Clairvest Stock Forecast - Naive Prediction
| CVG Stock | CAD 69.49 0.94 1.37% |
The Naive Prediction forecasted value of Clairvest Group on the next trading day is expected to be 69.63 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 23.39. Clairvest Stock Forecast is based on your current time horizon. Although Clairvest's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Clairvest's systematic risk associated with finding meaningful patterns of Clairvest fundamentals over time.
Clairvest |
Clairvest Naive Prediction Price Forecast For the 24th of November
Given 90 days horizon, the Naive Prediction forecasted value of Clairvest Group on the next trading day is expected to be 69.63 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.22, and the sum of the absolute errors of 23.39.Please note that although there have been many attempts to predict Clairvest 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 Clairvest's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Clairvest Stock Forecast Pattern
| Backtest Clairvest | Clairvest Price Prediction | Buy or Sell Advice |
Clairvest Forecasted Value
In the context of forecasting Clairvest'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. Clairvest's downside and upside margins for the forecasting period are 69.02 and 70.24, respectively. We have considered Clairvest'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 Clairvest stock data series using in forecasting. Note that when a statistical model is used to represent Clairvest 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 | 118.4289 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3772 |
| MAPE | Mean absolute percentage error | 0.0054 |
| SAE | Sum of the absolute errors | 23.3875 |
Predictive Modules for Clairvest
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Clairvest Group. 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 Clairvest
For every potential investor in Clairvest, whether a beginner or expert, Clairvest's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Clairvest Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Clairvest. Basic forecasting techniques help filter out the noise by identifying Clairvest's price trends.Clairvest 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 Clairvest stock to make a market-neutral strategy. Peer analysis of Clairvest could also be used in its relative valuation, which is a method of valuing Clairvest by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Clairvest Group 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 Clairvest'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 Clairvest's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Clairvest Market Strength Events
Market strength indicators help investors to evaluate how Clairvest stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Clairvest shares will generate the highest return on investment. By undertsting and applying Clairvest stock market strength indicators, traders can identify Clairvest Group entry and exit signals to maximize returns.
Clairvest Risk Indicators
The analysis of Clairvest'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 Clairvest's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting clairvest 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 | 0.2767 | |||
| Standard Deviation | 0.5709 | |||
| Variance | 0.3259 |
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.
Pair Trading with Clairvest
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clairvest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clairvest will appreciate offsetting losses from the drop in the long position's value.Moving against Clairvest Stock
| 0.62 | NXE | NexGen Energy | PairCorr |
| 0.52 | ECN | ECN Capital Corp | PairCorr |
| 0.48 | CNQ | Canadian Natural Res | PairCorr |
| 0.48 | BIP-PB | Brookfield Infrastructure | PairCorr |
| 0.37 | ASM | Avino Silver Gold | PairCorr |
The ability to find closely correlated positions to Clairvest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clairvest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clairvest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clairvest Group to buy it.
The correlation of Clairvest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clairvest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clairvest Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clairvest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Clairvest Stock
Clairvest financial ratios help investors to determine whether Clairvest Stock 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 Clairvest with respect to the benefits of owning Clairvest security.