Hess Midstream Stock Forward View - Simple Moving Average
| HESM Stock | USD 39.59 -0.09 -0.23% |
The Simple Moving Average forecast shown here for Hess Midstream is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Simple Moving Average forecasted value of Hess Midstream Partners on the next trading day is expected to be 39.59 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.26.The simple moving average model is conceptually a linear regression of the current value of Hess Midstream Partners price series against current and previous (unobserved) value of Hess Midstream. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future This Simple Moving Average reference page for Hess Midstream presents model-generated projections from historical price data for informational purposes. Simple Moving Average Price Forecast For the 23rd of March
Given 90 days horizon, the Simple Moving Average forecasted value of Hess Midstream Partners on the next trading day is expected to be 39.59 with a mean absolute deviation of 0.36 , mean absolute percentage error of 0.19 , and the sum of the absolute errors of 21.26 .Please note that although there have been many attempts to predict Hess Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Hess Midstream's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
The next-day forecast for Hess Midstream Partners focuses on identifying predictive downside and upside bands that can frame a realistic trading range. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Hess Midstream stock data series using in forecasting. Note that when a statistical model is used to represent Hess Midstream 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 | 112.7783 |
| Bias | Arithmetic mean of the errors | -0.1495 |
| MAD | Mean absolute deviation | 0.3603 |
| MAPE | Mean absolute percentage error | 0.01 |
| SAE | Sum of the absolute errors | 21.26 |
Other Forecasting Options for Hess Midstream
The distribution of Hess Midstream's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Hess Midstream's chart that simple price charts miss.Hess Midstream Related Equities
Checking Hess Midstream against related firms within the Energy space helps investors see where the stock stands among peers. Checking cash flow across this peer set helps gauge Hess Midstream's relative financial strength. Sector-wide trends across this peer group can help split company-level factors from broader forces. Tracking Hess Midstream's results against these peers over time helps spot rising trends early.
| Risk & Return | Correlation |
Hess Midstream Market Strength Events
Market strength indicators for Hess Midstream give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Hess Midstream Partners.
Hess Midstream Risk Indicators
A thorough review of Hess Midstream's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Hess Midstream's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 0.7834 | |||
| Semi Deviation | 0.5938 | |||
| Standard Deviation | 1.02 | |||
| Variance | 1.03 | |||
| Downside Variance | 0.9605 | |||
| Semi Variance | 0.3526 | |||
| Expected Short fall | -0.90 |
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.
Story Coverage note for Hess Midstream
Story coverage around Hess Midstream Partners often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Hess Midstream Short Properties
Reviewing short-oriented indicators for Hess Midstream Partners is useful because long and short participants often create very different signals for timing and volatility. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 123.1 M | |
| Cash And Short Term Investments | 1.9 M |