Mizrahi Tefahot Stock Forecast - Naive Prediction

A naive forecasting model for Mizrahi Tefahot is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Mizrahi Tefahot 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.

Mizrahi Tefahot Naive Prediction Price Forecast For the 27th of November

Given 90 days horizon, the Naive Prediction forecasted value of Mizrahi Tefahot on the next trading day is expected to be 15,685 with a mean absolute deviation of 175.90, mean absolute percentage error of 46,318, and the sum of the absolute errors of 10,906.

Mizrahi Tefahot Stock Forecast Pattern

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Mizrahi Tefahot Price Prediction

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Mizrahi Tefahot 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 Mizrahi Tefahot stock data series using in forecasting. Note that when a statistical model is used to represent Mizrahi Tefahot 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 Mizrahi Tefahot. 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 Mizrahi Tefahot. 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 Mizrahi Tefahot

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mizrahi Tefahot. 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.

Hype Prediction Low Estimated High 16,199 16,200 16,201 Details

Intrinsic Valuation Low Real High 12,756 12,758 17,820 Details

Bollinger Band Projection (param) Low Middle High 15,545 15,974 16,404 Details

Other Forecasting Options for Mizrahi Tefahot

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

Mizrahi Tefahot Related Equities

Risk & Return

Correlation

Mizrahi Tefahot 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 Mizrahi Tefahot'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 Mizrahi Tefahot's current price.

Mizrahi Tefahot Market Strength Events

Mizrahi Tefahot Risk Indicators

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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.

Other Information on Investing in Mizrahi Stock