Carnival Plc Stock Forecast - 8 Period Moving Average
| CUK Stock | USD 14.42 0.73 5.33% |
The 8 Period Moving Average forecasted value of Carnival Plc ADS on the next trading day is expected to be 13.90 with a mean absolute deviation of 0.50 and the sum of the absolute errors of 27.18. Carnival Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Carnival Plc stock prices and determine the direction of Carnival Plc ADS's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Carnival Plc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Carnival Plc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Carnival Plc's systematic risk associated with finding meaningful patterns of Carnival Plc fundamentals over time.
Check out Historical Fundamental Analysis of Carnival Plc to cross-verify your projections. Carnival |
Open Interest Against 2024-06-21 Carnival Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Carnival Plc'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 Carnival Plc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Carnival Plc 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 Carnival Plc's open interest, investors have to compare it to Carnival Plc'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 Carnival Plc 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 Carnival. 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 Carnival Plc 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 Carnival Plc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Carnival Plc's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Carnival Plc is based on an artificially constructed time series of Carnival Plc daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Carnival Plc 8 Period Moving Average Price Forecast For the 5th of June
Given 90 days horizon, the 8 Period Moving Average forecasted value of Carnival Plc ADS on the next trading day is expected to be 13.90 with a mean absolute deviation of 0.50, mean absolute percentage error of 0.36, and the sum of the absolute errors of 27.18.Please note that although there have been many attempts to predict Carnival 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 Carnival Plc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Carnival Plc Stock Forecast Pattern
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Carnival Plc Forecasted Value
In the context of forecasting Carnival Plc'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. Carnival Plc's downside and upside margins for the forecasting period are 11.40 and 16.39, respectively. We have considered Carnival Plc'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Carnival Plc stock data series using in forecasting. Note that when a statistical model is used to represent Carnival Plc 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 | 104.2183 |
| Bias | Arithmetic mean of the errors | 0.0601 |
| MAD | Mean absolute deviation | 0.5033 |
| MAPE | Mean absolute percentage error | 0.0364 |
| SAE | Sum of the absolute errors | 27.18 |
Predictive Modules for Carnival Plc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Carnival Plc ADS. 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 Carnival Plc'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 Carnival Plc
For every potential investor in Carnival, whether a beginner or expert, Carnival Plc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Carnival Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Carnival. Basic forecasting techniques help filter out the noise by identifying Carnival Plc's price trends.Carnival Plc 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 Carnival Plc stock to make a market-neutral strategy. Peer analysis of Carnival Plc could also be used in its relative valuation, which is a method of valuing Carnival Plc by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Carnival Plc ADS 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 Carnival Plc'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 Carnival Plc's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Carnival Plc Market Strength Events
Market strength indicators help investors to evaluate how Carnival Plc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Carnival Plc shares will generate the highest return on investment. By undertsting and applying Carnival Plc stock market strength indicators, traders can identify Carnival Plc ADS entry and exit signals to maximize returns.
| Accumulation Distribution | 94413.66 | |||
| Daily Balance Of Power | 1.106061 | |||
| Rate Of Daily Change | 1.05 | |||
| Day Median Price | 14.12 | |||
| Day Typical Price | 14.22 | |||
| Price Action Indicator | 0.67 | |||
| Period Momentum Indicator | 0.73 | |||
| Relative Strength Index | 54.49 |
Carnival Plc Risk Indicators
The analysis of Carnival Plc'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 Carnival Plc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting carnival 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 | 1.76 | |||
| Semi Deviation | 2.37 | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.89 | |||
| Downside Variance | 6.05 | |||
| Semi Variance | 5.64 | |||
| 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.
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Additional Information and Resources on Investing in Carnival Stock
When determining whether Carnival Plc ADS is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Carnival Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Carnival Plc Ads Stock. Highlighted below are key reports to facilitate an investment decision about Carnival Plc Ads Stock:Check out Historical Fundamental Analysis of Carnival Plc to cross-verify your projections. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Hotels, Resorts & Cruise Lines 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 Carnival Plc. If investors know Carnival 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 Carnival Plc 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 (0.14) | Earnings Share 0.32 | Revenue Per Share 17.868 | Quarterly Revenue Growth 0.22 | Return On Assets 0.0294 |
The market value of Carnival Plc ADS is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival Plc's value that differs from its market value or its book value, called intrinsic value, which is Carnival Plc'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 Carnival Plc's market value can be influenced by many factors that don't directly affect Carnival Plc'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 Carnival Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival Plc'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.