Provident Financial Stock Forecast - Naive Prediction
| PFS Stock | USD 19.32 0.08 0.42% |
The Naive Prediction forecasted value of Provident Financial Services on the next trading day is expected to be 19.50 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 20.59. Provident Stock Forecast is based on your current time horizon.
Provident |
Open Interest Against 2025-04-17 Provident Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Provident Financial's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Provident Financial's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Provident Financial stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Provident Financial's open interest, investors have to compare it to Provident Financial's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Provident Financial is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Provident. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Provident Financial's financial statements to predict how it will affect future prices.
Cash | First Reported 2000-12-31 | Previous Quarter 290.6 M | Current Value 244.1 M | Quarterly Volatility 139.3 M |
Provident Financial Naive Prediction Price Forecast For the 20th of January
Given 90 days horizon, the Naive Prediction forecasted value of Provident Financial Services on the next trading day is expected to be 19.50 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.22, and the sum of the absolute errors of 20.59.Please note that although there have been many attempts to predict Provident 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 Provident Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Provident Financial Stock Forecast Pattern
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Provident Financial Forecasted Value
In the context of forecasting Provident 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. Provident Financial's downside and upside margins for the forecasting period are 16.97 and 22.03, respectively. We have considered Provident 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.
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 Provident Financial stock data series using in forecasting. Note that when a statistical model is used to represent Provident 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.| AIC | Akaike Information Criteria | 116.5849 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3375 |
| MAPE | Mean absolute percentage error | 0.0171 |
| SAE | Sum of the absolute errors | 20.5864 |
Predictive Modules for Provident 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 Provident Financial. 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 Provident Financial
For every potential investor in Provident, whether a beginner or expert, Provident Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Provident Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Provident. Basic forecasting techniques help filter out the noise by identifying Provident Financial's price trends.View Provident Financial Related Equities
| Risk & Return | Correlation |
Provident Financial 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 Provident 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 Provident Financial's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
Provident Financial Market Strength Events
Market strength indicators help investors to evaluate how Provident 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 Provident Financial shares will generate the highest return on investment. By undertsting and applying Provident Financial stock market strength indicators, traders can identify Provident Financial Services entry and exit signals to maximize returns.
Provident Financial Risk Indicators
The analysis of Provident 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 Provident Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting provident 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 | 1.63 | |||
| Semi Deviation | 1.95 | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.5 | |||
| Downside Variance | 4.0 | |||
| Semi Variance | 3.81 | |||
| Expected Short fall | (1.74) |
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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Additional Tools for Provident Stock Analysis
When running Provident Financial's price analysis, check to measure Provident Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.