Zions Bancorporation Stock Forecast - Simple Regression
| ZION Stock | USD 59.14 0.48 0.82% |
The Simple Regression forecasted value of Zions Bancorporation on the next trading day is expected to be 57.95 with a mean absolute deviation of 2.03 and the sum of the absolute errors of 125.96. Zions Stock Forecast is based on your current time horizon. Although Zions Bancorporation's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Zions Bancorporation's systematic risk associated with finding meaningful patterns of Zions Bancorporation fundamentals over time.
Zions |
Zions Bancorporation Simple Regression Price Forecast For the 23rd of November
Given 90 days horizon, the Simple Regression forecasted value of Zions Bancorporation on the next trading day is expected to be 57.95 with a mean absolute deviation of 2.03, mean absolute percentage error of 6.14, and the sum of the absolute errors of 125.96.Please note that although there have been many attempts to predict Zions 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 Zions Bancorporation's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Zions Bancorporation Stock Forecast Pattern
| Backtest Zions Bancorporation | Zions Bancorporation Price Prediction | Buy or Sell Advice |
Zions Bancorporation Forecasted Value
In the context of forecasting Zions Bancorporation'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. Zions Bancorporation's downside and upside margins for the forecasting period are 55.21 and 60.70, respectively. We have considered Zions Bancorporation'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Zions Bancorporation stock data series using in forecasting. Note that when a statistical model is used to represent Zions Bancorporation 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 | 121.7637 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.0316 |
| MAPE | Mean absolute percentage error | 0.0399 |
| SAE | Sum of the absolute errors | 125.9574 |
Predictive Modules for Zions Bancorporation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zions Bancorporation. 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 Zions Bancorporation
For every potential investor in Zions, whether a beginner or expert, Zions Bancorporation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Zions Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Zions. Basic forecasting techniques help filter out the noise by identifying Zions Bancorporation's price trends.Zions Bancorporation 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 Zions Bancorporation stock to make a market-neutral strategy. Peer analysis of Zions Bancorporation could also be used in its relative valuation, which is a method of valuing Zions Bancorporation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zions Bancorporation 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 Zions Bancorporation'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 Zions Bancorporation's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Zions Bancorporation Market Strength Events
Market strength indicators help investors to evaluate how Zions Bancorporation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zions Bancorporation shares will generate the highest return on investment. By undertsting and applying Zions Bancorporation stock market strength indicators, traders can identify Zions Bancorporation entry and exit signals to maximize returns.
Zions Bancorporation Risk Indicators
The analysis of Zions Bancorporation'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 Zions Bancorporation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zions 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 | 1.68 | |||
| Semi Deviation | 1.49 | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.56 | |||
| Downside Variance | 3.35 | |||
| Semi Variance | 2.22 | |||
| Expected Short fall | (1.95) |
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 Zions Bancorporation
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 Zions Bancorporation 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 Zions Bancorporation will appreciate offsetting losses from the drop in the long position's value.Moving together with Zions Stock
Moving against Zions Stock
| 0.55 | TFC-PO | Truist Financial | PairCorr |
| 0.5 | TFC-PR | Truist Financial | PairCorr |
| 0.49 | WF | Woori Financial Group | PairCorr |
| 0.48 | CFG-PE | Citizens Financial | PairCorr |
The ability to find closely correlated positions to Zions Bancorporation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zions Bancorporation 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 Zions Bancorporation - 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 Zions Bancorporation to buy it.
The correlation of Zions Bancorporation 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 Zions Bancorporation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zions Bancorporation 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 Zions Bancorporation 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 Zions Bancorporation to cross-verify your projections. To learn how to invest in Zions Stock, please use our How to Invest in Zions Bancorporation guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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 Zions Bancorporation. If investors know Zions 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 Zions Bancorporation 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 0.212 | Dividend Share 1.64 | Earnings Share 4.39 | Revenue Per Share 20.433 | Quarterly Revenue Growth 0.076 |
The market value of Zions Bancorporation is measured differently than its book value, which is the value of Zions that is recorded on the company's balance sheet. Investors also form their own opinion of Zions Bancorporation's value that differs from its market value or its book value, called intrinsic value, which is Zions Bancorporation'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 Zions Bancorporation's market value can be influenced by many factors that don't directly affect Zions Bancorporation'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 Zions Bancorporation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zions Bancorporation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zions Bancorporation'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.