Mohawk Industries Stock Forecast - Naive Prediction
| MHK Stock | USD 145.03 6.26 4.51% |
The Naive Prediction forecasted value of Mohawk Industries on the next trading day is expected to be 142.42 with a mean absolute deviation of 3.72 and the sum of the absolute errors of 230.36. Mohawk Stock Forecast is based on your current time horizon. Although Mohawk Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Mohawk Industries' systematic risk associated with finding meaningful patterns of Mohawk Industries fundamentals over time.
Mohawk |
Mohawk Industries Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Mohawk Industries' financial statements, predicting their influence on future market prices.
Cash | First Reported 1991-12-31 | Previous Quarter 497.4 M | Current Value 424 M | Quarterly Volatility 248.2 M |
Mohawk Industries Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Mohawk Industries on the next trading day is expected to be 142.42 with a mean absolute deviation of 3.72, mean absolute percentage error of 24.62, and the sum of the absolute errors of 230.36.Please note that although there have been many attempts to predict Mohawk 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 Mohawk Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mohawk Industries Stock Forecast Pattern
| Backtest Mohawk Industries | Mohawk Industries Price Prediction | Buy or Sell Advice |
Mohawk Industries Forecasted Value
In the context of forecasting Mohawk Industries' 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. Mohawk Industries' downside and upside margins for the forecasting period are 140.00 and 144.84, respectively. We have considered Mohawk Industries' 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 Mohawk Industries stock data series using in forecasting. Note that when a statistical model is used to represent Mohawk Industries 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 | 123.1518 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.7155 |
| MAPE | Mean absolute percentage error | 0.0255 |
| SAE | Sum of the absolute errors | 230.3618 |
Predictive Modules for Mohawk Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mohawk Industries. 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 Mohawk Industries
For every potential investor in Mohawk, whether a beginner or expert, Mohawk Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mohawk Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mohawk. Basic forecasting techniques help filter out the noise by identifying Mohawk Industries' price trends.Mohawk Industries 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 Mohawk Industries stock to make a market-neutral strategy. Peer analysis of Mohawk Industries could also be used in its relative valuation, which is a method of valuing Mohawk Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mohawk Industries 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 Mohawk Industries' 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 Mohawk Industries' current price.| Cycle Indicators | ||
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Mohawk Industries Market Strength Events
Market strength indicators help investors to evaluate how Mohawk Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mohawk Industries shares will generate the highest return on investment. By undertsting and applying Mohawk Industries stock market strength indicators, traders can identify Mohawk Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 32635.82 | |||
| Daily Balance Of Power | 1.027915 | |||
| Rate Of Daily Change | 1.05 | |||
| Day Median Price | 143.89 | |||
| Day Typical Price | 144.27 | |||
| Price Action Indicator | 4.27 | |||
| Period Momentum Indicator | 6.26 | |||
| Relative Strength Index | 48.65 |
Mohawk Industries Risk Indicators
The analysis of Mohawk Industries' 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 Mohawk Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mohawk 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 | 1.38 | |||
| Standard Deviation | 2.4 | |||
| Variance | 5.75 |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Mohawk Industries to cross-verify your projections. For more information on how to buy Mohawk Stock please use our How to buy in Mohawk Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Household Durables 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 Mohawk Industries. If investors know Mohawk 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 Mohawk Industries 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 0.557 | Earnings Share 8.85 | Revenue Per Share 170.048 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0432 |
The market value of Mohawk Industries is measured differently than its book value, which is the value of Mohawk that is recorded on the company's balance sheet. Investors also form their own opinion of Mohawk Industries' value that differs from its market value or its book value, called intrinsic value, which is Mohawk Industries' 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 Mohawk Industries' market value can be influenced by many factors that don't directly affect Mohawk Industries' 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 Mohawk Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mohawk Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mohawk Industries' 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.