Red River Stock Forecast - Naive Prediction
| RRBI Stock | USD 58.74 0.49 0.84% |
The Naive Prediction forecasted value of Red River Bancshares on the next trading day is expected to be 56.84 with a mean absolute deviation of 0.88 and the sum of the absolute errors of 53.95. Red Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Red River's historical fundamentals, such as revenue growth or operating cash flow patterns.
Red |
Red River 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 Red River's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2018-03-31 | Previous Quarter 213.1 M | Current Value 39.7 M | Quarterly Volatility 215 M |
Red River Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Red River Bancshares on the next trading day is expected to be 56.84 with a mean absolute deviation of 0.88, mean absolute percentage error of 1.18, and the sum of the absolute errors of 53.95.Please note that although there have been many attempts to predict Red 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 Red River's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Red River Stock Forecast Pattern
| Backtest Red River | Red River Price Prediction | Buy or Sell Advice |
Red River Forecasted Value
In the context of forecasting Red River'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. Red River's downside and upside margins for the forecasting period are 54.87 and 58.80, respectively. We have considered Red River'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 Red River stock data series using in forecasting. Note that when a statistical model is used to represent Red River 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 | 118.279 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.8844 |
| MAPE | Mean absolute percentage error | 0.0168 |
| SAE | Sum of the absolute errors | 53.9491 |
Predictive Modules for Red River
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Red River Bancshares. 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 Red River
For every potential investor in Red, whether a beginner or expert, Red River's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Red Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Red. Basic forecasting techniques help filter out the noise by identifying Red River's price trends.Red River 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 Red River stock to make a market-neutral strategy. Peer analysis of Red River could also be used in its relative valuation, which is a method of valuing Red River by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Red River Bancshares 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 Red River'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 Red River's current price.| Cycle Indicators | ||
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Red River Market Strength Events
Market strength indicators help investors to evaluate how Red River stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Red River shares will generate the highest return on investment. By undertsting and applying Red River stock market strength indicators, traders can identify Red River Bancshares entry and exit signals to maximize returns.
Red River Risk Indicators
The analysis of Red River'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 Red River's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting red 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 | 1.51 | |||
| Semi Deviation | 1.48 | |||
| Standard Deviation | 2.12 | |||
| Variance | 4.51 | |||
| Downside Variance | 3.16 | |||
| Semi Variance | 2.2 | |||
| Expected Short fall | (1.79) |
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 Red River Bancshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Red River'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 Red River Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Red River Bancshares Stock:Check out Historical Fundamental Analysis of Red River to cross-verify your projections. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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 Red River. If investors know Red 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 Red River 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 0.135 | Dividend Share 0.35 | Earnings Share 4.75 | Revenue Per Share 15.238 | Quarterly Revenue Growth 0.056 |
The market value of Red River Bancshares is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red River's value that differs from its market value or its book value, called intrinsic value, which is Red River'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 Red River's market value can be influenced by many factors that don't directly affect Red River'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 Red River's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red River is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red River'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.