ConnectOne Bancorp Preferred Stock Forecast - 20 Period Moving Average
| CNOBP Preferred Stock | USD 22.23 0.07 0.31% |
The 20 Period Moving Average forecasted value of ConnectOne Bancorp on the next trading day is expected to be 22.26 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 15.84. ConnectOne Preferred Stock Forecast is based on your current time horizon.
ConnectOne |
ConnectOne Bancorp 20 Period Moving Average Price Forecast For the 29th of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of ConnectOne Bancorp on the next trading day is expected to be 22.26 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.20, and the sum of the absolute errors of 15.84.Please note that although there have been many attempts to predict ConnectOne 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 ConnectOne Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ConnectOne Bancorp Preferred Stock Forecast Pattern
| Backtest ConnectOne Bancorp | ConnectOne Bancorp Price Prediction | Buy or Sell Advice |
ConnectOne Bancorp Forecasted Value
In the context of forecasting ConnectOne Bancorp'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. ConnectOne Bancorp's downside and upside margins for the forecasting period are 21.33 and 23.19, respectively. We have considered ConnectOne Bancorp'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ConnectOne Bancorp preferred stock data series using in forecasting. Note that when a statistical model is used to represent ConnectOne Bancorp 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 | 81.573 |
| Bias | Arithmetic mean of the errors | -0.3056 |
| MAD | Mean absolute deviation | 0.3771 |
| MAPE | Mean absolute percentage error | 0.0173 |
| SAE | Sum of the absolute errors | 15.8365 |
Predictive Modules for ConnectOne 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 ConnectOne Bancorp. 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.Other Forecasting Options for ConnectOne Bancorp
For every potential investor in ConnectOne, whether a beginner or expert, ConnectOne Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ConnectOne Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ConnectOne. Basic forecasting techniques help filter out the noise by identifying ConnectOne Bancorp's price trends.ConnectOne Bancorp 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 ConnectOne Bancorp preferred stock to make a market-neutral strategy. Peer analysis of ConnectOne Bancorp could also be used in its relative valuation, which is a method of valuing ConnectOne Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ConnectOne Bancorp 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 ConnectOne Bancorp'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 ConnectOne Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ConnectOne Bancorp Market Strength Events
Market strength indicators help investors to evaluate how ConnectOne Bancorp 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 ConnectOne Bancorp shares will generate the highest return on investment. By undertsting and applying ConnectOne Bancorp preferred stock market strength indicators, traders can identify ConnectOne Bancorp entry and exit signals to maximize returns.
| Accumulation Distribution | 18.19 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 22.25 | |||
| Day Typical Price | 22.24 | |||
| Price Action Indicator | (0.05) | |||
| Period Momentum Indicator | (0.07) |
ConnectOne Bancorp Risk Indicators
The analysis of ConnectOne Bancorp'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 ConnectOne Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting connectone 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 | 0.6316 | |||
| Semi Deviation | 0.826 | |||
| Standard Deviation | 0.9388 | |||
| Variance | 0.8813 | |||
| Downside Variance | 1.28 | |||
| Semi Variance | 0.6823 | |||
| Expected Short fall | (0.73) |
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 ConnectOne Bancorp
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 ConnectOne Bancorp 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 ConnectOne Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with ConnectOne Preferred Stock
| 0.73 | AX | Axos Financial | PairCorr |
| 0.77 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.75 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against ConnectOne Preferred Stock
| 0.76 | CFG-PE | Citizens Financial | PairCorr |
| 0.73 | TFC-PO | Truist Financial | PairCorr |
| 0.72 | TFC-PR | Truist Financial | PairCorr |
| 0.69 | NU | Nu Holdings | PairCorr |
| 0.54 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to ConnectOne Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConnectOne Bancorp 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 ConnectOne Bancorp - 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 ConnectOne Bancorp to buy it.
The correlation of ConnectOne Bancorp 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 ConnectOne Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConnectOne Bancorp 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 ConnectOne Bancorp 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.Additional Tools for ConnectOne Preferred Stock Analysis
When running ConnectOne Bancorp's price analysis, check to measure ConnectOne Bancorp'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 ConnectOne Bancorp is operating at the current time. Most of ConnectOne Bancorp's value examination focuses on studying past and present price action to predict the probability of ConnectOne Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConnectOne Bancorp's price. Additionally, you may evaluate how the addition of ConnectOne Bancorp to your portfolios can decrease your overall portfolio volatility.