Sampath Bank Stock Forecast - Naive Prediction

A naive forecasting model for Sampath Bank is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Sampath Bank PLC 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.

Sampath Bank Naive Prediction Price Forecast For the 13th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Sampath Bank PLC on the next trading day is expected to be 102.39 with a mean absolute deviation of 1.05, mean absolute percentage error of 1.77, and the sum of the absolute errors of 63.92.

Sampath Bank Stock Forecast Pattern

Sampath Bank Forecasted Value

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 Sampath Bank stock data series using in forecasting. Note that when a statistical model is used to represent Sampath Bank 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. This model is not at all useful as a medium-long range forecasting tool of Sampath Bank PLC. 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 Sampath Bank. 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 Sampath Bank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sampath Bank PLC. 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 Low Estimated High 99.39 100.75 102.11 Details

Intrinsic Valuation Low Real High 76.22 77.58 110.83 Details

Bollinger Band Projection (param) Low Middle High 91.79 97.82 103.86 Details

Other Forecasting Options for Sampath Bank

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

Sampath Bank Related Equities

Risk & Return

Correlation

Sampath Bank PLC 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 Sampath Bank'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 Sampath Bank's current price.

Sampath Bank Market Strength Events

Sampath Bank Risk Indicators

Other Information on Investing in Sampath Stock