Bank of Queensland Stock Forecast - Simple Moving Average

BOQPG Stock   103.51  0.39  0.38%   
The Simple Moving Average forecasted value of Bank of Queensland on the next trading day is expected to be 103.51 with a mean absolute deviation of 0.25 and the sum of the absolute errors of 15.07. Bank 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.
  
A two period moving average forecast for Bank of Queensland is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Bank of Queensland Simple Moving Average Price Forecast For the 15th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of Bank of Queensland on the next trading day is expected to be 103.51 with a mean absolute deviation of 0.25, mean absolute percentage error of 0.12, and the sum of the absolute errors of 15.07.
Please note that although there have been many attempts to predict Bank 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 Stock Forecast Pattern

JavaScript chart by amCharts 3.21.15Sep 30Oct 8Oct 16Oct 24Nov 1Nov 11Nov 19Nov 27Dec 5Dec 13102.5103.0103.5104.0
JavaScript chart by amCharts 3.21.15Bank of Queensland Bank of Queensland forecast
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Bank of Queensland Forecasted Value

In the context of forecasting Bank of Queensland'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. Bank of Queensland's downside and upside margins for the forecasting period are 103.15 and 103.87, 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
103.51
103.15
Downside
103.51
Expected Value
103.87
Upside

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 Bank of Queensland stock data series using in forecasting. Note that when a statistical model is used to represent Bank of Queensland 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 Criteria114.1104
BiasArithmetic mean of the errors -0.0136
MADMean absolute deviation0.2512
MAPEMean absolute percentage error0.0024
SAESum of the absolute errors15.075
The simple moving average model is conceptually a linear regression of the current value of Bank of Queensland price series against current and previous (unobserved) value of Bank of Queensland. 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

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 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.
Hype
Prediction
LowEstimatedHigh
103.15103.51103.87
Details
Intrinsic
Valuation
LowRealHigh
92.7593.11113.86
Details
Bollinger
Band Projection (param)
LowMiddleHigh
102.93103.67104.41
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 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 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 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 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 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 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.
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Other Information on Investing in Bank Stock

Bank of Queensland financial ratios help investors to determine whether Bank 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.