ICICI Bank Stock Forecast - 8 Period Moving Average
| IBN Stock | USD 26.53 0.07 0.26% |
The 8 Period Moving Average forecasted value of ICICI Bank Limited on the next trading day is expected to be 26.31 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 20.38. ICICI Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ICICI Bank stock prices and determine the direction of ICICI Bank Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ICICI Bank's historical fundamentals, such as revenue growth or operating cash flow patterns. Although ICICI Bank's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ICICI Bank's systematic risk associated with finding meaningful patterns of ICICI Bank fundamentals over time.
Check out Historical Fundamental Analysis of ICICI Bank to cross-verify your projections. ICICI |
Open Interest Against 2024-05-17 ICICI Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ICICI Bank's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ICICI Bank's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ICICI Bank stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ICICI Bank's open interest, investors have to compare it to ICICI Bank's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ICICI Bank is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ICICI. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ICICI Bank cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ICICI Bank's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ICICI Bank's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for ICICI Bank is based on an artificially constructed time series of ICICI Bank daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. ICICI Bank 8 Period Moving Average Price Forecast For the 30th of April
Given 90 days horizon, the 8 Period Moving Average forecasted value of ICICI Bank Limited on the next trading day is expected to be 26.31 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.23, and the sum of the absolute errors of 20.38.Please note that although there have been many attempts to predict ICICI 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 ICICI Bank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ICICI Bank Stock Forecast Pattern
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ICICI Bank Forecasted Value
In the context of forecasting ICICI 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. ICICI Bank's downside and upside margins for the forecasting period are 25.05 and 27.56, respectively. We have considered ICICI 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ICICI Bank stock data series using in forecasting. Note that when a statistical model is used to represent ICICI 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.| AIC | Akaike Information Criteria | 101.944 |
| Bias | Arithmetic mean of the errors | -0.1923 |
| MAD | Mean absolute deviation | 0.3846 |
| MAPE | Mean absolute percentage error | 0.0148 |
| SAE | Sum of the absolute errors | 20.3825 |
Predictive Modules for ICICI 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 ICICI 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 ICICI 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 ICICI Bank
For every potential investor in ICICI, whether a beginner or expert, ICICI Bank's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ICICI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ICICI. Basic forecasting techniques help filter out the noise by identifying ICICI Bank's price trends.View ICICI Bank Related Equities
| Risk & Return | Correlation |
ICICI 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 ICICI 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 ICICI Bank's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ICICI Bank Market Strength Events
Market strength indicators help investors to evaluate how ICICI 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 ICICI Bank shares will generate the highest return on investment. By undertsting and applying ICICI Bank stock market strength indicators, traders can identify ICICI Bank Limited entry and exit signals to maximize returns.
ICICI Bank Risk Indicators
The analysis of ICICI 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 ICICI Bank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting icici 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 | 0.9078 | |||
| Semi Deviation | 0.9232 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.56 | |||
| Downside Variance | 1.32 | |||
| Semi Variance | 0.8522 | |||
| Expected Short fall | (1.01) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of ICICI Bank to cross-verify your projections. Note that the ICICI Bank Limited information on this page should be used as a complementary analysis to other ICICI Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for ICICI Stock analysis
When running ICICI Bank's price analysis, check to measure ICICI 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 ICICI Bank is operating at the current time. Most of ICICI Bank's value examination focuses on studying past and present price action to predict the probability of ICICI 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 ICICI Bank's price. Additionally, you may evaluate how the addition of ICICI Bank to your portfolios can decrease your overall portfolio volatility.
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Is ICICI Bank's industry 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 ICICI Bank. If investors know ICICI 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 ICICI Bank 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 0.185 | Earnings Share 1.43 | Revenue Per Share 451.81 | Quarterly Revenue Growth 0.776 | Return On Assets 0.0213 |
The market value of ICICI Bank Limited is measured differently than its book value, which is the value of ICICI that is recorded on the company's balance sheet. Investors also form their own opinion of ICICI Bank's value that differs from its market value or its book value, called intrinsic value, which is ICICI Bank'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 ICICI Bank's market value can be influenced by many factors that don't directly affect ICICI Bank'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 ICICI Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICICI Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICICI Bank'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.