STANDARD BANK Stock Forecast - Simple Moving Average

STANDARD   6,000  0.03  0.0005%   
The Simple Moving Average forecasted value of STANDARD BANK LIMITED on the next trading day is expected to be 6,000 with a mean absolute deviation of 16.91 and the sum of the absolute errors of 997.69. Investors can use prediction functions to forecast STANDARD BANK's stock prices and determine the direction of STANDARD BANK LIMITED's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of STANDARD BANK's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out World Market Map 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 unemployment.
  
A two period moving average forecast for STANDARD BANK is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

STANDARD BANK Simple Moving Average Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of STANDARD BANK LIMITED on the next trading day is expected to be 6,000 with a mean absolute deviation of 16.91, mean absolute percentage error of 5,939, and the sum of the absolute errors of 997.69.
Please note that although there have been many attempts to predict STANDARD 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 STANDARD BANK's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

STANDARD BANK Stock Forecast Pattern

STANDARD BANK Forecasted Value

In the context of forecasting STANDARD BANK'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. STANDARD BANK's downside and upside margins for the forecasting period are 5,999 and 6,001, respectively. We have considered STANDARD BANK'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.
Market Value
6,000
6,000
Expected Value
6,001
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of STANDARD BANK stock data series using in forecasting. Note that when a statistical model is used to represent STANDARD BANK 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.
AICAkaike Information Criteria123.1241
BiasArithmetic mean of the errors -16.9101
MADMean absolute deviation16.9101
MAPEMean absolute percentage error0.0029
SAESum of the absolute errors997.695
The simple moving average model is conceptually a linear regression of the current value of STANDARD BANK LIMITED price series against current and previous (unobserved) value of STANDARD BANK. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for STANDARD BANK

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as STANDARD BANK LIMITED. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of STANDARD BANK's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Other Forecasting Options for STANDARD BANK

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

STANDARD BANK 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 STANDARD BANK stock to make a market-neutral strategy. Peer analysis of STANDARD BANK could also be used in its relative valuation, which is a method of valuing STANDARD BANK by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

STANDARD BANK LIMITED 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 STANDARD BANK'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 STANDARD BANK's current price.

STANDARD BANK Market Strength Events

Market strength indicators help investors to evaluate how STANDARD BANK stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading STANDARD BANK shares will generate the highest return on investment. By undertsting and applying STANDARD BANK stock market strength indicators, traders can identify STANDARD BANK LIMITED entry and exit signals to maximize returns.

STANDARD BANK Risk Indicators

The analysis of STANDARD BANK'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 STANDARD BANK's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting standard 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.
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.

Additional Tools for STANDARD Stock Analysis

When running STANDARD BANK's price analysis, check to measure STANDARD BANK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy STANDARD BANK is operating at the current time. Most of STANDARD BANK's value examination focuses on studying past and present price action to predict the probability of STANDARD BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STANDARD BANK's price. Additionally, you may evaluate how the addition of STANDARD BANK to your portfolios can decrease your overall portfolio volatility.