Citizens Financial Stock Forward View
| CFG Stock | USD 57.02 -0.03 -0.05% |
Citizens Financial's Naive Prediction reference data is generated by applying the model to available daily closing prices. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Naive Prediction forecasted value of Citizens Financial Group on the next trading day is expected to be 59.22 with a mean absolute deviation of 0.89 and the sum of the absolute errors of 54.31.This model is not at all useful as a medium-long range forecasting tool of Citizens Financial Group. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Citizens Financial. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. Citizens Financial's Naive Prediction reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Naive Prediction Price Forecast For the 23rd of March
Given 90 days horizon, the Naive Prediction forecasted value of Citizens Financial Group on the next trading day is expected to be 59.22 with a mean absolute deviation of 0.89 , mean absolute percentage error of 1.18 , and the sum of the absolute errors of 54.31 .Please note that although there have been many attempts to predict Citizens Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Citizens Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Citizens Financial | Citizens Financial Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Citizens Financial's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 57.35 on the downside to about 61.09 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Citizens Financial stock data series using in forecasting. Note that when a statistical model is used to represent Citizens Financial 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 | 118.28 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.8903 |
| MAPE | Mean absolute percentage error | 0.0144 |
| SAE | Sum of the absolute errors | 54.3103 |
Other Forecasting Options for Citizens Financial
Analyzing Citizens Financial's price movement through moving averages at different time horizons reveals whether short-term momentum aligns with the longer-term trend. Touches of the upper or lower band in Citizens Financial's chart can signal overbought or oversold conditions.Citizens Financial Related Equities
Citizens Financial's market space within the Financials space is best grasped by looking at the firms listed below. Peer review on balance sheet metrics shows how Citizens Financial's capital structure stacks up against similar firms. Sector-wide trends across this peer group can help split company-level factors from broader forces.
| Risk & Return | Correlation |
Citizens Financial Market Strength Events
Market strength indicators for Citizens Financial stock provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade Citizens Financial.
Citizens Financial Risk Indicators
Assessing Citizens Financial's risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting Citizens Financial's future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 1.34 | |||
| Standard Deviation | 1.87 | |||
| Variance | 3.49 |
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.
Story Coverage note for Citizens Financial
A coverage review of Citizens Financial Group shows when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage separates durable relevance from temporary noise.
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Latest Perspective From Macroaxis
Citizens Financial Short Properties
Short sentiment tied to Citizens Financial Group matters because heavier bearish pressure can change how quickly future price expectations become unstable. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 435.5 M | |
| Cash And Short Term Investments | 49.4 B |