U-Haul Holding Stock Forecast - Naive Prediction
| UHAL-B Stock | 63.10 1.45 2.35% |
The Naive Prediction forecasted value of U Haul Holding on the next trading day is expected to be 58.22 with a mean absolute deviation of 1.42 and the sum of the absolute errors of 86.77. U-Haul Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast U-Haul Holding stock prices and determine the direction of U Haul Holding's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of U-Haul Holding's historical fundamentals, such as revenue growth or operating cash flow patterns.
U-Haul |
U-Haul Holding Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the U-Haul Holding's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 1.5 B | Current Value 1.6 B | Quarterly Volatility 648.3 M |
U-Haul Holding Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of U Haul Holding on the next trading day is expected to be 58.22 with a mean absolute deviation of 1.42, mean absolute percentage error of 2.94, and the sum of the absolute errors of 86.77.Please note that although there have been many attempts to predict U-Haul 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 U-Haul Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
U-Haul Holding Stock Forecast Pattern
| Backtest U-Haul Holding | U-Haul Holding Price Prediction | Buy or Sell Advice |
U-Haul Holding Forecasted Value
In the context of forecasting U-Haul Holding's 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. U-Haul Holding's downside and upside margins for the forecasting period are 56.66 and 59.78, respectively. We have considered U-Haul Holding's 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 U-Haul Holding stock data series using in forecasting. Note that when a statistical model is used to represent U-Haul Holding 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 | 119.19 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.4225 |
| MAPE | Mean absolute percentage error | 0.0214 |
| SAE | Sum of the absolute errors | 86.7731 |
Predictive Modules for U-Haul Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as U Haul Holding. 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 U-Haul Holding
For every potential investor in U-Haul, whether a beginner or expert, U-Haul Holding's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. U-Haul Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in U-Haul. Basic forecasting techniques help filter out the noise by identifying U-Haul Holding's price trends.U-Haul Holding 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 U-Haul Holding stock to make a market-neutral strategy. Peer analysis of U-Haul Holding could also be used in its relative valuation, which is a method of valuing U-Haul Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
U Haul Holding 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 U-Haul Holding's 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 U-Haul Holding's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
U-Haul Holding Market Strength Events
Market strength indicators help investors to evaluate how U-Haul Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading U-Haul Holding shares will generate the highest return on investment. By undertsting and applying U-Haul Holding stock market strength indicators, traders can identify U Haul Holding entry and exit signals to maximize returns.
U-Haul Holding Risk Indicators
The analysis of U-Haul Holding's 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 U-Haul Holding's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting u-haul 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 | 1.19 | |||
| Standard Deviation | 1.56 | |||
| Variance | 2.42 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether U Haul Holding is a strong investment it is important to analyze U-Haul Holding's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact U-Haul Holding's future performance. For an informed investment choice regarding U-Haul Stock, refer to the following important reports:Check out Historical Fundamental Analysis of U-Haul Holding to cross-verify your projections. For information on how to trade U-Haul Stock refer to our How to Trade U-Haul Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.