HarborOne Bancorp Stock Forecast - Naive Prediction
| HONE Stock | USD 12.80 0.28 2.14% |
The Naive Prediction forecasted value of HarborOne Bancorp on the next trading day is expected to be 12.77 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 23.10. HarborOne Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast HarborOne Bancorp stock prices and determine the direction of HarborOne Bancorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of HarborOne Bancorp's historical fundamentals, such as revenue growth or operating cash flow patterns.
HarborOne |
HarborOne Bancorp Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the HarborOne Bancorp's financial statements to predict how it will affect future prices.
Cash | First Reported 2014-12-31 | Previous Quarter 235.1 M | Current Value 224.3 M | Quarterly Volatility 102.1 M |
HarborOne Bancorp Naive Prediction Price Forecast For the 28th of November
Given 90 days horizon, the Naive Prediction forecasted value of HarborOne Bancorp on the next trading day is expected to be 12.77 with a mean absolute deviation of 0.37, mean absolute percentage error of 0.22, and the sum of the absolute errors of 23.10.Please note that although there have been many attempts to predict HarborOne 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 HarborOne Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
HarborOne Bancorp Stock Forecast Pattern
| Backtest HarborOne Bancorp | HarborOne Bancorp Price Prediction | Buy or Sell Advice |
HarborOne Bancorp Forecasted Value
In the context of forecasting HarborOne Bancorp'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. HarborOne Bancorp's downside and upside margins for the forecasting period are 9.79 and 15.76, respectively. We have considered HarborOne Bancorp'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 HarborOne Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent HarborOne Bancorp 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 | 118.426 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3726 |
| MAPE | Mean absolute percentage error | 0.0295 |
| SAE | Sum of the absolute errors | 23.0986 |
Predictive Modules for HarborOne Bancorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HarborOne Bancorp. 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 HarborOne Bancorp
For every potential investor in HarborOne, whether a beginner or expert, HarborOne Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. HarborOne Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in HarborOne. Basic forecasting techniques help filter out the noise by identifying HarborOne Bancorp's price trends.View HarborOne Bancorp Related Equities
| Risk & Return | Correlation |
HarborOne Bancorp 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 HarborOne Bancorp'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 HarborOne Bancorp's current price.| Cycle Indicators | ||
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HarborOne Bancorp Market Strength Events
Market strength indicators help investors to evaluate how HarborOne Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HarborOne Bancorp shares will generate the highest return on investment. By undertsting and applying HarborOne Bancorp stock market strength indicators, traders can identify HarborOne Bancorp entry and exit signals to maximize returns.
| Accumulation Distribution | 11703.58 | |||
| Daily Balance Of Power | (0.67) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 12.87 | |||
| Day Typical Price | 12.85 | |||
| Price Action Indicator | (0.21) | |||
| Period Momentum Indicator | (0.28) |
HarborOne Bancorp Risk Indicators
The analysis of HarborOne Bancorp'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 HarborOne Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting harborone 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 | 1.69 | |||
| Semi Deviation | 3.05 | |||
| Standard Deviation | 2.91 | |||
| Variance | 8.48 | |||
| Downside Variance | 11.23 | |||
| Semi Variance | 9.31 | |||
| Expected Short fall | (1.64) |
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 HarborOne Bancorp is a strong investment it is important to analyze HarborOne Bancorp'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 HarborOne Bancorp's future performance. For an informed investment choice regarding HarborOne Stock, refer to the following important reports:Check out Historical Fundamental Analysis of HarborOne Bancorp to cross-verify your projections. For information on how to trade HarborOne Stock refer to our How to Trade HarborOne Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Regional Banks 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 HarborOne Bancorp. If investors know HarborOne 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 HarborOne Bancorp 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 (0.51) | Dividend Share 0.315 | Earnings Share 0.29 | Revenue Per Share 3.816 | Quarterly Revenue Growth (0.15) |
The market value of HarborOne Bancorp is measured differently than its book value, which is the value of HarborOne that is recorded on the company's balance sheet. Investors also form their own opinion of HarborOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is HarborOne Bancorp'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 HarborOne Bancorp's market value can be influenced by many factors that don't directly affect HarborOne Bancorp'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 HarborOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if HarborOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HarborOne Bancorp'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.