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Citigroup Stock Forecast - Polynomial Regression

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C -- USA Stock  

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Investors can use this prediction interface to forecast Citigroup historic stock prices and determine the direction of Citigroup future trends based on various well-known forecasting models. However, looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Citigroup historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Citigroup systematic risks associated with finding meaningful patterns of Citigroup fundamentals over time. Continue to Historical Fundamental Analysis of Citigroup to cross-verify your projections.
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Citigroup polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Citigroup as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the value of Citigroup on the next trading day is expected to be 74.772006

Citigroup Stock Forecast Pattern

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Citigroup Forecasted Value

Market Value
76.44
February 26, 2020
74.77
Expected Value
79.15
Upside

Model Predictive Factors

AICAkaike Information Criteria120.8659
BiasArithmetic mean of the errors None
MADMean absolute deviation1.1626
MAPEMean absolute percentage error0.0151
SAESum of the absolute errors72.0792
A single variable polynomial regression model attempts to put a curve through the Citigroup historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Volatility Measures

Citigroup Risk Indicators

Current Sentiment - C

Citigroup Investor Sentiment

Most of Macroaxis users are currently bullish on Citigroup. What is your opinion about investing in Citigroup? Are you bullish or bearish?
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2% Bearish
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Citigroup Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Citigroup and Canadian Imperial Bank. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Historical Fundamental Analysis of Citigroup to cross-verify your projections. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.