Bank of Ireland Group PLC Pink Sheet Forecast - Naive Prediction

Bank of Ireland Group PLC Additional Predictive Modules

Most predictive techniques to examine Bank price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bank using various technical indicators. When you analyze Bank charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. A naive forecasting model for Bank of Ireland Group PLC is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Bank of Ireland 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.

Bank of Ireland Group PLC Naive Prediction Price Forecast For the 29th of January

Given 90 days horizon, the Naive Prediction forecasted value of Bank of Ireland on the next trading day is expected to be 20.04 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.15, and the sum of the absolute errors of 18.03.

Bank of Ireland Group PLC Pink Sheet Forecast Pattern

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Bank of Ireland Group PLC Price Prediction

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Bank of Ireland Group PLC Forecasted Value

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 Bank of Ireland Group PLC pink sheet data series using in forecasting. Note that when a statistical model is used to represent Bank of Ireland Group PLC pink sheet, 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. This model is not at all useful as a medium-long range forecasting tool of Bank of Ireland. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Bank of Ireland Group PLC. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Bank of Ireland Group PLC

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 Ireland Group PLC. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.

Hype Prediction Low Estimated High 13.67 15.95 21.95 Details

Intrinsic Valuation Low Real High 14.28 16.56 21.95 Details

Bollinger Band Projection (param) Low Middle High 18.66 19.21 19.77 Details

Bank of Ireland Group PLC After-Hype Price Density Analysis

Bank of Ireland Group PLC Estimiated After-Hype Price Volatility

Bank of Ireland Group PLC Pink Sheet Price Outlook Analysis

Notes

Bank of Ireland Group PLC Hype Timeline

Bank of Ireland Group PLC is currently traded for 19.95. The entity has historical hype elasticity of -4.0, and average elasticity to hype of competition of 0.01. Bank is forecasted to decline in value after the next headline, with the price expected to drop to 15.95. The average volatility of media hype impact on the company price is about 19.96%. The price reduction on the next news is expected to be -20.05%, whereas the daily expected return is currently at 0.35%. The volatility of related hype on Bank of Ireland Group PLC is about 6333.33%, with the expected price after the next announcement by competition of 19.96. About 63.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.72. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bank of Ireland Group PLC last dividend was issued on the 12th of May 2022. The entity had 1:30 split on the 7th of July 2017. Assuming the 90 days horizon the next forecasted press release will be in about 8 days. Check out Historical Fundamental Analysis of Bank of Ireland Group PLC to cross-verify your projections.

Bank of Ireland Group PLC Related Hype Analysis

Other Forecasting Options for Bank of Ireland Group PLC

For every potential investor in Bank, whether a beginner or expert, Bank of Ireland Group PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bank Pink Sheet 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 Ireland Group PLC's price trends.

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Correlation

Bank of Ireland Group PLC Market Strength Events

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