KLP Aksje Fund Forecast - Simple Regression

0P0000TJ5D   2,918  22.01  0.75%   
The Simple Regression forecasted value of KLP Aksje Fremvoksende on the next trading day is expected to be 3,031 with a mean absolute deviation of 71.71 and the sum of the absolute errors of 4,374. Investors can use prediction functions to forecast KLP Aksje's fund prices and determine the direction of KLP Aksje Fremvoksende's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through KLP Aksje price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

KLP Aksje Simple Regression Price Forecast For the 29th of November

Given 90 days horizon, the Simple Regression forecasted value of KLP Aksje Fremvoksende on the next trading day is expected to be 3,031 with a mean absolute deviation of 71.71, mean absolute percentage error of 6,166, and the sum of the absolute errors of 4,374.
Please note that although there have been many attempts to predict KLP 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 KLP Aksje's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

KLP Aksje Fund Forecast Pattern

KLP Aksje Forecasted Value

In the context of forecasting KLP Aksje'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. KLP Aksje's downside and upside margins for the forecasting period are 3,030 and 3,032, respectively. We have considered KLP Aksje'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
2,918
3,031
Expected Value
3,032
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of KLP Aksje fund data series using in forecasting. Note that when a statistical model is used to represent KLP Aksje 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 Criteria126.8373
BiasArithmetic mean of the errors None
MADMean absolute deviation71.7114
MAPEMean absolute percentage error0.0245
SAESum of the absolute errors4374.3976
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as KLP Aksje Fremvoksende historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for KLP Aksje

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KLP Aksje Fremvoksende. 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.

Other Forecasting Options for KLP Aksje

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

KLP Aksje 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 KLP Aksje fund to make a market-neutral strategy. Peer analysis of KLP Aksje could also be used in its relative valuation, which is a method of valuing KLP Aksje by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

KLP Aksje Fremvoksende 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 KLP Aksje'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 KLP Aksje's current price.

KLP Aksje Market Strength Events

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

KLP Aksje Risk Indicators

The analysis of KLP Aksje'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 KLP Aksje's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting klp 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 KLP Aksje

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 KLP Aksje 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 KLP Aksje will appreciate offsetting losses from the drop in the long position's value.

Moving together with KLP Fund

  0.71IE00B065CV35 Franklin Floating RatePairCorr
  0.74IE0032578035 Franklin Floating RatePairCorr
The ability to find closely correlated positions to KLP Aksje could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KLP Aksje 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 KLP Aksje - 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 KLP Aksje Fremvoksende to buy it.
The correlation of KLP Aksje 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 KLP Aksje moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KLP Aksje Fremvoksende 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 KLP Aksje 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.
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