Fidelity Canadian Fund Forecast - 4 Period Moving Average

A four-period moving average forecast model for Fidelity Canadian Growth is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

Fidelity Canadian 4 Period Moving Average Price Forecast For the 25th of November

Given 90 days horizon, the 4 Period Moving Average forecasted value of Fidelity Canadian Growth on the next trading day is expected to be 129.56 with a mean absolute deviation of 1.11, mean absolute percentage error of 2.03, and the sum of the absolute errors of 62.99.

Fidelity Canadian Fund Forecast Pattern

Fidelity Canadian Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Fidelity Canadian fund data series using in forecasting. Note that when a statistical model is used to represent Fidelity Canadian fund, 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. The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of Fidelity Canadian. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Fidelity Canadian Growth and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Fidelity Canadian

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fidelity Canadian Growth. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 129.59 130.24 130.89 Details

Intrinsic Valuation Low Real High 117.22 136.78 137.43 Details

Bollinger Band Projection (param) Low Middle High 128.42 129.76 131.11 Details

Other Forecasting Options for Fidelity Canadian

For every potential investor in Fidelity, whether a beginner or expert, Fidelity Canadian's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fidelity Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fidelity. Basic forecasting techniques help filter out the noise by identifying Fidelity Canadian's price trends.

Fidelity Canadian Related Equities

Risk & Return

Correlation

Fidelity Canadian Growth Technical and Predictive Analytics

The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Fidelity Canadian's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Fidelity Canadian's current price.

Fidelity Canadian Market Strength Events

Fidelity Canadian Risk Indicators

Pair Trading with Fidelity Canadian

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Canadian will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Fidelity Fund