Hp Stock Forecast - Polynomial Regression

HPQ
 Stock
  

USD 30.04  1.16  4.02%   

Hp Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hp historical stock prices and determine the direction of Hp Inc'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 Hp historical fundamentals such as revenue growth or operating cash flow patterns. Although Hp naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Hp Inc systematic risk associated with finding meaningful patterns of Hp fundamentals over time.
Please check Historical Fundamental Analysis of Hp to cross-verify your projections.
  
Hp Inventory Turnover is very stable at the moment as compared to the past year. Hp reported last year Inventory Turnover of 8.29. As of 30th of November 2022, Accounts Payable Turnover is likely to grow to 5.97, while PPandE Turnover is likely to drop 18.43. . Hp Weighted Average Shares is very stable at the moment as compared to the past year. Hp reported last year Weighted Average Shares of 1.39 Billion. As of 30th of November 2022, Weighted Average Shares Diluted is likely to grow to about 1.8 B, while Issuance Purchase of Equity Shares is likely to drop (7.4 B).

Open Interest Agains t 2022-12-02 Hp Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Hp's 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 Hp's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Hp 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 Hp's open interest, investors have to compare it to Hp's 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 Hp 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 Hp. 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 Hp 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 Hp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Hp's price structures and extracts relationships that further increase the generated results' accuracy.
Hp polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Hp Inc as well as the accuracy indicators are determined from the period prices.

Hp Polynomial Regression Price Forecast For the 1st of December

Given 90 days horizon, the Polynomial Regression forecasted value of Hp Inc on the next trading day is expected to be 27.24 with a mean absolute deviation of 1.66, mean absolute percentage error of 4.05, and the sum of the absolute errors of 430.93.
Please note that although there have been many attempts to predict Hp 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 Hp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hp Stock Forecast Pattern

Backtest HpHp Price PredictionBuy or Sell Advice 

Hp Forecasted Value

In the context of forecasting Hp'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. Hp's downside and upside margins for the forecasting period are 24.60 and 29.88, respectively. We have considered Hp'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.
Market Value 30.04
27.24
Expected Value
29.88
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Hp stock data series using in forecasting. Note that when a statistical model is used to represent Hp 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 Criteria483.4099
BiasArithmetic mean of the errors None
MADMean absolute deviation1.6638
MAPEMean absolute percentage error0.0518
SAESum of the absolute errors430.9265
A single variable polynomial regression model attempts to put a curve through the Hp historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Hp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hp Inc. 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 Hp's 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 Hp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27.1029.7432.38
Details
Intrinsic
Valuation
LowReal ValueHigh
26.3932.4635.10
Details
9 Analysts
Consensus
LowTarget PriceHigh
33.0035.5740.00
Details
Earnings
Estimates (7)
LowProjected EPSHigh
4.034.164.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hp. Your research has to be compared to or analyzed against Hp's peers to derive any actionable benefits. When done correctly, Hp's 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 Hp Inc.

Other Forecasting Options for Hp

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

Hp 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 Hp stock to make a market-neutral strategy. Peer analysis of Hp could also be used in its relative valuation, which is a method of valuing Hp by comparing valuation metrics with similar companies.
Apple IncAdobe SystemsAutodeskAkamai TechnologiesBaidu Inc ADRBroadridge FinancialBaozun Inc ADRCaci InternationalCadence Design SysAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp Billiton
 Risk & Return  Correlation

Hp Inc 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 Hp'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 Hp's current price.

Hp Market Strength Events

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

Hp Risk Indicators

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

Hp Investors Sentiment

The influence of Hp's 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 Hp. 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 Hp's public news can be used to forecast risks associated with investment in Hp. The trend in average sentiment can be used to explain how an investor holding Hp can time the market purely based on public headlines and social activities around Hp Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Hp's 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 Hp's 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 Hp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Hp.

Hp Implied Volatility

    
  45.17  
Hp's implied volatility exposes the market's sentiment of Hp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hp's 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 Hp stock will not fluctuate a lot when Hp's 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 Hp 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, Hp's short interest history, or implied volatility extrapolated from Hp options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Hp Inc using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Historical Fundamental Analysis of Hp to cross-verify your projections. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for analysis

When running Hp Inc price analysis, check to measure Hp's 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 Hp is operating at the current time. Most of Hp's value examination focuses on studying past and present price action to predict the probability of Hp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hp's price. Additionally, you may evaluate how the addition of Hp to your portfolios can decrease your overall portfolio volatility.
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Is Hp's 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 Hp. If investors know Hp 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 Hp 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
0.17
Market Capitalization
31.2 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.085
The market value of Hp Inc is measured differently than its book value, which is the value of Hp that is recorded on the company's balance sheet. Investors also form their own opinion of Hp's value that differs from its market value or its book value, called intrinsic value, which is Hp'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 Hp's market value can be influenced by many factors that don't directly affect Hp'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 Hp's value and its price as these two are different measures arrived at by different means. Investors typically determine Hp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hp'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.