Canadian National Stock Forecast - Naive Prediction
| CNI Stock | USD 111.12 0.57 0.51% |
The Naive Prediction forecasted value of Canadian National Railway on the next trading day is expected to be 112.54 with a mean absolute deviation of 1.23 and the sum of the absolute errors of 75.10. Canadian Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Canadian National's historical fundamentals, such as revenue growth or operating cash flow patterns.
Canadian |
Canadian National 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 Canadian National's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1996-12-31 | Previous Quarter 784 M | Current Value 273 M | Quarterly Volatility 276.9 M |
Canadian National Naive Prediction Price Forecast For the 3rd of December
Given 90 days horizon, the Naive Prediction forecasted value of Canadian National Railway on the next trading day is expected to be 112.54 with a mean absolute deviation of 1.23, mean absolute percentage error of 2.16, and the sum of the absolute errors of 75.10.Please note that although there have been many attempts to predict Canadian 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 Canadian National's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Canadian National Stock Forecast Pattern
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Canadian National Forecasted Value
In the context of forecasting Canadian National'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. Canadian National's downside and upside margins for the forecasting period are 111.40 and 113.68, respectively. We have considered Canadian National'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 Canadian National stock data series using in forecasting. Note that when a statistical model is used to represent Canadian National 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 | 118.8824 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.2311 |
| MAPE | Mean absolute percentage error | 0.0109 |
| SAE | Sum of the absolute errors | 75.0974 |
Predictive Modules for Canadian National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian National Railway. 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 Canadian National
For every potential investor in Canadian, whether a beginner or expert, Canadian National's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canadian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canadian. Basic forecasting techniques help filter out the noise by identifying Canadian National's price trends.Canadian National 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 Canadian National stock to make a market-neutral strategy. Peer analysis of Canadian National could also be used in its relative valuation, which is a method of valuing Canadian National by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canadian National Railway 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 Canadian National'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 Canadian National's current price.| Cycle Indicators | ||
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Canadian National Market Strength Events
Market strength indicators help investors to evaluate how Canadian National stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian National shares will generate the highest return on investment. By undertsting and applying Canadian National stock market strength indicators, traders can identify Canadian National Railway entry and exit signals to maximize returns.
| Accumulation Distribution | 14574.14 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 111.02 | |||
| Day Typical Price | 111.05 | |||
| Price Action Indicator | (0.18) | |||
| Period Momentum Indicator | (0.57) |
Canadian National Risk Indicators
The analysis of Canadian National'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 Canadian National's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canadian 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 | 0.8801 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.27 |
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 Canadian National Railway offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canadian National'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 Canadian National Railway Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canadian National Railway Stock:Check out Historical Fundamental Analysis of Canadian National to cross-verify your projections. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Ground Transportation 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 Canadian National. If investors know Canadian 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 Canadian National 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 0.018 | Dividend Share 3.325 | Earnings Share 6.03 | Revenue Per Share 26.896 | Quarterly Revenue Growth 0.031 |
The market value of Canadian National Railway is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian National's value that differs from its market value or its book value, called intrinsic value, which is Canadian National'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 Canadian National's market value can be influenced by many factors that don't directly affect Canadian National'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 Canadian National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian National'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.