Heartland Banccorp Pink Sheet Forecast - Double Exponential Smoothing
| HLAN Stock | USD 160.00 0.00 0.00% |
The Double Exponential Smoothing forecasted value of Heartland Banccorp on the next trading day is expected to be 160.70 with a mean absolute deviation of 2.17 and the sum of the absolute errors of 128.03. Heartland Pink Sheet Forecast is based on your current time horizon.
Heartland |
Heartland Banccorp Double Exponential Smoothing Price Forecast For the 2nd of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Heartland Banccorp on the next trading day is expected to be 160.70 with a mean absolute deviation of 2.17, mean absolute percentage error of 13.14, and the sum of the absolute errors of 128.03.Please note that although there have been many attempts to predict Heartland Pink Sheet 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 Heartland Banccorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Heartland Banccorp Pink Sheet Forecast Pattern
| Backtest Heartland Banccorp | Heartland Banccorp Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Heartland Banccorp pink sheet data series using in forecasting. Note that when a statistical model is used to represent Heartland Banccorp pink sheet, 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.4002 |
| MAD | Mean absolute deviation | 2.1699 |
| MAPE | Mean absolute percentage error | 0.0137 |
| SAE | Sum of the absolute errors | 128.0253 |
Predictive Modules for Heartland Banccorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Heartland Banccorp. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.View Heartland Banccorp Related Equities
| Risk & Return | Correlation |
Heartland Banccorp Market Strength Events
Market strength indicators help investors to evaluate how Heartland Banccorp pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heartland Banccorp shares will generate the highest return on investment. By undertsting and applying Heartland Banccorp pink sheet market strength indicators, traders can identify Heartland Banccorp entry and exit signals to maximize returns.
Heartland Banccorp Risk Indicators
The analysis of Heartland Banccorp'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 Heartland Banccorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting heartland pink sheet 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 | 1.28 | |||
| Semi Deviation | 1.52 | |||
| Standard Deviation | 2.24 | |||
| Variance | 5.0 | |||
| Downside Variance | 5.61 | |||
| Semi Variance | 2.3 | |||
| Expected Short fall | (1.90) |
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.
Pair Trading with Heartland Banccorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Heartland Banccorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Heartland Banccorp will appreciate offsetting losses from the drop in the long position's value.Moving against Heartland Pink Sheet
| 0.7 | HD | Home Depot | PairCorr |
| 0.68 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.65 | XOM | Exxon Mobil Corp | PairCorr |
| 0.57 | TRV | The Travelers Companies | PairCorr |
| 0.5 | GE | GE Aerospace | PairCorr |
The ability to find closely correlated positions to Heartland Banccorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heartland Banccorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Heartland Banccorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Heartland Banccorp to buy it.
The correlation of Heartland Banccorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Heartland Banccorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heartland Banccorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Heartland Banccorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Heartland Pink Sheet
Heartland Banccorp financial ratios help investors to determine whether Heartland Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Heartland with respect to the benefits of owning Heartland Banccorp security.