Last Update:
Monday, April 21, 2025
Opening Value:
434.82
Highest Value:
437.27
Lowest Value:
430.54
Adj. Closing Value:
434.76
- The forecast plot shows the forecasted Ferrari stock prices for the next 12 months.
- The plot also shows the 80% prediction interval in dark purple and the 95% prediction interval in light purple.
- The numeric values for these forecasted values and prediction intervals are shown in the next tab.
The table below shows the forecast values and 80% and 95% prediction intervals for the 12 requested forecasts for the Ferrari stock.
| Point Forecast | Lo 80 | Hi 80 | Lo 95 | Hi 95 | |
|---|---|---|---|---|---|
| Aug 2024 | 433.9377 | 412.3484 | 455.5270 | 400.9198 | 466.9556 |
| Sep 2024 | 437.2654 | 406.7336 | 467.7972 | 390.5710 | 483.9598 |
| Oct 2024 | 440.5931 | 403.1994 | 477.9868 | 383.4044 | 497.7818 |
| Nov 2024 | 443.9208 | 400.7423 | 487.0993 | 377.8850 | 509.9567 |
| Dec 2024 | 447.2485 | 398.9735 | 495.5236 | 373.4182 | 521.0789 |
| Jan 2025 | 450.5763 | 397.6936 | 503.4589 | 369.6992 | 531.4533 |
| Feb 2025 | 453.9040 | 396.7842 | 511.0238 | 366.5468 | 541.2612 |
| Mar 2025 | 457.2317 | 396.1680 | 518.2953 | 363.8429 | 550.6205 |
| Apr 2025 | 460.5594 | 395.7916 | 525.3272 | 361.5056 | 559.6132 |
| May 2025 | 463.8871 | 395.6159 | 532.1583 | 359.4753 | 568.2989 |
| Jun 2025 | 467.2148 | 395.6114 | 538.8183 | 357.7068 | 576.7229 |
| Jul 2025 | 470.5425 | 395.7551 | 545.3299 | 356.1651 | 584.9200 |
- In March of 2026, the Ferrari stock price is forecasted to be 467 dollars.
- The width of the 80% prediction interval for this forecast in March of 2026 is 143 dollars.
These three residual plots allow the analyst to examine the distribution of the residuals of the modeled time series.
Despite increasing volatility, our stock price model is estimated to be 93.5% accurate.
This doesn’t guarantee that forecasts will be 93.5% accurate but it does improve our chances of accurate forecasting.
This dashboard was created using Quarto in RStudio, and the R Language and Environment.
The dataset used to create this dashboard was downloaded from Yahoo Finance.
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