Core Molding Stock Forecast - Naive Prediction

Core Molding Additional Predictive Modules

Most predictive techniques to examine Core price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Core using various technical indicators. When you analyze Core 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. A naive forecasting model for Core Molding is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Core Molding Technologies 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.

Core Molding Naive Prediction Price Forecast For the 28th of January

Given 90 days horizon, the Naive Prediction forecasted value of Core Molding Technologies on the next trading day is expected to be 19.81 with a mean absolute deviation of 0.39, mean absolute percentage error of 0.23, and the sum of the absolute errors of 23.89.

Core Molding Stock Forecast Pattern

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Core Molding Price Prediction

Buy or Sell Advice

Core Molding 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 Core Molding stock data series using in forecasting. Note that when a statistical model is used to represent Core Molding 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 Core Molding Technologies. 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 Core Molding. 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 Core Molding

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Core Molding Technologies. 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 15.97 18.70 21.43 Details

Intrinsic Valuation Low Real High 16.28 19.01 21.74 Details

Bollinger Band Projection (param) Low Middle High 17.87 19.53 21.19 Details

1 Analysts Consensus Low Target High 20.02 22.00 24.42 Details

Core Molding After-Hype Price Density Analysis

Core Molding Estimiated After-Hype Price Volatility

Core Molding Stock Price Outlook Analysis

Notes

Core Molding Hype Timeline

On the 27th of January Core Molding Technologies is traded for 18.66. The entity has historical hype elasticity of 0.04, and average elasticity to hype of competition of -0.01. Core is expected to increase in value after the next headline, with the price projected to jump to 18.7 or above. The average volatility of media hype impact on the company the price is over 100%. The price appreciation on the next news is forecasted to be 0.21%, whereas the daily expected return is currently at 0.07%. The volatility of related hype on Core Molding is about 2575.47%, with the expected price after the next announcement by competition of 18.65. The company reported the last year's revenue of 302.38 M. Total Income to common stockholders was 13.3 M with profit before taxes, overhead, and interest of 46.13 M. Considering the 90-day investment horizon the next expected press release will be in about 5 days. Check out Historical Fundamental Analysis of Core Molding to cross-verify your projections.

Core Molding Related Hype Analysis

Other Forecasting Options for Core Molding

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

Core Molding Related Equities

Risk & Return

Correlation

Core Molding Market Strength Events

Core Molding Risk Indicators

Story Coverage note for Core Molding

Core Molding Short Properties

Additional Tools for Core Stock Analysis