FinThink Research Report

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On 11/11/2020 we forecasted Citibank shares would rise 15% in the next 30 days, if you purchased $1000 worth of Citibank stock after receiving the report, your return would have been $150 dollars which would cover your annual subscription, leaving you with 51 other financial reports for the remainder of the year. Conversely if you invested $10,000, your return would have been $1500, again, for only $49.95 a month.

The Following report was released on 11/11/2020

It has been a long 9 months since the pandemic began. Since then we have seen a near crash saved by a fed bail out and lowered rates. Now, both the Dow and the S&P500 are reaching record highs. The Dow is continuing to rally on hopeful Covid-19 vaccine news, allowing people to return to work, thus bringing back GDP. Our analysis indicates that markets are too high and it is too late to buy into this trend. Furthermore, the latest Bank of America Securities Fund Manager Survey indicates that fund managers are currently lean on cash. Average cash levels in portfolios are at 4%, meaning fund managers do not have the Capital to drive markets further. This would be a good time to sell-off any positions that have rallied substantially and are stretched out by technical standards.

30 Day Forecast

This week we take a look at Citibank as fundamentally it is in a good position for their shares to appreciate in value. Our Machine Learning model forecasts with a 93.84% level of confidence that shares will rise 15.63% within the next 30 days, from the 11/11/2020 closing price of 48.93 to 56.58 on 12/11/2020.

Machine Learning LSTM RNN Citibank 30D Forecast

Take a minute to understand Expected Shortfall

Expected Shortfall = The expected return beyond the level of confidence, which can be negative or positive.

Our Market Risk model forecasts with a 95% level of confidence that within the next 30 days the maximum downside for Citibank (C) stock is -28.76% with a maximum gain of 34.09% with the average return being 0.06%.

Market Risk VaR Model 99% Confidence Level

Our Market Risk Model forecasts that with a 99% level of confidence that the maximum depreciation of Citibank (C) stock is -36.52%, with a maximum appreciation of 49.46% where the average return is .06%.

Market Risk VaR RoR 99% Gaussian Distribution