Cairn Homes Stock Forecast - Simple Moving Average
| C5H Stock | EUR 2.10 0.02 0.96% |
The Simple Moving Average forecasted value of Cairn Homes PLC on the next trading day is expected to be 2.10 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.81. Cairn Stock Forecast is based on your current time horizon.
Cairn |
Cairn Homes Simple Moving Average Price Forecast For the 26th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Cairn Homes PLC on the next trading day is expected to be 2.10 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.81.Please note that although there have been many attempts to predict Cairn 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 Cairn Homes' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cairn Homes Stock Forecast Pattern
| Backtest Cairn Homes | Cairn Homes Price Prediction | Buy or Sell Advice |
Cairn Homes Forecasted Value
In the context of forecasting Cairn Homes' 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. Cairn Homes' downside and upside margins for the forecasting period are 0.16 and 4.04, respectively. We have considered Cairn Homes' 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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Cairn Homes stock data series using in forecasting. Note that when a statistical model is used to represent Cairn Homes 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 | 108.2091 |
| Bias | Arithmetic mean of the errors | -0.0037 |
| MAD | Mean absolute deviation | 0.0307 |
| MAPE | Mean absolute percentage error | 0.0154 |
| SAE | Sum of the absolute errors | 1.81 |
Predictive Modules for Cairn Homes
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cairn Homes PLC. 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.Other Forecasting Options for Cairn Homes
For every potential investor in Cairn, whether a beginner or expert, Cairn Homes' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cairn Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cairn. Basic forecasting techniques help filter out the noise by identifying Cairn Homes' price trends.Cairn Homes 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 Cairn Homes stock to make a market-neutral strategy. Peer analysis of Cairn Homes could also be used in its relative valuation, which is a method of valuing Cairn Homes by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cairn Homes PLC 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 Cairn Homes' 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 Cairn Homes' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cairn Homes Market Strength Events
Market strength indicators help investors to evaluate how Cairn Homes stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cairn Homes shares will generate the highest return on investment. By undertsting and applying Cairn Homes stock market strength indicators, traders can identify Cairn Homes PLC entry and exit signals to maximize returns.
Cairn Homes Risk Indicators
The analysis of Cairn Homes' 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 Cairn Homes' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cairn 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 | 1.33 | |||
| Semi Deviation | 2.17 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.73 | |||
| Downside Variance | 7.01 | |||
| Semi Variance | 4.72 | |||
| Expected Short fall | (1.43) |
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.
Pair Trading with Cairn Homes
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 Cairn Homes 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 Cairn Homes will appreciate offsetting losses from the drop in the long position's value.Moving together with Cairn Stock
Moving against Cairn Stock
| 0.83 | BIRG | Bank of Ireland | PairCorr |
| 0.66 | OIZ | Origin Enterprises Plc | PairCorr |
| 0.51 | GL9 | Glanbia PLC | PairCorr |
| 0.34 | A5G | AIB Group PLC | PairCorr |
The ability to find closely correlated positions to Cairn Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cairn Homes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cairn Homes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cairn Homes PLC to buy it.
The correlation of Cairn Homes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cairn Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cairn Homes PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cairn Homes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cairn Stock Analysis
When running Cairn Homes' price analysis, check to measure Cairn Homes' 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 Cairn Homes is operating at the current time. Most of Cairn Homes' value examination focuses on studying past and present price action to predict the probability of Cairn Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cairn Homes' price. Additionally, you may evaluate how the addition of Cairn Homes to your portfolios can decrease your overall portfolio volatility.