Penns Woods Stock Forecast - Double Exponential Smoothing
| PWOD Stock | USD 32.28 0.51 1.61% |
The Double Exponential Smoothing forecasted value of Penns Woods Bancorp on the next trading day is expected to be 32.59 with a mean absolute deviation of 0.42 and the sum of the absolute errors of 24.82. Penns Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Penns Woods stock prices and determine the direction of Penns Woods Bancorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Penns Woods' historical fundamentals, such as revenue growth or operating cash flow patterns.
Penns |
Penns Woods Double Exponential Smoothing Price Forecast For the 30th of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Penns Woods Bancorp on the next trading day is expected to be 32.59 with a mean absolute deviation of 0.42, mean absolute percentage error of 0.31, and the sum of the absolute errors of 24.82.Please note that although there have been many attempts to predict Penns 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 Penns Woods' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Penns Woods Stock Forecast Pattern
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Penns Woods Forecasted Value
In the context of forecasting Penns Woods' 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. Penns Woods' downside and upside margins for the forecasting period are 30.63 and 34.55, respectively. We have considered Penns Woods' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Penns Woods stock data series using in forecasting. Note that when a statistical model is used to represent Penns Woods 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.0948 |
| MAD | Mean absolute deviation | 0.4206 |
| MAPE | Mean absolute percentage error | 0.0162 |
| SAE | Sum of the absolute errors | 24.8154 |
Predictive Modules for Penns Woods
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Penns Woods Bancorp. 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 Penns Woods
For every potential investor in Penns, whether a beginner or expert, Penns Woods' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Penns Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Penns. Basic forecasting techniques help filter out the noise by identifying Penns Woods' price trends.Penns Woods 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 Penns Woods stock to make a market-neutral strategy. Peer analysis of Penns Woods could also be used in its relative valuation, which is a method of valuing Penns Woods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Penns Woods Bancorp 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 Penns Woods' 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 Penns Woods' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Penns Woods Market Strength Events
Market strength indicators help investors to evaluate how Penns Woods stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Penns Woods shares will generate the highest return on investment. By undertsting and applying Penns Woods stock market strength indicators, traders can identify Penns Woods Bancorp entry and exit signals to maximize returns.
| Accumulation Distribution | 134.09 | |||
| Daily Balance Of Power | 1.214286 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 32.07 | |||
| Day Typical Price | 32.14 | |||
| Price Action Indicator | 0.47 | |||
| Period Momentum Indicator | 0.51 |
Penns Woods Risk Indicators
The analysis of Penns Woods' 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 Penns Woods' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting penns 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 | 1.46 | |||
| Semi Deviation | 1.19 | |||
| Standard Deviation | 2.0 | |||
| Variance | 3.99 | |||
| Downside Variance | 2.68 | |||
| Semi Variance | 1.41 | |||
| Expected Short fall | (1.77) |
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.When determining whether Penns Woods Bancorp is a strong investment it is important to analyze Penns Woods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Penns Woods' future performance. For an informed investment choice regarding Penns Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Penns Woods to cross-verify your projections. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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 Penns Woods. If investors know Penns 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 Penns Woods 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 1.053 | Dividend Share 1.28 | Earnings Share 2.64 | Revenue Per Share 9.122 | Quarterly Revenue Growth 0.21 |
The market value of Penns Woods Bancorp is measured differently than its book value, which is the value of Penns that is recorded on the company's balance sheet. Investors also form their own opinion of Penns Woods' value that differs from its market value or its book value, called intrinsic value, which is Penns Woods' 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 Penns Woods' market value can be influenced by many factors that don't directly affect Penns Woods' 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 Penns Woods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Penns Woods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penns Woods' 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.