Community Trust Stock Forecast - Naive Prediction
| CTBI Stock | USD 53.80 0.68 1.28% |
The Naive Prediction forecasted value of Community Trust Bancorp on the next trading day is expected to be 55.24 with a mean absolute deviation of 0.99 and the sum of the absolute errors of 60.24. Community Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Community Trust's historical fundamentals, such as revenue growth or operating cash flow patterns.
Community |
Open Interest Against 2025-03-21 Community Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Community Trust'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 Community Trust's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Community Trust 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 Community Trust's open interest, investors have to compare it to Community Trust'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 Community Trust 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 Community. 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.
Community Trust Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Community Trust's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1991-09-30 | Previous Quarter 161.9 M | Current Value 85.9 M | Quarterly Volatility 44.2 M |
Community Trust Naive Prediction Price Forecast For the 21st of January
Given 90 days horizon, the Naive Prediction forecasted value of Community Trust Bancorp on the next trading day is expected to be 55.24 with a mean absolute deviation of 0.99, mean absolute percentage error of 1.77, and the sum of the absolute errors of 60.24.Please note that although there have been many attempts to predict Community 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 Community Trust's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Community Trust Stock Forecast Pattern
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Community Trust Forecasted Value
In the context of forecasting Community Trust'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. Community Trust's downside and upside margins for the forecasting period are 52.59 and 57.90, respectively. We have considered Community Trust'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 Community Trust stock data series using in forecasting. Note that when a statistical model is used to represent Community Trust 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 | 118.6799 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.9875 |
| MAPE | Mean absolute percentage error | 0.0178 |
| SAE | Sum of the absolute errors | 60.2405 |
Predictive Modules for Community Trust
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Community Trust Bancorp. 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 Community Trust
For every potential investor in Community, whether a beginner or expert, Community Trust's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Community Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Community. Basic forecasting techniques help filter out the noise by identifying Community Trust's price trends.View Community Trust Related Equities
| Risk & Return | Correlation |
Community Trust Bancorp 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 Community Trust'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 Community Trust's current price.| Cycle Indicators | ||
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Community Trust Market Strength Events
Market strength indicators help investors to evaluate how Community Trust stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Community Trust shares will generate the highest return on investment. By undertsting and applying Community Trust stock market strength indicators, traders can identify Community Trust Bancorp entry and exit signals to maximize returns.
Community Trust Risk Indicators
The analysis of Community Trust'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 Community Trust's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting community 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 | 1.59 | |||
| Semi Deviation | 1.79 | |||
| Standard Deviation | 2.64 | |||
| Variance | 7.0 | |||
| Downside Variance | 3.66 | |||
| Semi Variance | 3.21 | |||
| Expected Short fall | (1.96) |
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.
Currently Active Assets on Macroaxis
When determining whether Community Trust Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Community Trust's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Community Trust Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Community Trust Bancorp Stock:Check out Historical Fundamental Analysis of Community Trust to cross-verify your projections. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Community Trust. If investors know Community will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Community Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.07 | Earnings Share 4.61 | Revenue Per Share | Quarterly Revenue Growth 0.057 | Return On Assets |
The market value of Community Trust Bancorp is measured differently than its book value, which is the value of Community that is recorded on the company's balance sheet. Investors also form their own opinion of Community Trust's value that differs from its market value or its book value, called intrinsic value, which is Community Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Community Trust's market value can be influenced by many factors that don't directly affect Community Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Community Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Community Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Community Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.