First Hawaiian Stock Forecast - Polynomial Regression
| 1HI Stock | EUR 24.40 0.60 2.40% |
The Polynomial Regression forecasted value of First Hawaiian on the next trading day is expected to be 23.54 with a mean absolute deviation of 0.45 and the sum of the absolute errors of 27.69. First Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of First Hawaiian's historical fundamentals, such as revenue growth or operating cash flow patterns.
First |
First Hawaiian Polynomial Regression Price Forecast For the 7th of January
Given 90 days horizon, the Polynomial Regression forecasted value of First Hawaiian on the next trading day is expected to be 23.54 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.35, and the sum of the absolute errors of 27.69.Please note that although there have been many attempts to predict First 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 First Hawaiian's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
First Hawaiian Stock Forecast Pattern
| Backtest First Hawaiian | First Hawaiian Price Prediction | Buy or Sell Advice |
First Hawaiian Forecasted Value
In the context of forecasting First Hawaiian'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. First Hawaiian's downside and upside margins for the forecasting period are 21.18 and 25.90, respectively. We have considered First Hawaiian'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of First Hawaiian stock data series using in forecasting. Note that when a statistical model is used to represent First Hawaiian 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 | 117.0668 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4539 |
| MAPE | Mean absolute percentage error | 0.019 |
| SAE | Sum of the absolute errors | 27.69 |
Predictive Modules for First Hawaiian
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as First Hawaiian. 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 First Hawaiian
For every potential investor in First, whether a beginner or expert, First Hawaiian's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. First Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in First. Basic forecasting techniques help filter out the noise by identifying First Hawaiian's price trends.First Hawaiian 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 First Hawaiian stock to make a market-neutral strategy. Peer analysis of First Hawaiian could also be used in its relative valuation, which is a method of valuing First Hawaiian by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
First Hawaiian 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 First Hawaiian'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 First Hawaiian's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
First Hawaiian Market Strength Events
Market strength indicators help investors to evaluate how First Hawaiian stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Hawaiian shares will generate the highest return on investment. By undertsting and applying First Hawaiian stock market strength indicators, traders can identify First Hawaiian entry and exit signals to maximize returns.
First Hawaiian Risk Indicators
The analysis of First Hawaiian'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 First Hawaiian's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting first 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 | 1.33 | |||
| Semi Deviation | 1.37 | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.28 | |||
| Downside Variance | 4.12 | |||
| Semi Variance | 1.86 | |||
| Expected Short fall | (1.83) |
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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Additional Information and Resources on Investing in First Stock
When determining whether First Hawaiian offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Hawaiian's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Hawaiian Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Hawaiian Stock:Check out Historical Fundamental Analysis of First Hawaiian to cross-verify your projections. For more detail on how to invest in First Stock please use our How to Invest in First Hawaiian guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.