Baker Hughes Stock Forecast - Naive Prediction

BKR
 Stock
  

USD 26.01  0.73  2.89%   

Baker Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Baker Hughes historical stock prices and determine the direction of Baker Hughes A'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 Baker Hughes historical fundamentals such as revenue growth or operating cash flow patterns. Although Baker Hughes naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Baker Hughes A systematic risk associated with finding meaningful patterns of Baker Hughes fundamentals over time.
Continue to Historical Fundamental Analysis of Baker Hughes to cross-verify your projections.
  
Baker Hughes PPandE Turnover is relatively stable at the moment as compared to the past year. Baker Hughes reported last year PPandE Turnover of 4.01. As of 08/12/2022, Receivables Turnover is likely to grow to 4.20, while Inventory Turnover is likely to drop 3.65. . As of 08/12/2022, Weighted Average Shares is likely to drop to about 1 B. In addition to that, Weighted Average Shares Diluted is likely to drop to about 668.5 M.
Most investors in Baker Hughes 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 Baker Hughes' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Baker Hughes' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Baker Hughes is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Baker Hughes A value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Baker Hughes Naive Prediction Price Forecast For the 13th of August 2022

Given 90 days horizon, the Naive Prediction forecasted value of Baker Hughes A on the next trading day is expected to be 25.91 with a mean absolute deviation of 0.83, mean absolute percentage error of 1.10, and the sum of the absolute errors of 50.82.
Please note that although there have been many attempts to predict Baker 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 Baker Hughes' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Baker Hughes Stock Forecast Pattern

Backtest Baker HughesBaker Hughes Price PredictionBuy or Sell Advice 

Baker Hughes Forecasted Value

In the context of forecasting Baker Hughes' 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. Baker Hughes' downside and upside margins for the forecasting period are 23.11 and 28.71, respectively. We have considered Baker Hughes' 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 26.01
25.91
Expected Value
28.71
Upside

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 Baker Hughes stock data series using in forecasting. Note that when a statistical model is used to represent Baker Hughes 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 Criteria118.2072
BiasArithmetic mean of the errors None
MADMean absolute deviation0.8332
MAPEMean absolute percentage error0.0274
SAESum of the absolute errors50.8233
This model is not at all useful as a medium-long range forecasting tool of Baker Hughes A. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Baker Hughes. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Baker Hughes

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Baker Hughes A. 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 Baker Hughes' 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 Baker Hughes in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
23.0825.8828.68
Details
Intrinsic
Valuation
LowReal ValueHigh
22.6625.4628.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.6626.5030.33
Details
17 Analysts
Consensus
LowTarget PriceHigh
26.0029.5934.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Baker Hughes. Your research has to be compared to or analyzed against Baker Hughes' peers to derive any actionable benefits. When done correctly, Baker Hughes' 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 Baker Hughes A.

Other Forecasting Options for Baker Hughes

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

Baker Hughes 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 Baker Hughes stock to make a market-neutral strategy. Peer analysis of Baker Hughes could also be used in its relative valuation, which is a method of valuing Baker Hughes by comparing valuation metrics with similar companies.
National CinemediaAlphabet Cl AIntel CorpGeneral ElectricWalt DisneyVerizon CommunicationsThe Travelers CompaniesATT IncInternational BusinessAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 CoveredFranklin Mutual European
 Risk & Return  Correlation

Baker Hughes A 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 Baker Hughes' 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 Baker Hughes' current price.

Baker Hughes Risk Indicators

The analysis of Baker Hughes' 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 Baker Hughes' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Baker Hughes 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Baker Hughes without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Baker Hughes

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baker Hughes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baker Hughes will appreciate offsetting losses from the drop in the long position's value.

Moving together with Baker Hughes

0.91APAApa Corp Potential GrowthPairCorr
0.9CVECenovus Energy Potential GrowthPairCorr

Moving against Baker Hughes

0.64LNNLindsay Corp Fiscal Year End 20th of October 2022 PairCorr
0.59TSLATesla Inc TrendingPairCorr
0.59VRMVroom Inc Aggressive PushPairCorr
0.55DMDesktop Metal Aggressive PushPairCorr
The ability to find closely correlated positions to Baker Hughes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baker Hughes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baker Hughes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baker Hughes A to buy it.
The correlation of Baker Hughes is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baker Hughes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baker Hughes A moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baker Hughes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of Baker Hughes to cross-verify your projections. Note that the Baker Hughes A information on this page should be used as a complementary analysis to other Baker Hughes' 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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Baker Hughes A price analysis, check to measure Baker Hughes' 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 Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.
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Is Baker Hughes' 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 Baker Hughes. If investors know Baker 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 Baker Hughes 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
-0.65
Market Capitalization
25.7 B
Quarterly Revenue Growth YOY
-0.018
Return On Assets
0.0306
Return On Equity
-0.0249
The market value of Baker Hughes A is measured differently than its book value, which is the value of Baker that is recorded on the company's balance sheet. Investors also form their own opinion of Baker Hughes' value that differs from its market value or its book value, called intrinsic value, which is Baker Hughes' 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 Baker Hughes' market value can be influenced by many factors that don't directly affect Baker Hughes' 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 Baker Hughes' value and its price as these two are different measures arrived at by different means. Investors typically determine Baker Hughes value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baker Hughes' 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.