Hovnanian Enterprises Preferred Stock Forecast - Simple Exponential Smoothing

Hovnanian Enterprises Additional Predictive Modules

Most predictive techniques to examine Hovnanian price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hovnanian using various technical indicators. When you analyze Hovnanian 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. Hovnanian Enterprises simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Hovnanian Enterprises PFD are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Hovnanian Enterprises PFD prices get older.

Hovnanian Enterprises Simple Exponential Smoothing Price Forecast For the 24th of January

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Hovnanian Enterprises PFD on the next trading day is expected to be 20.34 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.23.

Hovnanian Enterprises Preferred Stock Forecast Pattern

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Hovnanian Enterprises Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Hovnanian Enterprises preferred stock data series using in forecasting. Note that when a statistical model is used to represent Hovnanian Enterprises preferred 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. This simple exponential smoothing model begins by setting Hovnanian Enterprises PFD forecast for the second period equal to the observation of the first period. In other words, recent Hovnanian Enterprises observations are given relatively more weight in forecasting than the older observations.

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 PFD. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.

Hype Prediction Low Estimated High 19.22 20.35 21.48 Details

Intrinsic Valuation Low Real High 15.53 16.66 22.39 Details

Bollinger Band Projection (param) Low Middle High 18.96 19.87 20.78 Details

Hovnanian Enterprises After-Hype Price Prediction Density Analysis

Hovnanian Enterprises Estimiated After-Hype Price Volatility

Hovnanian Enterprises Preferred Stock Price Prediction Analysis

Hovnanian Enterprises Hype Timeline

Hovnanian Enterprises PFD is currently traded for 20.35. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.03. Hovnanian is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 0.06%. %. The volatility of related hype on Hovnanian Enterprises is about 205.83%, with the expected price after the next announcement by competition of 20.38. The company last dividend was issued on the 15th of January 2023. Assuming the 90 days horizon the next estimated press release will be in a few days. Check out Historical Fundamental Analysis of Hovnanian Enterprises to cross-verify your projections. To learn how to invest in Hovnanian Preferred Stock, please use our How to Invest in Hovnanian Enterprises guide.

Hovnanian Enterprises Related Hype Analysis

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 Preferred 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

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Hovnanian Enterprises Short Properties

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