MI Homes Stock Forecast - Polynomial Regression
| MHO Stock | USD 129.18 1.54 1.21% |
The Polynomial Regression forecasted value of MI Homes on the next trading day is expected to be 134.21 with a mean absolute deviation of 2.91 and the sum of the absolute errors of 177.55. MHO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MI Homes stock prices and determine the direction of MI Homes's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MI Homes' historical fundamentals, such as revenue growth or operating cash flow patterns. Although MI Homes' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MI Homes' systematic risk associated with finding meaningful patterns of MI Homes fundamentals over time.
Check out Historical Fundamental Analysis of MI Homes to cross-verify your projections. MHO |
Open Interest Against 2024-05-17 MHO Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MI Homes' 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 in MI Homes' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MI Homes stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current MI Homes' open interest, investors have to compare it to MI Homes' 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 MI Homes 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 MHO. 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 MI Homes 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 MI Homes' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MI Homes' price structures and extracts relationships that further increase the generated results' accuracy.
MI Homes polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for MI Homes as well as the accuracy indicators are determined from the period prices. MI Homes Polynomial Regression Price Forecast For the 18th of May 2024
Given 90 days horizon, the Polynomial Regression forecasted value of MI Homes on the next trading day is expected to be 134.21 with a mean absolute deviation of 2.91, mean absolute percentage error of 13.69, and the sum of the absolute errors of 177.55.Please note that although there have been many attempts to predict MHO 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 MI Homes' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MI Homes Stock Forecast Pattern
| Backtest MI Homes | MI Homes Price Prediction | Buy or Sell Advice |
MI Homes Forecasted Value
In the context of forecasting MI Homes' 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. MI Homes' downside and upside margins for the forecasting period are 131.81 and 136.61, respectively. We have considered MI Homes' 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of MI Homes stock data series using in forecasting. Note that when a statistical model is used to represent MI Homes 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 | 120.727 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.9107 |
| MAPE | Mean absolute percentage error | 0.0237 |
| SAE | Sum of the absolute errors | 177.5504 |
Predictive Modules for MI Homes
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MI Homes. 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 MI Homes' 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 MI Homes
For every potential investor in MHO, whether a beginner or expert, MI Homes' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MHO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MHO. Basic forecasting techniques help filter out the noise by identifying MI Homes' price trends.MI Homes 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 MI Homes stock to make a market-neutral strategy. Peer analysis of MI Homes could also be used in its relative valuation, which is a method of valuing MI Homes by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MI Homes 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 MI Homes' 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 MI Homes' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MI Homes Market Strength Events
Market strength indicators help investors to evaluate how MI Homes stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MI Homes shares will generate the highest return on investment. By undertsting and applying MI Homes stock market strength indicators, traders can identify MI Homes entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 129.18 | |||
| Day Typical Price | 129.18 | |||
| Price Action Indicator | 0.77 | |||
| Period Momentum Indicator | 1.54 |
MI Homes Risk Indicators
The analysis of MI Homes' 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 MI Homes' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mho 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 | 1.83 | |||
| Semi Deviation | 2.36 | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.88 | |||
| Downside Variance | 6.49 | |||
| Semi Variance | 5.59 | |||
| Expected Short fall | (1.90) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MI Homes to cross-verify your projections. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.Note that the MI Homes information on this page should be used as a complementary analysis to other MI Homes' 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for MHO Stock analysis
When running MI Homes' price analysis, check to measure MI Homes' 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 MI Homes is operating at the current time. Most of MI Homes' value examination focuses on studying past and present price action to predict the probability of MI Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MI Homes' price. Additionally, you may evaluate how the addition of MI Homes to your portfolios can decrease your overall portfolio volatility.
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Is MI Homes' 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 MI Homes. If investors know MHO 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 MI Homes 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 0.313 | Earnings Share 17.35 | Revenue Per Share 146.322 | Quarterly Revenue Growth 0.046 | Return On Assets 0.0964 |
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' 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 MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' 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 MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' 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.