National Bank Stock Forecast - Naive Prediction

NBHC Stock  USD 43.57  0.19  0.44%   
The Naive Prediction forecasted value of National Bank Holdings on the next trading day is expected to be 42.25 with a mean absolute deviation of 0.82 and the sum of the absolute errors of 50.27. National Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast National Bank stock prices and determine the direction of National Bank Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of National Bank's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, National Bank's Fixed Asset Turnover is projected to slightly decrease based on the last few years of reporting. . As of December 24, 2024, Common Stock Shares Outstanding is expected to decline to about 31.4 M. In addition to that, Net Income Applicable To Common Shares is expected to decline to about 42.4 M.

National Bank Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the National Bank's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2010-12-31
Previous Quarter
145 M
Current Value
180.8 M
Quarterly Volatility
336.1 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for National Bank is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of National Bank Holdings 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.

National Bank Naive Prediction Price Forecast For the 25th of December

Given 90 days horizon, the Naive Prediction forecasted value of National Bank Holdings on the next trading day is expected to be 42.25 with a mean absolute deviation of 0.82, mean absolute percentage error of 1.24, and the sum of the absolute errors of 50.27.
Please note that although there have been many attempts to predict National 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 National Bank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

National Bank Stock Forecast Pattern

Backtest National BankNational Bank Price PredictionBuy or Sell Advice 

National Bank Forecasted Value

In the context of forecasting National 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. National Bank's downside and upside margins for the forecasting period are 39.67 and 44.82, respectively. We have considered National 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.
Market Value
43.57
42.25
Expected Value
44.82
Upside

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 National Bank stock data series using in forecasting. Note that when a statistical model is used to represent National 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.
AICAkaike Information Criteria118.3228
BiasArithmetic mean of the errors None
MADMean absolute deviation0.8241
MAPEMean absolute percentage error0.0182
SAESum of the absolute errors50.268
This model is not at all useful as a medium-long range forecasting tool of National Bank Holdings. 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 National Bank. 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 National 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 National Bank Holdings. 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
LowEstimatedHigh
40.8143.4146.01
Details
Intrinsic
Valuation
LowRealHigh
38.1040.7047.74
Details
5 Analysts
Consensus
LowTargetHigh
33.6737.0041.07
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.790.790.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as National Bank. Your research has to be compared to or analyzed against National Bank's peers to derive any actionable benefits. When done correctly, National Bank'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 National Bank Holdings.

Other Forecasting Options for National Bank

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

National Bank 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 National Bank stock to make a market-neutral strategy. Peer analysis of National Bank could also be used in its relative valuation, which is a method of valuing National Bank by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

National Bank Holdings 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 National 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 National Bank's current price.

National Bank Market Strength Events

Market strength indicators help investors to evaluate how National 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 National Bank shares will generate the highest return on investment. By undertsting and applying National Bank stock market strength indicators, traders can identify National Bank Holdings entry and exit signals to maximize returns.

National Bank Risk Indicators

The analysis of National 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 National Bank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting national 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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether National Bank Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of National Bank'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 National Bank Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on National Bank Holdings Stock:
Check out Historical Fundamental Analysis of National Bank to cross-verify your projections.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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 National Bank. If investors know National 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 National 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
(0.09)
Dividend Share
1.12
Earnings Share
3.25
Revenue Per Share
10.533
Quarterly Revenue Growth
(0.02)
The market value of National Bank Holdings is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Bank's value that differs from its market value or its book value, called intrinsic value, which is National 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 National Bank's market value can be influenced by many factors that don't directly affect National 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 National Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National 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.