IHS Holding Stock Forecast - Naive Prediction
| IHS Stock | USD 3.25 0.00 0.00% |
The Naive Prediction forecasted value of IHS Holding on the next trading day is expected to be 3.59 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.37. IHS Stock Forecast is based on your current time horizon.
IHS |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the IHS Holding's financial statements to predict how it will affect future prices.
Cash | First Reported 2006-12-31 | Previous Quarter 445.7 M | Current Value 397.5 M | Quarterly Volatility 173.5 M |
IHS Holding Naive Prediction Price Forecast For the 4th of December
Given 90 days horizon, the Naive Prediction forecasted value of IHS Holding on the next trading day is expected to be 3.59 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.37.Please note that although there have been many attempts to predict IHS 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 IHS Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
IHS Holding Stock Forecast Pattern
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IHS Holding Forecasted Value
In the context of forecasting IHS Holding'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. IHS Holding's downside and upside margins for the forecasting period are 1.08 and 6.11, respectively. We have considered IHS Holding'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 IHS Holding stock data series using in forecasting. Note that when a statistical model is used to represent IHS Holding 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 | 112.9203 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0553 |
| MAPE | Mean absolute percentage error | 0.0186 |
| SAE | Sum of the absolute errors | 3.3707 |
Predictive Modules for IHS Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IHS Holding. 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 IHS Holding
For every potential investor in IHS, whether a beginner or expert, IHS Holding's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IHS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IHS. Basic forecasting techniques help filter out the noise by identifying IHS Holding's price trends.View IHS Holding Related Equities
| Risk & Return | Correlation |
IHS Holding 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 IHS Holding'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 IHS Holding's current price.| Cycle Indicators | ||
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IHS Holding Market Strength Events
Market strength indicators help investors to evaluate how IHS Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IHS Holding shares will generate the highest return on investment. By undertsting and applying IHS Holding stock market strength indicators, traders can identify IHS Holding entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0578 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 3.2 | |||
| Day Typical Price | 3.21 | |||
| Market Facilitation Index | 0.19 | |||
| Price Action Indicator | 0.055 |
IHS Holding Risk Indicators
The analysis of IHS Holding'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 IHS Holding's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ihs 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 | 1.92 | |||
| Standard Deviation | 2.54 | |||
| Variance | 6.48 |
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 Tools for IHS Stock Analysis
When running IHS Holding's price analysis, check to measure IHS Holding'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 IHS Holding is operating at the current time. Most of IHS Holding's value examination focuses on studying past and present price action to predict the probability of IHS Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IHS Holding's price. Additionally, you may evaluate how the addition of IHS Holding to your portfolios can decrease your overall portfolio volatility.