Hooker Furniture Stock Forecast - 8 Period Moving Average

HOFT Stock  USD 14.04  0.48  3.31%   
The 8 Period Moving Average forecasted value of Hooker Furniture on the next trading day is expected to be 15.39 with a mean absolute deviation of 0.76 and the sum of the absolute errors of 40.79. Hooker Stock Forecast is based on your current time horizon.
  
At this time, Hooker Furniture's Inventory Turnover is comparatively stable compared to the past year. Fixed Asset Turnover is likely to gain to 8.80 in 2024, whereas Payables Turnover is likely to drop 13.27 in 2024. . Common Stock Shares Outstanding is likely to drop to about 9.6 M in 2024. Net Loss is likely to gain to about (3.7 M) in 2024.
An 8-period moving average forecast model for Hooker Furniture is based on an artificially constructed time series of Hooker Furniture 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.

Hooker Furniture 8 Period Moving Average Price Forecast For the 25th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Hooker Furniture on the next trading day is expected to be 15.39 with a mean absolute deviation of 0.76, mean absolute percentage error of 0.93, and the sum of the absolute errors of 40.79.
Please note that although there have been many attempts to predict Hooker 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 Hooker Furniture's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hooker Furniture Stock Forecast Pattern

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Hooker Furniture Forecasted Value

In the context of forecasting Hooker Furniture'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. Hooker Furniture's downside and upside margins for the forecasting period are 12.09 and 18.69, respectively. We have considered Hooker Furniture'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
14.04
15.39
Expected Value
18.69
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 Hooker Furniture stock data series using in forecasting. Note that when a statistical model is used to represent Hooker Furniture 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 Criteria105.1772
BiasArithmetic mean of the errors 0.1531
MADMean absolute deviation0.7554
MAPEMean absolute percentage error0.0459
SAESum of the absolute errors40.7925
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. Hooker Furniture 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Hooker Furniture

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hooker Furniture. 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
10.6013.9017.20
Details
Intrinsic
Valuation
LowRealHigh
13.1016.4019.70
Details
0 Analysts
Consensus
LowTargetHigh
23.6626.0028.86
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.09-0.09-0.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hooker Furniture. Your research has to be compared to or analyzed against Hooker Furniture's peers to derive any actionable benefits. When done correctly, Hooker Furniture'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 Hooker Furniture.

Other Forecasting Options for Hooker Furniture

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

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

Hooker Furniture 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 Hooker Furniture'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 Hooker Furniture's current price.

Hooker Furniture Market Strength Events

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

Hooker Furniture Risk Indicators

The analysis of Hooker Furniture'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 Hooker Furniture's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hooker 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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Hooker Stock Analysis

When running Hooker Furniture's price analysis, check to measure Hooker Furniture'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 Hooker Furniture is operating at the current time. Most of Hooker Furniture's value examination focuses on studying past and present price action to predict the probability of Hooker Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hooker Furniture's price. Additionally, you may evaluate how the addition of Hooker Furniture to your portfolios can decrease your overall portfolio volatility.