ECB Bancorp Stock Forecast - Naive Prediction
| ECBK Stock | USD 17.16 0.04 0.23% |
The Naive Prediction forecasted value of ECB Bancorp on the next trading day is expected to be 16.99 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.55. ECB Stock Forecast is based on your current time horizon. Although ECB 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 ECB Bancorp's systematic risk associated with finding meaningful patterns of ECB Bancorp fundamentals over time.
As of now the relative strength index (rsi) of ECB Bancorp's share price is below 20 suggesting that the 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 10
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 1.109 | Quarterly Revenue Growth 0.315 |
Using ECB Bancorp hype-based prediction, you can estimate the value of ECB Bancorp from the perspective of ECB Bancorp response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of ECB Bancorp on the next trading day is expected to be 16.99 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.55. ECB Bancorp after-hype prediction price | USD 17.23 |
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 stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of ECB Bancorp to cross-verify your projections. ECB Bancorp Additional Predictive Modules
Most predictive techniques to examine ECB price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for ECB using various technical indicators. When you analyze ECB 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 |
ECB Bancorp Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the ECB Bancorp's financial statements, predicting their influence on future market prices.
Cash | First Reported 2010-12-31 | Previous Quarter 181.4 M | Current Value 95.8 M | Quarterly Volatility 44.1 M |
ECB Bancorp Naive Prediction Price Forecast For the 7th of January
Given 90 days horizon, the Naive Prediction forecasted value of ECB Bancorp on the next trading day is expected to be 16.99 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.09, and the sum of the absolute errors of 13.55.Please note that although there have been many attempts to predict ECB 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 ECB Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ECB Bancorp Stock Forecast Pattern
| Backtest ECB Bancorp | ECB Bancorp Price Prediction | Buy or Sell Advice |
ECB Bancorp Forecasted Value
In the context of forecasting ECB 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. ECB Bancorp's downside and upside margins for the forecasting period are 15.33 and 18.65, respectively. We have considered ECB 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of ECB Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent ECB 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 | 115.6691 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2221 |
| MAPE | Mean absolute percentage error | 0.0135 |
| SAE | Sum of the absolute errors | 13.5474 |
Predictive Modules for ECB 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 ECB 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.Other Forecasting Options for ECB Bancorp
For every potential investor in ECB, whether a beginner or expert, ECB Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ECB Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ECB. Basic forecasting techniques help filter out the noise by identifying ECB Bancorp's price trends.ECB 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 ECB Bancorp stock to make a market-neutral strategy. Peer analysis of ECB Bancorp could also be used in its relative valuation, which is a method of valuing ECB Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ECB 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 ECB 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 ECB Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ECB Bancorp Market Strength Events
Market strength indicators help investors to evaluate how ECB 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 ECB Bancorp shares will generate the highest return on investment. By undertsting and applying ECB Bancorp stock market strength indicators, traders can identify ECB Bancorp entry and exit signals to maximize returns.
ECB Bancorp Risk Indicators
The analysis of ECB 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 ECB Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ecb 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 | 1.12 | |||
| Semi Deviation | 1.44 | |||
| Standard Deviation | 1.67 | |||
| Variance | 2.79 | |||
| Downside Variance | 2.64 | |||
| Semi Variance | 2.08 | |||
| Expected Short fall | (1.15) |
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.
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Try AI Portfolio ProphetCheck out Historical Fundamental Analysis of ECB Bancorp to cross-verify your projections. For more information on how to buy ECB Stock please use our How to buy in ECB Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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 ECB Bancorp. If investors know ECB 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 ECB 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 1.109 | Earnings Share 0.8 | Revenue Per Share | Quarterly Revenue Growth 0.315 | Return On Assets |
The market value of ECB Bancorp is measured differently than its book value, which is the value of ECB that is recorded on the company's balance sheet. Investors also form their own opinion of ECB Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ECB 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 ECB Bancorp's market value can be influenced by many factors that don't directly affect ECB 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 ECB Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ECB Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ECB 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.