Hamilton Beach Stock Forecast - 4 Period Moving Average
| HBB Stock | USD 21.29 0.87 3.93% |
The 4 Period Moving Average forecasted value of Hamilton Beach Brands on the next trading day is expected to be 22.09 with a mean absolute deviation of 0.70 and the sum of the absolute errors of 40.03. Hamilton Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hamilton Beach stock prices and determine the direction of Hamilton Beach Brands's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hamilton Beach's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Hamilton Beach's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Hamilton Beach's systematic risk associated with finding meaningful patterns of Hamilton Beach fundamentals over time.
Check out Historical Fundamental Analysis of Hamilton Beach to cross-verify your projections. Hamilton |
Most investors in Hamilton Beach cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Hamilton Beach's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Hamilton Beach's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for Hamilton Beach Brands 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. Hamilton Beach 4 Period Moving Average Price Forecast For the 20th of April
Given 90 days horizon, the 4 Period Moving Average forecasted value of Hamilton Beach Brands on the next trading day is expected to be 22.09 with a mean absolute deviation of 0.70, mean absolute percentage error of 0.85, and the sum of the absolute errors of 40.03.Please note that although there have been many attempts to predict Hamilton 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 Hamilton Beach's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hamilton Beach Stock Forecast Pattern
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Hamilton Beach Forecasted Value
In the context of forecasting Hamilton Beach'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. Hamilton Beach's downside and upside margins for the forecasting period are 18.45 and 25.72, respectively. We have considered Hamilton Beach'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Hamilton Beach stock data series using in forecasting. Note that when a statistical model is used to represent Hamilton Beach 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 | 110.5992 |
| Bias | Arithmetic mean of the errors | -0.1344 |
| MAD | Mean absolute deviation | 0.7023 |
| MAPE | Mean absolute percentage error | 0.0338 |
| SAE | Sum of the absolute errors | 40.0325 |
Predictive Modules for Hamilton Beach
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hamilton Beach Brands. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hamilton Beach's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Hamilton Beach
For every potential investor in Hamilton, whether a beginner or expert, Hamilton Beach's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hamilton Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hamilton. Basic forecasting techniques help filter out the noise by identifying Hamilton Beach's price trends.Hamilton Beach 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 Hamilton Beach stock to make a market-neutral strategy. Peer analysis of Hamilton Beach could also be used in its relative valuation, which is a method of valuing Hamilton Beach by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hamilton Beach Brands 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 Hamilton Beach'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 Hamilton Beach's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hamilton Beach Market Strength Events
Market strength indicators help investors to evaluate how Hamilton Beach stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hamilton Beach shares will generate the highest return on investment. By undertsting and applying Hamilton Beach stock market strength indicators, traders can identify Hamilton Beach Brands entry and exit signals to maximize returns.
Hamilton Beach Risk Indicators
The analysis of Hamilton Beach'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 Hamilton Beach's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hamilton 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 | 2.62 | |||
| Semi Deviation | 3.18 | |||
| Standard Deviation | 3.63 | |||
| Variance | 13.19 | |||
| Downside Variance | 12.34 | |||
| Semi Variance | 10.14 | |||
| Expected Short fall | (2.82) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Hamilton Beach to cross-verify your projections. Note that the Hamilton Beach Brands information on this page should be used as a complementary analysis to other Hamilton Beach's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Hamilton Stock analysis
When running Hamilton Beach's price analysis, check to measure Hamilton Beach'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 Hamilton Beach is operating at the current time. Most of Hamilton Beach's value examination focuses on studying past and present price action to predict the probability of Hamilton Beach's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hamilton Beach's price. Additionally, you may evaluate how the addition of Hamilton Beach to your portfolios can decrease your overall portfolio volatility.
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Is Hamilton Beach's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hamilton Beach. If investors know Hamilton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hamilton Beach listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Hamilton Beach Brands is measured differently than its book value, which is the value of Hamilton that is recorded on the company's balance sheet. Investors also form their own opinion of Hamilton Beach's value that differs from its market value or its book value, called intrinsic value, which is Hamilton Beach's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hamilton Beach's market value can be influenced by many factors that don't directly affect Hamilton Beach's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hamilton Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hamilton Beach is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hamilton Beach's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.