Provident Bancorp Stock Forward View

Provident Bancorp Additional Predictive Modules

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

Provident Bancorp Naive Prediction Price Forecast For the 22nd of February

Given 90 days horizon, the Naive Prediction forecasted value of Provident Bancorp on the next trading day is expected to be 13.52 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.64.

Provident Bancorp Stock Forecast Pattern

Backtest Provident Bancorp

Provident Bancorp Price Prediction

Research Analysis

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

Hype Prediction Low Estimated High 13.50 13.50 13.50 Details

Intrinsic Valuation Low Real High 11.22 11.22 14.85 Details

Bollinger Band Projection (param) Low Middle High 7.21 12.96 18.72 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Provident Bancorp. Your research has to be compared to or analyzed against Provident Bancorp's peers to derive any actionable benefits. When done correctly, Provident Bancorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Provident Bancorp.

Provident Bancorp After-Hype Price Density Analysis

Provident Bancorp Estimiated After-Hype Price Volatility

Provident Bancorp Stock Price Outlook Analysis

Notes

Provident Bancorp Hype Timeline

Provident Bancorp is at this time traded for 13.50. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Provident is forecasted 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 forecasted to be very small, whereas the daily expected return is at this time at 0.0%. %. The volatility of related hype on Provident Bancorp is about 0.0%, with the expected price after the next announcement by competition of 13.50. About 46.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.0. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Provident Bancorp last dividend was issued on the 11th of August 2022. The entity had 2021:1000 split on the . Given the investment horizon of 90 days the next forecasted press release will be in about 7 days. Check out Your Equity Center 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 bureau of labor statistics.

Provident Bancorp Related Hype Analysis

Provident Bancorp Related Equities

Risk & Return

Correlation

Provident Bancorp Market Strength Events

Provident Bancorp Risk Indicators

Story Coverage note for Provident Bancorp

Provident Bancorp Short Properties

Other Consideration for investing in Provident Stock