OneMain Holdings Stock Forecast - Double Exponential Smoothing

OMF
 Stock
  

USD 39.44  0.08  0.20%   

OneMain Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast OneMain Holdings historical stock prices and determine the direction of OneMain Holdings'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 OneMain Holdings historical fundamentals such as revenue growth or operating cash flow patterns. Although OneMain Holdings naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of OneMain Holdings systematic risk associated with finding meaningful patterns of OneMain Holdings fundamentals over time.
Please check Historical Fundamental Analysis of OneMain Holdings to cross-verify your projections.
  
The current year Accounts Payable Turnover is expected to grow to 38.99, whereas PPandE Turnover is forecasted to decline to 33.50. . As of December 1, 2022, Weighted Average Shares is expected to decline to about 120.2 M. In addition to that, Weighted Average Shares Diluted is expected to decline to about 120.5 M.

Open Interest Agains t 2022-12-16 OneMain Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast OneMain Holdings' 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 OneMain Holdings' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies OneMain Holdings 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 OneMain Holdings' open interest, investors have to compare it to OneMain Holdings' 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 OneMain Holdings 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 OneMain. 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 OneMain Holdings 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 OneMain Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets OneMain Holdings' 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 OneMain Holdings works best with periods where there are trends or seasonality.

OneMain Holdings Double Exponential Smoothing Price Forecast For the 2nd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of OneMain Holdings on the next trading day is expected to be 39.63 with a mean absolute deviation of 0.96, mean absolute percentage error of 1.81, and the sum of the absolute errors of 56.90.
Please note that although there have been many attempts to predict OneMain 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 OneMain Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

OneMain Holdings Stock Forecast Pattern

Backtest OneMain HoldingsOneMain Holdings Price PredictionBuy or Sell Advice 

OneMain Holdings Forecasted Value

In the context of forecasting OneMain Holdings' 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. OneMain Holdings' downside and upside margins for the forecasting period are 36.02 and 43.24, respectively. We have considered OneMain Holdings' 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 39.44
39.63
Expected Value
43.24
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 OneMain Holdings stock data series using in forecasting. Note that when a statistical model is used to represent OneMain Holdings 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 0.1327
MADMean absolute deviation0.9645
MAPEMean absolute percentage error0.0281
SAESum of the absolute errors56.9031
When OneMain Holdings 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 OneMain Holdings 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 OneMain Holdings observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for OneMain Holdings

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OneMain Holdings. 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 OneMain Holdings' 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 OneMain Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
35.1338.7442.35
Details
Intrinsic
Valuation
LowReal ValueHigh
35.4246.8950.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
39.3639.3639.36
Details
12 Analysts
Consensus
LowTarget PriceHigh
60.0071.7387.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as OneMain Holdings. Your research has to be compared to or analyzed against OneMain Holdings' peers to derive any actionable benefits. When done correctly, OneMain Holdings' 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 OneMain Holdings.

Other Forecasting Options for OneMain Holdings

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

OneMain Holdings 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 OneMain Holdings stock to make a market-neutral strategy. Peer analysis of OneMain Holdings could also be used in its relative valuation, which is a method of valuing OneMain Holdings by comparing valuation metrics with similar companies.
Verizon CommunicationsAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USAAramark HoldingsVanguard Long-TermSeagate Technology PLCVistra Energy CorpExxon Mobil CorpSignature Bank
 Risk & Return  Correlation

OneMain Holdings 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 OneMain Holdings' 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 OneMain Holdings' current price.

OneMain Holdings Market Strength Events

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

OneMain Holdings Risk Indicators

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

OneMain Holdings Investors Sentiment

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

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Please check Historical Fundamental Analysis of OneMain Holdings to cross-verify your projections. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for analysis

When running OneMain Holdings price analysis, check to measure OneMain Holdings' 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 OneMain Holdings is operating at the current time. Most of OneMain Holdings' value examination focuses on studying past and present price action to predict the probability of OneMain Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OneMain Holdings' price. Additionally, you may evaluate how the addition of OneMain Holdings to your portfolios can decrease your overall portfolio volatility.
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Is OneMain Holdings' 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 OneMain Holdings. If investors know OneMain 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 OneMain Holdings 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
(0.30) 
Market Capitalization
4.7 B
Quarterly Revenue Growth YOY
(0.20) 
Return On Assets
0.0434
Return On Equity
31.34
The market value of OneMain Holdings is measured differently than its book value, which is the value of OneMain that is recorded on the company's balance sheet. Investors also form their own opinion of OneMain Holdings' value that differs from its market value or its book value, called intrinsic value, which is OneMain Holdings' 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 OneMain Holdings' market value can be influenced by many factors that don't directly affect OneMain Holdings' 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 OneMain Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine OneMain Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMain Holdings' 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.