Carpenter Technology Stock Forecast - Naive Prediction
| CRS Stock | USD 321.26 19.02 5.59% |
The Naive Prediction forecasted value of Carpenter Technology on the next trading day is expected to be 310.26 with a mean absolute deviation of 8.04 and the sum of the absolute errors of 498.37. Carpenter Stock Forecast is based on your current time horizon.
At this time, The relative strength momentum indicator of Carpenter Technology's share price is at 54 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Carpenter Technology, making its price go up or down. Momentum 54
Impartial
Oversold | Overbought |
Quarterly Earnings Growth 0.455 | EPS Estimate Next Quarter 2.2102 | EPS Estimate Current Year 10.1378 | EPS Estimate Next Year 11.3347 | Wall Street Target Price 382.37 |
Using Carpenter Technology hype-based prediction, you can estimate the value of Carpenter Technology from the perspective of Carpenter Technology response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Carpenter Technology using Carpenter Technology's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Carpenter using crowd psychology based on the activity and movement of Carpenter Technology's stock price.
Carpenter Technology Short Interest
An investor who is long Carpenter Technology may also wish to track short interest. As short interest increases, investors should be becoming more worried about Carpenter Technology and may potentially protect profits, hedge Carpenter Technology with its derivative instruments, or be ready for some potential downside.
200 Day MA 258.0752 | Short Percent 0.0665 | Short Ratio 3.36 | Shares Short Prior Month 2.4 M | 50 Day MA 320.9214 |
Carpenter Technology Hype to Price Pattern
Investor biases related to Carpenter Technology's public news can be used to forecast risks associated with an investment in Carpenter. The trend in average sentiment can be used to explain how an investor holding Carpenter can time the market purely based on public headlines and social activities around Carpenter Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Carpenter Technology's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Carpenter Technology.
Carpenter Technology Implied Volatility | 0.61 |
Carpenter Technology's implied volatility exposes the market's sentiment of Carpenter Technology stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Carpenter Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Carpenter Technology stock will not fluctuate a lot when Carpenter Technology's options are near their expiration.
The Naive Prediction forecasted value of Carpenter Technology on the next trading day is expected to be 310.26 with a mean absolute deviation of 8.04 and the sum of the absolute errors of 498.37. Carpenter Technology after-hype prediction price | USD 321.26 |
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.
Carpenter | Build AI portfolio with Carpenter Stock |
Open Interest Against 2026-03-20 Carpenter Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Carpenter Technology's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Carpenter Technology's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Carpenter Technology stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Carpenter Technology's open interest, investors have to compare it to Carpenter Technology's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Carpenter Technology is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Carpenter. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Carpenter Technology Additional Predictive Modules
Most predictive techniques to examine Carpenter price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Carpenter using various technical indicators. When you analyze Carpenter 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 |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Carpenter Technology's financial statements to predict how it will affect future prices.
Cash | First Reported 1986-06-30 | Previous Quarter 315.5 M | Current Value 208 M | Quarterly Volatility 123.4 M |
Carpenter Technology Naive Prediction Price Forecast For the 10th of January
Given 90 days horizon, the Naive Prediction forecasted value of Carpenter Technology on the next trading day is expected to be 310.26 with a mean absolute deviation of 8.04, mean absolute percentage error of 112.16, and the sum of the absolute errors of 498.37.Please note that although there have been many attempts to predict Carpenter 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 Carpenter Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Carpenter Technology Stock Forecast Pattern
| Backtest Carpenter Technology | Carpenter Technology Price Prediction | Buy or Sell Advice |
Carpenter Technology Forecasted Value
In the context of forecasting Carpenter Technology's Stock 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. Carpenter Technology's downside and upside margins for the forecasting period are 306.53 and 313.99, respectively. We have considered Carpenter Technology'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Carpenter Technology stock data series using in forecasting. Note that when a statistical model is used to represent Carpenter Technology 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 | 124.6683 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 8.0383 |
| MAPE | Mean absolute percentage error | 0.0272 |
| SAE | Sum of the absolute errors | 498.3727 |
Predictive Modules for Carpenter Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Carpenter Technology. 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.Other Forecasting Options for Carpenter Technology
For every potential investor in Carpenter, whether a beginner or expert, Carpenter Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Carpenter Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Carpenter. Basic forecasting techniques help filter out the noise by identifying Carpenter Technology's price trends.Carpenter Technology 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 Carpenter Technology stock to make a market-neutral strategy. Peer analysis of Carpenter Technology could also be used in its relative valuation, which is a method of valuing Carpenter Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Carpenter Technology 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 Carpenter Technology'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 Carpenter Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Carpenter Technology Market Strength Events
Market strength indicators help investors to evaluate how Carpenter Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Carpenter Technology shares will generate the highest return on investment. By undertsting and applying Carpenter Technology stock market strength indicators, traders can identify Carpenter Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 149522.0 | |||
| Daily Balance Of Power | (0.47) | |||
| Rate Of Daily Change | 0.94 | |||
| Day Median Price | 328.62 | |||
| Day Typical Price | 326.16 | |||
| Price Action Indicator | (16.87) | |||
| Period Momentum Indicator | (19.02) | |||
| Relative Strength Index | 54.81 |
Carpenter Technology Risk Indicators
The analysis of Carpenter Technology'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 Carpenter Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting carpenter 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 | 2.14 | |||
| Semi Deviation | 1.96 | |||
| Standard Deviation | 3.66 | |||
| Variance | 13.43 | |||
| Downside Variance | 5.59 | |||
| Semi Variance | 3.84 | |||
| Expected Short fall | (2.40) |
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.
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Additional Tools for Carpenter Stock Analysis
When running Carpenter Technology's price analysis, check to measure Carpenter Technology'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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.