Clarus Corp Stock Forecast - Naive Prediction

CLAR -  USA Stock  

USD 27.36  0.01  0.0366%

Clarus Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Clarus Corp historical stock prices and determine the direction of Clarus Corp's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Clarus Corp historical fundamentals such as revenue growth or operating cash flow patterns. Although Clarus Corp naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Clarus Corp systematic risk associated with finding meaningful patterns of Clarus Corp fundamentals over time.
Continue to Historical Fundamental Analysis of Clarus Corp to cross-verify your projections.

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Clarus Corp PPandE Turnover is relatively stable at the moment as compared to the past year. Clarus Corp reported last year PPandE Turnover of 8.96. As of 09/19/2021, Receivables Turnover is likely to grow to 5.95, while Accounts Payable Turnover is likely to drop 7.47. . As of 09/19/2021, Weighted Average Shares is likely to grow to about 32.7 M. Also, Weighted Average Shares Diluted is likely to grow to about 33.4 M.

Open Interest Agains t 2021-10-15 Clarus Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Clarus Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Clarus Corp's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Clarus Corp stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Clarus Corp's open interest, investors have to compare it to Clarus Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Clarus Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Clarus. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Clarus Corp 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 Clarus Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Clarus Corp's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Clarus Corp is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Clarus Corp 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.

Clarus Corp Naive Prediction Price Forecast For the 20th of September

Given 90 days horizon, the Naive Prediction forecasted value of Clarus Corp on the next trading day is expected to be 27.29 with a mean absolute deviation of 0.41, mean absolute percentage error of 0.27, and the sum of the absolute errors of 25.31. Please note that although there have been many attempts to predict Clarus 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 Clarus Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Clarus Corp Stock Forecast Pattern

Backtest Clarus CorpClarus Corp Price PredictionBuy or Sell Advice 

Clarus Corp Forecasted Value

In the context of forecasting Clarus Corp'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. Clarus Corp's downside and upside margins for the forecasting period are 25.62 and 28.96, respectively. We have considered Clarus Corp'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
27.36
19th of September 2021
27.29
Expected Value
28.96
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 Clarus Corp stock data series using in forecasting. Note that when a statistical model is used to represent Clarus Corp 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 Criteria116.8194
BiasArithmetic mean of the errors None
MADMean absolute deviation0.4149
MAPEMean absolute percentage error0.015
SAESum of the absolute errors25.3067
This model is not at all useful as a medium-long range forecasting tool of Clarus Corp. 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 Clarus Corp. 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 Clarus Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Clarus Corp. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Clarus Corp'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. Please use the tools below to analyze the current value of Clarus Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
25.7127.3829.05
Details
Intrinsic
Valuation
LowReal ValueHigh
24.6232.9834.65
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.3127.3727.44
Details
5 Analysts
Consensus
LowTarget PriceHigh
35.0035.7537.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Clarus Corp. Your research has to be compared to or analyzed against Clarus Corp's peers to derive any actionable benefits. When done correctly, Clarus Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Clarus Corp.

Other Forecasting Options for Clarus Corp

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

View Currently 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 Clarus Corp stock to make a market-neutral strategy. Peer analysis of Clarus Corp could also be used in its relative valuation, which is a method of valuing Clarus Corp by comparing valuation metrics with similar companies.

Clarus 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 Clarus Corp'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 Clarus Corp's current price.

Clarus Corp Market Strength Events

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

Clarus Corp Risk Indicators

The analysis of Clarus Corp's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Clarus Corp's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Clarus Corp stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Clarus Corp Investors Sentiment

The influence of Clarus Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Clarus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - CLAR

Clarus Corp Investor Sentiment

Most of Macroaxis users are currently bullish on Clarus Corp. What is your opinion about investing in Clarus Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Clarus Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clarus Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clarus Corp will appreciate offsetting losses from the drop in the long position's value.

Clarus Corp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Clarus Corp and Cedar Fair LP. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Historical Fundamental Analysis of Clarus Corp to cross-verify your projections. Note that the Clarus Corp information on this page should be used as a complementary analysis to other Clarus Corp's 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Clarus Stock analysis

When running Clarus Corp price analysis, check to measure Clarus Corp'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 Clarus Corp is operating at the current time. Most of Clarus Corp's value examination focuses on studying past and present price action to predict the probability of Clarus Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Clarus Corp's price. Additionally, you may evaluate how the addition of Clarus Corp to your portfolios can decrease your overall portfolio volatility.
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The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Clarus Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.