Erste Group Stock Forecast - Naive Prediction

0MJK Stock   53.04  0.03  0.06%   
The Naive Prediction forecasted value of Erste Group Bank on the next trading day is expected to be 53.41 with a mean absolute deviation of 0.53 and the sum of the absolute errors of 32.53. Erste Stock Forecast is based on your current time horizon.
  
At this time, Erste Group's Good Will is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 2.7 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 31.7 B in 2024.
A naive forecasting model for Erste Group is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Erste Group Bank 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.

Erste Group Naive Prediction Price Forecast For the 6th of December

Given 90 days horizon, the Naive Prediction forecasted value of Erste Group Bank on the next trading day is expected to be 53.41 with a mean absolute deviation of 0.53, mean absolute percentage error of 0.47, and the sum of the absolute errors of 32.53.
Please note that although there have been many attempts to predict Erste 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 Erste Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Erste Group Stock Forecast Pattern

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Erste Group Forecasted Value

In the context of forecasting Erste Group'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. Erste Group's downside and upside margins for the forecasting period are 52.34 and 54.49, respectively. We have considered Erste Group'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
53.04
53.41
Expected Value
54.49
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 Erste Group stock data series using in forecasting. Note that when a statistical model is used to represent Erste Group 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 Criteria117.3489
BiasArithmetic mean of the errors None
MADMean absolute deviation0.5333
MAPEMean absolute percentage error0.0106
SAESum of the absolute errors32.5341
This model is not at all useful as a medium-long range forecasting tool of Erste Group Bank. 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 Erste Group. 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 Erste Group

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Erste Group Bank. 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
51.7052.7753.84
Details
Intrinsic
Valuation
LowRealHigh
50.5451.6158.31
Details
Bollinger
Band Projection (param)
LowMiddleHigh
51.5452.1652.79
Details

Other Forecasting Options for Erste Group

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

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

Erste Group Bank 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 Erste Group'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 Erste Group's current price.

Erste Group Market Strength Events

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

Erste Group Risk Indicators

The analysis of Erste Group'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 Erste Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting erste 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.

Also Currently Popular

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.

Additional Tools for Erste Stock Analysis

When running Erste Group's price analysis, check to measure Erste Group'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 Erste Group is operating at the current time. Most of Erste Group's value examination focuses on studying past and present price action to predict the probability of Erste Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erste Group's price. Additionally, you may evaluate how the addition of Erste Group to your portfolios can decrease your overall portfolio volatility.