Royal Caribbean Stock Forecast - Naive Prediction
| RCL Stock | USD 241.62 2.88 1.18% |
The Naive Prediction forecasted value of Royal Caribbean Cruises on the next trading day is expected to be 241.63 with a mean absolute deviation of 3.59 and the sum of the absolute errors of 222.60. Royal Stock Forecast is based on your current time horizon. Although Royal Caribbean's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Royal Caribbean's systematic risk associated with finding meaningful patterns of Royal Caribbean fundamentals over time.
Royal |
Royal Caribbean Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Royal Caribbean's financial statements, predicting their influence on future market prices.
Cash | First Reported 1991-12-31 | Previous Quarter 391 M | Current Value 418 M | Quarterly Volatility 919.5 M |
Royal Caribbean Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of Royal Caribbean Cruises on the next trading day is expected to be 241.63 with a mean absolute deviation of 3.59, mean absolute percentage error of 21.75, and the sum of the absolute errors of 222.60.Please note that although there have been many attempts to predict Royal 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 Royal Caribbean's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Royal Caribbean Stock Forecast Pattern
| Backtest Royal Caribbean | Royal Caribbean Price Prediction | Buy or Sell Advice |
Royal Caribbean Forecasted Value
In the context of forecasting Royal Caribbean'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. Royal Caribbean's downside and upside margins for the forecasting period are 239.68 and 243.58, respectively. We have considered Royal Caribbean'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 Royal Caribbean stock data series using in forecasting. Note that when a statistical model is used to represent Royal Caribbean 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 | 123.0281 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.5903 |
| MAPE | Mean absolute percentage error | 0.0182 |
| SAE | Sum of the absolute errors | 222.5984 |
Predictive Modules for Royal Caribbean
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Royal Caribbean Cruises. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Royal Caribbean's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Royal Caribbean
For every potential investor in Royal, whether a beginner or expert, Royal Caribbean's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Royal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Royal. Basic forecasting techniques help filter out the noise by identifying Royal Caribbean's price trends.Royal Caribbean 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 Royal Caribbean stock to make a market-neutral strategy. Peer analysis of Royal Caribbean could also be used in its relative valuation, which is a method of valuing Royal Caribbean by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Royal Caribbean Cruises 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 Royal Caribbean'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 Royal Caribbean's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Royal Caribbean Market Strength Events
Market strength indicators help investors to evaluate how Royal Caribbean stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Royal Caribbean shares will generate the highest return on investment. By undertsting and applying Royal Caribbean stock market strength indicators, traders can identify Royal Caribbean Cruises entry and exit signals to maximize returns.
| Accumulation Distribution | 20237.45 | |||
| Daily Balance Of Power | (0.64) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 243.03 | |||
| Day Typical Price | 242.56 | |||
| Price Action Indicator | (2.85) | |||
| Period Momentum Indicator | (2.88) | |||
| Relative Strength Index | 73.54 |
Royal Caribbean Risk Indicators
The analysis of Royal Caribbean'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 Royal Caribbean's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting royal 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 | 1.55 | |||
| Semi Deviation | 0.925 | |||
| Standard Deviation | 1.97 | |||
| Variance | 3.9 | |||
| Downside Variance | 1.89 | |||
| Semi Variance | 0.8556 | |||
| Expected Short fall | (1.97) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Royal Caribbean to cross-verify your projections. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Hotels, Resorts & Cruise Lines 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 Royal Caribbean. If investors know Royal 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 Royal Caribbean 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 0.154 | Dividend Share 0.4 | Earnings Share 9.98 | Revenue Per Share 62.168 | Quarterly Revenue Growth 0.175 |
The market value of Royal Caribbean Cruises is measured differently than its book value, which is the value of Royal that is recorded on the company's balance sheet. Investors also form their own opinion of Royal Caribbean's value that differs from its market value or its book value, called intrinsic value, which is Royal Caribbean'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 Royal Caribbean's market value can be influenced by many factors that don't directly affect Royal Caribbean'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 Royal Caribbean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Caribbean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Caribbean'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.