Bank of NT Stock Forecast - 8 Period Moving Average
| NTB Stock | USD 35.76 0.05 0.14% |
The 8 Period Moving Average forecasted value of Bank of NT on the next trading day is expected to be 35.44 with a mean absolute deviation of 0.76 and the sum of the absolute errors of 40.18. Bank Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bank of NT stock prices and determine the direction of Bank of NT's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bank of NT's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Bank of NT's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bank of NT's systematic risk associated with finding meaningful patterns of Bank of NT fundamentals over time.
Check out Historical Fundamental Analysis of Bank of NT to cross-verify your projections. Bank |
Open Interest Against 2024-05-17 Bank Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Bank of NT'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 Bank of NT's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Bank of NT 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 Bank of NT's open interest, investors have to compare it to Bank of NT'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 Bank of NT 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 Bank. 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.
Most investors in Bank of NT cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bank of NT's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bank of NT's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Bank of NT is based on an artificially constructed time series of Bank of NT daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Bank of NT 8 Period Moving Average Price Forecast For the 17th of May 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Bank of NT on the next trading day is expected to be 35.44 with a mean absolute deviation of 0.76, mean absolute percentage error of 0.96, and the sum of the absolute errors of 40.18.Please note that although there have been many attempts to predict Bank 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 Bank of NT's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bank of NT Stock Forecast Pattern
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Bank of NT Forecasted Value
In the context of forecasting Bank of NT'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. Bank of NT's downside and upside margins for the forecasting period are 34.12 and 36.76, respectively. We have considered Bank of NT'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Bank of NT stock data series using in forecasting. Note that when a statistical model is used to represent Bank of NT 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 | 103.366 |
| Bias | Arithmetic mean of the errors | -0.5203 |
| MAD | Mean absolute deviation | 0.7581 |
| MAPE | Mean absolute percentage error | 0.0234 |
| SAE | Sum of the absolute errors | 40.1813 |
Predictive Modules for Bank of NT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank of NT. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of NT's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Bank of NT
For every potential investor in Bank, whether a beginner or expert, Bank of NT's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bank Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bank. Basic forecasting techniques help filter out the noise by identifying Bank of NT's price trends.Bank of NT 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 Bank of NT stock to make a market-neutral strategy. Peer analysis of Bank of NT could also be used in its relative valuation, which is a method of valuing Bank of NT by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bank of NT 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 Bank of NT'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 Bank of NT's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bank of NT Market Strength Events
Market strength indicators help investors to evaluate how Bank of NT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of NT shares will generate the highest return on investment. By undertsting and applying Bank of NT stock market strength indicators, traders can identify Bank of NT entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 35.76 | |||
| Day Typical Price | 35.76 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.05) | |||
| Relative Strength Index | 77.3 |
Bank of NT Risk Indicators
The analysis of Bank of NT'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 Bank of NT's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bank 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 | 1.07 | |||
| Semi Deviation | 0.9132 | |||
| Standard Deviation | 1.43 | |||
| Variance | 2.06 | |||
| Downside Variance | 1.72 | |||
| Semi Variance | 0.834 | |||
| Expected Short fall | (1.18) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Bank of NT to cross-verify your projections. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Bank Stock analysis
When running Bank of NT's price analysis, check to measure Bank of NT'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 Bank of NT is operating at the current time. Most of Bank of NT's value examination focuses on studying past and present price action to predict the probability of Bank of NT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of NT's price. Additionally, you may evaluate how the addition of Bank of NT to your portfolios can decrease your overall portfolio volatility.
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Is Bank of NT's industry 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 Bank of NT. If investors know Bank 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 Bank of NT 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 0.232 | Dividend Share 1.76 | Earnings Share 4.47 | Revenue Per Share 11.969 | Quarterly Revenue Growth 0.069 |
The market value of Bank of NT is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of NT's value that differs from its market value or its book value, called intrinsic value, which is Bank of NT's 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 Bank of NT's market value can be influenced by many factors that don't directly affect Bank of NT's 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 Bank of NT's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of NT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of NT's 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.