Itau Unibanco Stock Forecast - 20 Period Moving Average
| ITUB Stock | USD 6.10 0.05 0.83% |
The 20 Period Moving Average forecasted value of Itau Unibanco Banco on the next trading day is expected to be 6.43 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 8.66. Itau Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Itau Unibanco stock prices and determine the direction of Itau Unibanco Banco's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Itau Unibanco's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Itau Unibanco's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Itau Unibanco's systematic risk associated with finding meaningful patterns of Itau Unibanco fundamentals over time.
Check out Historical Fundamental Analysis of Itau Unibanco to cross-verify your projections. Itau |
Open Interest Against 2024-05-17 Itau Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Itau Unibanco'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 Itau Unibanco's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Itau Unibanco 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 Itau Unibanco's open interest, investors have to compare it to Itau Unibanco'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 Itau Unibanco 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 Itau. 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 Itau Unibanco 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 Unibanco's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Itau Unibanco's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Itau Unibanco Banco is based on a synthetically constructed Itau Unibancodaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Itau Unibanco 20 Period Moving Average Price Forecast For the 24th of April
Given 90 days horizon, the 20 Period Moving Average forecasted value of Itau Unibanco Banco on the next trading day is expected to be 6.43 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.07, and the sum of the absolute errors of 8.66.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 Unibanco's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Itau Unibanco Stock Forecast Pattern
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Itau Unibanco Forecasted Value
In the context of forecasting Itau Unibanco'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. Itau Unibanco's downside and upside margins for the forecasting period are 4.68 and 8.18, respectively. We have considered Itau Unibanco'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Itau Unibanco stock data series using in forecasting. Note that when a statistical model is used to represent Itau Unibanco 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 | 80.599 |
| Bias | Arithmetic mean of the errors | 0.1007 |
| MAD | Mean absolute deviation | 0.2062 |
| MAPE | Mean absolute percentage error | 0.0322 |
| SAE | Sum of the absolute errors | 8.66 |
Predictive Modules for Itau Unibanco
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 Unibanco Banco. 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 Unibanco'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 Itau Unibanco
For every potential investor in Itau, whether a beginner or expert, Itau Unibanco's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Itau Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Itau. Basic forecasting techniques help filter out the noise by identifying Itau Unibanco's price trends.Itau Unibanco 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 Itau Unibanco stock to make a market-neutral strategy. Peer analysis of Itau Unibanco could also be used in its relative valuation, which is a method of valuing Itau Unibanco by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Itau Unibanco Banco 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 Itau Unibanco'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 Itau Unibanco's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Itau Unibanco Market Strength Events
Market strength indicators help investors to evaluate how Itau Unibanco 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 Unibanco shares will generate the highest return on investment. By undertsting and applying Itau Unibanco stock market strength indicators, traders can identify Itau Unibanco Banco entry and exit signals to maximize returns.
| Accumulation Distribution | 245295.0 | |||
| Daily Balance Of Power | 0.3846 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 6.07 | |||
| Day Typical Price | 6.08 | |||
| Price Action Indicator | 0.05 | |||
| Period Momentum Indicator | 0.05 |
Itau Unibanco Risk Indicators
The analysis of Itau Unibanco'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 Unibanco'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 | 1.26 | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.08 |
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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Complementary Tools for Itau Stock analysis
When running Itau Unibanco's price analysis, check to measure Itau Unibanco'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 Itau Unibanco is operating at the current time. Most of Itau Unibanco's value examination focuses on studying past and present price action to predict the probability of Itau Unibanco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itau Unibanco's price. Additionally, you may evaluate how the addition of Itau Unibanco to your portfolios can decrease your overall portfolio volatility.
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Is Itau Unibanco'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 Itau Unibanco. If investors know Itau 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 Itau Unibanco 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 0.203 | Dividend Share 2.193 | Earnings Share 0.64 | Revenue Per Share 12.708 | Quarterly Revenue Growth 0.113 |
The market value of Itau Unibanco Banco is measured differently than its book value, which is the value of Itau that is recorded on the company's balance sheet. Investors also form their own opinion of Itau Unibanco's value that differs from its market value or its book value, called intrinsic value, which is Itau Unibanco'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 Itau Unibanco's market value can be influenced by many factors that don't directly affect Itau Unibanco'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 Itau Unibanco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Itau Unibanco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Itau Unibanco'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.