Cambridge Bancorp Stock Forecast - Simple Exponential Smoothing

CATC Stock  USD 66.94  0.71  1.07%   
The Simple Exponential Smoothing forecasted value of Cambridge Bancorp on the next trading day is expected to be 66.94 with a mean absolute deviation of  1.05  and the sum of the absolute errors of 63.09. Cambridge Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cambridge Bancorp stock prices and determine the direction of Cambridge Bancorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Cambridge Bancorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Cambridge Bancorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cambridge Bancorp's systematic risk associated with finding meaningful patterns of Cambridge Bancorp fundamentals over time.
Check out Historical Fundamental Analysis of Cambridge Bancorp to cross-verify your projections.
For information on how to trade Cambridge Stock refer to our How to Trade Cambridge Stock guide.
  
At present, Cambridge Bancorp's Asset Turnover is projected to slightly decrease based on the last few years of reporting. . The current year's Net Income Applicable To Common Shares is expected to grow to about 63.9 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 5.1 M.
Most investors in Cambridge Bancorp 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 Cambridge Bancorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cambridge Bancorp's price structures and extracts relationships that further increase the generated results' accuracy.
Cambridge Bancorp simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Cambridge Bancorp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Cambridge Bancorp prices get older.

Cambridge Bancorp Simple Exponential Smoothing Price Forecast For the 4th of June

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Cambridge Bancorp on the next trading day is expected to be 66.94 with a mean absolute deviation of 1.05, mean absolute percentage error of 1.78, and the sum of the absolute errors of 63.09.
Please note that although there have been many attempts to predict Cambridge 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 Cambridge Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Cambridge Bancorp Stock Forecast Pattern

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Cambridge Bancorp Forecasted Value

In the context of forecasting Cambridge Bancorp'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. Cambridge Bancorp's downside and upside margins for the forecasting period are 64.90 and 68.98, respectively. We have considered Cambridge Bancorp'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.
Market Value
66.94
66.94
Expected Value
68.98
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Cambridge Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent Cambridge Bancorp 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.
AICAkaike Information Criteria116.8483
BiasArithmetic mean of the errors -0.0435
MADMean absolute deviation1.0515
MAPEMean absolute percentage error0.0163
SAESum of the absolute errors63.09
This simple exponential smoothing model begins by setting Cambridge Bancorp forecast for the second period equal to the observation of the first period. In other words, recent Cambridge Bancorp observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Cambridge Bancorp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cambridge Bancorp. 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 Cambridge Bancorp'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.
Hype
Prediction
LowEstimatedHigh
64.7066.7468.78
Details
Intrinsic
Valuation
LowRealHigh
60.2569.7171.75
Details
Bollinger
Band Projection (param)
LowMiddleHigh
63.7166.4169.10
Details
4 Analysts
Consensus
LowTargetHigh
67.1373.7781.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cambridge Bancorp. Your research has to be compared to or analyzed against Cambridge Bancorp's peers to derive any actionable benefits. When done correctly, Cambridge Bancorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cambridge Bancorp.

Other Forecasting Options for Cambridge Bancorp

For every potential investor in Cambridge, whether a beginner or expert, Cambridge Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cambridge Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cambridge. Basic forecasting techniques help filter out the noise by identifying Cambridge Bancorp's price trends.

Cambridge Bancorp 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 Cambridge Bancorp stock to make a market-neutral strategy. Peer analysis of Cambridge Bancorp could also be used in its relative valuation, which is a method of valuing Cambridge Bancorp by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Cambridge Bancorp 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 Cambridge Bancorp'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 Cambridge Bancorp's current price.

Cambridge Bancorp Market Strength Events

Market strength indicators help investors to evaluate how Cambridge Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cambridge Bancorp shares will generate the highest return on investment. By undertsting and applying Cambridge Bancorp stock market strength indicators, traders can identify Cambridge Bancorp entry and exit signals to maximize returns.

Cambridge Bancorp Risk Indicators

The analysis of Cambridge Bancorp'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 Cambridge Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cambridge 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.
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 Cambridge Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cambridge Bancorp'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 Cambridge Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cambridge Bancorp Stock:
Check out Historical Fundamental Analysis of Cambridge Bancorp to cross-verify your projections.
For information on how to trade Cambridge Stock refer to our How to Trade Cambridge Stock guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Cambridge Bancorp's price analysis, check to measure Cambridge Bancorp's 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 Cambridge Bancorp is operating at the current time. Most of Cambridge Bancorp's value examination focuses on studying past and present price action to predict the probability of Cambridge Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cambridge Bancorp's price. Additionally, you may evaluate how the addition of Cambridge Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is Cambridge Bancorp's industry 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 Cambridge Bancorp. If investors know Cambridge 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 Cambridge Bancorp 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
(0.45)
Dividend Share
2.59
Earnings Share
6.99
Revenue Per Share
19.676
Quarterly Revenue Growth
(0.17)
The market value of Cambridge Bancorp is measured differently than its book value, which is the value of Cambridge that is recorded on the company's balance sheet. Investors also form their own opinion of Cambridge Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Cambridge Bancorp'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 Cambridge Bancorp's market value can be influenced by many factors that don't directly affect Cambridge Bancorp'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 Cambridge Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambridge Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambridge Bancorp'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.