Hygon Information Stock Forecast - Polynomial Regression

688041 Stock   123.81  2.99  2.36%   
The Polynomial Regression forecasted value of Hygon Information Technology on the next trading day is expected to be 129.00 with a mean absolute deviation of 5.82 and the sum of the absolute errors of 355.26. Hygon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hygon Information stock prices and determine the direction of Hygon Information Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hygon Information's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Hygon Information's Total Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 2.1 B, whereas Other Current Liabilities is forecasted to decline to about 146.2 K.
Hygon Information polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Hygon Information Technology as well as the accuracy indicators are determined from the period prices.

Hygon Information Polynomial Regression Price Forecast For the 16th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Hygon Information Technology on the next trading day is expected to be 129.00 with a mean absolute deviation of 5.82, mean absolute percentage error of 59.43, and the sum of the absolute errors of 355.26.
Please note that although there have been many attempts to predict Hygon 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 Hygon Information's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hygon Information Stock Forecast Pattern

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Hygon Information Forecasted Value

In the context of forecasting Hygon Information'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. Hygon Information's downside and upside margins for the forecasting period are 124.01 and 134.00, respectively. We have considered Hygon Information'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.
Market Value
123.81
124.01
Downside
129.00
Expected Value
134.00
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Hygon Information stock data series using in forecasting. Note that when a statistical model is used to represent Hygon Information 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.
AICAkaike Information Criteria122.1954
BiasArithmetic mean of the errors None
MADMean absolute deviation5.824
MAPEMean absolute percentage error0.0542
SAESum of the absolute errors355.2642
A single variable polynomial regression model attempts to put a curve through the Hygon Information historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Hygon Information

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hygon Information. 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.
Hype
Prediction
LowEstimatedHigh
118.81123.81128.81
Details
Intrinsic
Valuation
LowRealHigh
105.19110.19136.19
Details
Bollinger
Band Projection (param)
LowMiddleHigh
122.23127.02131.80
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hygon Information. Your research has to be compared to or analyzed against Hygon Information's peers to derive any actionable benefits. When done correctly, Hygon Information's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hygon Information.

Other Forecasting Options for Hygon Information

For every potential investor in Hygon, whether a beginner or expert, Hygon Information's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hygon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hygon. Basic forecasting techniques help filter out the noise by identifying Hygon Information's price trends.

Hygon Information 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 Hygon Information stock to make a market-neutral strategy. Peer analysis of Hygon Information could also be used in its relative valuation, which is a method of valuing Hygon Information by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Hygon Information 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 Hygon Information'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 Hygon Information's current price.

Hygon Information Market Strength Events

Market strength indicators help investors to evaluate how Hygon Information stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hygon Information shares will generate the highest return on investment. By undertsting and applying Hygon Information stock market strength indicators, traders can identify Hygon Information Technology entry and exit signals to maximize returns.

Hygon Information Risk Indicators

The analysis of Hygon Information'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 Hygon Information's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hygon 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.
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.

Currently Active Assets on Macroaxis

Other Information on Investing in Hygon Stock

Hygon Information financial ratios help investors to determine whether Hygon Stock 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 Hygon with respect to the benefits of owning Hygon Information security.