Canandaigua National Pink Sheet Forecast - Polynomial Regression
| CNND Stock | USD 212.00 5.00 2.42% |
The Polynomial Regression forecasted value of Canandaigua National on the next trading day is expected to be 215.14 with a mean absolute deviation of 3.36 and the sum of the absolute errors of 208.44. Canandaigua Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Canandaigua National stock prices and determine the direction of Canandaigua National's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Canandaigua National's historical fundamentals, such as revenue growth or operating cash flow patterns.
The relative strength index (RSI) of Canandaigua National's pink sheet price is about 65 suggesting that the pink sheet is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Canandaigua, making its price go up or down. Momentum 65
Buy Extended
Oversold | Overbought |
Using Canandaigua National hype-based prediction, you can estimate the value of Canandaigua National from the perspective of Canandaigua National response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Canandaigua National on the next trading day is expected to be 215.14 with a mean absolute deviation of 3.36 and the sum of the absolute errors of 208.44. Canandaigua National after-hype prediction price | USD 212.0 |
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 pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Canandaigua |
Canandaigua National Additional Predictive Modules
Most predictive techniques to examine Canandaigua price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Canandaigua using various technical indicators. When you analyze Canandaigua 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 |
Canandaigua National Polynomial Regression Price Forecast For the 24th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Canandaigua National on the next trading day is expected to be 215.14 with a mean absolute deviation of 3.36, mean absolute percentage error of 14.88, and the sum of the absolute errors of 208.44.Please note that although there have been many attempts to predict Canandaigua Pink Sheet 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 Canandaigua National's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Canandaigua National Pink Sheet Forecast Pattern
| Backtest Canandaigua National | Canandaigua National Price Prediction | Buy or Sell Advice |
Canandaigua National Forecasted Value
In the context of forecasting Canandaigua National's Pink Sheet 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. Canandaigua National's downside and upside margins for the forecasting period are 213.87 and 216.42, respectively. We have considered Canandaigua 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Canandaigua National pink sheet data series using in forecasting. Note that when a statistical model is used to represent Canandaigua National pink sheet, 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 | 122.6484 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.3619 |
| MAPE | Mean absolute percentage error | 0.016 |
| SAE | Sum of the absolute errors | 208.4391 |
Predictive Modules for Canandaigua 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 Canandaigua National. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Canandaigua National After-Hype Price Prediction Density Analysis
As far as predicting the price of Canandaigua National at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Canandaigua National or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Pink Sheet prices, such as prices of Canandaigua National, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Canandaigua National Estimiated After-Hype Price Volatility
In the context of predicting Canandaigua National's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Canandaigua National's historical news coverage. Canandaigua National's after-hype downside and upside margins for the prediction period are 210.73 and 213.27, respectively. We have considered Canandaigua National's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Canandaigua National is very steady at this time. Analysis and calculation of next after-hype price of Canandaigua National is based on 3 months time horizon.
Canandaigua National Pink Sheet Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Canandaigua National is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Canandaigua National backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Pink Sheet price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Canandaigua National, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.18 | 1.28 | 0.00 | 0.02 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
212.00 | 212.00 | 0.00 |
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Canandaigua National Hype Timeline
Canandaigua National is currently traded for 212.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.02. Canandaigua is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 0.18%. %. The volatility of related hype on Canandaigua National is about 1015.87%, with the expected price after the next announcement by competition of 212.02. The company has price-to-book (P/B) ratio of 1.6. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canandaigua National recorded earning per share (EPS) of 23.77. The entity last dividend was issued on the 26th of January 2023. The firm had 4:1 split on the 13th of October 2011. Given the investment horizon of 90 days the next estimated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Canandaigua National to cross-verify your projections.Canandaigua National Related Hype Analysis
Having access to credible news sources related to Canandaigua National's direct competition is more important than ever and may enhance your ability to predict Canandaigua National's future price movements. Getting to know how Canandaigua National's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Canandaigua National may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| WCCB | West Coast Community | 0.00 | 0 per month | 0.00 | 0.06 | 1.29 | (0.72) | 2.38 | |
| DBIN | Dacotah Banks | 0.00 | 0 per month | 1.19 | (0.01) | 2.61 | (1.31) | 10.21 | |
| DSBX | Dogwood State Bank | 0.00 | 0 per month | 1.43 | (0.02) | 2.98 | (2.77) | 6.57 | |
| PBAM | Private Bancorp of | 0.00 | 0 per month | 0.40 | 0.02 | 1.25 | (0.92) | 4.78 | |
| AMIVF | Atrium Mortgage Investment | 1.26 | 4 per month | 0.00 | (0.1) | 1.41 | (1.47) | 8.04 | |
| FFMR | First Farmers Financial | 0.00 | 0 per month | 0.00 | (0.12) | 0.76 | (1.63) | 5.57 | |
| OITAF | The Oita Bank | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ALPIB | Alpine Banks of | 0.00 | 0 per month | 0.19 | 0.15 | 2.74 | (1.37) | 8.11 | |
| TRKYY | Trkiye Sinai Kalkinma | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SFBI | Sfsb Inc | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for Canandaigua National
For every potential investor in Canandaigua, whether a beginner or expert, Canandaigua National's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canandaigua Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canandaigua. Basic forecasting techniques help filter out the noise by identifying Canandaigua National's price trends.Canandaigua National 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 Canandaigua National pink sheet to make a market-neutral strategy. Peer analysis of Canandaigua National could also be used in its relative valuation, which is a method of valuing Canandaigua National by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canandaigua National Market Strength Events
Market strength indicators help investors to evaluate how Canandaigua National pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canandaigua National shares will generate the highest return on investment. By undertsting and applying Canandaigua National pink sheet market strength indicators, traders can identify Canandaigua National entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 212.0 | |||
| Day Typical Price | 212.0 | |||
| Price Action Indicator | 2.5 | |||
| Period Momentum Indicator | 5.0 | |||
| Relative Strength Index | 65.43 |
Canandaigua National Risk Indicators
The analysis of Canandaigua 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 Canandaigua National's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canandaigua pink sheet 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 | 0.5673 | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.48 |
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.
Story Coverage note for Canandaigua National
The number of cover stories for Canandaigua National depends on current market conditions and Canandaigua National's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Canandaigua National is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Canandaigua National's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Canandaigua Pink Sheet
Canandaigua National financial ratios help investors to determine whether Canandaigua Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canandaigua with respect to the benefits of owning Canandaigua National security.