ConnectOne Bancorp Stock Forecast - 8 Period Moving Average
| CNOB Stock | USD 17.87 0.01 0.06% |
The 8 Period Moving Average forecasted value of ConnectOne Bancorp on the next trading day is expected to be 18.31 with a mean absolute deviation of 0.56 and the sum of the absolute errors of 29.89. ConnectOne Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ConnectOne Bancorp stock prices and determine the direction of ConnectOne Bancorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ConnectOne Bancorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although ConnectOne Bancorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ConnectOne Bancorp's systematic risk associated with finding meaningful patterns of ConnectOne Bancorp fundamentals over time.
Check out Historical Fundamental Analysis of ConnectOne Bancorp to cross-verify your projections. ConnectOne |
Open Interest Against 2024-04-19 ConnectOne Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ConnectOne Bancorp'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 ConnectOne Bancorp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ConnectOne Bancorp 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 ConnectOne Bancorp's open interest, investors have to compare it to ConnectOne Bancorp'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 ConnectOne Bancorp 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 ConnectOne. 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 ConnectOne Bancorp 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 ConnectOne Bancorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ConnectOne Bancorp's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for ConnectOne Bancorp is based on an artificially constructed time series of ConnectOne Bancorp 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. ConnectOne Bancorp 8 Period Moving Average Price Forecast For the 17th of April 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of ConnectOne Bancorp on the next trading day is expected to be 18.31 with a mean absolute deviation of 0.56, mean absolute percentage error of 0.64, and the sum of the absolute errors of 29.89.Please note that although there have been many attempts to predict ConnectOne 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 ConnectOne Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ConnectOne Bancorp Stock Forecast Pattern
| Backtest ConnectOne Bancorp | ConnectOne Bancorp Price Prediction | Buy or Sell Advice |
ConnectOne Bancorp Forecasted Value
In the context of forecasting ConnectOne Bancorp'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. ConnectOne Bancorp's downside and upside margins for the forecasting period are 16.02 and 20.60, respectively. We have considered ConnectOne Bancorp'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 ConnectOne Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent ConnectOne Bancorp 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 | 102.9564 |
| Bias | Arithmetic mean of the errors | 0.4587 |
| MAD | Mean absolute deviation | 0.564 |
| MAPE | Mean absolute percentage error | 0.0286 |
| SAE | Sum of the absolute errors | 29.8925 |
Predictive Modules for ConnectOne Bancorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ConnectOne 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ConnectOne Bancorp'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 ConnectOne Bancorp
For every potential investor in ConnectOne, whether a beginner or expert, ConnectOne Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ConnectOne Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ConnectOne. Basic forecasting techniques help filter out the noise by identifying ConnectOne Bancorp's price trends.ConnectOne Bancorp 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 ConnectOne Bancorp stock to make a market-neutral strategy. Peer analysis of ConnectOne Bancorp could also be used in its relative valuation, which is a method of valuing ConnectOne Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ConnectOne 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 ConnectOne Bancorp'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 ConnectOne Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ConnectOne Bancorp Market Strength Events
Market strength indicators help investors to evaluate how ConnectOne Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ConnectOne Bancorp shares will generate the highest return on investment. By undertsting and applying ConnectOne Bancorp stock market strength indicators, traders can identify ConnectOne Bancorp entry and exit signals to maximize returns.
ConnectOne Bancorp Risk Indicators
The analysis of ConnectOne Bancorp'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 ConnectOne Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting connectone 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 | 1.57 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.96 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ConnectOne Bancorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ConnectOne Bancorp's short interest history, or implied volatility extrapolated from ConnectOne Bancorp options trading.
Pair Trading with ConnectOne Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConnectOne Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConnectOne Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with ConnectOne Stock
| 0.77 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.91 | BY | Byline Bancorp Report 25th of April 2024 | PairCorr |
| 0.67 | PB | Prosperity Bancshares Report 24th of April 2024 | PairCorr |
Moving against ConnectOne Stock
| 0.87 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.81 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
| 0.81 | TECTP | Tectonic Financial | PairCorr |
| 0.78 | WF | Woori Financial Group Earnings Call This Week | PairCorr |
| 0.78 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to ConnectOne Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConnectOne Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConnectOne Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConnectOne Bancorp to buy it.
The correlation of ConnectOne Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConnectOne Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConnectOne Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ConnectOne Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of ConnectOne Bancorp to cross-verify your projections. For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for ConnectOne Stock analysis
When running ConnectOne Bancorp's price analysis, check to measure ConnectOne Bancorp'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 ConnectOne Bancorp is operating at the current time. Most of ConnectOne Bancorp's value examination focuses on studying past and present price action to predict the probability of ConnectOne Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConnectOne Bancorp's price. Additionally, you may evaluate how the addition of ConnectOne Bancorp to your portfolios can decrease your overall portfolio volatility.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |
Is ConnectOne Bancorp'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 ConnectOne Bancorp. If investors know ConnectOne 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 ConnectOne Bancorp 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 (0.41) | Dividend Share 0.68 | Earnings Share 2.07 | Revenue Per Share 6.723 | Quarterly Revenue Growth (0.19) |
The market value of ConnectOne Bancorp is measured differently than its book value, which is the value of ConnectOne that is recorded on the company's balance sheet. Investors also form their own opinion of ConnectOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ConnectOne Bancorp'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 ConnectOne Bancorp's market value can be influenced by many factors that don't directly affect ConnectOne Bancorp'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 ConnectOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ConnectOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConnectOne Bancorp'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.