Honeywell International Stock Forecast - Naive Prediction
| ALD Stock | EUR 221.40 0.55 0.25% |
The Naive Prediction forecasted value of Honeywell International on the next trading day is expected to be 232.03 with a mean absolute deviation of 4.14 and the sum of the absolute errors of 256.41. Honeywell Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Honeywell International's historical fundamentals, such as revenue growth or operating cash flow patterns.
Honeywell |
Honeywell International Naive Prediction Price Forecast For the 4th of January
Given 90 days horizon, the Naive Prediction forecasted value of Honeywell International on the next trading day is expected to be 232.03 with a mean absolute deviation of 4.14, mean absolute percentage error of 27.85, and the sum of the absolute errors of 256.41.Please note that although there have been many attempts to predict Honeywell 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 Honeywell International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Honeywell International Stock Forecast Pattern
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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 Honeywell International stock data series using in forecasting. Note that when a statistical model is used to represent Honeywell International 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 | 123.2753 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.1356 |
| MAPE | Mean absolute percentage error | 0.0201 |
| SAE | Sum of the absolute errors | 256.4092 |
Predictive Modules for Honeywell International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Honeywell International. 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.Honeywell International 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 Honeywell International stock to make a market-neutral strategy. Peer analysis of Honeywell International could also be used in its relative valuation, which is a method of valuing Honeywell International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Honeywell International Market Strength Events
Market strength indicators help investors to evaluate how Honeywell International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Honeywell International shares will generate the highest return on investment. By undertsting and applying Honeywell International stock market strength indicators, traders can identify Honeywell International entry and exit signals to maximize returns.
Honeywell International Risk Indicators
The analysis of Honeywell International'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 Honeywell International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting honeywell 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 | 1.11 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 1.68 | |||
| Variance | 2.81 | |||
| Downside Variance | 2.11 | |||
| Semi Variance | 1.4 | |||
| Expected Short fall | (1.31) |
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 Honeywell Stock
When determining whether Honeywell International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Honeywell International'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 Honeywell International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Honeywell International Stock:Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.