>

Home Depot Stock Forecast - 8 Period Moving Average

<div class='circular--portrait' style='background:#FCD202;color: white;font-size:3em;padding-top: 40px;;'>HOM</div>
HD -- USA Stock  

Earnings Report: May 19, 2020  

Investors can use this prediction interface to forecast Home Depot historic stock prices and determine the direction of Home Depot 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 Home Depot 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 Home Depot systematic risks associated with finding meaningful patterns of Home Depot fundamentals over time. Please check Historical Fundamental Analysis of Home Depot to cross-verify your projections.
Equity
Refresh
An 8-period moving average forecast model for Home Depot is based on an artificially constructed time series of Home Depot daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.
Given 30 days horizon, the value of Home Depot on the next trading day is expected to be 243.42375

Home Depot Stock Forecast Pattern

Backtest Home Depot | Home Depot Price Prediction | Buy or Sell Advice 

Home Depot Forecasted Value

Market Value
245.34
February 26, 2020
240.58
Downside
243.42
Expected Value
246.27
Upside

Model Predictive Factors

AICAkaike Information Criteria107.9872
BiasArithmetic mean of the errors -2.2861
MADMean absolute deviation3.3408
MAPEMean absolute percentage error0.0145
SAESum of the absolute errors180.4038
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Home Depot 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Volatility Measures

Home Depot Risk Indicators

Did you try this?

Run Efficient Frontier Now

   

Efficient Frontier

Plot and analyze your portfolio and positions against risk-return landscape of the market.
All  Next Launch Module

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Historical Fundamental Analysis of Home Depot to cross-verify your projections. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.