Northeast Bancorp Stock Forecast - Naive Prediction
| NBN Stock | USD 112.22 5.47 5.12% |
The Naive Prediction forecasted value of Northeast Bancorp on the next trading day is expected to be 110.74 with a mean absolute deviation of 1.76 and the sum of the absolute errors of 107.52. Northeast Stock Forecast is based on your current time horizon. Although Northeast 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 Northeast Bancorp's systematic risk associated with finding meaningful patterns of Northeast Bancorp fundamentals over time.
The relative strength index (RSI) of Northeast Bancorp's stock price is about 65. This indicates that the stock is rather overbought by investors as of today. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Northeast, making its price go up or down. Momentum 65
Buy Extended
Oversold | Overbought |
Quarterly Earnings Growth 0.265 | EPS Estimate Next Quarter 2.79 | EPS Estimate Current Year 11.76 | EPS Estimate Next Year 12 | Wall Street Target Price 117.5 |
Using Northeast Bancorp hype-based prediction, you can estimate the value of Northeast Bancorp from the perspective of Northeast Bancorp response to recently generated media hype and the effects of current headlines on its competitors.
Northeast Bancorp Hype to Price Pattern
Investor biases related to Northeast Bancorp's public news can be used to forecast risks associated with an investment in Northeast. The trend in average sentiment can be used to explain how an investor holding Northeast can time the market purely based on public headlines and social activities around Northeast Bancorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Northeast Bancorp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Northeast Bancorp.
The Naive Prediction forecasted value of Northeast Bancorp on the next trading day is expected to be 110.74 with a mean absolute deviation of 1.76 and the sum of the absolute errors of 107.52. Northeast Bancorp after-hype prediction price | USD 112.22 |
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.
Northeast | Build AI portfolio with Northeast Stock |
Northeast Bancorp Additional Predictive Modules
Most predictive techniques to examine Northeast price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Northeast using various technical indicators. When you analyze Northeast 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 |
Northeast Bancorp Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Northeast Bancorp's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 1989-12-31 | Previous Quarter 413.6 M | Current Value 341.8 M | Quarterly Volatility 123.7 M |
Northeast Bancorp Naive Prediction Price Forecast For the 10th of January
Given 90 days horizon, the Naive Prediction forecasted value of Northeast Bancorp on the next trading day is expected to be 110.74 with a mean absolute deviation of 1.76, mean absolute percentage error of 5.20, and the sum of the absolute errors of 107.52.Please note that although there have been many attempts to predict Northeast 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 Northeast Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Northeast Bancorp Stock Forecast Pattern
| Backtest Northeast Bancorp | Northeast Bancorp Price Prediction | Buy or Sell Advice |
Northeast Bancorp Forecasted Value
In the context of forecasting Northeast 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. Northeast Bancorp's downside and upside margins for the forecasting period are 108.22 and 113.26, respectively. We have considered Northeast 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 Northeast Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent Northeast 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 | 119.7591 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.7626 |
| MAPE | Mean absolute percentage error | 0.0185 |
| SAE | Sum of the absolute errors | 107.5204 |
Predictive Modules for Northeast 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 Northeast 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 Northeast Bancorp
For every potential investor in Northeast, whether a beginner or expert, Northeast Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northeast Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northeast. Basic forecasting techniques help filter out the noise by identifying Northeast Bancorp's price trends.Northeast 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 Northeast Bancorp stock to make a market-neutral strategy. Peer analysis of Northeast Bancorp could also be used in its relative valuation, which is a method of valuing Northeast Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Northeast 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 Northeast 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 Northeast Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Northeast Bancorp Market Strength Events
Market strength indicators help investors to evaluate how Northeast 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 Northeast Bancorp shares will generate the highest return on investment. By undertsting and applying Northeast Bancorp stock market strength indicators, traders can identify Northeast Bancorp entry and exit signals to maximize returns.
Northeast Bancorp Risk Indicators
The analysis of Northeast 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 Northeast Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting northeast 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 | 1.82 | |||
| Semi Deviation | 2.26 | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.2 | |||
| Downside Variance | 5.53 | |||
| Semi Variance | 5.09 | |||
| Expected Short fall | (2.02) |
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.
Pair Trading with Northeast Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northeast Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northeast Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Northeast Stock
| 0.66 | EFSC | Enterprise Financial | PairCorr |
| 0.63 | FBNC | First Bancorp Normal Trading | PairCorr |
| 0.89 | AUB | Atlantic Union Bankshares Normal Trading | PairCorr |
Moving against Northeast Stock
The ability to find closely correlated positions to Northeast Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northeast Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northeast Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northeast Bancorp to buy it.
The correlation of Northeast Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northeast Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northeast Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northeast Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Northeast Bancorp to cross-verify your projections. To learn how to invest in Northeast Stock, please use our How to Invest in Northeast Bancorp guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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 Northeast Bancorp. If investors know Northeast 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 Northeast 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 0.265 | Dividend Share 0.04 | Earnings Share 10.64 | Revenue Per Share | Quarterly Revenue Growth 0.249 |
The market value of Northeast Bancorp is measured differently than its book value, which is the value of Northeast that is recorded on the company's balance sheet. Investors also form their own opinion of Northeast Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Northeast 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 Northeast Bancorp's market value can be influenced by many factors that don't directly affect Northeast 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 Northeast Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northeast Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northeast 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.