Hawaiian Telcom Etf Forecast - Naive Prediction
| HCOM Etf | USD 15.07 0.03 0.20% |
The Naive Prediction forecasted value of Hawaiian Telcom Holdco on the next trading day is expected to be 14.84 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.28. Hawaiian Etf Forecast is based on your current time horizon.
Hawaiian |
Hawaiian Telcom Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Hawaiian Telcom Holdco on the next trading day is expected to be 14.84 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.02, and the sum of the absolute errors of 7.28.Please note that although there have been many attempts to predict Hawaiian Etf 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 Hawaiian Telcom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hawaiian Telcom Etf Forecast Pattern
| Backtest Hawaiian Telcom | Hawaiian Telcom Price Prediction | Buy or Sell Advice |
Hawaiian Telcom Forecasted Value
In the context of forecasting Hawaiian Telcom's Etf 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. Hawaiian Telcom's downside and upside margins for the forecasting period are 14.09 and 15.60, respectively. We have considered Hawaiian Telcom'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 Hawaiian Telcom etf data series using in forecasting. Note that when a statistical model is used to represent Hawaiian Telcom etf, 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 | 114.2639 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1194 |
| MAPE | Mean absolute percentage error | 0.0079 |
| SAE | Sum of the absolute errors | 7.2832 |
Predictive Modules for Hawaiian Telcom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hawaiian Telcom Holdco. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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 Hawaiian Telcom
For every potential investor in Hawaiian, whether a beginner or expert, Hawaiian Telcom's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hawaiian Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hawaiian. Basic forecasting techniques help filter out the noise by identifying Hawaiian Telcom's price trends.Hawaiian Telcom 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 Hawaiian Telcom etf to make a market-neutral strategy. Peer analysis of Hawaiian Telcom could also be used in its relative valuation, which is a method of valuing Hawaiian Telcom by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hawaiian Telcom Holdco Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Hawaiian Telcom'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 Hawaiian Telcom's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hawaiian Telcom Market Strength Events
Market strength indicators help investors to evaluate how Hawaiian Telcom etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hawaiian Telcom shares will generate the highest return on investment. By undertsting and applying Hawaiian Telcom etf market strength indicators, traders can identify Hawaiian Telcom Holdco entry and exit signals to maximize returns.
| Accumulation Distribution | 3.33 | |||
| Daily Balance Of Power | 3.0 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 15.07 | |||
| Day Typical Price | 15.07 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.03 |
Hawaiian Telcom Risk Indicators
The analysis of Hawaiian Telcom'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 Hawaiian Telcom's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hawaiian etf 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 | 0.6274 | |||
| Semi Deviation | 0.8521 | |||
| Standard Deviation | 0.7785 | |||
| Variance | 0.6061 | |||
| Downside Variance | 0.8536 | |||
| Semi Variance | 0.7261 | |||
| Expected Short fall | (0.58) |
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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The market value of Hawaiian Telcom Holdco is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Telcom's value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Telcom's 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 Hawaiian Telcom's market value can be influenced by many factors that don't directly affect Hawaiian Telcom's 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 Hawaiian Telcom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Telcom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Telcom's 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.