Hovnanian Enterprises Stock Forecast - Double Exponential Smoothing
| HOV Stock | USD 181.74 6.36 3.63% |
The Double Exponential Smoothing forecasted value of Hovnanian Enterprises on the next trading day is expected to be 187.16 with a mean absolute deviation of 5.28 and the sum of the absolute errors of 311.57. Hovnanian Stock Forecast is based on your current time horizon.
Hovnanian |
Hovnanian Enterprises Double Exponential Smoothing Price Forecast For the 26th of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Hovnanian Enterprises on the next trading day is expected to be 187.16 with a mean absolute deviation of 5.28, mean absolute percentage error of 45.83, and the sum of the absolute errors of 311.57.Please note that although there have been many attempts to predict Hovnanian 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 Hovnanian Enterprises' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hovnanian Enterprises Stock Forecast Pattern
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Hovnanian Enterprises Forecasted Value
In the context of forecasting Hovnanian Enterprises' 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. Hovnanian Enterprises' downside and upside margins for the forecasting period are 184.10 and 190.21, respectively. We have considered Hovnanian Enterprises' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Hovnanian Enterprises stock data series using in forecasting. Note that when a statistical model is used to represent Hovnanian Enterprises 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.6455 |
| MAD | Mean absolute deviation | 5.2808 |
| MAPE | Mean absolute percentage error | 0.0274 |
| SAE | Sum of the absolute errors | 311.5681 |
Predictive Modules for Hovnanian Enterprises
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hovnanian Enterprises. 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 Hovnanian Enterprises
For every potential investor in Hovnanian, whether a beginner or expert, Hovnanian Enterprises' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hovnanian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hovnanian. Basic forecasting techniques help filter out the noise by identifying Hovnanian Enterprises' price trends.Hovnanian Enterprises 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 Hovnanian Enterprises stock to make a market-neutral strategy. Peer analysis of Hovnanian Enterprises could also be used in its relative valuation, which is a method of valuing Hovnanian Enterprises by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hovnanian Enterprises 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 Hovnanian Enterprises' 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 Hovnanian Enterprises' current price.| Cycle Indicators | ||
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Hovnanian Enterprises Market Strength Events
Market strength indicators help investors to evaluate how Hovnanian Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hovnanian Enterprises shares will generate the highest return on investment. By undertsting and applying Hovnanian Enterprises stock market strength indicators, traders can identify Hovnanian Enterprises entry and exit signals to maximize returns.
Hovnanian Enterprises Risk Indicators
The analysis of Hovnanian Enterprises' 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 Hovnanian Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hovnanian 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 | 2.26 | |||
| Standard Deviation | 3.07 | |||
| Variance | 9.45 |
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 Hovnanian Stock Analysis
When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' 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 Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.