CTS Stock Forecast - 4 Period Moving Average
CTS Stock | USD 52.95 0.52 0.97% |
The 4 Period Moving Average forecasted value of CTS Corporation on the next trading day is expected to be 53.02 with a mean absolute deviation of 0.92 and the sum of the absolute errors of 52.55. CTS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CTS stock prices and determine the direction of CTS Corporation's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CTS's historical fundamentals, such as revenue growth or operating cash flow patterns. Although CTS's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CTS's systematic risk associated with finding meaningful patterns of CTS fundamentals over time.
Check out Historical Fundamental Analysis of CTS to cross-verify your projections. CTS |
Open Interest Against 2024-06-21 CTS Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast CTS'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 CTS's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for CTS 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 CTS's open interest, investors have to compare it to CTS'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 CTS 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 CTS. 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.
Most investors in CTS cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the CTS's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets CTS's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for CTS Corporation is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility. CTS 4 Period Moving Average Price Forecast For the 3rd of June
Given 90 days horizon, the 4 Period Moving Average forecasted value of CTS Corporation on the next trading day is expected to be 53.02 with a mean absolute deviation of 0.92, mean absolute percentage error of 1.24, and the sum of the absolute errors of 52.55.Please note that although there have been many attempts to predict CTS 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 CTS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CTS Stock Forecast Pattern
Backtest CTS | CTS Price Prediction | Buy or Sell Advice |
CTS Forecasted Value
In the context of forecasting CTS'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. CTS's downside and upside margins for the forecasting period are 51.45 and 54.59, respectively. We have considered CTS'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of CTS stock data series using in forecasting. Note that when a statistical model is used to represent CTS 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 | 110.9774 |
Bias | Arithmetic mean of the errors | -0.3701 |
MAD | Mean absolute deviation | 0.9218 |
MAPE | Mean absolute percentage error | 0.0194 |
SAE | Sum of the absolute errors | 52.545 |
Predictive Modules for CTS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CTS Corporation. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CTS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for CTS
For every potential investor in CTS, whether a beginner or expert, CTS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CTS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CTS. Basic forecasting techniques help filter out the noise by identifying CTS's price trends.CTS 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 CTS stock to make a market-neutral strategy. Peer analysis of CTS could also be used in its relative valuation, which is a method of valuing CTS by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
CTS Corporation 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 CTS'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 CTS's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
CTS Market Strength Events
Market strength indicators help investors to evaluate how CTS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CTS shares will generate the highest return on investment. By undertsting and applying CTS stock market strength indicators, traders can identify CTS Corporation entry and exit signals to maximize returns.
CTS Risk Indicators
The analysis of CTS'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 CTS's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cts 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 | 1.26 | |||
Semi Deviation | 1.15 | |||
Standard Deviation | 1.56 | |||
Variance | 2.42 | |||
Downside Variance | 1.89 | |||
Semi Variance | 1.32 | |||
Expected Short fall | (1.41) |
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 CTS
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 CTS 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 CTS will appreciate offsetting losses from the drop in the long position's value.Moving together with CTS Stock
0.7 | FN | Fabrinet Fiscal Year End 19th of August 2024 | PairCorr |
0.81 | KE | Kimball Electronics Fiscal Year End 21st of August 2024 | PairCorr |
0.88 | KN | Knowles Cor | PairCorr |
0.87 | UI | Ubiquiti Networks Fiscal Year End 23rd of August 2024 | PairCorr |
Moving against CTS Stock
0.89 | EMKR | EMCORE Fiscal Year End 10th of December 2024 | PairCorr |
0.81 | BAERW | Bridger Aerospace | PairCorr |
0.75 | FFIV | F5 Networks Fiscal Year End 22nd of October 2024 | PairCorr |
0.7 | VIAV | Viavi Solutions Fiscal Year End 8th of August 2024 | PairCorr |
0.69 | EVLV | Evolv Technologies | PairCorr |
The ability to find closely correlated positions to CTS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTS 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 CTS - 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 CTS Corporation to buy it.
The correlation of CTS 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 CTS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CTS Corporation 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 CTS 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.Check out Historical Fundamental Analysis of CTS to cross-verify your projections. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for CTS Stock analysis
When running CTS's price analysis, check to measure CTS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CTS is operating at the current time. Most of CTS's value examination focuses on studying past and present price action to predict the probability of CTS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTS's price. Additionally, you may evaluate how the addition of CTS to your portfolios can decrease your overall portfolio volatility.
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Is CTS's industry 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 CTS. If investors know CTS 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 CTS 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 (0.38) | Dividend Share 0.16 | Earnings Share 1.7 | Revenue Per Share 17.028 | Quarterly Revenue Growth (0.14) |
The market value of CTS Corporation is measured differently than its book value, which is the value of CTS that is recorded on the company's balance sheet. Investors also form their own opinion of CTS's value that differs from its market value or its book value, called intrinsic value, which is CTS'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 CTS's market value can be influenced by many factors that don't directly affect CTS'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 CTS's value and its price as these two are different measures arrived at by different means. Investors typically determine if CTS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CTS'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.