Hydrofarm Holdings Stock Forecast - Naive Prediction
| HYFM Stock | USD 0.64 0.03 4.92% |
The Naive Prediction forecasted value of Hydrofarm Holdings Group on the next trading day is expected to be 0.69 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 0.97. Hydrofarm Stock Forecast is based on your current time horizon. Although Hydrofarm Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Hydrofarm Holdings' systematic risk associated with finding meaningful patterns of Hydrofarm Holdings fundamentals over time.
Hydrofarm |
Hydrofarm Holdings Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Hydrofarm Holdings' financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2010-12-31 | Previous Quarter 30.3 M | Current Value 27.2 M | Quarterly Volatility 12.6 M |
Hydrofarm Holdings Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Hydrofarm Holdings Group on the next trading day is expected to be 0.69 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 0.97.Please note that although there have been many attempts to predict Hydrofarm 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 Hydrofarm Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hydrofarm Holdings Stock Forecast Pattern
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Hydrofarm Holdings Forecasted Value
In the context of forecasting Hydrofarm Holdings' 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. Hydrofarm Holdings' downside and upside margins for the forecasting period are 0.01 and 5.66, respectively. We have considered Hydrofarm Holdings' 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 Hydrofarm Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Hydrofarm Holdings 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 | 110.2673 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.016 |
| MAPE | Mean absolute percentage error | 0.0263 |
| SAE | Sum of the absolute errors | 0.9745 |
Predictive Modules for Hydrofarm Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hydrofarm Holdings. 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 Hydrofarm Holdings
For every potential investor in Hydrofarm, whether a beginner or expert, Hydrofarm Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hydrofarm Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hydrofarm. Basic forecasting techniques help filter out the noise by identifying Hydrofarm Holdings' price trends.View Hydrofarm Holdings Related Equities
| Risk & Return | Correlation |
Hydrofarm Holdings 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 Hydrofarm Holdings' 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 Hydrofarm Holdings' current price.| Cycle Indicators | ||
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Hydrofarm Holdings Market Strength Events
Market strength indicators help investors to evaluate how Hydrofarm Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hydrofarm Holdings shares will generate the highest return on investment. By undertsting and applying Hydrofarm Holdings stock market strength indicators, traders can identify Hydrofarm Holdings Group entry and exit signals to maximize returns.
Hydrofarm Holdings Risk Indicators
The analysis of Hydrofarm Holdings' 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 Hydrofarm Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hydrofarm 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 | 3.21 | |||
| Semi Deviation | 3.24 | |||
| Standard Deviation | 4.91 | |||
| Variance | 24.07 | |||
| Downside Variance | 15.12 | |||
| Semi Variance | 10.53 | |||
| Expected Short fall | (4.39) |
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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Is Industrial Machinery & Supplies & Components 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 Hydrofarm Holdings. If investors know Hydrofarm 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 Hydrofarm Holdings 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 3.625 | Earnings Share (1.40) | Revenue Per Share 4.361 | Quarterly Revenue Growth (0.19) | Return On Assets (0.04) |
The market value of Hydrofarm Holdings is measured differently than its book value, which is the value of Hydrofarm that is recorded on the company's balance sheet. Investors also form their own opinion of Hydrofarm Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hydrofarm Holdings' 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 Hydrofarm Holdings' market value can be influenced by many factors that don't directly affect Hydrofarm Holdings' 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 Hydrofarm Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hydrofarm Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hydrofarm Holdings' 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.