share 82.271 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0474 |
The market value of Helen of Troy is measured differently than its book value, which is the value of Helen that is recorded on the company's balance sheet. Investors also form their own opinion of Helen Of's value that differs from its market value or its book value, called intrinsic value, which is Helen Of's 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 Helen Of's market value can be influenced by many factors that don't directly affect Helen Of's 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 Helen Of's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helen Of is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helen Of's 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.