Hingham Institution Stock Forecast - Simple Regression
HIFS Stock | USD 284.36 0.80 0.28% |
The Simple Regression forecasted value of Hingham Institution for on the next trading day is expected to be 282.26 with a mean absolute deviation of 9.16 and the sum of the absolute errors of 558.63. Hingham Stock Forecast is based on your current time horizon.
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Hingham Institution Simple Regression Price Forecast For the 28th of November
Given 90 days horizon, the Simple Regression forecasted value of Hingham Institution for on the next trading day is expected to be 282.26 with a mean absolute deviation of 9.16, mean absolute percentage error of 127.84, and the sum of the absolute errors of 558.63.Please note that although there have been many attempts to predict Hingham 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 Hingham Institution's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hingham Institution Stock Forecast Pattern
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Hingham Institution Forecasted Value
In the context of forecasting Hingham Institution'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. Hingham Institution's downside and upside margins for the forecasting period are 279.49 and 285.03, respectively. We have considered Hingham Institution'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Hingham Institution stock data series using in forecasting. Note that when a statistical model is used to represent Hingham Institution 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 | 122.9613 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 9.1579 |
MAPE | Mean absolute percentage error | 0.0358 |
SAE | Sum of the absolute errors | 558.6298 |
Predictive Modules for Hingham Institution
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hingham Institution for. 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 Hingham Institution
For every potential investor in Hingham, whether a beginner or expert, Hingham Institution's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hingham Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hingham. Basic forecasting techniques help filter out the noise by identifying Hingham Institution's price trends.View Hingham Institution Related Equities
Risk & Return | Correlation |
Hingham Institution for 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 Hingham Institution'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 Hingham Institution's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Hingham Institution Market Strength Events
Market strength indicators help investors to evaluate how Hingham Institution stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hingham Institution shares will generate the highest return on investment. By undertsting and applying Hingham Institution stock market strength indicators, traders can identify Hingham Institution for entry and exit signals to maximize returns.
Hingham Institution Risk Indicators
The analysis of Hingham Institution'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 Hingham Institution's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hingham 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 | 1.96 | |||
Semi Deviation | 1.79 | |||
Standard Deviation | 2.75 | |||
Variance | 7.54 | |||
Downside Variance | 3.8 | |||
Semi Variance | 3.22 | |||
Expected Short fall | (2.59) |
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 Tools for Hingham Stock Analysis
When running Hingham Institution's price analysis, check to measure Hingham Institution's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hingham Institution is operating at the current time. Most of Hingham Institution's value examination focuses on studying past and present price action to predict the probability of Hingham Institution's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hingham Institution's price. Additionally, you may evaluate how the addition of Hingham Institution to your portfolios can decrease your overall portfolio volatility.