Citigroup Stock Forecast - Naive Prediction
| C Stock | 72.65 0.19 0.26% |
The Naive Prediction forecasted value of Citigroup on the next trading day is expected to be 70.63 with a mean absolute deviation of 1.51 and the sum of the absolute errors of 92.07. Citigroup Stock Forecast is based on your current time horizon.
Citigroup |
Citigroup Naive Prediction Price Forecast For the 10th of January
Given 90 days horizon, the Naive Prediction forecasted value of Citigroup on the next trading day is expected to be 70.63 with a mean absolute deviation of 1.51, mean absolute percentage error of 3.51, and the sum of the absolute errors of 92.07.Please note that although there have been many attempts to predict Citigroup 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 Citigroup's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Citigroup Stock Forecast Pattern
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 Citigroup stock data series using in forecasting. Note that when a statistical model is used to represent Citigroup 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 | 119.3656 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.5094 |
| MAPE | Mean absolute percentage error | 0.0241 |
| SAE | Sum of the absolute errors | 92.0715 |
Predictive Modules for Citigroup
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Citigroup. 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.Citigroup 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 Citigroup stock to make a market-neutral strategy. Peer analysis of Citigroup could also be used in its relative valuation, which is a method of valuing Citigroup by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Citigroup Market Strength Events
Market strength indicators help investors to evaluate how Citigroup stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Citigroup shares will generate the highest return on investment. By undertsting and applying Citigroup stock market strength indicators, traders can identify Citigroup entry and exit signals to maximize returns.
Citigroup Risk Indicators
The analysis of Citigroup'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 Citigroup's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting citigroup 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 | 1.91 | |||
| Semi Deviation | 2.46 | |||
| Standard Deviation | 3.14 | |||
| Variance | 9.89 | |||
| Downside Variance | 13.03 | |||
| Semi Variance | 6.03 | |||
| Expected Short fall | (2.55) |
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.
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When determining whether Citigroup offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Citigroup'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 Citigroup Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Citigroup Stock:Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Please note, there is a significant difference between Citigroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citigroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citigroup'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.