CCL Industries Stock Forecast - Naive Prediction
| CCL-B Stock | CAD 68.79 0.33 0.48% |
The Naive Prediction forecasted value of CCL Industries on the next trading day is expected to be 68.83 with a mean absolute deviation of 0.60 and the sum of the absolute errors of 36.95. CCL Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CCL Industries stock prices and determine the direction of CCL Industries's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CCL Industries' historical fundamentals, such as revenue growth or operating cash flow patterns. Although CCL Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CCL Industries' systematic risk associated with finding meaningful patterns of CCL Industries fundamentals over time.
Check out Historical Fundamental Analysis of CCL Industries to cross-verify your projections. CCL |
Most investors in CCL Industries cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the CCL Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets CCL Industries' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for CCL Industries is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of CCL Industries 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. CCL Industries Naive Prediction Price Forecast For the 1st of June
Given 90 days horizon, the Naive Prediction forecasted value of CCL Industries on the next trading day is expected to be 68.83 with a mean absolute deviation of 0.60, mean absolute percentage error of 0.52, and the sum of the absolute errors of 36.95.Please note that although there have been many attempts to predict CCL 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 CCL Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CCL Industries Stock Forecast Pattern
| Backtest CCL Industries | CCL Industries Price Prediction | Buy or Sell Advice |
CCL Industries Forecasted Value
In the context of forecasting CCL Industries' 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. CCL Industries' downside and upside margins for the forecasting period are 67.77 and 69.90, respectively. We have considered CCL Industries' 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 CCL Industries stock data series using in forecasting. Note that when a statistical model is used to represent CCL Industries 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 | 119.3006 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.596 |
| MAPE | Mean absolute percentage error | 0.0084 |
| SAE | Sum of the absolute errors | 36.9521 |
Predictive Modules for CCL Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CCL Industries. 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 CCL Industries' 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 CCL Industries
For every potential investor in CCL, whether a beginner or expert, CCL Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CCL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CCL. Basic forecasting techniques help filter out the noise by identifying CCL Industries' price trends.CCL Industries 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 CCL Industries stock to make a market-neutral strategy. Peer analysis of CCL Industries could also be used in its relative valuation, which is a method of valuing CCL Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CCL Industries 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 CCL Industries' 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 CCL Industries' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CCL Industries Market Strength Events
Market strength indicators help investors to evaluate how CCL Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CCL Industries shares will generate the highest return on investment. By undertsting and applying CCL Industries stock market strength indicators, traders can identify CCL Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 3852.2 | |||
| Daily Balance Of Power | (0.24) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 69.09 | |||
| Day Typical Price | 68.99 | |||
| Price Action Indicator | (0.46) | |||
| Period Momentum Indicator | (0.33) |
CCL Industries Risk Indicators
The analysis of CCL Industries' 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 CCL Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ccl 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 | 0.8334 | |||
| Semi Deviation | 1.06 | |||
| Standard Deviation | 1.07 | |||
| Variance | 1.14 | |||
| Downside Variance | 1.16 | |||
| Semi Variance | 1.12 | |||
| Expected Short fall | (0.84) |
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 CCL Industries to cross-verify your projections. Note that the CCL Industries information on this page should be used as a complementary analysis to other CCL Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for CCL Stock analysis
When running CCL Industries' price analysis, check to measure CCL Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CCL Industries is operating at the current time. Most of CCL Industries' value examination focuses on studying past and present price action to predict the probability of CCL Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CCL Industries' price. Additionally, you may evaluate how the addition of CCL Industries to your portfolios can decrease your overall portfolio volatility.
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