Westpac Banking Preferred Stock Forecast - Simple Exponential Smoothing
| WBCPH Preferred Stock | 102.50 0.41 0.40% |
The Simple Exponential Smoothing forecasted value of Westpac Banking Corp on the next trading day is expected to be 102.52 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.55. Westpac Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Westpac Banking stock prices and determine the direction of Westpac Banking Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Westpac Banking's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Westpac Banking Simple Exponential Smoothing Price Forecast For the 7th of July
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Westpac Banking Corp on the next trading day is expected to be 102.52 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.1, and the sum of the absolute errors of 15.55.Please note that although there have been many attempts to predict Westpac Preferred 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 Westpac Banking's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Westpac Banking Preferred Stock Forecast Pattern
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Westpac Banking Forecasted Value
In the context of forecasting Westpac Banking's Preferred 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. Westpac Banking's downside and upside margins for the forecasting period are 102.19 and 102.84, respectively. We have considered Westpac Banking'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Westpac Banking preferred stock data series using in forecasting. Note that when a statistical model is used to represent Westpac Banking preferred 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 | 113.9556 |
| Bias | Arithmetic mean of the errors | -0.0176 |
| MAD | Mean absolute deviation | 0.2592 |
| MAPE | Mean absolute percentage error | 0.0025 |
| SAE | Sum of the absolute errors | 15.5516 |
Predictive Modules for Westpac Banking
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westpac Banking Corp. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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 Westpac Banking'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 Westpac Banking
For every potential investor in Westpac, whether a beginner or expert, Westpac Banking's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Westpac Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Westpac. Basic forecasting techniques help filter out the noise by identifying Westpac Banking's price trends.Westpac Banking 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 Westpac Banking preferred stock to make a market-neutral strategy. Peer analysis of Westpac Banking could also be used in its relative valuation, which is a method of valuing Westpac Banking by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Westpac Banking Corp Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Westpac Banking'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 Westpac Banking's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Westpac Banking Market Strength Events
Market strength indicators help investors to evaluate how Westpac Banking preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westpac Banking shares will generate the highest return on investment. By undertsting and applying Westpac Banking preferred stock market strength indicators, traders can identify Westpac Banking Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0043 | |||
| Daily Balance Of Power | (0.93) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 102.72 | |||
| Day Typical Price | 102.65 | |||
| Market Facilitation Index | 0.44 | |||
| Price Action Indicator | (0.42) | |||
| Period Momentum Indicator | (0.41) |
Westpac Banking Risk Indicators
The analysis of Westpac Banking'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 Westpac Banking's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting westpac preferred 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 | 0.2665 | |||
| Semi Deviation | 0.2445 | |||
| Standard Deviation | 0.3257 | |||
| Variance | 0.1061 | |||
| Downside Variance | 0.0957 | |||
| Semi Variance | 0.0598 | |||
| Expected Short fall | (0.30) |
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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Other Information on Investing in Westpac Preferred Stock
Westpac Banking financial ratios help investors to determine whether Westpac Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westpac with respect to the benefits of owning Westpac Banking security.