Canadian Utilities Stock Forecast - Naive Prediction

A naive forecasting model for Canadian Utilities is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Canadian Utilities Limited 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.

Canadian Utilities Naive Prediction Price Forecast For the 2nd of December

Given 90 days horizon, the Naive Prediction forecasted value of Canadian Utilities Limited on the next trading day is expected to be 24.34 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.10, and the sum of the absolute errors of 15.92.

Canadian Utilities Stock Forecast Pattern

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Canadian Utilities Price Prediction

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Canadian Utilities Forecasted Value

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 Utilities stock data series using in forecasting. Note that when a statistical model is used to represent Canadian Utilities 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. This model is not at all useful as a medium-long range forecasting tool of Canadian Utilities Limited. 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 Canadian Utilities. 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 Canadian Utilities

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 Utilities. 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 Low Estimated High 22.82 23.99 25.16 Details

Intrinsic Valuation Low Real High 21.59 27.43 28.60 Details

Bollinger Band Projection (param) Low Middle High 23.37 23.93 24.49 Details

Other Forecasting Options for Canadian Utilities

For every potential investor in Canadian, whether a beginner or expert, Canadian Utilities' 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 Utilities' price trends.

Canadian Utilities Related Equities

Risk & Return

Correlation

Canadian Utilities 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 Utilities' 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 Utilities' current price.

Canadian Utilities Market Strength Events

Canadian Utilities Risk Indicators

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Other Information on Investing in Canadian Stock