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Citigroup Stock Forecast - Simple Moving Average

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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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A two period moving average forecast for Citigroup is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.
Given 30 days horizon, the value of Citigroup on the next trading day is expected to be 72.935

Citigroup Stock Forecast Pattern

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Citigroup Forecasted Value

Market Value
76.44
February 26, 2020
72.94
Expected Value
77.31
Upside

Model Predictive Factors

AICAkaike Information Criteria117.099
BiasArithmetic mean of the errors 0.0154
MADMean absolute deviation0.9721
MAPEMean absolute percentage error0.0127
SAESum of the absolute errors58.325
The simple moving average model is conceptually a linear regression of the current value of Citigroup price series against current and previous (unobserved) value of Citigroup. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting stock prices into the future

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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98% Bullish
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.