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Home Depot Stock Forecast - Polynomial Regression

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HD -- USA Stock  

Fiscal Quarter End: 30th of April 2020  

Home Depot Stock Forecast is based on your current time horizon. 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 Home Depot 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.
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Home Depot Accounts Payable Turnover is expected to slightly increase based on the last few years of reporting. The last year's Accounts Payable Turnover was at 14.22. The current year Accrued Expenses Turnover is expected to grow to 27.95, whereas Receivables Turnover is expected to decline to 54.12. . The current year Weighted Average Shares Diluted is expected to grow to about 1.3 B, whereas Weighted Average Shares is expected to decline to about 1.1 B.
Home Depot polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Home Depot as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the forecasted value of Home Depot on the next trading day is expected to be  195.23  with a mean absolute deviation of  10.41 , mean absolute percentage error of  178.66 , and the sum of the absolute errors of  645.31 
 195.23 

Home Depot Stock Forecast Pattern

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Home Depot Forecasted Value

Market Value
192.29
10th of April 2020
180.74
Downside
195.23
Expected Value
209.72
Upside

Model Predictive Factors

AICAkaike Information Criteria125.1339
BiasArithmetic mean of the errors None
MADMean absolute deviation10.4082
MAPEMean absolute percentage error0.0516
SAESum of the absolute errors645.3053
A single variable polynomial regression model attempts to put a curve through the Home Depot historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Volatility Measures

Home Depot Risk Indicators

Current Sentiment - HD

Home Depot Investor Sentiment

Nearly all of Macroaxis users are currently bullish on Home Depot. What is your judgment towards investing in Home Depot? Are you bullish or bearish?
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Please check Historical Fundamental Analysis of Home Depot to cross-verify your projections. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
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