Qilu Bank Stock Forecast - Naive Prediction
| 601665 Stock | 5.14 0.02 0.39% |
The Naive Prediction forecasted value of Qilu Bank Co on the next trading day is expected to be 5.20 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 7.03. Qilu Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Qilu Bank stock prices and determine the direction of Qilu Bank Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Qilu Bank's historical fundamentals, such as revenue growth or operating cash flow patterns.
Qilu |
Qilu Bank Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of Qilu Bank Co on the next trading day is expected to be 5.20 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 7.03.Please note that although there have been many attempts to predict Qilu Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Qilu Bank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Qilu Bank Stock Forecast Pattern
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Qilu Bank Forecasted Value
In the context of forecasting Qilu Bank's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Qilu Bank's downside and upside margins for the forecasting period are 2.74 and 7.67, respectively. We have considered Qilu Bank's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Qilu Bank stock data series using in forecasting. Note that when a statistical model is used to represent Qilu Bank 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 | 116.0235 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1134 |
| MAPE | Mean absolute percentage error | 0.0227 |
| SAE | Sum of the absolute errors | 7.0337 |
Predictive Modules for Qilu Bank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Qilu Bank. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Qilu Bank
For every potential investor in Qilu, whether a beginner or expert, Qilu Bank's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Qilu Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Qilu. Basic forecasting techniques help filter out the noise by identifying Qilu Bank's price trends.Qilu Bank Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Qilu Bank stock to make a market-neutral strategy. Peer analysis of Qilu Bank could also be used in its relative valuation, which is a method of valuing Qilu Bank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Qilu Bank Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Qilu Bank's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Qilu Bank's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Qilu Bank Market Strength Events
Market strength indicators help investors to evaluate how Qilu Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qilu Bank shares will generate the highest return on investment. By undertsting and applying Qilu Bank stock market strength indicators, traders can identify Qilu Bank Co entry and exit signals to maximize returns.
| Accumulation Distribution | 307663.0 | |||
| Daily Balance Of Power | (0.22) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.16 | |||
| Day Typical Price | 5.15 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.02) |
Qilu Bank Risk Indicators
The analysis of Qilu Bank's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Qilu Bank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting qilu stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.71 | |||
| Semi Deviation | 1.94 | |||
| Standard Deviation | 2.37 | |||
| Variance | 5.62 | |||
| Downside Variance | 4.45 | |||
| Semi Variance | 3.77 | |||
| Expected Short fall | (1.97) |
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.
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Other Information on Investing in Qilu Stock
Qilu Bank financial ratios help investors to determine whether Qilu Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Qilu with respect to the benefits of owning Qilu Bank security.