Mawer New Fund Forecast - Naive Prediction

0P0000820A  CAD 94.97  0.10  0.11%   
The Naive Prediction forecasted value of Mawer New Canada on the next trading day is expected to be 93.53 with a mean absolute deviation of 0.90 and the sum of the absolute errors of 55.17. Mawer Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mawer New stock prices and determine the direction of Mawer New Canada's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Mawer New's historical fundamentals, such as revenue growth or operating cash flow patterns.
As of today the relative strength index (rsi) of Mawer New's share price is below 20 . This suggests that the fund is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards.

Momentum 0

 Sell Peaked

 
Oversold
 
Overbought
The successful prediction of Mawer New's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Mawer New Canada, which may create opportunities for some arbitrage if properly timed.
Using Mawer New hype-based prediction, you can estimate the value of Mawer New Canada from the perspective of Mawer New response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Mawer New Canada on the next trading day is expected to be 93.53 with a mean absolute deviation of 0.90 and the sum of the absolute errors of 55.17.

Mawer New after-hype prediction price

    
  CAD 94.97  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Mawer New to cross-verify your projections.

Mawer New Additional Predictive Modules

Most predictive techniques to examine Mawer price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Mawer using various technical indicators. When you analyze Mawer charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
A naive forecasting model for Mawer New is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Mawer New Canada value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Mawer New Naive Prediction Price Forecast For the 3rd of January

Given 90 days horizon, the Naive Prediction forecasted value of Mawer New Canada on the next trading day is expected to be 93.53 with a mean absolute deviation of 0.90, mean absolute percentage error of 1.22, and the sum of the absolute errors of 55.17.
Please note that although there have been many attempts to predict Mawer Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Mawer New's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mawer New Fund Forecast Pattern

Backtest Mawer NewMawer New Price PredictionBuy or Sell Advice 

Mawer New Forecasted Value

In the context of forecasting Mawer New's Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Mawer New's downside and upside margins for the forecasting period are 92.63 and 94.43, respectively. We have considered Mawer New's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
94.97
93.53
Expected Value
94.43
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 Mawer New fund data series using in forecasting. Note that when a statistical model is used to represent Mawer New 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.
AICAkaike Information Criteria118.3113
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9044
MAPEMean absolute percentage error0.0096
SAESum of the absolute errors55.1668
This model is not at all useful as a medium-long range forecasting tool of Mawer New Canada. 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 Mawer New. 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.

Predictive Modules for Mawer New

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mawer New Canada. 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
LowEstimatedHigh
94.0794.9795.87
Details
Intrinsic
Valuation
LowRealHigh
93.8494.7495.64
Details
Bollinger
Band Projection (param)
LowMiddleHigh
90.8793.6296.36
Details

Other Forecasting Options for Mawer New

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

Mawer New Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mawer New fund to make a market-neutral strategy. Peer analysis of Mawer New could also be used in its relative valuation, which is a method of valuing Mawer New by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Mawer New Canada 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 Mawer New'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 Mawer New's current price.

Mawer New Market Strength Events

Market strength indicators help investors to evaluate how Mawer New fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mawer New shares will generate the highest return on investment. By undertsting and applying Mawer New fund market strength indicators, traders can identify Mawer New Canada entry and exit signals to maximize returns.

Mawer New Risk Indicators

The analysis of Mawer New's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Mawer New's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mawer fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
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.

Pair Trading with Mawer New

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 Mawer New 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 Mawer New will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mawer Fund

  0.870P0000714B Mawer New CanadaPairCorr

Moving against Mawer Fund

  0.340P00007060 RBC Canadian MoneyPairCorr
  0.340P000071C3 Dynamique march montairePairCorr
  0.340P000071QO CI Money MarketPairCorr
The ability to find closely correlated positions to Mawer New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mawer New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mawer New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mawer New Canada to buy it.
The correlation of Mawer New is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mawer New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mawer New Canada moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mawer New can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Mawer Fund

Mawer New financial ratios help investors to determine whether Mawer Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mawer with respect to the benefits of owning Mawer New security.
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