Commonwealth Bank Pink Sheet Forecast - Naive Prediction

Commonwealth Bank Additional Predictive Modules

Most predictive techniques to examine Commonwealth price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Commonwealth using various technical indicators. When you analyze Commonwealth 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 Commonwealth Bank is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Commonwealth Bank of 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.

Commonwealth Bank Naive Prediction Price Forecast For the 27th of January

Given 90 days horizon, the Naive Prediction forecasted value of Commonwealth Bank of on the next trading day is expected to be 93.85 with a mean absolute deviation of 2.14, mean absolute percentage error of 7.09, and the sum of the absolute errors of 130.73.

Commonwealth Bank Pink Sheet Forecast Pattern

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Commonwealth Bank Price Prediction

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Commonwealth Bank 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 Commonwealth Bank pink sheet data series using in forecasting. Note that when a statistical model is used to represent Commonwealth Bank 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 Commonwealth Bank of. 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 Commonwealth Bank. 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 Commonwealth Bank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Commonwealth Bank. 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 95.26 97.63 100.00 Details

Intrinsic Valuation Low Real High 87.87 101.62 104.00 Details

Bollinger Band Projection (param) Low Middle High 98.24 106.59 114.94 Details

Commonwealth Bank After-Hype Price Density Analysis

Commonwealth Bank Estimiated After-Hype Price Volatility

Commonwealth Bank Pink Sheet Price Outlook Analysis

Notes

Commonwealth Bank Hype Timeline

Commonwealth Bank is currently traded for 97.63. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.01. Commonwealth is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at -0.2%. %. The volatility of related hype on Commonwealth Bank is about 4596.15%, with the expected price after the next announcement by competition of 97.64. About 27.0% of the company shares are held by institutions such as insurance companies. The book value of Commonwealth Bank was currently reported as 42.85. The company last dividend was issued on the 17th of August 2022. Commonwealth Bank had 1005:1000 split on the 17th of August 2015. Assuming the 90 days horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Commonwealth Bank to cross-verify your projections.

Commonwealth Bank Related Hype Analysis

Other Forecasting Options for Commonwealth Bank

For every potential investor in Commonwealth, whether a beginner or expert, Commonwealth Bank's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Commonwealth Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Commonwealth. Basic forecasting techniques help filter out the noise by identifying Commonwealth Bank's price trends.

Commonwealth Bank Related Equities

Risk & Return

Correlation

Commonwealth Bank Market Strength Events

Commonwealth Bank Risk Indicators

Story Coverage note for Commonwealth Bank

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Commonwealth Bank Short Properties

Other Information on Investing in Commonwealth Pink Sheet