Peoples Bancorp Stock Forecast - Triple Exponential Smoothing
| PEBK Stock | USD 27.48 0.02 0.07% |
The Triple Exponential Smoothing forecasted value of Peoples Bancorp of on the next trading day is expected to be 27.43 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.48. Peoples Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Peoples Bancorp stock prices and determine the direction of Peoples Bancorp of's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Peoples Bancorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Peoples 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 Peoples Bancorp's systematic risk associated with finding meaningful patterns of Peoples Bancorp fundamentals over time.
Check out Historical Fundamental Analysis of Peoples Bancorp to cross-verify your projections. Peoples |
Most investors in Peoples 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 Peoples Bancorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Peoples Bancorp's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for Peoples Bancorp - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Peoples Bancorp prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Peoples Bancorp price movement. However, neither of these exponential smoothing models address any seasonality of Peoples Bancorp. Peoples Bancorp Triple Exponential Smoothing Price Forecast For the 18th of April 2024
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Peoples Bancorp of on the next trading day is expected to be 27.43 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.18, and the sum of the absolute errors of 15.48.Please note that although there have been many attempts to predict Peoples 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 Peoples Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Peoples Bancorp Stock Forecast Pattern
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Peoples Bancorp Forecasted Value
In the context of forecasting Peoples 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. Peoples Bancorp's downside and upside margins for the forecasting period are 25.86 and 29.01, respectively. We have considered Peoples 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Peoples Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent Peoples 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.0154 |
| MAD | Mean absolute deviation | 0.2624 |
| MAPE | Mean absolute percentage error | 0.01 |
| SAE | Sum of the absolute errors | 15.4794 |
Predictive Modules for Peoples 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 Peoples 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 Peoples 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 Peoples Bancorp
For every potential investor in Peoples, whether a beginner or expert, Peoples Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Peoples Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Peoples. Basic forecasting techniques help filter out the noise by identifying Peoples Bancorp's price trends.Peoples 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 Peoples Bancorp stock to make a market-neutral strategy. Peer analysis of Peoples Bancorp could also be used in its relative valuation, which is a method of valuing Peoples Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Peoples 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 Peoples 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 Peoples Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Peoples Bancorp Market Strength Events
Market strength indicators help investors to evaluate how Peoples 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 Peoples Bancorp shares will generate the highest return on investment. By undertsting and applying Peoples Bancorp stock market strength indicators, traders can identify Peoples Bancorp of entry and exit signals to maximize returns.
Peoples Bancorp Risk Indicators
The analysis of Peoples 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 Peoples Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting peoples 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 | 0.8528 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.37 |
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 Peoples 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, Peoples Bancorp's short interest history, or implied volatility extrapolated from Peoples Bancorp options trading.
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Check out Historical Fundamental Analysis of Peoples Bancorp to cross-verify your projections. For more information on how to buy Peoples Stock please use our How to buy in Peoples Stock guide.Note that the Peoples Bancorp information on this page should be used as a complementary analysis to other Peoples Bancorp'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Peoples Stock analysis
When running Peoples Bancorp's price analysis, check to measure Peoples 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 Peoples Bancorp is operating at the current time. Most of Peoples Bancorp's value examination focuses on studying past and present price action to predict the probability of Peoples 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 Peoples Bancorp's price. Additionally, you may evaluate how the addition of Peoples Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is Peoples 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 Peoples Bancorp. If investors know Peoples 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 Peoples 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 (0.17) | Dividend Share 0.76 | Earnings Share 2.77 | Revenue Per Share 14.022 | Quarterly Revenue Growth (0.06) |
The market value of Peoples Bancorp is measured differently than its book value, which is the value of Peoples that is recorded on the company's balance sheet. Investors also form their own opinion of Peoples Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Peoples 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 Peoples Bancorp's market value can be influenced by many factors that don't directly affect Peoples 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 Peoples Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Peoples Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Peoples 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.