Premier Financial Stock Forecast - Naive Prediction

PFC Stock  USD 28.66  0.85  3.06%   
The Naive Prediction forecasted value of Premier Financial Corp on the next trading day is expected to be 28.06 with a mean absolute deviation of 0.56 and the sum of the absolute errors of 34.34. Premier Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Premier Financial stock prices and determine the direction of Premier Financial Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Premier Financial's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
The current year's Asset Turnover is expected to grow to 0.05, whereas Inventory Turnover is projected to grow to (0). . The current year's Net Income Applicable To Common Shares is expected to grow to about 123.4 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 18.7 M.

Premier Financial Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Premier Financial's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
1993-12-31
Previous Quarter
155.7 M
Current Value
125.3 M
Quarterly Volatility
63.8 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Premier Financial is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Premier Financial Corp value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Premier Financial Naive Prediction Price Forecast For the 10th of December

Given 90 days horizon, the Naive Prediction forecasted value of Premier Financial Corp on the next trading day is expected to be 28.06 with a mean absolute deviation of 0.56, mean absolute percentage error of 0.53, and the sum of the absolute errors of 34.34.
Please note that although there have been many attempts to predict Premier 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 Premier Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Premier Financial Stock Forecast Pattern

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Premier Financial Forecasted Value

In the context of forecasting Premier Financial'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. Premier Financial's downside and upside margins for the forecasting period are 25.50 and 30.62, respectively. We have considered Premier Financial'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
28.66
28.06
Expected Value
30.62
Upside

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 Premier Financial stock data series using in forecasting. Note that when a statistical model is used to represent Premier Financial 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 Criteria117.4778
BiasArithmetic mean of the errors None
MADMean absolute deviation0.563
MAPEMean absolute percentage error0.022
SAESum of the absolute errors34.3433
This model is not at all useful as a medium-long range forecasting tool of Premier Financial Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Premier Financial. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Premier Financial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Premier Financial Corp. 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
26.1228.6631.20
Details
Intrinsic
Valuation
LowRealHigh
20.2422.7831.53
Details
Bollinger
Band Projection (param)
LowMiddleHigh
26.4227.9429.46
Details
4 Analysts
Consensus
LowTargetHigh
21.6123.7526.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Premier Financial. Your research has to be compared to or analyzed against Premier Financial's peers to derive any actionable benefits. When done correctly, Premier Financial'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 Premier Financial Corp.

Other Forecasting Options for Premier Financial

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

View Premier Financial Related Equities

 Risk & Return  Correlation

Premier Financial Corp 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 Premier Financial'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 Premier Financial's current price.

Premier Financial Market Strength Events

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

Premier Financial Risk Indicators

The analysis of Premier Financial'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 Premier Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting premier 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.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Premier Financial Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Premier Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Premier Financial Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Premier Financial Corp Stock:
Check out Historical Fundamental Analysis of Premier Financial to cross-verify your projections.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Premier Financial. If investors know Premier will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Premier Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.33)
Dividend Share
1.24
Earnings Share
1.97
Revenue Per Share
6.89
Quarterly Revenue Growth
(0.07)
The market value of Premier Financial Corp is measured differently than its book value, which is the value of Premier that is recorded on the company's balance sheet. Investors also form their own opinion of Premier Financial's value that differs from its market value or its book value, called intrinsic value, which is Premier Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Premier Financial's market value can be influenced by many factors that don't directly affect Premier Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Premier Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Premier Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premier Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.