Hortico SA Stock Forecast - Simple Regression
| HOR Stock | 6.20 0.12 1.97% |
Momentum 0
Sell Peaked
Oversold | Overbought |
Using Hortico SA hype-based prediction, you can estimate the value of Hortico SA from the perspective of Hortico SA response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Hortico SA on the next trading day is expected to be 6.12 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 5.16. Hortico SA after-hype prediction price | PLN 6.2 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Hortico |
Hortico SA Additional Predictive Modules
Most predictive techniques to examine Hortico price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hortico using various technical indicators. When you analyze Hortico charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hortico SA Simple Regression Price Forecast For the 9th of January
Given 90 days horizon, the Simple Regression forecasted value of Hortico SA on the next trading day is expected to be 6.30 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.04, and the sum of the absolute errors of 8.66.Please note that although there have been many attempts to predict Hortico 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 Hortico SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hortico SA Stock Forecast Pattern
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 Hortico SA stock data series using in forecasting. Note that when a statistical model is used to represent Hortico SA 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 | 114.7637 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1419 |
| MAPE | Mean absolute percentage error | 0.0229 |
| SAE | Sum of the absolute errors | 8.6559 |
Predictive Modules for Hortico SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hortico SA. 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 Hortico SA'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.
Hortico SA 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 Hortico SA stock to make a market-neutral strategy. Peer analysis of Hortico SA could also be used in its relative valuation, which is a method of valuing Hortico SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hortico SA Market Strength Events
Market strength indicators help investors to evaluate how Hortico SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hortico SA shares will generate the highest return on investment. By undertsting and applying Hortico SA stock market strength indicators, traders can identify Hortico SA entry and exit signals to maximize returns.
Pair Trading with Hortico SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hortico SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hortico SA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hortico SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hortico SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hortico SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hortico SA to buy it.
The correlation of Hortico SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hortico SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hortico SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hortico SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Hortico Stock Analysis
When running Hortico SA's price analysis, check to measure Hortico SA'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 Hortico SA is operating at the current time. Most of Hortico SA's value examination focuses on studying past and present price action to predict the probability of Hortico SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hortico SA's price. Additionally, you may evaluate how the addition of Hortico SA to your portfolios can decrease your overall portfolio volatility.