Camden National Stock Forecast - Double Exponential Smoothing
| CAC Stock | USD 46.76 0.45 0.97% |
The Double Exponential Smoothing forecasted value of Camden National on the next trading day is expected to be 47.00 with a mean absolute deviation of 0.74 and the sum of the absolute errors of 44.57. Camden Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Camden National stock prices and determine the direction of Camden National's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Camden National's historical fundamentals, such as revenue growth or operating cash flow patterns.
Camden |
Camden National Double Exponential Smoothing Price Forecast For the 23rd of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Camden National on the next trading day is expected to be 47.00 with a mean absolute deviation of 0.74, mean absolute percentage error of 1.35, and the sum of the absolute errors of 44.57.Please note that although there have been many attempts to predict Camden 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 Camden National's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Camden National Stock Forecast Pattern
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Camden National Forecasted Value
In the context of forecasting Camden National'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. Camden National's downside and upside margins for the forecasting period are 44.39 and 49.62, respectively. We have considered Camden National'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Camden National stock data series using in forecasting. Note that when a statistical model is used to represent Camden National 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.1674 |
| MAD | Mean absolute deviation | 0.7429 |
| MAPE | Mean absolute percentage error | 0.0175 |
| SAE | Sum of the absolute errors | 44.5719 |
Predictive Modules for Camden National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Camden National. 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 Camden National
For every potential investor in Camden, whether a beginner or expert, Camden National's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Camden Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Camden. Basic forecasting techniques help filter out the noise by identifying Camden National's price trends.View Camden National Related Equities
| Risk & Return | Correlation |
Camden National 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 Camden National'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 Camden National's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Camden National Market Strength Events
Market strength indicators help investors to evaluate how Camden National stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Camden National shares will generate the highest return on investment. By undertsting and applying Camden National stock market strength indicators, traders can identify Camden National entry and exit signals to maximize returns.
Camden National Risk Indicators
The analysis of Camden National'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 Camden National's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting camden 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 | 1.61 | |||
| Semi Deviation | 1.66 | |||
| Standard Deviation | 2.67 | |||
| Variance | 7.12 | |||
| Downside Variance | 3.77 | |||
| Semi Variance | 2.75 | |||
| Expected Short fall | (1.88) |
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 Camden National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Camden National'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 Camden National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Camden National Stock:Check out Historical Fundamental Analysis of Camden National to cross-verify your projections. For information on how to trade Camden Stock refer to our How to Trade Camden Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Regional Banks 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 Camden National. If investors know Camden 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 Camden National 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 0.339 | Dividend Share 1.68 | Earnings Share 3.2 | Revenue Per Share 11.579 | Quarterly Revenue Growth 0.171 |
The market value of Camden National is measured differently than its book value, which is the value of Camden that is recorded on the company's balance sheet. Investors also form their own opinion of Camden National's value that differs from its market value or its book value, called intrinsic value, which is Camden National'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 Camden National's market value can be influenced by many factors that don't directly affect Camden National'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 Camden National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Camden National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Camden National'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.