L3Harris Technologies Stock Forward View - Simple Regression
| LHX Stock | USD 351.51 -0.51 -0.14% |
The Simple Regression reference data for L3Harris Technologies is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes.
The Simple Regression forecasted value of L3Harris Technologies on the next trading day is expected to be 371.07 with a mean absolute deviation of 10.01 and the sum of the absolute errors of 610.51.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as L3Harris Technologies historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. The forecast reference data presented here for L3Harris Technologies reflects Simple Regression model output and is intended as reference material for analytical use. Simple Regression Price Forecast For the 27th of March
Given 90 days horizon, the Simple Regression forecasted value of L3Harris Technologies on the next trading day is expected to be 371.07 with a mean absolute deviation of 10.01 , mean absolute percentage error of 161.13 , and the sum of the absolute errors of 610.51 .Please note that although there have been many attempts to predict L3Harris 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 L3Harris Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest L3Harris Technologies | L3Harris Technologies Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates L3Harris Technologies' predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 369.09 and upside near 373.05.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of L3Harris Technologies stock data series using in forecasting. Note that when a statistical model is used to represent L3Harris Technologies 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 | 123.1927 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 10.0084 |
| MAPE | Mean absolute percentage error | 0.0296 |
| SAE | Sum of the absolute errors | 610.5103 |
Other Forecasting Options for L3Harris Technologies
Fibonacci retracement levels applied to L3Harris Stock price swings identify potential support and resistance zones. Extreme price moves in L3Harris occur more frequently than standard risk models assume. Support and resistance levels derived from L3Harris Technologies' historical data identify zones where buying or selling pressure has stalled moves.L3Harris Technologies Related Equities
These stocks within the Industrials space are often compared to L3Harris Technologies by analysts and fund managers in the sector. Profit comparisons show whether L3Harris Technologies earns above or below average returns next to its peers. Firms that trade at big discounts to peers on core metrics may be worth more research. Tracking L3Harris Technologies' results against these peers over time helps spot rising trends early.
| Risk & Return | Correlation |
L3Harris Technologies Market Strength Events
Tracking market strength indicators for L3Harris Technologies provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading L3Harris Technologies is likely to be most rewarding. These tools are essential for timing trades in L3Harris Technologies with a quantitative framework.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 351.51 | |||
| Day Typical Price | 351.51 | |||
| Price Action Indicator | -0.25 | |||
| Period Momentum Indicator | -0.51 | |||
| Relative Strength Index | 52.55 |
L3Harris Technologies Risk Indicators
Properly assessing L3Harris Technologies' risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding L3Harris Technologies'. Analyzing L3Harris Technologies' risk indicators provides a critical input for investment risk management.
| Mean Deviation | 1.52 | |||
| Semi Deviation | 1.46 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.75 | |||
| Downside Variance | 3.22 | |||
| Semi Variance | 2.15 | |||
| Expected Short fall | -1.73 |
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 L3Harris Technologies
A coverage review of L3Harris Technologies shows when the security is attracting above-average attention from contributors and market observers. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
Contributor Headline
Latest Perspective From Macroaxis
L3Harris Technologies Short Properties
Short sentiment tied to L3Harris Technologies matters because heavier bearish pressure can change how quickly future price expectations become unstable. 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 | 188.4 M | |
| Cash And Short Term Investments | 1.1 B |