Colliers International Stock Forecast - Naive Prediction

CIGI Stock  USD 147.40  1.42  0.95%   
The Naive Prediction forecasted value of Colliers International Group on the next trading day is expected to be 149.18 with a mean absolute deviation of 2.08 and the sum of the absolute errors of 127.08. Colliers Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Colliers International's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of now, Colliers International's Asset Turnover is decreasing as compared to previous years. . The Colliers International's current Net Income Applicable To Common Shares is estimated to increase to about 43.7 M, while Common Stock Shares Outstanding is projected to decrease to under 33.4 M.
Most investors in Colliers International 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 Colliers International's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Colliers International's price structures and extracts relationships that further increase the accuracy of the generated results.
 
Cash  
First Reported
1993-09-30
Previous Quarter
240.6 M
Current Value
240.6 M
Quarterly Volatility
69.4 M
 
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Yuan Drop
 
Covid
A naive forecasting model for Colliers International is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Colliers International Group 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.

Colliers International Naive Prediction Price Forecast For the 6th of October

Given 90 days horizon, the Naive Prediction forecasted value of Colliers International Group on the next trading day is expected to be 149.18 with a mean absolute deviation of 2.08, mean absolute percentage error of 6.39, and the sum of the absolute errors of 127.08.
Please note that although there have been many attempts to predict Colliers 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 Colliers International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Colliers International Stock Forecast Pattern

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Colliers International Forecasted Value

In the context of forecasting Colliers International'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. Colliers International's downside and upside margins for the forecasting period are 147.46 and 150.91, respectively. We have considered Colliers International'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
147.40
147.46
Downside
149.18
Expected Value
150.91
Upside

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 Colliers International stock data series using in forecasting. Note that when a statistical model is used to represent Colliers International 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 Criteria119.9652
BiasArithmetic mean of the errors None
MADMean absolute deviation2.0833
MAPEMean absolute percentage error0.0148
SAESum of the absolute errors127.0807
This model is not at all useful as a medium-long range forecasting tool of Colliers International Group. 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 Colliers International. 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 Colliers International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Colliers International. 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 Colliers International'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
144.99146.71148.43
Details
Intrinsic
Valuation
LowRealHigh
132.66149.70151.42
Details
9 Analysts
Consensus
LowTargetHigh
119.12130.90145.30
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.892.072.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Colliers International. Your research has to be compared to or analyzed against Colliers International's peers to derive any actionable benefits. When done correctly, Colliers International'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 Colliers International.

Other Forecasting Options for Colliers International

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

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

Colliers International 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 Colliers International'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 Colliers International's current price.

Colliers International Market Strength Events

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

Colliers International Risk Indicators

The analysis of Colliers International'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 Colliers International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting colliers 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.

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Additional Information and Resources on Investing in Colliers Stock

When determining whether Colliers International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Colliers International'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 Colliers International Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Colliers International Group Stock:
Check out Historical Fundamental Analysis of Colliers International to cross-verify your projections.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Real Estate Management & Development 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 Colliers International. If investors know Colliers 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 Colliers International 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
1.996
Dividend Share
0.3
Earnings Share
3.01
Revenue Per Share
91.705
Quarterly Revenue Growth
0.057
The market value of Colliers International is measured differently than its book value, which is the value of Colliers that is recorded on the company's balance sheet. Investors also form their own opinion of Colliers International's value that differs from its market value or its book value, called intrinsic value, which is Colliers International'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 Colliers International's market value can be influenced by many factors that don't directly affect Colliers International'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 Colliers International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Colliers International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Colliers International'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.