CD PROJEKT Stock Forecast - Simple Exponential Smoothing
| CDR Stock | 239.40 2.30 0.95% |
The Simple Exponential Smoothing forecasted value of CD PROJEKT SA on the next trading day is expected to be 239.40 with a mean absolute deviation of 3.55 and the sum of the absolute errors of 216.70. CDR Stock Forecast is based on your current time horizon.
As of today The value of RSI of CD PROJEKT's share price is above 80 suggesting that the stock is significantly overbought by investors. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 97
Buy Peaked
Oversold | Overbought |
Using CD PROJEKT hype-based prediction, you can estimate the value of CD PROJEKT SA from the perspective of CD PROJEKT response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of CD PROJEKT SA on the next trading day is expected to be 239.40 with a mean absolute deviation of 3.55 and the sum of the absolute errors of 216.70. CD PROJEKT after-hype prediction price | PLN 239.4 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
CDR |
CD PROJEKT Additional Predictive Modules
Most predictive techniques to examine CDR price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CDR using various technical indicators. When you analyze CDR charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CD PROJEKT Simple Exponential Smoothing Price Forecast For the 7th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of CD PROJEKT SA on the next trading day is expected to be 239.40 with a mean absolute deviation of 3.55, mean absolute percentage error of 23.73, and the sum of the absolute errors of 216.70.Please note that although there have been many attempts to predict CDR 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 CD PROJEKT's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CD PROJEKT Stock Forecast Pattern
| Backtest CD PROJEKT | CD PROJEKT Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of CD PROJEKT stock data series using in forecasting. Note that when a statistical model is used to represent CD PROJEKT 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 | 121.2772 |
| Bias | Arithmetic mean of the errors | 0.559 |
| MAD | Mean absolute deviation | 3.5525 |
| MAPE | Mean absolute percentage error | 0.0143 |
| SAE | Sum of the absolute errors | 216.7 |
Predictive Modules for CD PROJEKT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CD PROJEKT SA. 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 CD PROJEKT'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.
CD PROJEKT 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 CD PROJEKT stock to make a market-neutral strategy. Peer analysis of CD PROJEKT could also be used in its relative valuation, which is a method of valuing CD PROJEKT by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CD PROJEKT Market Strength Events
Market strength indicators help investors to evaluate how CD PROJEKT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CD PROJEKT shares will generate the highest return on investment. By undertsting and applying CD PROJEKT stock market strength indicators, traders can identify CD PROJEKT SA entry and exit signals to maximize returns.
| Accumulation Distribution | 7387.79 | |||
| Daily Balance Of Power | (0.31) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 241.8 | |||
| Day Typical Price | 241.0 | |||
| Price Action Indicator | (3.55) | |||
| Period Momentum Indicator | (2.30) | |||
| Relative Strength Index | 97.26 |
CD PROJEKT Risk Indicators
The analysis of CD PROJEKT'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 CD PROJEKT's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cdr 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 | 1.43 | |||
| Standard Deviation | 1.97 | |||
| Variance | 3.87 |
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 CD PROJEKT
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 CD PROJEKT 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 CD PROJEKT will appreciate offsetting losses from the drop in the long position's value.Moving against CDR Stock
| 0.64 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.6 | PZU | Powszechny Zaklad | PairCorr |
| 0.55 | ENA | Enea SA | PairCorr |
| 0.46 | SAN | Banco Santander SA | PairCorr |
| 0.45 | KGH | KGHM Polska Miedz | PairCorr |
The ability to find closely correlated positions to CD PROJEKT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CD PROJEKT 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 CD PROJEKT - 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 CD PROJEKT SA to buy it.
The correlation of CD PROJEKT 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 CD PROJEKT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CD PROJEKT SA 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 CD PROJEKT 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 CDR Stock Analysis
When running CD PROJEKT's price analysis, check to measure CD PROJEKT'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 CD PROJEKT is operating at the current time. Most of CD PROJEKT's value examination focuses on studying past and present price action to predict the probability of CD PROJEKT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CD PROJEKT's price. Additionally, you may evaluate how the addition of CD PROJEKT to your portfolios can decrease your overall portfolio volatility.