Concordia Financial OTC Stock Forecast - Naive Prediction
| CRDIY Stock | USD 26.29 1.21 4.40% |
The Naive Prediction forecasted value of Concordia Financial Group on the next trading day is expected to be 24.73 with a mean absolute deviation of 0.61 and the sum of the absolute errors of 37.08. Concordia OTC Stock Forecast is based on your current time horizon.
At this time the value of rsi of Concordia Financial's share price is below 20 suggesting that the otc stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
It is a matter of debate whether otc price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Concordia Financial based on different types of headlines from major news networks to social media. Using Concordia Financial hype-based prediction, you can estimate the value of Concordia Financial Group from the perspective of Concordia Financial response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Concordia Financial Group on the next trading day is expected to be 24.73 with a mean absolute deviation of 0.61 and the sum of the absolute errors of 37.08. Concordia Financial after-hype prediction price | USD 26.66 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as otc price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Concordia |
Concordia Financial Additional Predictive Modules
Most predictive techniques to examine Concordia price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Concordia using various technical indicators. When you analyze Concordia 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Concordia Financial Naive Prediction Price Forecast For the 26th of January
Given 90 days horizon, the Naive Prediction forecasted value of Concordia Financial Group on the next trading day is expected to be 24.73 with a mean absolute deviation of 0.61, mean absolute percentage error of 0.58, and the sum of the absolute errors of 37.08.Please note that although there have been many attempts to predict Concordia OTC 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 Concordia Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Concordia Financial OTC Stock Forecast Pattern
| Backtest Concordia Financial | Concordia Financial Price Prediction | Buy or Sell Advice |
Concordia Financial Forecasted Value
In the context of forecasting Concordia Financial's OTC 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. Concordia Financial's downside and upside margins for the forecasting period are 20.81 and 28.64, respectively. We have considered Concordia Financial'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Concordia Financial otc stock data series using in forecasting. Note that when a statistical model is used to represent Concordia Financial otc 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 | 117.5623 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6079 |
| MAPE | Mean absolute percentage error | 0.025 |
| SAE | Sum of the absolute errors | 37.0838 |
Predictive Modules for Concordia Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Concordia Financial. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Concordia Financial After-Hype Price Prediction Density Analysis
As far as predicting the price of Concordia Financial at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Concordia Financial or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of OTC Stock prices, such as prices of Concordia Financial, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Concordia Financial Estimiated After-Hype Price Volatility
In the context of predicting Concordia Financial's otc stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Concordia Financial's historical news coverage. Concordia Financial's after-hype downside and upside margins for the prediction period are 22.71 and 30.61, respectively. We have considered Concordia Financial's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Concordia Financial is not too volatile at this time. Analysis and calculation of next after-hype price of Concordia Financial is based on 3 months time horizon.
Concordia Financial OTC Stock Price Prediction Analysis
Have you ever been surprised when a price of a OTC Stock such as Concordia Financial is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Concordia Financial backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the OTC price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Concordia Financial, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.35 | 3.91 | 0.33 | 0.03 | 4 Events / Month | 1 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
26.29 | 26.66 | 1.41 |
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Concordia Financial Hype Timeline
Concordia Financial is currently traded for 26.29. The entity has historical hype elasticity of -0.33, and average elasticity to hype of competition of -0.03. Concordia is forecasted to increase in value after the next headline, with the price projected to jump to 26.66 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is anticipated to be 1.41%, whereas the daily expected return is currently at 0.35%. The volatility of related hype on Concordia Financial is about 4204.3%, with the expected price after the next announcement by competition of 26.26. The company reported the revenue of 264.89 B. Net Income was 53.88 B with profit before overhead, payroll, taxes, and interest of 268.37 B. Assuming the 90 days horizon the next forecasted press release will be in about 4 days. Check out Historical Fundamental Analysis of Concordia Financial to cross-verify your projections.Concordia Financial Related Hype Analysis
Having access to credible news sources related to Concordia Financial's direct competition is more important than ever and may enhance your ability to predict Concordia Financial's future price movements. Getting to know how Concordia Financial's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Concordia Financial may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CHBAF | The Chiba Bank | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AGRPF | Absa Group Limited | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| PTBRY | Bank Negara Indonesia | 0.00 | 0 per month | 3.18 | 0.05 | 6.83 | (7.61) | 23.19 | |
| BPOP | Popular | (0.93) | 15 per month | 1.55 | (0.01) | 2.67 | (2.44) | 6.25 | |
| BNMDF | Banca Mediolanum SpA | 0.00 | 0 per month | 0.00 | 0.09 | 0.00 | 0.00 | 31.83 | |
| BPHLF | Bank | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ALBKY | Alpha Bank SA | 0.00 | 0 per month | 3.64 | 0.02 | 5.15 | (4.35) | 20.08 | |
| BKKPF | Bangkok Bank Public | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CHBAY | Chiba Bank Ltd | 0.00 | 0 per month | 0.00 | 0.1 | 0.00 | 0.00 | 14.90 | |
| ISDAF | Israel Discount Bank | 0.00 | 0 per month | 0.00 | (0.08) | 0.00 | 0.00 | 4.56 |
Other Forecasting Options for Concordia Financial
For every potential investor in Concordia, whether a beginner or expert, Concordia Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Concordia OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Concordia. Basic forecasting techniques help filter out the noise by identifying Concordia Financial's price trends.Concordia Financial 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 Concordia Financial otc stock to make a market-neutral strategy. Peer analysis of Concordia Financial could also be used in its relative valuation, which is a method of valuing Concordia Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Concordia Financial Market Strength Events
Market strength indicators help investors to evaluate how Concordia Financial otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Concordia Financial shares will generate the highest return on investment. By undertsting and applying Concordia Financial otc stock market strength indicators, traders can identify Concordia Financial Group entry and exit signals to maximize returns.
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 26.29 | |||
| Day Typical Price | 26.29 | |||
| Price Action Indicator | (0.61) | |||
| Period Momentum Indicator | (1.21) |
Concordia Financial Risk Indicators
The analysis of Concordia Financial'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 Concordia Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting concordia otc 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 | 2.87 | |||
| Semi Deviation | 3.62 | |||
| Standard Deviation | 3.91 | |||
| Variance | 15.32 | |||
| Downside Variance | 29.45 | |||
| Semi Variance | 13.1 | |||
| Expected Short fall | (3.45) |
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.
Story Coverage note for Concordia Financial
The number of cover stories for Concordia Financial depends on current market conditions and Concordia Financial's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Concordia Financial is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Concordia Financial's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Concordia Financial Short Properties
Concordia Financial's future price predictability will typically decrease when Concordia Financial's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Concordia Financial Group often depends not only on the future outlook of the potential Concordia Financial's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Concordia Financial's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B | |
| Dividends Paid | 20.6 B | |
| Forward Annual Dividend Rate | 0.45 | |
| Shares Float | 394.7 M |
Additional Tools for Concordia OTC Stock Analysis
When running Concordia Financial's price analysis, check to measure Concordia Financial'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 Concordia Financial is operating at the current time. Most of Concordia Financial's value examination focuses on studying past and present price action to predict the probability of Concordia Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concordia Financial's price. Additionally, you may evaluate how the addition of Concordia Financial to your portfolios can decrease your overall portfolio volatility.