Cathay General Stock Forecast - Naive Prediction

A naive forecasting model for Cathay General is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Cathay General Bancorp 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.

Cathay General Naive Prediction Price Forecast For the 30th of November

Given 90 days horizon, the Naive Prediction forecasted value of Cathay General Bancorp on the next trading day is expected to be 51.66 with a mean absolute deviation of 0.85, mean absolute percentage error of 1.32, and the sum of the absolute errors of 52.15.

Cathay General Stock Forecast Pattern

Backtest Cathay General

Cathay General Price Prediction

Buy or Sell Advice

Cathay General Forecasted Value

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 Cathay General stock data series using in forecasting. Note that when a statistical model is used to represent Cathay General 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. This model is not at all useful as a medium-long range forecasting tool of Cathay General Bancorp. 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 Cathay General. 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 Cathay General

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cathay General 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.

Hype Prediction Low Estimated High 49.86 52.16 54.46 Details

Intrinsic Valuation Low Real High 43.67 45.97 57.21 Details

5 Analysts Consensus Low Target High 33.97 37.33 41.44 Details

Earnings Estimates (0) Low Projected EPS High 1.00 1.10 1.01 Details

Other Forecasting Options for Cathay General

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

View Cathay General Related Equities

Risk & Return

Correlation

Cathay General 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 Cathay General'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 Cathay General's current price.

Cathay General Market Strength Events

Cathay General Risk Indicators

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.

Additional Tools for Cathay Stock Analysis