Haverty Furniture Stock Forecast - Naive Prediction
| HVT-A Stock | USD 24.11 0.30 1.26% |
The Naive Prediction forecasted value of Haverty Furniture Companies on the next trading day is expected to be 30.75 with a mean absolute deviation of 4.95 and the sum of the absolute errors of 301.80. Haverty Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Haverty Furniture stock prices and determine the direction of Haverty Furniture Companies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Haverty Furniture's historical fundamentals, such as revenue growth or operating cash flow patterns.
Haverty |
Haverty Furniture Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Haverty Furniture's financial statements to predict how it will affect future prices.
Cash | First Reported 1985-12-31 | Previous Quarter 116.1 M | Current Value 127.4 M | Quarterly Volatility 54.3 M |
Haverty Furniture Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Haverty Furniture Companies on the next trading day is expected to be 30.75 with a mean absolute deviation of 4.95, mean absolute percentage error of 55.24, and the sum of the absolute errors of 301.80.Please note that although there have been many attempts to predict Haverty 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 Haverty Furniture's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Haverty Furniture Stock Forecast Pattern
| Backtest Haverty Furniture | Haverty Furniture Price Prediction | Buy or Sell Advice |
Haverty Furniture Forecasted Value
In the context of forecasting Haverty 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. Haverty Furniture's downside and upside margins for the forecasting period are 0.24 and 197.46, respectively. We have considered Haverty 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Haverty Furniture stock data series using in forecasting. Note that when a statistical model is used to represent Haverty 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.| AIC | Akaike Information Criteria | 122.1221 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.9475 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 301.798 |
Predictive Modules for Haverty 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 Haverty 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.Other Forecasting Options for Haverty Furniture
For every potential investor in Haverty, whether a beginner or expert, Haverty Furniture's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Haverty Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Haverty. Basic forecasting techniques help filter out the noise by identifying Haverty Furniture's price trends.Haverty 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 Haverty Furniture stock to make a market-neutral strategy. Peer analysis of Haverty Furniture could also be used in its relative valuation, which is a method of valuing Haverty Furniture by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Haverty 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 Haverty 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 Haverty Furniture's current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
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| Volume Indicators |
Haverty Furniture Market Strength Events
Market strength indicators help investors to evaluate how Haverty 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 Haverty Furniture shares will generate the highest return on investment. By undertsting and applying Haverty Furniture stock market strength indicators, traders can identify Haverty Furniture Companies entry and exit signals to maximize returns.
Haverty Furniture Risk Indicators
The analysis of Haverty 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 Haverty Furniture's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting haverty 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 | 1.67 | |||
| Standard Deviation | 3.05 | |||
| Variance | 9.31 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Haverty Furniture is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Haverty Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Haverty Furniture Companies Stock. Highlighted below are key reports to facilitate an investment decision about Haverty Furniture Companies Stock:Check out Historical Fundamental Analysis of Haverty Furniture to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.