Hillenbrand Stock Forecast - Naive Prediction
| HI Stock | USD 32.97 1.13 3.55% |
The Naive Prediction forecasted value of Hillenbrand on the next trading day is expected to be 32.08 with a mean absolute deviation of 0.70 and the sum of the absolute errors of 42.94. Hillenbrand Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Hillenbrand's historical fundamentals, such as revenue growth or operating cash flow patterns.
Hillenbrand |
Hillenbrand Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Hillenbrand's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2006-09-30 | Previous Quarter 223.8 M | Current Value 199.3 M | Quarterly Volatility 127 M |
Hillenbrand Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Hillenbrand on the next trading day is expected to be 32.08 with a mean absolute deviation of 0.70, mean absolute percentage error of 0.72, and the sum of the absolute errors of 42.94.Please note that although there have been many attempts to predict Hillenbrand 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 Hillenbrand's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hillenbrand Stock Forecast Pattern
| Backtest Hillenbrand | Hillenbrand Price Prediction | Buy or Sell Advice |
Hillenbrand Forecasted Value
In the context of forecasting Hillenbrand'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. Hillenbrand's downside and upside margins for the forecasting period are 28.89 and 35.27, respectively. We have considered Hillenbrand'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 Hillenbrand stock data series using in forecasting. Note that when a statistical model is used to represent Hillenbrand 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 | 117.7828 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.704 |
| MAPE | Mean absolute percentage error | 0.0246 |
| SAE | Sum of the absolute errors | 42.944 |
Predictive Modules for Hillenbrand
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hillenbrand. 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 Hillenbrand
For every potential investor in Hillenbrand, whether a beginner or expert, Hillenbrand's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hillenbrand Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hillenbrand. Basic forecasting techniques help filter out the noise by identifying Hillenbrand's price trends.View Hillenbrand Related Equities
| Risk & Return | Correlation |
Hillenbrand 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 Hillenbrand'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 Hillenbrand's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hillenbrand Market Strength Events
Market strength indicators help investors to evaluate how Hillenbrand stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hillenbrand shares will generate the highest return on investment. By undertsting and applying Hillenbrand stock market strength indicators, traders can identify Hillenbrand entry and exit signals to maximize returns.
Hillenbrand Risk Indicators
The analysis of Hillenbrand'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 Hillenbrand's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hillenbrand 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 | 2.32 | |||
| Semi Deviation | 2.6 | |||
| Standard Deviation | 3.16 | |||
| Variance | 9.98 | |||
| Downside Variance | 7.21 | |||
| Semi Variance | 6.78 | |||
| Expected Short fall | (2.78) |
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.
Currently Active Assets on Macroaxis
Check out Historical Fundamental Analysis of Hillenbrand to cross-verify your projections. For more detail on how to invest in Hillenbrand Stock please use our How to Invest in Hillenbrand guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Industrial Machinery & Supplies & Components 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 Hillenbrand. If investors know Hillenbrand 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 Hillenbrand 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 (0.20) | Dividend Share 0.89 | Earnings Share (3.03) | Revenue Per Share 45.21 | Quarterly Revenue Growth 0.098 |
The market value of Hillenbrand is measured differently than its book value, which is the value of Hillenbrand that is recorded on the company's balance sheet. Investors also form their own opinion of Hillenbrand's value that differs from its market value or its book value, called intrinsic value, which is Hillenbrand'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 Hillenbrand's market value can be influenced by many factors that don't directly affect Hillenbrand'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 Hillenbrand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hillenbrand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hillenbrand'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.