Granit Bank Stock Forecast - Naive Prediction

Granit Bank Additional Predictive Modules

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

Granit Bank Naive Prediction Price Forecast For the 28th of January

Given 90 days horizon, the Naive Prediction forecasted value of Granit Bank Zrt on the next trading day is expected to be 12,748 with a mean absolute deviation of 126.74, mean absolute percentage error of 26,233, and the sum of the absolute errors of 7,731.

Granit Bank Stock Forecast Pattern

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 Granit Bank stock data series using in forecasting. Note that when a statistical model is used to represent Granit Bank 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. This model is not at all useful as a medium-long range forecasting tool of Granit Bank Zrt. 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 Granit 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 Granit 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 Granit Bank Zrt. 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.

Granit Bank Estimiated After-Hype Price Volatility

Granit Bank Stock Price Outlook Analysis

Notes

Granit Bank Hype Timeline

Granit Bank Zrt is currently traded for 12,700on Budapest Stock Exchange of Hungary. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Granit is estimated 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 estimated to be very small, whereas the daily expected return is currently at -0.13%. %. The volatility of related hype on Granit Bank is about 0.0%, with the expected price after the next announcement by competition of 12,700. Assuming the 90 days trading horizon the next estimated press release will be in a few days. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Granit Bank Related Hype Analysis

Granit Bank Related Equities

Risk & Return

Correlation

Granit Bank Market Strength Events

Granit Bank Risk Indicators

Story Coverage note for Granit Bank

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