26442CAR5 Forecast - Naive Prediction

A naive forecasting model for 26442CAR5 is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of DUKE ENERGY CAROLINAS value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

26442CAR5 Naive Prediction Price Forecast For the 23rd of November

Given 90 days horizon, the Naive Prediction forecasted value of DUKE ENERGY CAROLINAS on the next trading day is expected to be 77.76 with a mean absolute deviation of 0.61, mean absolute percentage error of 0.52, and the sum of the absolute errors of 38.10.

26442CAR5 Bond Forecast Pattern

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26442CAR5 Price Prediction

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26442CAR5 Forecasted Value

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 26442CAR5 bond data series using in forecasting. Note that when a statistical model is used to represent 26442CAR5 bond, 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. This model is not at all useful as a medium-long range forecasting tool of DUKE ENERGY CAROLINAS. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict 26442CAR5. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for 26442CAR5

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DUKE ENERGY CAROLINAS. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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.

Hype Prediction Low Estimated High 76.99 77.90 78.81 Details

Intrinsic Valuation Low Real High 70.11 98.25 99.16 Details

Bollinger Band Projection (param) Low Middle High 77.46 80.24 83.03 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as 26442CAR5. Your research has to be compared to or analyzed against 26442CAR5's peers to derive any actionable benefits. When done correctly, 26442CAR5's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in DUKE ENERGY CAROLINAS.

Other Forecasting Options for 26442CAR5

For every potential investor in 26442CAR5, whether a beginner or expert, 26442CAR5's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 26442CAR5 Bond price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 26442CAR5. Basic forecasting techniques help filter out the noise by identifying 26442CAR5's price trends.

26442CAR5 Related Equities

Risk & Return

Correlation

DUKE ENERGY CAROLINAS Technical and Predictive Analytics

The bond market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of 26442CAR5'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 26442CAR5's current price.

26442CAR5 Market Strength Events

26442CAR5 Risk Indicators

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in 26442CAR5 Bond