Century Casinos Stock Forecast - Naive Prediction

Century Casinos Additional Predictive Modules

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

Century Casinos Naive Prediction Price Forecast For the 23rd of January

Given 90 days horizon, the Naive Prediction forecasted value of Century Casinos on the next trading day is expected to be 1.59 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.72.

Century Casinos Stock Forecast Pattern

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Century Casinos Price Prediction

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Century Casinos 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 Century Casinos stock data series using in forecasting. Note that when a statistical model is used to represent Century Casinos 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 Century Casinos. 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 Century Casinos. 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 Century Casinos

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Century Casinos. 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 0.08 1.61 5.85 Details

Intrinsic Valuation Low Real High 0.08 1.50 5.74 Details

Bollinger Band Projection (param) Low Middle High 1.22 1.48 1.74 Details

Century Casinos After-Hype Price Prediction Density Analysis

Century Casinos Estimiated After-Hype Price Volatility

Century Casinos Stock Price Prediction Analysis

Century Casinos Hype Timeline

Century Casinos is currently traded for 1.61. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.02. Century is anticipated 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 anticipated to be very small, whereas the daily expected return is currently at -0.44%. %. The volatility of related hype on Century Casinos is about 9217.39%, with the expected price after the next announcement by competition of 1.59. About 58.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.17. Some equities with similar Price to Book (P/B) outperform the market in the long run. Century Casinos has Price/Earnings To Growth (PEG) ratio of 0.77. The entity recorded a loss per share of 3.55. The firm had not issued any dividends in recent years. Given the investment horizon of 90 days the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Century Casinos to cross-verify your projections. For more information on how to buy Century Stock please use our How to Invest in Century Casinos guide.

Century Casinos Related Hype Analysis

Other Forecasting Options for Century Casinos

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

Century Casinos Related Equities

Risk & Return

Correlation

Century Casinos Market Strength Events

Century Casinos Risk Indicators

Story Coverage note for Century Casinos

Century Casinos Short Properties

Additional Tools for Century Stock Analysis