Camping World Stock Forecast - 20 Period Moving Average
| CWH Stock | USD 22.12 0.66 3.08% |
The 20 Period Moving Average forecasted value of Camping World Holdings on the next trading day is expected to be 21.42 with a mean absolute deviation of 1.66 and the sum of the absolute errors of 67.95. Camping Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Camping World stock prices and determine the direction of Camping World Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Camping World's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Camping World to cross-verify your projections. Camping |
Most investors in Camping World 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 Camping World's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Camping World's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Camping World Holdings is based on a synthetically constructed Camping Worlddaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Camping World 20 Period Moving Average Price Forecast For the 14th of May 2024
Given 90 days horizon, the 20 Period Moving Average forecasted value of Camping World Holdings on the next trading day is expected to be 21.42 with a mean absolute deviation of 1.66, mean absolute percentage error of 3.99, and the sum of the absolute errors of 67.95.Please note that although there have been many attempts to predict Camping 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 Camping World's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Camping World Stock Forecast Pattern
| Backtest Camping World | Camping World Price Prediction | Buy or Sell Advice |
Camping World Forecasted Value
In the context of forecasting Camping World'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. Camping World's downside and upside margins for the forecasting period are 18.67 and 24.17, respectively. We have considered Camping World'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Camping World stock data series using in forecasting. Note that when a statistical model is used to represent Camping World 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 | 82.7372 |
| Bias | Arithmetic mean of the errors | 1.4308 |
| MAD | Mean absolute deviation | 1.6574 |
| MAPE | Mean absolute percentage error | 0.074 |
| SAE | Sum of the absolute errors | 67.9515 |
Predictive Modules for Camping World
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Camping World Holdings. 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 Camping World'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 Camping World
For every potential investor in Camping, whether a beginner or expert, Camping World's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Camping Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Camping. Basic forecasting techniques help filter out the noise by identifying Camping World's price trends.Camping World 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 Camping World stock to make a market-neutral strategy. Peer analysis of Camping World could also be used in its relative valuation, which is a method of valuing Camping World by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Camping World Holdings 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 Camping World'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 Camping World's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Camping World Market Strength Events
Market strength indicators help investors to evaluate how Camping World stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Camping World shares will generate the highest return on investment. By undertsting and applying Camping World stock market strength indicators, traders can identify Camping World Holdings entry and exit signals to maximize returns.
Camping World Risk Indicators
The analysis of Camping World'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 Camping World's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting camping 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 | 2.08 | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.69 |
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 Camping World
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 Camping World 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 Camping World will appreciate offsetting losses from the drop in the long position's value.Moving against Camping Stock
| 0.66 | SDA | SunCar Technology Symbol Change | PairCorr |
| 0.56 | GPI | Group 1 Automotive | PairCorr |
| 0.56 | KAR | KAR Auction Services | PairCorr |
| 0.43 | AN | AutoNation | PairCorr |
The ability to find closely correlated positions to Camping World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Camping World 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 Camping World - 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 Camping World Holdings to buy it.
The correlation of Camping World 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 Camping World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Camping World Holdings 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 Camping World 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 Camping World to cross-verify your projections. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Camping Stock analysis
When running Camping World's price analysis, check to measure Camping World'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 Camping World is operating at the current time. Most of Camping World's value examination focuses on studying past and present price action to predict the probability of Camping World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camping World's price. Additionally, you may evaluate how the addition of Camping World to your portfolios can decrease your overall portfolio volatility.
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Is Camping World'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 Camping World. If investors know Camping 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 Camping World listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Camping World Holdings is measured differently than its book value, which is the value of Camping that is recorded on the company's balance sheet. Investors also form their own opinion of Camping World's value that differs from its market value or its book value, called intrinsic value, which is Camping World'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 Camping World's market value can be influenced by many factors that don't directly affect Camping World'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 Camping World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Camping World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Camping World'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.