Cleveland Cliffs Stock Forecast - Naive Prediction

CLF Stock  USD 10.73  0.16  1.51%   
The Naive Prediction forecasted value of Cleveland Cliffs on the next trading day is expected to be 10.60 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 23.46. Cleveland Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Cleveland Cliffs' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At this time, Cleveland Cliffs' Inventory Turnover is most likely to slightly decrease in the upcoming years. The Cleveland Cliffs' current Payables Turnover is estimated to increase to 14.41, while Receivables Turnover is projected to decrease to 11.90. . The Cleveland Cliffs' current Common Stock Shares Outstanding is estimated to increase to about 491.4 M. The Cleveland Cliffs' current Net Income Applicable To Common Shares is estimated to increase to about 1.6 B.

Open Interest Against 2025-05-16 Cleveland Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Cleveland Cliffs' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Cleveland Cliffs' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Cleveland Cliffs stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Cleveland Cliffs' open interest, investors have to compare it to Cleveland Cliffs' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Cleveland Cliffs is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Cleveland. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.

Cleveland Cliffs 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 Cleveland Cliffs' financial statements, enabling forecasts of their impact on future stock prices.
 
Cash  
First Reported
1985-12-31
Previous Quarter
39 M
Current Value
54 M
Quarterly Volatility
279 M
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Cleveland Cliffs is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Cleveland Cliffs 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.

Cleveland Cliffs Naive Prediction Price Forecast For the 2nd of March

Given 90 days horizon, the Naive Prediction forecasted value of Cleveland Cliffs on the next trading day is expected to be 10.60 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.22, and the sum of the absolute errors of 23.46.
Please note that although there have been many attempts to predict Cleveland 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 Cleveland Cliffs' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Cleveland Cliffs Stock Forecast Pattern

Backtest Cleveland CliffsCleveland Cliffs Price PredictionBuy or Sell Advice 

Cleveland Cliffs Forecasted Value

In the context of forecasting Cleveland Cliffs' 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. Cleveland Cliffs' downside and upside margins for the forecasting period are 6.60 and 14.59, respectively. We have considered Cleveland Cliffs' 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
10.73
10.60
Expected Value
14.59
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 Cleveland Cliffs stock data series using in forecasting. Note that when a statistical model is used to represent Cleveland Cliffs 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 Criteria116.5933
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3845
MAPEMean absolute percentage error0.0362
SAESum of the absolute errors23.4564
This model is not at all useful as a medium-long range forecasting tool of Cleveland Cliffs. 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 Cleveland Cliffs. 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 Cleveland Cliffs

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cleveland Cliffs. 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
6.9210.9114.90
Details
Intrinsic
Valuation
LowRealHigh
8.0412.0316.02
Details
Bollinger
Band Projection (param)
LowMiddleHigh
10.4110.7911.18
Details
12 Analysts
Consensus
LowTargetHigh
12.9214.2015.76
Details

Other Forecasting Options for Cleveland Cliffs

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

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

Cleveland Cliffs 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 Cleveland Cliffs' 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 Cleveland Cliffs' current price.

Cleveland Cliffs Market Strength Events

Market strength indicators help investors to evaluate how Cleveland Cliffs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cleveland Cliffs shares will generate the highest return on investment. By undertsting and applying Cleveland Cliffs stock market strength indicators, traders can identify Cleveland Cliffs entry and exit signals to maximize returns.

Cleveland Cliffs Risk Indicators

The analysis of Cleveland Cliffs' 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 Cleveland Cliffs' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cleveland 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.

Currently Active Assets on Macroaxis

When determining whether Cleveland Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Cleveland Cliffs to cross-verify your projections.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Metals & Mining 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 Cleveland Cliffs. If investors know Cleveland 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 Cleveland Cliffs 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
(0.99)
Earnings Share
(1.57)
Revenue Per Share
39.969
Quarterly Revenue Growth
(0.15)
Return On Assets
(0.01)
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' 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 Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' 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 Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' 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.