New Horizon Stock Forecast - Naive Prediction
| HOVRW Stock | 0.10 0.01 6.38% |
The Naive Prediction forecasted value of New Horizon Aircraft on the next trading day is expected to be 0.12 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.40. New Stock Forecast is based on your current time horizon.
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Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the New Horizon's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 2.1 M | Current Value 2.2 M | Quarterly Volatility 815.6 K |
New Horizon Naive Prediction Price Forecast For the 6th of January
Given 90 days horizon, the Naive Prediction forecasted value of New Horizon Aircraft on the next trading day is expected to be 0.12 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.40.Please note that although there have been many attempts to predict New 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 New Horizon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
New Horizon Stock Forecast Pattern
| Backtest New Horizon | New Horizon Price Prediction | Buy or Sell Advice |
New Horizon Forecasted Value
In the context of forecasting New Horizon'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. New Horizon's downside and upside margins for the forecasting period are 0 and 24.65, respectively. We have considered New Horizon'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 New Horizon stock data series using in forecasting. Note that when a statistical model is used to represent New Horizon 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 | 108.9636 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0066 |
| MAPE | Mean absolute percentage error | 0.2199 |
| SAE | Sum of the absolute errors | 0.4039 |
Predictive Modules for New Horizon
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Horizon Aircraft. 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 New Horizon
For every potential investor in New, whether a beginner or expert, New Horizon's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. New Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in New. Basic forecasting techniques help filter out the noise by identifying New Horizon's price trends.New Horizon 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 New Horizon stock to make a market-neutral strategy. Peer analysis of New Horizon could also be used in its relative valuation, which is a method of valuing New Horizon by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
New Horizon Aircraft 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 New Horizon'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 New Horizon's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
New Horizon Market Strength Events
Market strength indicators help investors to evaluate how New Horizon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Horizon shares will generate the highest return on investment. By undertsting and applying New Horizon stock market strength indicators, traders can identify New Horizon Aircraft entry and exit signals to maximize returns.
New Horizon Risk Indicators
The analysis of New Horizon'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 New Horizon's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting new 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 | 17.34 | |||
| Semi Deviation | 13.61 | |||
| Standard Deviation | 23.86 | |||
| Variance | 569.51 | |||
| Downside Variance | 318.19 | |||
| Semi Variance | 185.3 | |||
| Expected Short fall | (26.44) |
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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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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Tools for New Stock Analysis
When running New Horizon's price analysis, check to measure New Horizon'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 New Horizon is operating at the current time. Most of New Horizon's value examination focuses on studying past and present price action to predict the probability of New Horizon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Horizon's price. Additionally, you may evaluate how the addition of New Horizon to your portfolios can decrease your overall portfolio volatility.