L3Harris Technologies Stock Forecast - Double Exponential Smoothing

LHX
 Stock
  

USD 230.96  12.28  5.05%   

L3Harris Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast L3Harris Technologies historical stock prices and determine the direction of L3Harris Technologies's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of L3Harris Technologies historical fundamentals such as revenue growth or operating cash flow patterns. Although L3Harris Technologies naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of L3Harris Technologies systematic risk associated with finding meaningful patterns of L3Harris Technologies fundamentals over time.
Additionally, see Historical Fundamental Analysis of L3Harris Technologies to cross-verify your projections.
  
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L3Harris Technologies Inventory Turnover is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Inventory Turnover of 12.72 in 2021. Accounts Payable Turnover is likely to rise to 13.64 in 2022, whereas PPandE Turnover is likely to drop 7.75 in 2022. . Weighted Average Shares is likely to drop to about 179.9 M in 2022. Weighted Average Shares Diluted is likely to drop to about 108.4 M in 2022.

Open Interest Agains t 2022-07-15 L3Harris Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast L3Harris Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest L3Harris Technologies' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies L3Harris Technologies stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current L3Harris Technologies' open interest, investors have to compare it to L3Harris Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of L3Harris Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in L3Harris. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in L3Harris Technologies cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the L3Harris Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets L3Harris Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for L3Harris Technologies works best with periods where there are trends or seasonality.

L3Harris Technologies Current Investor Sentiment

Investor biases related to L3Harris Technologies' public news can be used to forecast risks associated with investment in L3Harris. The trend in average sentiment can be used to explain how an investor holding L3Harris can time the market purely based on public headlines and social activities around L3Harris Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
L3Harris Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for L3Harris Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average L3Harris Technologies' news discussions. The higher the estimate score, the more favorable is the investor's outlook on L3Harris Technologies.

L3Harris Technologies Double Exponential Smoothing Price Forecast For the 7th of July

Given 90 days horizon, the Double Exponential Smoothing forecasted value of L3Harris Technologies on the next trading day is expected to be 230.56 with a mean absolute deviation of 3.09, mean absolute percentage error of 16.15, and the sum of the absolute errors of 182.11. Please note that although there have been many attempts to predict L3Harris 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 L3Harris Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

L3Harris Technologies Stock Forecast Pattern

Backtest L3Harris TechnologiesL3Harris Technologies Price PredictionBuy or Sell Advice 

L3Harris Technologies Forecasted Value

In the context of forecasting L3Harris Technologies' 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. L3Harris Technologies' downside and upside margins for the forecasting period are 228.94 and 232.17, respectively. We have considered L3Harris Technologies' 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 230.96
228.94
Downside
230.56
Expected Value
232.17
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of L3Harris Technologies stock data series using in forecasting. Note that when a statistical model is used to represent L3Harris Technologies 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 CriteriaHuge
BiasArithmetic mean of the errors -0.6385
MADMean absolute deviation3.0865
MAPEMean absolute percentage error0.013
SAESum of the absolute errors182.1052
When L3Harris Technologies prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any L3Harris Technologies trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent L3Harris Technologies observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for L3Harris Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as L3Harris Technologies. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of L3Harris Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of L3Harris Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
229.30230.91232.52
Details
Intrinsic
Valuation
LowReal ValueHigh
207.86243.27244.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
221.56235.62249.69
Details
12 Analysts
Consensus
LowTarget PriceHigh
225.00250.78270.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as L3Harris Technologies. Your research has to be compared to or analyzed against L3Harris Technologies' peers to derive any actionable benefits. When done correctly, L3Harris Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in L3Harris Technologies.

Other Forecasting Options for L3Harris Technologies

For every potential investor in L3Harris, whether a beginner or expert, L3Harris Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. L3Harris Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in L3Harris. Basic forecasting techniques help filter out the noise by identifying L3Harris Technologies' price trends.

View Currently 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 L3Harris Technologies stock to make a market-neutral strategy. Peer analysis of L3Harris Technologies could also be used in its relative valuation, which is a method of valuing L3Harris Technologies by comparing valuation metrics with similar companies.

L3Harris Technologies 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 L3Harris Technologies' 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 L3Harris Technologies' current price.

L3Harris Technologies Market Strength Events

Market strength indicators help investors to evaluate how L3Harris Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading L3Harris Technologies shares will generate the highest return on investment. By undertsting and applying L3Harris Technologies stock market strength indicators, traders can identify L3Harris Technologies entry and exit signals to maximize returns.

L3Harris Technologies Risk Indicators

The analysis of L3Harris Technologies' basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in L3Harris Technologies' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting L3Harris Technologies stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

L3Harris Technologies Investors Sentiment

The influence of L3Harris Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in L3Harris. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to L3Harris Technologies' public news can be used to forecast risks associated with investment in L3Harris. The trend in average sentiment can be used to explain how an investor holding L3Harris can time the market purely based on public headlines and social activities around L3Harris Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
L3Harris Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for L3Harris Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average L3Harris Technologies' news discussions. The higher the estimate score, the more favorable is the investor's outlook on L3Harris Technologies.

L3Harris Technologies Implied Volatility

    
  24.86  
L3Harris Technologies' implied volatility exposes the market's sentiment of L3Harris Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if L3Harris Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that L3Harris Technologies stock will not fluctuate a lot when L3Harris Technologies' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards L3Harris Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, L3Harris Technologies' short interest history, or implied volatility extrapolated from L3Harris Technologies options trading.

Current Sentiment - LHX

L3Harris Technologies Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in L3Harris Technologies. What is your trading attitude regarding investing in L3Harris Technologies? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

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Additionally, see Historical Fundamental Analysis of L3Harris Technologies to cross-verify your projections. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for L3Harris Stock analysis

When running L3Harris Technologies price analysis, check to measure L3Harris Technologies' 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 L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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Is L3Harris Technologies' industry 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris Technologies 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 YOY
0.087
Market Capitalization
46.9 B
Quarterly Revenue Growth YOY
-0.1
Return On Assets
0.046
Return On Equity
0.0929
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' 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.