Hon Hai Stock Forecast - 4 Period Moving Average

HHPD Stock   11.08  0.18  1.65%   
The 4 Period Moving Average forecasted value of Hon Hai Precision on the next trading day is expected to be 11.05 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 14.67. Hon Stock Forecast is based on your current time horizon.
  
At this time, Hon Hai's Short and Long Term Debt Total is comparatively stable compared to the past year. Cash is likely to gain to about 1.3 T in 2024, whereas Other Current Liabilities is likely to drop slightly above 229 B in 2024.
A four-period moving average forecast model for Hon Hai Precision is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

Hon Hai 4 Period Moving Average Price Forecast For the 23rd of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of Hon Hai Precision on the next trading day is expected to be 11.05 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.1, and the sum of the absolute errors of 14.67.
Please note that although there have been many attempts to predict Hon 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 Hon Hai's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hon Hai Stock Forecast Pattern

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Hon Hai Forecasted Value

In the context of forecasting Hon Hai'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. Hon Hai's downside and upside margins for the forecasting period are 9.16 and 12.94, respectively. We have considered Hon Hai'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.
Market Value
11.08
11.05
Expected Value
12.94
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Hon Hai stock data series using in forecasting. Note that when a statistical model is used to represent Hon Hai 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.
AICAkaike Information Criteria108.4215
BiasArithmetic mean of the errors 0.0203
MADMean absolute deviation0.2573
MAPEMean absolute percentage error0.0208
SAESum of the absolute errors14.665
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of Hon Hai. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Hon Hai Precision and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Hon Hai

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hon Hai Precision. 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.
Hype
Prediction
LowEstimatedHigh
9.1911.0812.97
Details
Intrinsic
Valuation
LowRealHigh
9.7611.6513.54
Details
Bollinger
Band Projection (param)
LowMiddleHigh
10.6911.6812.67
Details

Other Forecasting Options for Hon Hai

For every potential investor in Hon, whether a beginner or expert, Hon Hai's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hon. Basic forecasting techniques help filter out the noise by identifying Hon Hai's price trends.

Hon Hai 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 Hon Hai stock to make a market-neutral strategy. Peer analysis of Hon Hai could also be used in its relative valuation, which is a method of valuing Hon Hai by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Hon Hai Precision 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 Hon Hai'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 Hon Hai's current price.

Hon Hai Market Strength Events

Market strength indicators help investors to evaluate how Hon Hai stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hon Hai shares will generate the highest return on investment. By undertsting and applying Hon Hai stock market strength indicators, traders can identify Hon Hai Precision entry and exit signals to maximize returns.

Hon Hai Risk Indicators

The analysis of Hon Hai'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 Hon Hai's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hon 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.
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.

Additional Tools for Hon Stock Analysis

When running Hon Hai's price analysis, check to measure Hon Hai's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hon Hai is operating at the current time. Most of Hon Hai's value examination focuses on studying past and present price action to predict the probability of Hon Hai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hon Hai's price. Additionally, you may evaluate how the addition of Hon Hai to your portfolios can decrease your overall portfolio volatility.