ChoiceOne Financial Stock Forecast - Naive Prediction

A naive forecasting model for ChoiceOne Financial is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of ChoiceOne Financial Services value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

ChoiceOne Financial Naive Prediction Price Forecast For the 13th of November 2024

Given 90 days horizon, the Naive Prediction forecasted value of ChoiceOne Financial Services on the next trading day is expected to be 36.10 with a mean absolute deviation of 0.58, mean absolute percentage error of 0.50, and the sum of the absolute errors of 36.07.

ChoiceOne Financial Stock Forecast Pattern

Backtest ChoiceOne Financial

ChoiceOne Financial Price Prediction

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ChoiceOne Financial Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of ChoiceOne Financial stock data series using in forecasting. Note that when a statistical model is used to represent ChoiceOne Financial 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. This model is not at all useful as a medium-long range forecasting tool of ChoiceOne Financial Services. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict ChoiceOne Financial. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for ChoiceOne Financial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ChoiceOne Financial. 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.

Hype Prediction Low Estimated High 33.65 35.80 37.95 Details

Intrinsic Valuation Low Real High 29.74 31.89 39.49 Details

Bollinger Band Projection (param) Low Middle High 30.93 33.69 36.45 Details

1 Analysts Consensus Low Target High 21.84 24.00 26.64 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as ChoiceOne Financial. Your research has to be compared to or analyzed against ChoiceOne Financial's peers to derive any actionable benefits. When done correctly, ChoiceOne Financial's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ChoiceOne Financial.

Other Forecasting Options for ChoiceOne Financial

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

ChoiceOne Financial Related Equities

Risk & Return

Correlation

ChoiceOne Financial 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 ChoiceOne Financial'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 ChoiceOne Financial's current price.

ChoiceOne Financial Market Strength Events

ChoiceOne Financial Risk Indicators

Additional Tools for ChoiceOne Stock Analysis