Prosperity Bancshares Stock Forecast - Naive Prediction
| PB Stock | USD 84.30 1.96 2.38% |
The Naive Prediction forecasted value of Prosperity Bancshares on the next trading day is expected to be 83.24 with a mean absolute deviation of 1.10 and the sum of the absolute errors of 67.33. Prosperity Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Prosperity Bancshares stock prices and determine the direction of Prosperity Bancshares's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Prosperity Bancshares' historical fundamentals, such as revenue growth or operating cash flow patterns.
Prosperity |
Prosperity Bancshares Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Prosperity Bancshares' financial statements to predict how it will affect future prices.
Cash | First Reported 1998-06-30 | Previous Quarter 1.5 B | Current Value 304.9 M | Quarterly Volatility 407.9 M |
Prosperity Bancshares Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of Prosperity Bancshares on the next trading day is expected to be 83.24 with a mean absolute deviation of 1.10, mean absolute percentage error of 1.97, and the sum of the absolute errors of 67.33.Please note that although there have been many attempts to predict Prosperity 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 Prosperity Bancshares' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prosperity Bancshares Stock Forecast Pattern
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Prosperity Bancshares Forecasted Value
In the context of forecasting Prosperity Bancshares' 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. Prosperity Bancshares' downside and upside margins for the forecasting period are 81.50 and 84.98, respectively. We have considered Prosperity Bancshares' 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 Prosperity Bancshares stock data series using in forecasting. Note that when a statistical model is used to represent Prosperity Bancshares 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 | 118.7909 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1038 |
| MAPE | Mean absolute percentage error | 0.0147 |
| SAE | Sum of the absolute errors | 67.3298 |
Predictive Modules for Prosperity Bancshares
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prosperity Bancshares. 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 Prosperity Bancshares
For every potential investor in Prosperity, whether a beginner or expert, Prosperity Bancshares' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prosperity Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prosperity. Basic forecasting techniques help filter out the noise by identifying Prosperity Bancshares' price trends.Prosperity Bancshares 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 Prosperity Bancshares stock to make a market-neutral strategy. Peer analysis of Prosperity Bancshares could also be used in its relative valuation, which is a method of valuing Prosperity Bancshares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Prosperity Bancshares 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 Prosperity Bancshares' 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 Prosperity Bancshares' current price.| Cycle Indicators | ||
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Prosperity Bancshares Market Strength Events
Market strength indicators help investors to evaluate how Prosperity Bancshares stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prosperity Bancshares shares will generate the highest return on investment. By undertsting and applying Prosperity Bancshares stock market strength indicators, traders can identify Prosperity Bancshares entry and exit signals to maximize returns.
Prosperity Bancshares Risk Indicators
The analysis of Prosperity Bancshares' 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 Prosperity Bancshares' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prosperity 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 | 1.21 | |||
| Semi Deviation | 1.01 | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.08 | |||
| Downside Variance | 1.46 | |||
| Semi Variance | 1.01 | |||
| Expected Short fall | (1.61) |
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.Check out Historical Fundamental Analysis of Prosperity Bancshares to cross-verify your projections. For information on how to trade Prosperity Stock refer to our How to Trade Prosperity Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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 Prosperity Bancshares. If investors know Prosperity 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 Prosperity Bancshares 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 0.116 | Dividend Share 2.24 | Earnings Share 4.69 | Revenue Per Share 12.146 | Quarterly Revenue Growth 0.088 |
The market value of Prosperity Bancshares is measured differently than its book value, which is the value of Prosperity that is recorded on the company's balance sheet. Investors also form their own opinion of Prosperity Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Prosperity Bancshares' 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 Prosperity Bancshares' market value can be influenced by many factors that don't directly affect Prosperity Bancshares' 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 Prosperity Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prosperity Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prosperity Bancshares' 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.