Modelling A.I. in Economics

Is NSE CANBK Stock Expected to Go Up? (Stock Forecast) (Forecast)

Recurrent Neural Networks (RNNs) is a sub type of neural networks that use feedback connections. Several types of RNN models are used in predicting financial time series. This study was conducted to develop models to predict daily stock prices based on Recurrent Neural Network (RNN) Approach and to measure the accuracy of the models developed and identify the shortcomings of the models if present. We evaluate Canara Bank prediction models with Active Learning (ML) and Ridge Regression1,2,3,4 and conclude that the NSE CANBK stock is predictable in the short/long term. According to price forecasts for (n+3 month) period: The dominant strategy among neural network is to Hold NSE CANBK stock.


Keywords: NSE CANBK, Canara Bank, stock forecast, machine learning based prediction, risk rating, buy-sell behaviour, stock analysis, target price analysis, options and futures.

Key Points

  1. What are buy sell or hold recommendations?
  2. Fundemental Analysis with Algorithmic Trading
  3. What is prediction model?

NSE CANBK Target Price Prediction Modeling Methodology

A speculator on a Stock Market, aside from having money to spare, needs at least one other thing — a means of producing accurate and understandable predictions ahead of others in the Market, so that a tactical and price advantage can be gained. This work demonstrates that it is possible to predict one such Market to a high degree of accuracy. We consider Canara Bank Stock Decision Process with Ridge Regression where A is the set of discrete actions of NSE CANBK stock holders, F is the set of discrete states, P : S × F × S → R is the transition probability distribution, R : S × F → R is the reaction function, and γ ∈ [0, 1] is a move factor for expectation.1,2,3,4


F(Ridge Regression)5,6,7= p a 1 p a 2 p 1 n p j 1 p j 2 p j n p k 1 p k 2 p k n p n 1 p n 2 p n n X R(Active Learning (ML)) X S(n):→ (n+3 month) i = 1 n a i

n:Time series to forecast

p:Price signals of NSE CANBK stock

j:Nash equilibria

k:Dominated move

a:Best response for target price

 

For further technical information as per how our model work we invite you to visit the article below: 

How do AC Investment Research machine learning (predictive) algorithms actually work?

NSE CANBK Stock Forecast (Buy or Sell) for (n+3 month)

Sample Set: Neural Network
Stock/Index: NSE CANBK Canara Bank
Time series to forecast n: 01 Oct 2022 for (n+3 month)

According to price forecasts for (n+3 month) period: The dominant strategy among neural network is to Hold NSE CANBK stock.

X axis: *Likelihood% (The higher the percentage value, the more likely the event will occur.)

Y axis: *Potential Impact% (The higher the percentage value, the more likely the price will deviate.)

Z axis (Yellow to Green): *Technical Analysis%


Conclusions

Canara Bank assigned short-term B2 & long-term Ba3 forecasted stock rating. We evaluate the prediction models Active Learning (ML) with Ridge Regression1,2,3,4 and conclude that the NSE CANBK stock is predictable in the short/long term. According to price forecasts for (n+3 month) period: The dominant strategy among neural network is to Hold NSE CANBK stock.

Financial State Forecast for NSE CANBK Stock Options & Futures

Rating Short-Term Long-Term Senior
Outlook*B2Ba3
Operational Risk 3166
Market Risk4882
Technical Analysis7075
Fundamental Analysis4731
Risk Unsystematic6858

Prediction Confidence Score

Trust metric by Neural Network: 91 out of 100 with 853 signals.

References

  1. Bottou L. 2012. Stochastic gradient descent tricks. In Neural Networks: Tricks of the Trade, ed. G Montavon, G Orr, K-R Müller, pp. 421–36. Berlin: Springer
  2. D. Bertsekas. Dynamic programming and optimal control. Athena Scientific, 1995.
  3. Nie X, Wager S. 2019. Quasi-oracle estimation of heterogeneous treatment effects. arXiv:1712.04912 [stat.ML]
  4. Miller A. 2002. Subset Selection in Regression. New York: CRC Press
  5. Mikolov T, Sutskever I, Chen K, Corrado GS, Dean J. 2013b. Distributed representations of words and phrases and their compositionality. In Advances in Neural Information Processing Systems, Vol. 26, ed. Z Ghahramani, M Welling, C Cortes, ND Lawrence, KQ Weinberger, pp. 3111–19. San Diego, CA: Neural Inf. Process. Syst. Found.
  6. Chernozhukov V, Chetverikov D, Demirer M, Duflo E, Hansen C, et al. 2016a. Double machine learning for treatment and causal parameters. Tech. Rep., Cent. Microdata Methods Pract., Inst. Fiscal Stud., London
  7. Firth JR. 1957. A synopsis of linguistic theory 1930–1955. In Studies in Linguistic Analysis (Special Volume of the Philological Society), ed. JR Firth, pp. 1–32. Oxford, UK: Blackwell
Frequently Asked QuestionsQ: What is the prediction methodology for NSE CANBK stock?
A: NSE CANBK stock prediction methodology: We evaluate the prediction models Active Learning (ML) and Ridge Regression
Q: Is NSE CANBK stock a buy or sell?
A: The dominant strategy among neural network is to Hold NSE CANBK Stock.
Q: Is Canara Bank stock a good investment?
A: The consensus rating for Canara Bank is Hold and assigned short-term B2 & long-term Ba3 forecasted stock rating.
Q: What is the consensus rating of NSE CANBK stock?
A: The consensus rating for NSE CANBK is Hold.
Q: What is the prediction period for NSE CANBK stock?
A: The prediction period for NSE CANBK is (n+3 month)

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