Hess Midstream Stock Forecast - Naive Prediction
| HESM Stock | USD 36.82 0.75 2.08% |
The Naive Prediction forecasted value of Hess Midstream Partners on the next trading day is expected to be 37.72 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 22.57. Hess Stock Forecast is based on your current time horizon. Although Hess Midstream's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Hess Midstream's systematic risk associated with finding meaningful patterns of Hess Midstream fundamentals over time.
Hess |
Open Interest Against 2024-12-20 Hess Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Hess Midstream's 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 Hess Midstream's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Hess Midstream 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 Hess Midstream's open interest, investors have to compare it to Hess Midstream's 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 Hess Midstream 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 Hess. 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.
Hess Midstream Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Hess Midstream's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2015-12-31 | Previous Quarter 99.6 M | Current Value 10.3 M | Quarterly Volatility 27.9 M |
Hess Midstream Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Hess Midstream Partners on the next trading day is expected to be 37.72 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.21, and the sum of the absolute errors of 22.57.Please note that although there have been many attempts to predict Hess 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 Hess Midstream's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hess Midstream Stock Forecast Pattern
| Backtest Hess Midstream | Hess Midstream Price Prediction | Buy or Sell Advice |
Hess Midstream Forecasted Value
In the context of forecasting Hess Midstream'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. Hess Midstream's downside and upside margins for the forecasting period are 36.51 and 38.93, respectively. We have considered Hess Midstream'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 Hess Midstream stock data series using in forecasting. Note that when a statistical model is used to represent Hess Midstream 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 | 118.3901 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.364 |
| MAPE | Mean absolute percentage error | 0.0103 |
| SAE | Sum of the absolute errors | 22.5692 |
Predictive Modules for Hess Midstream
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hess Midstream Partners. 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 Hess Midstream's 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 Hess Midstream
For every potential investor in Hess, whether a beginner or expert, Hess Midstream's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hess Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hess. Basic forecasting techniques help filter out the noise by identifying Hess Midstream's price trends.Hess Midstream 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 Hess Midstream stock to make a market-neutral strategy. Peer analysis of Hess Midstream could also be used in its relative valuation, which is a method of valuing Hess Midstream by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hess Midstream Partners 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 Hess Midstream'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 Hess Midstream's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hess Midstream Market Strength Events
Market strength indicators help investors to evaluate how Hess Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hess Midstream shares will generate the highest return on investment. By undertsting and applying Hess Midstream stock market strength indicators, traders can identify Hess Midstream Partners entry and exit signals to maximize returns.
| Accumulation Distribution | 12117.09 | |||
| Daily Balance Of Power | 1.153846 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 36.72 | |||
| Day Typical Price | 36.76 | |||
| Price Action Indicator | 0.47 | |||
| Period Momentum Indicator | 0.75 | |||
| Relative Strength Index | 53.81 |
Hess Midstream Risk Indicators
The analysis of Hess Midstream'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 Hess Midstream's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hess 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 | 0.881 | |||
| Semi Deviation | 1.15 | |||
| Standard Deviation | 1.17 | |||
| Variance | 1.38 | |||
| Downside Variance | 1.4 | |||
| Semi Variance | 1.33 | |||
| Expected Short fall | (0.91) |
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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Is Oil & Gas Storage & Transportation 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 Hess Midstream. If investors know Hess 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 Hess Midstream 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 0.115 | Dividend Share 2.638 | Earnings Share 2.36 | Revenue Per Share 18.19 | Quarterly Revenue Growth 0.042 |
The market value of Hess Midstream Partners is measured differently than its book value, which is the value of Hess that is recorded on the company's balance sheet. Investors also form their own opinion of Hess Midstream's value that differs from its market value or its book value, called intrinsic value, which is Hess Midstream'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 Hess Midstream's market value can be influenced by many factors that don't directly affect Hess Midstream'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 Hess Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess Midstream'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.