First Mid Stock Forecast - Naive Prediction
| FMBH Stock | USD 42.29 0.28 0.67% |
The Naive Prediction forecasted value of First Mid Illinois on the next trading day is expected to be 41.84 with a mean absolute deviation of 0.81 and the sum of the absolute errors of 50.17. First Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of First Mid's historical fundamentals, such as revenue growth or operating cash flow patterns.
First |
First Mid Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the First Mid's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1999-12-31 | Previous Quarter 239.2 M | Current Value 167.7 M | Quarterly Volatility 95.7 M |
First Mid Naive Prediction Price Forecast For the 24th of November
Given 90 days horizon, the Naive Prediction forecasted value of First Mid Illinois on the next trading day is expected to be 41.84 with a mean absolute deviation of 0.81, mean absolute percentage error of 1.05, and the sum of the absolute errors of 50.17.Please note that although there have been many attempts to predict First 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 First Mid's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
First Mid Stock Forecast Pattern
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First Mid Forecasted Value
In the context of forecasting First Mid'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. First Mid's downside and upside margins for the forecasting period are 39.46 and 44.21, respectively. We have considered First Mid'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of First Mid stock data series using in forecasting. Note that when a statistical model is used to represent First Mid 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 | 119.9936 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.8092 |
| MAPE | Mean absolute percentage error | 0.0207 |
| SAE | Sum of the absolute errors | 50.1708 |
Predictive Modules for First Mid
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as First Mid Illinois. 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 First Mid
For every potential investor in First, whether a beginner or expert, First Mid's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. First Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in First. Basic forecasting techniques help filter out the noise by identifying First Mid's price trends.View First Mid Related Equities
| Risk & Return | Correlation |
First Mid Illinois 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 First Mid'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 First Mid's current price.| Cycle Indicators | ||
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First Mid Market Strength Events
Market strength indicators help investors to evaluate how First Mid stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Mid shares will generate the highest return on investment. By undertsting and applying First Mid stock market strength indicators, traders can identify First Mid Illinois entry and exit signals to maximize returns.
First Mid Risk Indicators
The analysis of First Mid'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 First Mid's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting first 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 | 1.48 | |||
| Semi Deviation | 1.55 | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.72 | |||
| Downside Variance | 2.75 | |||
| Semi Variance | 2.41 | |||
| Expected Short fall | (1.75) |
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.
Currently Active Assets on Macroaxis
When determining whether First Mid Illinois offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Mid's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Mid Illinois Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Mid Illinois Stock:Check out Historical Fundamental Analysis of First Mid to cross-verify your projections. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 First Mid. If investors know First 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 First Mid 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 0.191 | Dividend Share 0.93 | Earnings Share 3.24 | Revenue Per Share 13.247 | Quarterly Revenue Growth 0.173 |
The market value of First Mid Illinois is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Mid's value that differs from its market value or its book value, called intrinsic value, which is First Mid'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 First Mid's market value can be influenced by many factors that don't directly affect First Mid'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 First Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Mid'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.