ANGI Homeservices Stock Forecast - 20 Period Moving Average
| ANGI Stock | USD 2.31 0.14 5.71% |
The 20 Period Moving Average forecasted value of ANGI Homeservices on the next trading day is expected to be 2.31 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 9.01. ANGI Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ANGI Homeservices stock prices and determine the direction of ANGI Homeservices's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ANGI Homeservices' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ANGI Homeservices to cross-verify your projections. ANGI |
Most investors in ANGI Homeservices 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 ANGI Homeservices' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ANGI Homeservices' price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for ANGI Homeservices is based on a synthetically constructed ANGI Homeservicesdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. ANGI Homeservices 20 Period Moving Average Price Forecast For the 17th of May 2024
Given 90 days horizon, the 20 Period Moving Average forecasted value of ANGI Homeservices on the next trading day is expected to be 2.31 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.07, and the sum of the absolute errors of 9.01.Please note that although there have been many attempts to predict ANGI 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 ANGI Homeservices' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ANGI Homeservices Stock Forecast Pattern
| Backtest ANGI Homeservices | ANGI Homeservices Price Prediction | Buy or Sell Advice |
ANGI Homeservices Forecasted Value
In the context of forecasting ANGI Homeservices' 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. ANGI Homeservices' downside and upside margins for the forecasting period are 0.02 and 5.74, respectively. We have considered ANGI Homeservices' 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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ANGI Homeservices stock data series using in forecasting. Note that when a statistical model is used to represent ANGI Homeservices 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 | 78.6532 |
| Bias | Arithmetic mean of the errors | 0.0656 |
| MAD | Mean absolute deviation | 0.2197 |
| MAPE | Mean absolute percentage error | 0.0966 |
| SAE | Sum of the absolute errors | 9.006 |
Predictive Modules for ANGI Homeservices
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ANGI Homeservices. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ANGI Homeservices' 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.
Other Forecasting Options for ANGI Homeservices
For every potential investor in ANGI, whether a beginner or expert, ANGI Homeservices' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ANGI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ANGI. Basic forecasting techniques help filter out the noise by identifying ANGI Homeservices' price trends.View ANGI Homeservices Related Equities
| Risk & Return | Correlation |
ANGI Homeservices 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 ANGI Homeservices' 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 ANGI Homeservices' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ANGI Homeservices Market Strength Events
Market strength indicators help investors to evaluate how ANGI Homeservices stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ANGI Homeservices shares will generate the highest return on investment. By undertsting and applying ANGI Homeservices stock market strength indicators, traders can identify ANGI Homeservices entry and exit signals to maximize returns.
| Accumulation Distribution | 51073.83 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.94 | |||
| Day Median Price | 2.38 | |||
| Day Typical Price | 2.36 | |||
| Price Action Indicator | (0.14) | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 44.77 |
ANGI Homeservices Risk Indicators
The analysis of ANGI Homeservices' 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 ANGI Homeservices' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting angi 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 | 2.58 | |||
| Standard Deviation | 3.43 | |||
| Variance | 11.77 |
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.
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When determining whether ANGI Homeservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ANGI Homeservices' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Angi Homeservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Angi Homeservices Stock:Check out Historical Fundamental Analysis of ANGI Homeservices to cross-verify your projections. For more detail on how to invest in ANGI Stock please use our How to Invest in ANGI Homeservices guide.Note that the ANGI Homeservices information on this page should be used as a complementary analysis to other ANGI Homeservices' 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 the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for ANGI Stock analysis
When running ANGI Homeservices' price analysis, check to measure ANGI Homeservices' 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 ANGI Homeservices is operating at the current time. Most of ANGI Homeservices' value examination focuses on studying past and present price action to predict the probability of ANGI Homeservices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANGI Homeservices' price. Additionally, you may evaluate how the addition of ANGI Homeservices to your portfolios can decrease your overall portfolio volatility.
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Is ANGI Homeservices' 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 ANGI Homeservices. If investors know ANGI 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 ANGI Homeservices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ANGI Homeservices is measured differently than its book value, which is the value of ANGI that is recorded on the company's balance sheet. Investors also form their own opinion of ANGI Homeservices' value that differs from its market value or its book value, called intrinsic value, which is ANGI Homeservices' 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 ANGI Homeservices' market value can be influenced by many factors that don't directly affect ANGI Homeservices' 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 ANGI Homeservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if ANGI Homeservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANGI Homeservices' 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.