Eastern Bankshares Stock Forecast - 4 Period Moving Average
| EBC Stock | USD 18.83 0.30 1.62% |
The 4 Period Moving Average forecasted value of Eastern Bankshares on the next trading day is expected to be 18.53 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 21.14. Eastern Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eastern Bankshares stock prices and determine the direction of Eastern Bankshares's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eastern Bankshares' historical fundamentals, such as revenue growth or operating cash flow patterns.
Eastern |
Eastern Bankshares 4 Period Moving Average Price Forecast For the 23rd of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Eastern Bankshares on the next trading day is expected to be 18.53 with a mean absolute deviation of 0.37, mean absolute percentage error of 0.27, and the sum of the absolute errors of 21.14.Please note that although there have been many attempts to predict Eastern 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 Eastern Bankshares' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eastern Bankshares Stock Forecast Pattern
| Backtest Eastern Bankshares | Eastern Bankshares Price Prediction | Buy or Sell Advice |
Eastern Bankshares Forecasted Value
In the context of forecasting Eastern Bankshares' 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. Eastern Bankshares' downside and upside margins for the forecasting period are 16.16 and 20.89, respectively. We have considered Eastern Bankshares' 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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Eastern Bankshares stock data series using in forecasting. Note that when a statistical model is used to represent Eastern Bankshares 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 | 109.4455 |
| Bias | Arithmetic mean of the errors | -0.0826 |
| MAD | Mean absolute deviation | 0.3709 |
| MAPE | Mean absolute percentage error | 0.0217 |
| SAE | Sum of the absolute errors | 21.14 |
Predictive Modules for Eastern Bankshares
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Bankshares. 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.Other Forecasting Options for Eastern Bankshares
For every potential investor in Eastern, whether a beginner or expert, Eastern Bankshares' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eastern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eastern. Basic forecasting techniques help filter out the noise by identifying Eastern Bankshares' price trends.View Eastern Bankshares Related Equities
| Risk & Return | Correlation |
Eastern Bankshares 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 Eastern Bankshares' 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 Eastern Bankshares' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eastern Bankshares Market Strength Events
Market strength indicators help investors to evaluate how Eastern Bankshares stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastern Bankshares shares will generate the highest return on investment. By undertsting and applying Eastern Bankshares stock market strength indicators, traders can identify Eastern Bankshares entry and exit signals to maximize returns.
| Accumulation Distribution | 18052.4 | |||
| Daily Balance Of Power | 0.9091 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 18.69 | |||
| Day Typical Price | 18.73 | |||
| Price Action Indicator | 0.29 | |||
| Period Momentum Indicator | 0.3 |
Eastern Bankshares Risk Indicators
The analysis of Eastern Bankshares' 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 Eastern Bankshares' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eastern 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 | 1.43 | |||
| Semi Deviation | 1.6 | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.85 | |||
| Downside Variance | 3.58 | |||
| Semi Variance | 2.55 | |||
| Expected Short fall | (1.63) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Eastern Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastern Bankshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastern Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastern Bankshares Stock:Check out Historical Fundamental Analysis of Eastern Bankshares to cross-verify your projections. For information on how to trade Eastern Stock refer to our How to Trade Eastern Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Regional Banks space 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 Eastern Bankshares. If investors know Eastern 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 Eastern Bankshares 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 (0.46) | Dividend Share 0.44 | Earnings Share 0.53 | Revenue Per Share 3.554 | Quarterly Revenue Growth 0.049 |
The market value of Eastern Bankshares is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Eastern Bankshares' 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 Eastern Bankshares' market value can be influenced by many factors that don't directly affect Eastern Bankshares' 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 Eastern Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern Bankshares' 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.