>

Agilent Technologies Stock Forecast - Naive Prediction

<div class='circular--portrait' style='background:#FF9E01;color: white;font-size:6em;padding-top: 0px;;'>A</div>
A -- USA Stock  

Fiscal Quarter End: April 30, 2020  

Investors can use this prediction interface to forecast Agilent Technologies historic stock prices and determine the direction of Agilent Technologies future trends based on various well-known forecasting models. However, looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Agilent Technologies historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Agilent Technologies systematic risks associated with finding meaningful patterns of Agilent Technologies fundamentals over time. Please continue to Historical Fundamental Analysis of Agilent Technologies to cross-verify your projections.
Equity
Refresh
A naive forecasting model for Agilent Technologies is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Agilent Technologies 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.
Given 30 days horizon, the value of Agilent Technologies on the next trading day is expected to be 77.566611

Agilent Technologies Stock Forecast Pattern

Backtest Agilent Technologies | Agilent Technologies Price Prediction | Buy or Sell Advice 

Agilent Technologies Forecasted Value

Market Value
78.42
February 27, 2020
77.57
Expected Value
81.43
Upside

Model Predictive Factors

AICAkaike Information Criteria119.075
BiasArithmetic mean of the errors None
MADMean absolute deviation1.2701
MAPEMean absolute percentage error0.0149
SAESum of the absolute errors77.4763
This model is not at all useful as a medium-long range forecasting tool of Agilent Technologies. This model really is a simplistic model, and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly. 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.

Volatility Measures

Agilent Technologies Risk Indicators

Current Sentiment - A

Agilent Technologies Investor Sentiment

Most of Macroaxis users are presently bullish on Agilent Technologies. What is your sentiment towards investing in Agilent Technologies? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip

Agilent Technologies Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Agilent Technologies and Global Cord Blood. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Please continue to Historical Fundamental Analysis of Agilent Technologies to cross-verify your projections. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.