Freightcar America Stock Forecast - Naive Prediction
| RAIL Stock | USD 9.45 0.20 2.07% |
The Naive Prediction forecasted value of Freightcar America on the next trading day is expected to be 8.63 with a mean absolute deviation of 0.71 and the sum of the absolute errors of 43.42. Freightcar Stock Forecast is based on your current time horizon. Although Freightcar America's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Freightcar America's systematic risk associated with finding meaningful patterns of Freightcar America fundamentals over time.
Freightcar |
Freightcar America Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Freightcar America's financial statements, predicting their influence on future market prices.
Cash | First Reported 2003-12-31 | Previous Quarter 39.4 M | Current Value 44.8 M | Quarterly Volatility 50.1 M |
Freightcar America Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of Freightcar America on the next trading day is expected to be 8.63 with a mean absolute deviation of 0.71, mean absolute percentage error of 0.87, and the sum of the absolute errors of 43.42.Please note that although there have been many attempts to predict Freightcar 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 Freightcar America's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Freightcar America Stock Forecast Pattern
| Backtest Freightcar America | Freightcar America Price Prediction | Buy or Sell Advice |
Freightcar America Forecasted Value
In the context of forecasting Freightcar America'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. Freightcar America's downside and upside margins for the forecasting period are 0.92 and 16.33, respectively. We have considered Freightcar America'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 Freightcar America stock data series using in forecasting. Note that when a statistical model is used to represent Freightcar America 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 | 117.9671 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7118 |
| MAPE | Mean absolute percentage error | 0.0626 |
| SAE | Sum of the absolute errors | 43.4214 |
Predictive Modules for Freightcar America
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Freightcar America. 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 Freightcar America
For every potential investor in Freightcar, whether a beginner or expert, Freightcar America's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Freightcar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Freightcar. Basic forecasting techniques help filter out the noise by identifying Freightcar America's price trends.Freightcar America 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 Freightcar America stock to make a market-neutral strategy. Peer analysis of Freightcar America could also be used in its relative valuation, which is a method of valuing Freightcar America by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Freightcar America 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 Freightcar America'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 Freightcar America's current price.| Cycle Indicators | ||
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Freightcar America Market Strength Events
Market strength indicators help investors to evaluate how Freightcar America stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Freightcar America shares will generate the highest return on investment. By undertsting and applying Freightcar America stock market strength indicators, traders can identify Freightcar America entry and exit signals to maximize returns.
Freightcar America Risk Indicators
The analysis of Freightcar America'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 Freightcar America's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting freightcar 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 | 5.6 | |||
| Semi Deviation | 7.67 | |||
| Standard Deviation | 7.67 | |||
| Variance | 58.78 | |||
| Downside Variance | 70.59 | |||
| Semi Variance | 58.84 | |||
| Expected Short fall | (6.16) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Freightcar America to cross-verify your projections. For more information on how to buy Freightcar Stock please use our How to buy in Freightcar Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Construction Machinery & Heavy Transportation Equipment 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 Freightcar America. If investors know Freightcar 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 Freightcar America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.31) | Revenue Per Share 16.728 | Quarterly Revenue Growth 0.664 | Return On Assets 0.0577 | Return On Equity (0.09) |
The market value of Freightcar America is measured differently than its book value, which is the value of Freightcar that is recorded on the company's balance sheet. Investors also form their own opinion of Freightcar America's value that differs from its market value or its book value, called intrinsic value, which is Freightcar America'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 Freightcar America's market value can be influenced by many factors that don't directly affect Freightcar America'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 Freightcar America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freightcar America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freightcar America'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.