Heritage Commerce Stock Forecast - 8 Period Moving Average
| HTBK Stock | USD 10.66 0.07 0.65% |
The 8 Period Moving Average forecasted value of Heritage Commerce Corp on the next trading day is expected to be 10.71 with a mean absolute deviation of 0.24 and the sum of the absolute errors of 12.70. Heritage Stock Forecast is based on your current time horizon. Although Heritage Commerce's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Heritage Commerce's systematic risk associated with finding meaningful patterns of Heritage Commerce fundamentals over time.
Heritage |
Heritage Commerce 8 Period Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the 8 Period Moving Average forecasted value of Heritage Commerce Corp on the next trading day is expected to be 10.71 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.11, and the sum of the absolute errors of 12.70.Please note that although there have been many attempts to predict Heritage 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 Heritage Commerce's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Heritage Commerce Stock Forecast Pattern
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Heritage Commerce Forecasted Value
In the context of forecasting Heritage Commerce'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. Heritage Commerce's downside and upside margins for the forecasting period are 8.39 and 13.02, respectively. We have considered Heritage Commerce'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Heritage Commerce stock data series using in forecasting. Note that when a statistical model is used to represent Heritage Commerce 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 | 101.1855 |
| Bias | Arithmetic mean of the errors | -0.0854 |
| MAD | Mean absolute deviation | 0.2396 |
| MAPE | Mean absolute percentage error | 0.0236 |
| SAE | Sum of the absolute errors | 12.7 |
Predictive Modules for Heritage Commerce
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Heritage Commerce Corp. 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 Heritage Commerce
For every potential investor in Heritage, whether a beginner or expert, Heritage Commerce's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Heritage Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Heritage. Basic forecasting techniques help filter out the noise by identifying Heritage Commerce's price trends.Heritage Commerce 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 Heritage Commerce stock to make a market-neutral strategy. Peer analysis of Heritage Commerce could also be used in its relative valuation, which is a method of valuing Heritage Commerce by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Heritage Commerce Corp 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 Heritage Commerce'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 Heritage Commerce's current price.| Cycle Indicators | ||
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| Volume Indicators |
Heritage Commerce Market Strength Events
Market strength indicators help investors to evaluate how Heritage Commerce stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heritage Commerce shares will generate the highest return on investment. By undertsting and applying Heritage Commerce stock market strength indicators, traders can identify Heritage Commerce Corp entry and exit signals to maximize returns.
Heritage Commerce Risk Indicators
The analysis of Heritage Commerce'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 Heritage Commerce's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting heritage 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 | 1.42 | |||
| Semi Deviation | 1.42 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.13 | |||
| Downside Variance | 2.34 | |||
| Semi Variance | 2.02 | |||
| Expected Short fall | (1.81) |
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 Heritage Commerce to cross-verify your projections. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Regional Banks 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 Heritage Commerce. If investors know Heritage 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 Heritage Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Dividend Share 0.52 | Earnings Share 0.71 | Revenue Per Share 2.763 | Quarterly Revenue Growth (0.11) |
The market value of Heritage Commerce Corp is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Commerce's value that differs from its market value or its book value, called intrinsic value, which is Heritage Commerce'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 Heritage Commerce's market value can be influenced by many factors that don't directly affect Heritage Commerce'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 Heritage Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Commerce'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.