Citizens Northern Stock Forecast - Simple Regression
| CZNC Stock | USD 20.24 0.46 2.22% |
The Simple Regression forecasted value of Citizens Northern Corp on the next trading day is expected to be 20.55 with a mean absolute deviation of 0.47 and the sum of the absolute errors of 29.34. Citizens Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Citizens Northern stock prices and determine the direction of Citizens Northern Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Citizens Northern's historical fundamentals, such as revenue growth or operating cash flow patterns.
Citizens |
Citizens Northern Simple Regression Price Forecast For the 13th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of Citizens Northern Corp on the next trading day is expected to be 20.55 with a mean absolute deviation of 0.47, mean absolute percentage error of 0.30, and the sum of the absolute errors of 29.34.Please note that although there have been many attempts to predict Citizens 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 Citizens Northern's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Citizens Northern Stock Forecast Pattern
| Backtest Citizens Northern | Citizens Northern Price Prediction | Buy or Sell Advice |
Citizens Northern Forecasted Value
In the context of forecasting Citizens Northern'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. Citizens Northern's downside and upside margins for the forecasting period are 18.74 and 22.37, respectively. We have considered Citizens Northern'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Citizens Northern stock data series using in forecasting. Note that when a statistical model is used to represent Citizens Northern 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 | 118.7359 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4732 |
| MAPE | Mean absolute percentage error | 0.0243 |
| SAE | Sum of the absolute errors | 29.3388 |
Predictive Modules for Citizens Northern
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Citizens Northern Corp. 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 Citizens Northern
For every potential investor in Citizens, whether a beginner or expert, Citizens Northern's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Citizens Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Citizens. Basic forecasting techniques help filter out the noise by identifying Citizens Northern's price trends.Citizens Northern 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 Citizens Northern stock to make a market-neutral strategy. Peer analysis of Citizens Northern could also be used in its relative valuation, which is a method of valuing Citizens Northern by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Citizens Northern Corp 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 Citizens Northern'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 Citizens Northern's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Citizens Northern Market Strength Events
Market strength indicators help investors to evaluate how Citizens Northern stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Citizens Northern shares will generate the highest return on investment. By undertsting and applying Citizens Northern stock market strength indicators, traders can identify Citizens Northern Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 2744.87 | |||
| Daily Balance Of Power | (0.63) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 20.59 | |||
| Day Typical Price | 20.47 | |||
| Price Action Indicator | (0.58) | |||
| Period Momentum Indicator | (0.46) | |||
| Relative Strength Index | 56.67 |
Citizens Northern Risk Indicators
The analysis of Citizens Northern'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 Citizens Northern's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting citizens 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 | 1.33 | |||
| Semi Deviation | 1.51 | |||
| Standard Deviation | 1.82 | |||
| Variance | 3.33 | |||
| Downside Variance | 2.82 | |||
| Semi Variance | 2.29 | |||
| Expected Short fall | (1.45) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Citizens Northern Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Citizens Northern'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 Citizens Northern Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Citizens Northern Corp Stock:Check out Historical Fundamental Analysis of Citizens Northern to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Regional Banks 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 Citizens Northern. If investors know Citizens 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 Citizens Northern 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 (0.17) | Dividend Share 1.12 | Earnings Share 1.44 | Revenue Per Share 6.689 | Quarterly Revenue Growth (0.05) |
The market value of Citizens Northern Corp is measured differently than its book value, which is the value of Citizens that is recorded on the company's balance sheet. Investors also form their own opinion of Citizens Northern's value that differs from its market value or its book value, called intrinsic value, which is Citizens Northern'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 Citizens Northern's market value can be influenced by many factors that don't directly affect Citizens Northern'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 Citizens Northern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citizens Northern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citizens Northern'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.