Hammond Power Pink Sheet Forecast - 8 Period Moving Average

HMDPF Stock  USD 96.63  4.48  4.43%   
The 8 Period Moving Average forecasted value of Hammond Power Solutions on the next trading day is expected to be 98.37 with a mean absolute deviation of 3.72 and the sum of the absolute errors of 197.14. Hammond Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Hammond Power's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
An 8-period moving average forecast model for Hammond Power is based on an artificially constructed time series of Hammond Power daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Hammond Power 8 Period Moving Average Price Forecast For the 6th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Hammond Power Solutions on the next trading day is expected to be 98.37 with a mean absolute deviation of 3.72, mean absolute percentage error of 24.13, and the sum of the absolute errors of 197.14.
Please note that although there have been many attempts to predict Hammond Pink Sheet 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 Hammond Power's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hammond Power Pink Sheet Forecast Pattern

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Hammond Power Forecasted Value

In the context of forecasting Hammond Power's Pink Sheet 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. Hammond Power's downside and upside margins for the forecasting period are 95.29 and 101.45, respectively. We have considered Hammond Power'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
96.63
98.37
Expected Value
101.45
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Hammond Power pink sheet data series using in forecasting. Note that when a statistical model is used to represent Hammond Power pink sheet, 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 Criteria106.5911
BiasArithmetic mean of the errors 0.0857
MADMean absolute deviation3.7197
MAPEMean absolute percentage error0.0384
SAESum of the absolute errors197.1425
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Hammond Power Solutions 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Hammond Power

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hammond Power Solutions. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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
93.5396.6399.73
Details
Intrinsic
Valuation
LowRealHigh
78.2281.32106.29
Details
Bollinger
Band Projection (param)
LowMiddleHigh
93.4596.97100.50
Details

Other Forecasting Options for Hammond Power

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

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

Hammond Power Solutions Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Hammond Power'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 Hammond Power's current price.

Hammond Power Market Strength Events

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

Hammond Power Risk Indicators

The analysis of Hammond Power'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 Hammond Power's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hammond pink sheet 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.

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Other Information on Investing in Hammond Pink Sheet

Hammond Power financial ratios help investors to determine whether Hammond Pink Sheet 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 Hammond with respect to the benefits of owning Hammond Power security.