Bank of Queensland Preferred Stock Forecast - 8 Period Moving Average

BOQPF Preferred Stock   103.72  0.15  0.14%   
The 8 Period Moving Average forecasted value of Bank of Queensland on the next trading day is expected to be 103.75 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 14.81. Bank Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bank of Queensland stock prices and determine the direction of Bank of Queensland's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bank of Queensland's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
An 8-period moving average forecast model for Bank of Queensland is based on an artificially constructed time series of Bank of Queensland 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.

Bank of Queensland 8 Period Moving Average Price Forecast For the 13th of December 2024

Given 90 days horizon, the 8 Period Moving Average forecasted value of Bank of Queensland on the next trading day is expected to be 103.75 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.11, and the sum of the absolute errors of 14.81.
Please note that although there have been many attempts to predict Bank Preferred 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 Bank of Queensland's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bank of Queensland Preferred Stock Forecast Pattern

Backtest Bank of QueenslandBank of Queensland Price PredictionBuy or Sell Advice 

Bank of Queensland Forecasted Value

In the context of forecasting Bank of Queensland's Preferred 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. Bank of Queensland's downside and upside margins for the forecasting period are 103.49 and 104.01, respectively. We have considered Bank of Queensland'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.
Market Value
103.72
103.49
Downside
103.75
Expected Value
104.01
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Bank of Queensland preferred stock data series using in forecasting. Note that when a statistical model is used to represent Bank of Queensland preferred 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.
AICAkaike Information Criteria101.2347
BiasArithmetic mean of the errors -0.0313
MADMean absolute deviation0.2794
MAPEMean absolute percentage error0.0027
SAESum of the absolute errors14.81
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. Bank of Queensland 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Bank of Queensland

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank of Queensland. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.
Hype
Prediction
LowEstimatedHigh
103.46103.72103.98
Details
Intrinsic
Valuation
LowRealHigh
102.48102.74114.09
Details
Bollinger
Band Projection (param)
LowMiddleHigh
103.58104.17104.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bank of Queensland. Your research has to be compared to or analyzed against Bank of Queensland's peers to derive any actionable benefits. When done correctly, Bank of Queensland's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bank of Queensland.

Other Forecasting Options for Bank of Queensland

For every potential investor in Bank, whether a beginner or expert, Bank of Queensland's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bank Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bank. Basic forecasting techniques help filter out the noise by identifying Bank of Queensland's price trends.

Bank of Queensland 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 Bank of Queensland preferred stock to make a market-neutral strategy. Peer analysis of Bank of Queensland could also be used in its relative valuation, which is a method of valuing Bank of Queensland by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Bank of Queensland Technical and Predictive Analytics

The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bank of Queensland'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 Bank of Queensland's current price.

Bank of Queensland Market Strength Events

Market strength indicators help investors to evaluate how Bank of Queensland preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of Queensland shares will generate the highest return on investment. By undertsting and applying Bank of Queensland preferred stock market strength indicators, traders can identify Bank of Queensland entry and exit signals to maximize returns.

Bank of Queensland Risk Indicators

The analysis of Bank of Queensland'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 Bank of Queensland's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bank preferred 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.
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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Other Information on Investing in Bank Preferred Stock

Bank of Queensland financial ratios help investors to determine whether Bank Preferred 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 Bank with respect to the benefits of owning Bank of Queensland security.