Truist Financial Stock Forecast - Naive Prediction
| BBK Stock | EUR 41.84 0.35 0.84% |
The Naive Prediction forecasted value of Truist Financial on the next trading day is expected to be 43.02 with a mean absolute deviation of 0.58 and the sum of the absolute errors of 36.19. Truist Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Truist Financial's historical fundamentals, such as revenue growth or operating cash flow patterns.
Truist |
Truist Financial Naive Prediction Price Forecast For the 4th of January
Given 90 days horizon, the Naive Prediction forecasted value of Truist Financial on the next trading day is expected to be 43.02 with a mean absolute deviation of 0.58, mean absolute percentage error of 0.60, and the sum of the absolute errors of 36.19.Please note that although there have been many attempts to predict Truist 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 Truist Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Truist Financial Stock Forecast Pattern
| Backtest Truist Financial | Truist Financial Price Prediction | Buy or Sell Advice |
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 Truist Financial stock data series using in forecasting. Note that when a statistical model is used to represent Truist 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 | 119.4444 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5836 |
| MAPE | Mean absolute percentage error | 0.0142 |
| SAE | Sum of the absolute errors | 36.1857 |
Predictive Modules for Truist 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 Truist 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.Truist Financial 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 Truist Financial stock to make a market-neutral strategy. Peer analysis of Truist Financial could also be used in its relative valuation, which is a method of valuing Truist Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Truist Financial Market Strength Events
Market strength indicators help investors to evaluate how Truist 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 Truist Financial shares will generate the highest return on investment. By undertsting and applying Truist Financial stock market strength indicators, traders can identify Truist Financial entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 41.84 | |||
| Day Typical Price | 41.84 | |||
| Price Action Indicator | 0.18 | |||
| Period Momentum Indicator | 0.35 | |||
| Relative Strength Index | 58.82 |
Truist Financial Risk Indicators
The analysis of Truist 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 Truist Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting truist 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 | 1.44 | |||
| Semi Deviation | 1.34 | |||
| Standard Deviation | 2.01 | |||
| Variance | 4.06 | |||
| Downside Variance | 2.06 | |||
| Semi Variance | 1.79 | |||
| Expected Short fall | (1.85) |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in Truist Stock
Truist Financial financial ratios help investors to determine whether Truist 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 Truist with respect to the benefits of owning Truist Financial security.