Itau CorpBanca Stock Forecast - Naive Prediction
| ITCBDelisted Stock | USD 3.42 0.03 0.87% |
The Naive Prediction forecasted value of Itau CorpBanca ADR on the next trading day is expected to be 3.34 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.73. Itau Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Itau CorpBanca stock prices and determine the direction of Itau CorpBanca ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Itau CorpBanca's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Itau |
Most investors in Itau CorpBanca 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 Itau CorpBanca's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Itau CorpBanca's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Itau CorpBanca is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Itau CorpBanca ADR 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. Itau CorpBanca Naive Prediction Price Forecast For the 19th of April
Given 90 days horizon, the Naive Prediction forecasted value of Itau CorpBanca ADR on the next trading day is expected to be 3.34 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.73.Please note that although there have been many attempts to predict Itau 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 Itau CorpBanca's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Itau CorpBanca Stock Forecast Pattern
| Backtest Itau CorpBanca | Itau CorpBanca 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 Itau CorpBanca stock data series using in forecasting. Note that when a statistical model is used to represent Itau CorpBanca 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 | 113.4555 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0775 |
| MAPE | Mean absolute percentage error | 0.024 |
| SAE | Sum of the absolute errors | 4.729 |
Predictive Modules for Itau CorpBanca
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Itau CorpBanca ADR. 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 Itau CorpBanca'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.
View Itau CorpBanca Related Equities
| Risk & Return | Correlation |
Itau CorpBanca Market Strength Events
Market strength indicators help investors to evaluate how Itau CorpBanca stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Itau CorpBanca shares will generate the highest return on investment. By undertsting and applying Itau CorpBanca stock market strength indicators, traders can identify Itau CorpBanca ADR entry and exit signals to maximize returns.
Itau CorpBanca Risk Indicators
The analysis of Itau CorpBanca'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 Itau CorpBanca's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting itau 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 | 1.73 | |||
| Semi Deviation | 2.2 | |||
| Standard Deviation | 2.26 | |||
| Variance | 5.12 | |||
| Downside Variance | 5.75 | |||
| Semi Variance | 4.85 | |||
| Expected Short fall | (1.76) |
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 Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Itau CorpBanca ADR information on this page should be used as a complementary analysis to other Itau CorpBanca's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Other Consideration for investing in Itau Stock
If you are still planning to invest in Itau CorpBanca ADR check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Itau CorpBanca's history and understand the potential risks before investing.
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