Hesai Group Stock Forecast - 20 Period Moving Average
| HSAI Stock | 7.64 0.54 6.60% |
The 20 Period Moving Average forecasted value of Hesai Group American on the next trading day is expected to be 5.05 with a mean absolute deviation of 0.56 and the sum of the absolute errors of 23.10. Hesai Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Hesai Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
Hesai |
Hesai Group 20 Period Moving Average Price Forecast For the 3rd of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of Hesai Group American on the next trading day is expected to be 5.05 with a mean absolute deviation of 0.56, mean absolute percentage error of 0.96, and the sum of the absolute errors of 23.10.Please note that although there have been many attempts to predict Hesai 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 Hesai Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hesai Group Stock Forecast Pattern
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Hesai Group Forecasted Value
In the context of forecasting Hesai Group'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. Hesai Group's downside and upside margins for the forecasting period are 0.08 and 12.01, respectively. We have considered Hesai Group'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Hesai Group stock data series using in forecasting. Note that when a statistical model is used to represent Hesai Group 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 | 81.3101 |
| Bias | Arithmetic mean of the errors | -0.2736 |
| MAD | Mean absolute deviation | 0.5634 |
| MAPE | Mean absolute percentage error | 0.0969 |
| SAE | Sum of the absolute errors | 23.101 |
Predictive Modules for Hesai Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hesai Group American. 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.Other Forecasting Options for Hesai Group
For every potential investor in Hesai, whether a beginner or expert, Hesai Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hesai Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hesai. Basic forecasting techniques help filter out the noise by identifying Hesai Group's price trends.Hesai Group 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 Hesai Group stock to make a market-neutral strategy. Peer analysis of Hesai Group could also be used in its relative valuation, which is a method of valuing Hesai Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hesai Group American 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 Hesai Group'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 Hesai Group's current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Hesai Group Market Strength Events
Market strength indicators help investors to evaluate how Hesai Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hesai Group shares will generate the highest return on investment. By undertsting and applying Hesai Group stock market strength indicators, traders can identify Hesai Group American entry and exit signals to maximize returns.
| Accumulation Distribution | 875527.0 | |||
| Daily Balance Of Power | (0.35) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 7.88 | |||
| Day Typical Price | 7.8 | |||
| Price Action Indicator | (0.51) | |||
| Period Momentum Indicator | (0.54) |
Hesai Group Risk Indicators
The analysis of Hesai Group'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 Hesai Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hesai 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 | 3.94 | |||
| Semi Deviation | 3.37 | |||
| Standard Deviation | 6.8 | |||
| Variance | 46.27 | |||
| Downside Variance | 15.4 | |||
| Semi Variance | 11.36 | |||
| Expected Short fall | (4.83) |
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
When determining whether Hesai Group American offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hesai Group'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 Hesai Group American Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hesai Group American Stock:Check out Historical Fundamental Analysis of Hesai Group to cross-verify your projections. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Automotive Parts & Equipment space 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 Hesai Group. If investors know Hesai 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 Hesai Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 14.349 | Quarterly Revenue Growth 0.042 | Return On Assets (0.06) | Return On Equity (0.12) |
The market value of Hesai Group American is measured differently than its book value, which is the value of Hesai that is recorded on the company's balance sheet. Investors also form their own opinion of Hesai Group's value that differs from its market value or its book value, called intrinsic value, which is Hesai Group'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 Hesai Group's market value can be influenced by many factors that don't directly affect Hesai Group'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 Hesai Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hesai Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hesai Group'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.