Provident Bancorp Stock Forecast - Simple Regression

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. Simple Regression model is a single variable regression model that attempts to put a straight line through Provident Bancorp price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Provident Bancorp Simple Regression Price Forecast For the 19th of January

Given 90 days horizon, the Simple Regression forecasted value of Provident Bancorp on the next trading day is expected to be 12.73 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.05, and the sum of the absolute errors of 9.30.

Provident Bancorp Stock Forecast Pattern

Backtest Provident Bancorp

Provident Bancorp Price Prediction

Buy or Sell Advice

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression 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. In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Provident Bancorp historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

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 12.66 13.58 14.50 Details

Intrinsic Valuation Low Real High 10.32 11.24 14.85 Details

Bollinger Band Projection (param) Low Middle High 12.32 12.82 13.32 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 Related Equities

Risk & Return

Correlation

Provident Bancorp Market Strength Events

Provident Bancorp Risk Indicators

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.

Other Consideration for investing in Provident Stock